IST:MARKA 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	0.09	1.31	1.63	1.07	1.93
Cash & Short-Term Investments	0.09	1.31	1.63	1.07	1.93
Cash Growth	-93.11%	-20.07%	52.45%	-44.49%	166.78%
Accounts Receivable	13.18	33.37	92.59	52.27	14.47
Other Receivables	49.73	143.26	46.5	14.65	0.18
Receivables	62.91	187.64	139.09	66.92	14.65
Inventory	18.8	-	14.75	11.3	2.06
Prepaid Expenses	4.53	3.04	1.41	3.48	0.74
Other Current Assets	1.76	4.09	3.88	18.2	14.12
Total Current Assets	88.09	196.07	160.75	100.97	33.49
Property, Plant & Equipment	29.81	27.16	34.65	24.71	5.34
Long-Term Investments	0.28	1.47	1.78	0.1	0.43
Goodwill	-	48.38	48.38	32.11	6.7
Other Intangible Assets	202.96	4.36	2.63	1.92	0.04
Long-Term Deferred Tax Assets	10.3	3.32	5.05	1.3	2.14
Other Long-Term Assets	-	0.16	1.14	1.45	3.54
Total Assets	331.43	280.93	254.4	162.56	51.68
Accounts Payable	70.82	16.42	9.25	0.69	0.47
Accrued Expenses	3.79	30.08	10.76	10.77	4.71
Short-Term Debt	-	0.06	0.1	0.21	0.02
Current Portion of Leases	-	-	-	0.65	0.46
Current Income Taxes Payable	20.8	2.89	-	-	-
Current Unearned Revenue	3.41	11.28	59.37	0.57	0.08
Other Current Liabilities	47.52	27.1	69.21	65.58	35.04
Total Current Liabilities	146.34	87.82	148.68	78.47	40.78
Long-Term Leases	-	-	-	-	0.39
Pension & Post-Retirement Benefits	0.76	3.46	4.26	3.32	0.71
Total Liabilities	147.1	91.28	152.95	81.79	41.88
Common Stock	20.99	20.99	20.99	20.99	20.99
Additional Paid-In Capital	6.99	5.34	5.34	2.24	2.24
Retained Earnings	-160.72	-74.25	-161.55	-98.83	-13.07
Comprehensive Income & Other	317.27	237.27	236.43	157.03	-0.07
Total Common Equity	184.52	189.35	101.2	81.43	10.1
Minority Interest	-0.18	0.3	0.25	-0.66	-0.3
Shareholders' Equity	184.34	189.64	101.45	80.77	9.79
Total Liabilities & Equity	331.43	280.93	254.4	162.56	51.68
Total Debt	-	0.06	0.1	0.86	0.87
Net Cash (Debt)	0.09	1.24	1.53	0.21	1.06
Net Cash Growth	-92.77%	-18.76%	634.62%	-80.29%	46.14%
Net Cash Per Share	0.00	0.06	0.07	0.01	0.05
Filing Date Shares Outstanding	21.45	20.99	20.99	20.99	20.99
Total Common Shares Outstanding	21.45	20.99	20.99	20.99	20.99
Working Capital	-58.25	108.25	12.07	22.5	-7.28
Book Value Per Share	8.60	9.02	4.82	3.88	0.48
Tangible Book Value	-18.44	136.6	50.19	47.4	3.35
Tangible Book Value Per Share	-0.86	6.51	2.39	2.26	0.16
Machinery	-	25.38	35.54	26.36	3.28
Construction In Progress	-	-	-	-	1.89
Leasehold Improvements	-	19.49	16.54	10.97	1.29

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