IST:RAYSG Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Investments in Equity & Preferred Securities	9.77	8.99	4.36	1.81	1.24	0.89
Other Investments	-	-	-	4.32	-	-
Total Investments	9.77	8.99	4.36	6.13	1.24	0.89
Cash & Equivalents	19,987	20,313	12,293	3,265	1,906	599.1
Other Receivables	9,626	9,279	6,889	3,765	1,875	796.24
Separate Account Assets	4,018	3,190	2,073	1,457	495.36	412.49
Property, Plant & Equipment	1,353	1,350	981.19	766.23	436.57	139.14
Other Intangible Assets	42.53	44.06	53.44	49.34	27.41	22.45
Restricted Cash	3,504	3,379	1,166	584.5	219.5	143
Other Current Assets	3,499	3,261	2,140	967.88	481.34	167.62
Long-Term Deferred Tax Assets	244.61	138.84	19.21	2.34	-	-
Other Long-Term Assets	12.32	71.99	2.96	1.51	0.53	0.01
Total Assets	42,295	41,037	25,623	10,865	5,442	2,281
Accrued Expenses	1,098	1,436	1,164	439.36	328.4	86.17
Insurance & Annuity Liabilities	848.04	749.49	382.12	139.8	75.19	47.09
Unpaid Claims	10,818	9,772	4,130	1,565	563.69	432.34
Unearned Premiums	14,170	16,141	11,806	3,963	2,030	627.92
Reinsurance Payable	5,333	3,627	3,070	2,506	1,368	572.74
Current Portion of Leases	8.17	7.61	0.75	-	3.57	2.77
Current Income Taxes Payable	114.22	-	159.48	26.51	26.57	-
Long-Term Leases	14.82	16.36	1.48	1.41	4.08	3.81
Long-Term Deferred Tax Liabilities	-	-	-	-	29.01	10.44
Other Current Liabilities	490.35	804.47	512.11	193.45	106.4	49.97
Total Liabilities	32,949	32,596	21,254	8,849	4,552	1,841
Common Stock	163.07	163.07	163.07	163.07	163.07	163.07
Additional Paid-In Capital	2.07	2.07	2.07	2.07	2.07	2.07
Retained Earnings	8,137	7,225	3,487	1,275	373.5	193.78
Comprehensive Income & Other	1,044	1,051	716.69	575.18	352.24	80.83
Shareholders' Equity	9,346	8,441	4,369	2,016	890.88	439.74
Total Liabilities & Equity	42,295	41,037	25,623	10,865	5,442	2,281
Filing Date Shares Outstanding	163.07	163.07	163.07	163.07	163.07	163.07
Total Common Shares Outstanding	163.07	163.07	163.07	163.07	163.07	163.07
Total Debt	23	23.96	2.22	1.41	7.64	6.58
Net Cash (Debt)	19,964	20,289	12,291	3,263	1,898	592.52
Net Cash Growth	32.52%	65.07%	276.62%	71.94%	220.33%	-26.25%
Net Cash Per Share	122.43	124.42	75.37	20.01	11.64	3.63
Book Value Per Share	57.31	51.76	26.79	12.36	5.46	2.70
Tangible Book Value	9,304	8,397	4,316	1,966	863.47	417.29
Tangible Book Value Per Share	57.05	51.49	26.47	12.06	5.30	2.56
Land	-	-	-	0	0	0
Buildings	-	-	-	-	408.6	128.44
Machinery	335.07	302.31	229.61	116.99	34.1	13.86