IST:VAKFN 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
Cash & Equivalents	3,869	184.18	3,723	2,737	2,742	779.2
Long-Term Investments	61.1	61.1	233.52	104.56	46.78	26.43
Trading Asset Securities	361.44	4,349	-	626.18	-	-
Loans & Lease Receivables	32,173	31,227	26,694	21,896	10,138	5,426
Other Receivables	-	-	-	559.54	56.23	16.46
Property, Plant & Equipment	325.82	298.45	247.75	158.97	91.75	28.99
Other Intangible Assets	2.43	2.84	2.87	1.12	1.06	0.68
Other Current Assets	212.54	153.11	101.34	148.59	141.03	16.18
Other Long-Term Assets	-	-	-	-	2.38	3.37
Total Assets	37,005	36,275	31,003	26,233	13,220	6,297
Accounts Payable	1,136	617.58	215.3	1,474	331.37	98.25
Accrued Expenses	19.48	20.72	13.01	11.16	6.09	2.93
Short-Term Debt	703.87	330.64	-	730.47	-	21.52
Current Portion of Long-Term Debt	9,679	9,237	15,031	7,146	3,827	2,949
Long-Term Debt	15,618	16,645	8,585	12,998	7,023	2,185
Long-Term Leases	18.13	17.13	226.02	21.84	0.18	40.45
Current Income Taxes Payable	167.44	202.93	344.83	127.13	30.33	33.37
Long-Term Deferred Tax Liabilities	184.23	184.4	160.07	171.45	95.93	11.74
Pension & Post-Retirement Benefits	16.09	11.39	14.56	13.36	9.83	4.79
Other Long-Term Liabilities	-	-	-0	-	9.37	-
Total Liabilities	29,145	28,819	25,272	23,370	11,895	5,594
Common Stock	5,000	5,000	3,500	1,000	600	468.9
Additional Paid-In Capital	19.92	19.92	19.92	1.37	1.37	-
Retained Earnings	2,384	2,149	1,807	1,654	611.25	192.68
Comprehensive Income & Other	455.87	286.65	404.16	207.24	112.33	40.87
Total Common Equity	7,860	7,456	5,731	2,863	1,325	702.44
Shareholders' Equity	7,860	7,456	5,731	2,863	1,325	702.44
Total Liabilities & Equity	37,005	36,275	31,003	26,233	13,220	6,297
Total Debt	26,018	26,230	23,842	20,896	10,851	5,195
Net Cash (Debt)	-21,788	-21,698	-20,119	-17,533	-8,109	-4,416
Net Cash Per Share	-5.16	-4.96	-4.60	-7.01	-3.24	-3.01
Filing Date Shares Outstanding	5,000	5,000	5,000	2,500	2,500	1,423
Total Common Shares Outstanding	5,000	5,000	5,000	2,500	2,500	1,423
Working Capital	23,307	23,952	14,232	15,803	8,322	2,885
Book Value Per Share	1.57	1.49	1.15	1.15	0.53	0.49
Tangible Book Value	7,857	7,453	5,728	2,862	1,324	701.76
Tangible Book Value Per Share	1.57	1.49	1.15	1.14	0.53	0.49

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