IST:FORTE 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	240.83	106.05	336.62	90.86	27.56	55.16
Short-Term Investments	-	-	62.69	-	-	-
Cash & Short-Term Investments	240.83	106.05	399.31	90.86	27.56	55.16
Cash Growth	141.75%	-73.44%	339.48%	229.71%	-50.04%	-
Accounts Receivable	417.26	604.02	340.37	313.34	114.84	83.38
Other Receivables	46.44	9.65	-	1.02	0.37	9.79
Receivables	463.7	613.68	340.37	314.36	115.21	93.17
Inventory	430.54	111.96	258.78	173.66	28.17	32.15
Prepaid Expenses	15.45	13.2	13.35	4.12	0.41	0.42
Other Current Assets	502.14	43.17	24.99	25.84	6.94	1.44
Total Current Assets	1,653	888.06	1,037	608.84	178.29	182.33
Property, Plant & Equipment	266.3	122.21	57.42	15.68	2.52	2.4
Long-Term Investments	18.02	11.98	1.02	0.13	-	-
Other Intangible Assets	2,676	321.75	180.81	71.8	11.28	4.84
Long-Term Deferred Tax Assets	-	-	-	-	1.87	0.75
Other Long-Term Assets	81.28	55.43	58.9	1.84	0.29	5.34
Total Assets	4,698	1,399	1,335	698.3	194.25	195.66
Accounts Payable	306.51	458.85	285.64	214.39	107.77	105.92
Accrued Expenses	101.58	26.7	27.15	15.54	3.2	6.16
Short-Term Debt	1,734	0.54	68.1	156.85	0.13	0.05
Current Portion of Long-Term Debt	22.33	76.25	18.43	-	-	-
Current Portion of Leases	11.53	5.2	2.24	3.55	0.69	0.48
Current Income Taxes Payable	1.45	4.25	25.94	10.04	3.45	5.22
Current Unearned Revenue	246.57	4.45	14.07	0.73	1.25	0.03
Other Current Liabilities	63.53	1.49	1.78	3.37	0.53	7.91
Total Current Liabilities	2,488	577.74	443.35	404.47	117.01	125.77
Long-Term Debt	6.17	29.45	17.58	-	-	-
Long-Term Leases	84.15	0.26	0.76	2.46	0.29	0.41
Long-Term Unearned Revenue	-	-	0.42	0.99	-	2.19
Pension & Post-Retirement Benefits	4.73	4.63	3.18	1.86	0.84	0.62
Long-Term Deferred Tax Liabilities	110.75	0.21	1.37	3.15	-	-
Other Long-Term Liabilities	57.68	15.58	12.15	11.82	3.21	4.73
Total Liabilities	2,751	627.87	478.81	424.75	121.35	133.71
Common Stock	67	67	67	45	45	2.4
Additional Paid-In Capital	579.4	461.93	461.93	-	-	-
Retained Earnings	1,048	33.83	124.32	116.73	27.93	50.29
Comprehensive Income & Other	248.77	202.73	202.89	111.82	-0.03	-0.01
Total Common Equity	1,943	765.49	856.14	273.55	72.9	52.68
Minority Interest	4.05	6.06	-	-	-	9.28
Shareholders' Equity	1,947	771.55	856.14	273.55	72.9	61.96
Total Liabilities & Equity	4,698	1,399	1,335	698.3	194.25	195.66
Total Debt	1,858	111.7	107.11	162.87	1.11	0.93
Net Cash (Debt)	-1,617	-5.65	292.2	-72.01	26.45	54.23
Net Cash Growth	-	-	-	-	-51.23%	-
Net Cash Per Share	-23.71	-0.08	5.51	-1.60	1.91	22.60
Filing Date Shares Outstanding	67	67	67	67	13.84	2.4
Total Common Shares Outstanding	67	67	67	45	13.84	2.4
Working Capital	-834.87	310.32	593.45	204.38	61.28	56.55
Book Value Per Share	29.01	11.43	12.78	6.08	5.27	21.95
Tangible Book Value	-732.28	443.75	675.33	201.75	61.62	47.84
Tangible Book Value Per Share	-10.93	6.62	10.08	4.48	4.45	19.93
Machinery	191.1	134.67	64.42	14.13	2.3	1.93
Leasehold Improvements	-	9.6	6.41	4.24	0.7	0.65

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