IST:VAKFN 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	1,010	3,723	2,737	2,742	779.2	118.72
Long-Term Investments	233.52	233.52	104.56	46.78	26.43	25.62
Trading Asset Securities	5,278	-	626.18	-	-	-
Loans & Lease Receivables	28,495	26,694	21,896	10,138	5,426	3,525
Other Receivables	-	-	559.54	56.23	16.46	6.06
Property, Plant & Equipment	242.6	247.75	158.97	91.75	28.99	24.6
Other Intangible Assets	2.63	2.87	1.12	1.06	0.68	0.97
Other Current Assets	160.34	101.34	148.59	141.03	16.18	10.74
Other Long-Term Assets	-	-	-	2.38	3.37	0.69
Total Assets	35,422	31,003	26,233	13,220	6,297	3,712
Accounts Payable	267.81	215.3	1,474	331.37	98.25	29.71
Accrued Expenses	16.48	13.01	11.16	6.09	2.93	1.65
Short-Term Debt	-	-	730.47	-	21.52	51.62
Current Portion of Long-Term Debt	9,429	15,031	7,146	3,827	2,949	2,024
Long-Term Debt	17,449	8,585	12,998	7,023	2,185	1,068
Long-Term Leases	7.38	226.02	21.84	0.18	40.45	23.43
Current Income Taxes Payable	209.05	344.83	127.13	30.33	33.37	16.67
Long-Term Deferred Tax Liabilities	159.77	160.07	171.45	95.93	11.74	8.3
Pension & Post-Retirement Benefits	11.94	14.56	13.36	9.83	4.79	3.41
Other Long-Term Liabilities	217.09	-	-	9.37	-	-
Total Liabilities	28,813	25,272	23,370	11,895	5,594	3,357
Common Stock	5,000	3,500	1,000	600	468.9	200
Additional Paid-In Capital	19.92	19.92	1.37	1.37	-	-
Retained Earnings	1,188	1,807	1,654	611.25	192.68	114.61
Comprehensive Income & Other	401.4	404.16	207.24	112.33	40.87	40.55
Total Common Equity	6,609	5,731	2,863	1,325	702.44	355.16
Shareholders' Equity	6,609	5,731	2,863	1,325	702.44	355.16
Total Liabilities & Equity	35,422	31,003	26,233	13,220	6,297	3,712
Total Debt	26,885	23,842	20,896	10,851	5,195	3,167
Net Cash (Debt)	-20,597	-20,119	-17,533	-8,109	-4,416	-3,048
Net Cash Per Share	-5.52	-6.81	-7.01	-3.24	-3.01	-2.44
Filing Date Shares Outstanding	5,000	5,000	2,500	2,500	1,423	1,250
Total Common Shares Outstanding	5,000	5,000	2,500	2,500	1,423	1,250
Working Capital	23,975	14,232	15,803	8,322	2,885	1,406
Book Value Per Share	1.32	1.15	1.15	0.53	0.49	0.28
Tangible Book Value	6,606	5,728	2,862	1,324	701.76	354.19
Tangible Book Value Per Share	1.32	1.15	1.14	0.53	0.49	0.28

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