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	172.58	66.73	108.68
Cash & Short-Term Investments	473.09	172.58	66.73	108.68
Cash Growth	174.13%	158.61%	-38.60%	-
Accounts Receivable	686.39	595.07	441.17	421.01
Other Receivables	17.9	34.78	-	-
Receivables	704.29	629.85	441.17	421.01
Inventory	0.32	0.21	0.52	0.66
Prepaid Expenses	7.77	6.08	-	-
Other Current Assets	0.39	0.35	20.89	17.38
Total Current Assets	1,186	809.07	529.31	547.73
Property, Plant & Equipment	103.67	105.9	91.31	123.78
Long-Term Investments	26.31	13.15	-	-
Other Intangible Assets	1,618	1,339	1,052	975.49
Other Long-Term Assets	23.68	0.27	1.05	78.83
Total Assets	2,958	2,267	1,674	1,726
Accounts Payable	2	10.81	5.56	6.6
Accrued Expenses	99.97	98.24	64.63	62.53
Short-Term Debt	0	-	75.42	169.6
Current Portion of Long-Term Debt	-	3.31	21.43	53.44
Current Portion of Leases	22.28	24.04	15.81	11.22
Current Unearned Revenue	65.14	27.59	32.46	44.07
Other Current Liabilities	3.96	2.79	14.13	14.65
Total Current Liabilities	193.35	166.78	229.43	362.11
Long-Term Debt	-	-	3.99	41.38
Long-Term Leases	19.09	24.31	13.7	13.7
Pension & Post-Retirement Benefits	18.28	13.16	-	-
Other Long-Term Liabilities	-	-	12.79	159.27
Total Liabilities	230.72	204.24	259.91	576.45
Common Stock	125	125	50	50
Retained Earnings	2,404	1,734	1,096	829.52
Comprehensive Income & Other	197.39	203.22	267.9	269.86
Shareholders' Equity	2,727	2,063	1,414	1,149
Total Liabilities & Equity	2,958	2,267	1,674	1,726
Total Debt	41.36	51.66	130.35	289.33
Net Cash (Debt)	431.72	120.92	-63.62	-180.65
Net Cash Growth	257.03%	-	-	-
Net Cash Per Share	3.45	1.47	-	-
Filing Date Shares Outstanding	125	179.86	-	-
Total Common Shares Outstanding	125	179.86	-	-
Working Capital	992.5	642.29	299.88	185.62
Book Value Per Share	21.81	11.47	-	-
Tangible Book Value	1,109	724.14	361.76	173.89
Tangible Book Value Per Share	8.87	4.03	-	-
Machinery	89.36	95.75	-	-

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