IST:VANGD 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	FY 2021
Period Ending	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	0.06	6.1	0.31	0.19	0.6
Trading Asset Securities	0.01	0.01	3.8	4.78	0.01
Cash & Short-Term Investments	0.06	6.11	4.11	4.97	0.61
Cash Growth	-98.97%	48.57%	-17.26%	721.06%	-22.70%
Accounts Receivable	17.35	17.4	12.1	4.24	1.18
Other Receivables	1.05	2.95	-	12.13	10.12
Receivables	18.4	20.35	12.1	16.37	11.3
Prepaid Expenses	0.2	0.1	0.06	0.08	0.02
Other Current Assets	1.65	0.86	3.96	0.07	0.05
Total Current Assets	20.32	27.41	20.24	21.5	11.97
Property, Plant & Equipment	13.47	15.14	5.12	4.09	1.33
Long-Term Investments	-	-	-	-	0.07
Other Intangible Assets	0.05	0.06	0.05	0.04	0
Other Long-Term Assets	538.39	249.95	201.89	173.48	46.14
Total Assets	572.23	292.56	227.3	199.11	59.52
Accounts Payable	10.67	13.66	3.41	1.22	0.31
Accrued Expenses	0.35	0.1	0.15	0.17	0.16
Current Income Taxes Payable	-	-	-	0.12	0.01
Current Unearned Revenue	0.01	-	-	-	-
Other Current Liabilities	0.07	0.09	3.17	-0.06	0.16
Total Current Liabilities	11.1	13.85	6.73	1.45	0.65
Pension & Post-Retirement Benefits	0.27	0.17	0.07	0.11	0.01
Long-Term Deferred Tax Liabilities	90.03	31.5	22.64	24.99	7.82
Other Long-Term Liabilities	-	-	-	-	0.01
Total Liabilities	101.4	45.53	29.44	26.56	8.48
Common Stock	25	25	25	25	25
Additional Paid-In Capital	154.23	154.23	117.83	81.61	8.29
Retained Earnings	244.57	20.71	-268.43	-150.36	6.26
Comprehensive Income & Other	47.01	47.1	323.45	216.3	11.49
Total Common Equity	470.82	247.04	197.85	172.56	51.03
Shareholders' Equity	470.82	247.04	197.85	172.56	51.03
Total Liabilities & Equity	572.23	292.56	227.3	199.11	59.52
Net Cash (Debt)	0.06	6.11	4.11	4.97	0.61
Net Cash Growth	-98.97%	48.57%	-17.26%	721.06%	-22.70%
Net Cash Per Share	0.00	0.24	0.16	0.20	0.02
Filing Date Shares Outstanding	25	25	25	25	25
Total Common Shares Outstanding	25	25	25	25	25
Working Capital	9.21	13.56	13.51	20.05	11.32
Book Value Per Share	18.83	9.88	7.91	6.90	2.04
Tangible Book Value	470.77	246.98	197.8	172.51	51.03
Tangible Book Value Per Share	18.83	9.88	7.91	6.90	2.04
Machinery	575.36	574.74	437.3	302.7	21.8
Leasehold Improvements	-	-	-	-	0.06

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.