IST:MARKA Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	0.13	1.31	1.63	1.07	1.93	0.72
Cash & Short-Term Investments	0.13	1.31	1.63	1.07	1.93	0.72
Cash Growth	-86.07%	-20.07%	52.45%	-44.49%	166.78%	594.19%
Accounts Receivable	23.53	33.37	92.59	52.27	14.47	10.48
Other Receivables	74.63	143.26	46.5	14.65	0.18	3.38
Receivables	109.15	187.64	139.09	66.92	14.65	13.85
Inventory	18.53	-	14.75	11.3	2.06	-
Prepaid Expenses	2.93	3.04	1.41	3.48	0.74	-
Other Current Assets	10.51	4.09	3.88	18.2	14.12	21.79
Total Current Assets	141.24	196.07	160.75	100.97	33.49	36.37
Property, Plant & Equipment	29.39	27.16	34.65	24.71	5.34	0.41
Long-Term Investments	0.28	1.47	1.78	0.1	0.43	0.02
Goodwill	60.69	48.38	48.38	32.11	6.7	-
Other Intangible Assets	133.85	4.36	2.63	1.92	0.04	0.03
Long-Term Deferred Tax Assets	3.61	3.32	5.05	1.3	2.14	0.92
Other Long-Term Assets	-	0.16	1.14	1.45	3.54	-
Total Assets	369.06	280.93	254.4	162.56	51.68	37.74
Accounts Payable	76.48	16.42	9.25	0.69	0.47	0.27
Accrued Expenses	46.71	30.08	10.76	10.77	4.71	3.29
Short-Term Debt	0.02	0.06	0.1	0.21	0.02	-
Current Portion of Leases	-	-	-	0.65	0.46	-
Current Income Taxes Payable	-	2.89	-	-	-	0.51
Current Unearned Revenue	0.95	11.28	59.37	0.57	0.08	0.04
Other Current Liabilities	18	27.1	69.21	65.58	35.04	19.05
Total Current Liabilities	142.17	87.82	148.68	78.47	40.78	23.16
Long-Term Leases	-	-	-	-	0.39	-
Pension & Post-Retirement Benefits	3.31	3.46	4.26	3.32	0.71	0.01
Total Liabilities	145.48	91.28	152.95	81.79	41.88	23.17
Common Stock	20.99	20.99	20.99	20.99	20.99	20.99
Additional Paid-In Capital	6.7	5.34	5.34	2.24	2.24	2.24
Retained Earnings	-108.88	-74.25	-161.55	-98.83	-13.07	-8.6
Comprehensive Income & Other	304.41	237.27	236.43	157.03	-0.07	-
Total Common Equity	223.22	189.35	101.2	81.43	10.1	14.63
Minority Interest	0.36	0.3	0.25	-0.66	-0.3	-0.06
Shareholders' Equity	223.58	189.64	101.45	80.77	9.79	14.57
Total Liabilities & Equity	369.06	280.93	254.4	162.56	51.68	37.74
Total Debt	0.02	0.06	0.1	0.86	0.87	-
Net Cash (Debt)	0.11	1.24	1.53	0.21	1.06	0.72
Net Cash Growth	-87.05%	-18.76%	634.62%	-80.29%	46.14%	-
Net Cash Per Share	0.01	0.06	0.07	0.01	0.05	0.03
Filing Date Shares Outstanding	20.99	20.99	20.99	20.99	20.99	20.99
Total Common Shares Outstanding	20.99	20.99	20.99	20.99	20.99	20.99
Working Capital	-0.93	108.25	12.07	22.5	-7.28	13.21
Book Value Per Share	10.63	9.02	4.82	3.88	0.48	0.70
Tangible Book Value	28.68	136.6	50.19	47.4	3.35	14.6
Tangible Book Value Per Share	1.37	6.51	2.39	2.26	0.16	0.70
Machinery	30.35	25.38	35.54	26.36	3.28	0.67
Construction In Progress	-	-	-	-	1.89	-
Leasehold Improvements	24.45	19.49	16.54	10.97	1.29	0.38

Source: S&P Global Market Intelligence. Standard template. Financial Sources.