IST:MAKIM Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	305.1	246.09	220.32	105.36	48.24	30
Short-Term Investments	31.96	33.66	0.06	4.44	-	-
Cash & Short-Term Investments	337.06	279.75	220.37	109.81	48.24	30
Cash Growth	83.32%	26.95%	100.69%	127.61%	60.80%	-1.07%
Accounts Receivable	356.98	307.69	207.38	368.68	152.91	38.74
Other Receivables	1.99	2.69	5.8	0.03	9.2	5.62
Receivables	358.97	310.38	213.18	368.71	162.11	44.36
Inventory	385.93	299.88	269.2	166.89	93.42	23.74
Other Current Assets	1.6	41.55	61.66	49.4	27.26	10.08
Total Current Assets	1,137	931.56	764.4	694.82	331.03	108.18
Property, Plant & Equipment	850.65	772.45	743.48	301.94	154.97	24.52
Other Intangible Assets	14.55	13.48	2.62	2.2	1.97	0.31
Long-Term Deferred Tax Assets	4.65	10.1	39.34	34.18	19.55	1.34
Other Long-Term Assets	43.13	42	43.6	61.64	13.86	4.87
Total Assets	2,051	1,770	1,593	1,095	521.38	139.22
Accounts Payable	236.4	227.71	149.46	87.89	54.01	14.87
Accrued Expenses	32.12	27.92	30.44	19.54	6.63	1.86
Short-Term Debt	289.97	174.41	26.96	59.01	8.91	-
Current Portion of Long-Term Debt	76.57	48.93	85.18	32.46	-	-
Current Portion of Leases	0.87	0.83	0.88	0.2	0.27	0.22
Current Income Taxes Payable	-	7.93	0.57	10.18	-	-
Current Unearned Revenue	24.83	8.46	13.18	24.52	7.81	4.26
Other Current Liabilities	18.77	16.6	9.69	5.29	4	1.78
Total Current Liabilities	679.52	512.79	316.36	239.09	81.63	22.99
Long-Term Debt	112.89	110.13	141.55	46.54	-	-
Long-Term Leases	2.8	3	5.02	0.32	0.59	0.52
Pension & Post-Retirement Benefits	12.73	20.43	11.83	12.28	10.31	3.48
Total Liabilities	814.33	646.35	474.76	298.23	92.52	26.99
Common Stock	112	112	112	56	56	56
Retained Earnings	644.54	596.93	577.18	455.86	191.42	58.26
Treasury Stock	-7.4	-8.52	-	-	-	-
Comprehensive Income & Other	487.25	422.83	429.51	284.68	181.43	-2.04
Shareholders' Equity	1,236	1,123	1,119	796.54	428.85	112.22
Total Liabilities & Equity	2,051	1,770	1,593	1,095	521.38	139.22
Total Debt	483.09	337.31	259.59	138.54	9.77	0.74
Net Cash (Debt)	-146.03	-57.55	-39.22	-28.73	38.48	29.26
Net Cash Growth	-	-	-	-	31.48%	-3.51%
Net Cash Per Share	-	-0.51	-0.35	-0.26	0.34	0.26
Filing Date Shares Outstanding	-	112	112	112	112	112
Total Common Shares Outstanding	-	112	112	112	112	112
Working Capital	457.6	418.77	448.04	455.72	249.4	85.2
Book Value Per Share	-	10.03	9.99	7.11	3.83	1.00
Tangible Book Value	1,222	1,110	1,116	794.35	426.89	111.92
Tangible Book Value Per Share	-	9.91	9.96	7.09	3.81	1.00
Buildings	-	513.84	500.12	-	-	-
Machinery	-	335.07	302.23	157.72	50.78	7
Construction In Progress	-	16.23	-	173.79	118.58	18.45
Leasehold Improvements	-	0.37	10.3	7.79	5.38	0.69