IST:MAKTK Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	0	0	0.5	0.04	0
Cash & Short-Term Investments	0	0	0.5	0.04	0
Cash Growth	-87.01%	-99.42%	1308.19%	9601.08%	-99.88%
Accounts Receivable	344.35	551.81	167.23	92.47	39.6
Other Receivables	-	-	-	-	0.28
Receivables	980.24	1,105	348.97	146.46	97.89
Inventory	312.95	396.85	298.99	201.79	51.55
Prepaid Expenses	7.85	10.48	7.69	3.4	1.2
Other Current Assets	0.89	1.16	0.53	0.46	12.3
Total Current Assets	1,302	1,514	656.69	352.15	162.94
Property, Plant & Equipment	1,088	935.05	979.03	622.46	161.72
Other Intangible Assets	9.1	8.84	7.73	5.95	0.85
Long-Term Deferred Tax Assets	-	-	-	0.17	-
Other Long-Term Assets	0.75	0.98	1.08	1.28	0.73
Total Assets	2,400	2,458	1,645	982	326.24
Accounts Payable	109.5	139	105.38	42.66	19.33
Accrued Expenses	98.16	87.03	72.68	29.01	7.51
Current Portion of Leases	29.59	15.99	28.45	21.18	6.13
Current Income Taxes Payable	30.19	29.55	8.14	2.22	0.17
Current Unearned Revenue	61.79	365.27	133.09	65.27	8.73
Other Current Liabilities	21.72	27.87	30.48	35.24	93.44
Total Current Liabilities	350.95	664.71	378.22	195.57	135.3
Long-Term Leases	158.48	112.53	78.77	29.63	9.46
Pension & Post-Retirement Benefits	64.81	66.28	69.19	94.24	22.69
Long-Term Deferred Tax Liabilities	112.13	5.33	66.24	29.13	1.2
Total Liabilities	686.37	848.84	592.42	348.56	168.66
Common Stock	200	200	200	200	200
Additional Paid-In Capital	1.69	1.69	1.29	0.9	0.16
Retained Earnings	-3,344	-3,315	-2,745	-2,007	-150.27
Comprehensive Income & Other	4,856	4,723	3,596	2,440	107.7
Total Common Equity	1,714	1,610	1,052	633.43	157.58
Shareholders' Equity	1,714	1,610	1,052	633.43	157.58
Total Liabilities & Equity	2,400	2,458	1,645	982	326.24
Total Debt	188.07	128.52	107.21	50.81	15.58
Net Cash (Debt)	-188.07	-128.52	-106.71	-50.77	-15.58
Net Cash Per Share	-0.94	-0.64	-0.53	-0.25	-0.08
Filing Date Shares Outstanding	200	200	200	200	200
Total Common Shares Outstanding	200	200	200	200	200
Working Capital	950.98	848.9	278.47	156.57	27.64
Book Value Per Share	8.57	8.05	5.26	3.17	0.79
Tangible Book Value	1,705	1,601	1,044	627.48	156.73
Tangible Book Value Per Share	8.52	8.00	5.22	3.14	0.78
Machinery	1,193	960.38	1,063	687.02	207.37
Construction In Progress	3.12	-	0.69	2.24	0.43
Leasehold Improvements	75.08	74.68	56.63	38.31	5.61

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.