FRA:EF41 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	42,419	54,233	59,588	39,327	10,260	8,525
Short-Term Investments	1,738	0.11	443.25	1,035	11.58	23.16
Cash & Short-Term Investments	44,157	54,233	60,031	40,362	10,272	8,548
Cash Growth	-16.26%	-9.66%	48.73%	292.93%	20.17%	37.98%
Accounts Receivable	37,080	21,785	22,207	12,990	5,117	2,745
Other Receivables	1,263	1,258	652.31	1,278	151.75	158.45
Receivables	38,342	23,043	22,859	14,267	5,269	2,903
Inventory	24,298	30,209	35,918	23,546	5,903	2,709
Prepaid Expenses	7,094	5,087	4,172	2,170	568.75	405.9
Restricted Cash	282.03	226.44	99.28	218	62.07	15.39
Other Current Assets	6,983	8,498	7,046	5,264	2,589	1,141
Total Current Assets	121,156	121,297	130,126	85,826	24,664	15,723
Property, Plant & Equipment	91,923	84,343	86,132	58,375	21,728	12,919
Long-Term Investments	52,944	38.13	16.42	452.81	0.82	0.8
Goodwill	9,294	13,822	18,163	16,435	6,507	3,299
Other Intangible Assets	119,352	118,204	134,929	101,263	30,162	17,168
Long-Term Accounts Receivable	2.08	0.3	1.88	3.15	-	1.79
Long-Term Deferred Tax Assets	11,700	9,468	8,771	4,030	2,032	942.31
Other Long-Term Assets	6,066	5,049	4,790	1,859	419.48	507.63
Total Assets	412,436	352,221	382,930	268,245	85,513	50,561
Accounts Payable	44,032	49,518	47,731	33,009	12,634	6,196
Accrued Expenses	9,953	11,443	10,812	8,017	2,872	1,407
Short-Term Debt	30,711	22,824	16,001	12,217	2,679	2,327
Current Portion of Long-Term Debt	11,836	8,277	15,976	6,887	3,701	544.44
Current Portion of Leases	1,180	945.07	924.27	454.49	94.45	112.56
Current Income Taxes Payable	2,127	765.36	853.67	451.54	178.83	127.95
Current Unearned Revenue	1,122	740.9	1,119	650.73	164.97	130.98
Other Current Liabilities	14,508	12,812	19,917	7,572	2,197	1,695
Total Current Liabilities	115,470	107,327	113,334	69,259	24,521	12,542
Long-Term Debt	53,027	45,051	50,840	41,314	14,362	8,922
Long-Term Leases	2,096	1,585	1,540	1,036	409.49	257.91
Long-Term Unearned Revenue	0.64	0.4	64.26	90.82	14.7	7.53
Pension & Post-Retirement Benefits	1,737	1,354	1,556	1,433	348.64	231.52
Long-Term Deferred Tax Liabilities	25,535	27,118	27,932	19,465	5,292	3,257
Other Long-Term Liabilities	1,919	18.26	146.94	921.42	1,232	327.89
Total Liabilities	199,785	182,454	195,414	133,519	46,180	25,547
Common Stock	5,921	592.11	592.11	592.11	592.11	592.11
Additional Paid-In Capital	2,609	2,080	2,080	1,441	204.02	1,365
Retained Earnings	139,633	102,749	89,355	45,319	7,442	6,401
Comprehensive Income & Other	-46,876	-21,380	1,180	17,181	10,477	4,448
Total Common Equity	101,287	84,041	93,208	64,533	18,715	12,806
Minority Interest	111,365	85,726	94,309	70,193	20,617	12,209
Shareholders' Equity	212,652	169,767	187,516	134,725	39,332	25,015
Total Liabilities & Equity	412,436	352,221	382,930	268,245	85,513	50,561
Total Debt	98,851	78,683	85,282	61,909	21,246	12,165
Net Cash (Debt)	-54,694	-24,450	-25,251	-21,547	-10,974	-3,617
Net Cash Per Share	-9.24	-4.13	-4.26	-3.64	-1.85	-0.61
Filing Date Shares Outstanding	5,921	5,921	5,921	5,921	5,921	5,921
Total Common Shares Outstanding	5,921	5,921	5,921	5,921	5,921	5,921
Working Capital	5,686	13,970	16,792	16,567	142.47	3,180
Book Value Per Share	17.11	14.19	15.74	10.90	3.16	2.16
Tangible Book Value	-27,359	-47,985	-59,885	-53,166	-17,954	-7,661
Tangible Book Value Per Share	-4.62	-8.10	-10.11	-8.98	-3.03	-1.29
Land	-	6,680	7,604	4,650	1,308	799.31
Buildings	-	34,785	37,496	27,251	7,753	4,483
Machinery	-	87,272	97,647	71,061	22,002	12,200
Construction In Progress	-	8,046	6,930	3,119	1,521	605.56
Leasehold Improvements	-	497.27	496.33	336.55	37.85	34.42

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