IST:NETCD 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	8.47	165.37	66.73	108.68
Cash & Short-Term Investments	223.67	165.37	66.73	108.68
Cash Growth	-	147.82%	-38.60%	-
Accounts Receivable	651.08	570.23	441.17	421.01
Other Receivables	8.88	2.02	1.17	1.32
Receivables	659.96	572.26	442.34	422.32
Inventory	0.32	0.2	0.52	0.66
Prepaid Expenses	5.16	5.82	2.87	2.63
Other Current Assets	3.74	31.64	17.44	13.44
Total Current Assets	892.84	775.3	529.91	547.73
Property, Plant & Equipment	106.98	101.48	91.31	123.78
Long-Term Investments	11.15	12.6	-	-
Goodwill	-	-	-	75.77
Other Intangible Assets	1,424	1,283	1,052	975.49
Long-Term Accounts Receivable	-	-	-	2.38
Other Long-Term Assets	35.88	0.26	0.45	0.68
Total Assets	2,471	2,172	1,674	1,726
Accounts Payable	5.87	10.36	5.56	6.6
Accrued Expenses	34.99	86.88	64.65	62.53
Short-Term Debt	1.85	-	75.42	169.6
Current Portion of Long-Term Debt	-	3.18	21.43	53.44
Current Portion of Leases	27.37	23.03	15.81	11.22
Current Income Taxes Payable	2.63	7.27	5.35	6.28
Current Unearned Revenue	86.85	26.44	39.96	51.25
Other Current Liabilities	3.41	2.67	1.25	1.19
Total Current Liabilities	162.98	159.82	229.43	362.11
Long-Term Debt	-	-	3.99	41.38
Long-Term Leases	23.45	23.29	13.7	13.7
Long-Term Unearned Revenue	0.82	-	2.99	20.13
Pension & Post-Retirement Benefits	14.52	12.61	9.8	24.26
Other Long-Term Liabilities	-	-	-	114.88
Total Liabilities	201.77	195.72	259.91	576.45
Common Stock	125	125	50	50
Retained Earnings	1,957	1,662	1,096	829.52
Comprehensive Income & Other	187.24	189.52	267.9	269.86
Shareholders' Equity	2,269	1,977	1,414	1,149
Total Liabilities & Equity	2,471	2,172	1,674	1,726
Total Debt	52.67	49.5	130.35	289.33
Net Cash (Debt)	171	115.88	-63.62	-180.65
Net Cash Per Share	1.23	1.41	-1.27	-3.61
Filing Date Shares Outstanding	125	125	50	50
Total Common Shares Outstanding	125	125	50	50
Working Capital	729.86	615.48	300.48	185.62
Book Value Per Share	18.16	15.81	28.28	22.99
Tangible Book Value	845.07	693.92	361.76	98.12
Tangible Book Value Per Share	6.76	5.55	7.24	1.96
Machinery	106.21	91.75	85.21	154.37

Source: S&P Capital IQ. Standard template. Financial Sources.