IST:NETCD 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	473.09	165.37	66.73	108.68
Cash & Short-Term Investments	473.09	165.37	66.73	108.68
Cash Growth	186.07%	147.82%	-38.60%	-
Accounts Receivable	686.39	570.23	441.17	421.01
Other Receivables	7.36	2.02	1.17	1.32
Receivables	693.75	572.26	442.34	422.32
Inventory	0.32	0.2	0.52	0.66
Prepaid Expenses	8.04	5.82	2.87	2.63
Other Current Assets	10.66	31.64	17.44	13.44
Total Current Assets	1,186	775.3	529.91	547.73
Property, Plant & Equipment	103.67	101.48	91.31	123.78
Long-Term Investments	26.31	12.6	-	-
Goodwill	-	-	-	75.77
Other Intangible Assets	1,618	1,283	1,052	975.49
Long-Term Accounts Receivable	-	-	-	2.38
Other Long-Term Assets	23.68	0.26	0.45	0.68
Total Assets	2,958	2,172	1,674	1,726
Accounts Payable	2	10.36	5.56	6.6
Accrued Expenses	86.59	86.88	64.65	62.53
Short-Term Debt	0	-	75.42	169.6
Current Portion of Long-Term Debt	-	3.18	21.43	53.44
Current Portion of Leases	22.28	23.03	15.81	11.22
Current Income Taxes Payable	-	7.27	5.35	6.28
Current Unearned Revenue	65.14	26.44	39.96	51.25
Other Current Liabilities	17.34	2.67	1.25	1.19
Total Current Liabilities	193.35	159.82	229.43	362.11
Long-Term Debt	-	-	3.99	41.38
Long-Term Leases	19.09	23.29	13.7	13.7
Long-Term Unearned Revenue	-	-	2.99	20.13
Pension & Post-Retirement Benefits	18.28	12.61	9.8	24.26
Other Long-Term Liabilities	-	-	-	114.88
Total Liabilities	230.72	195.72	259.91	576.45
Common Stock	125	125	50	50
Retained Earnings	2,404	1,662	1,096	829.52
Comprehensive Income & Other	197.39	189.52	267.9	269.86
Shareholders' Equity	2,727	1,977	1,414	1,149
Total Liabilities & Equity	2,958	2,172	1,674	1,726
Total Debt	41.36	49.5	130.35	289.33
Net Cash (Debt)	431.72	115.88	-63.62	-180.65
Net Cash Growth	272.58%	-	-	-
Net Cash Per Share	-	1.41	-1.27	-3.61
Filing Date Shares Outstanding	-	125	50	50
Total Common Shares Outstanding	-	125	50	50
Working Capital	992.5	615.48	300.48	185.62
Book Value Per Share	-	15.81	28.28	22.99
Tangible Book Value	1,109	693.92	361.76	98.12
Tangible Book Value Per Share	-	5.55	7.24	1.96
Machinery	-	91.75	85.21	154.37

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