FRA:TUL1 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	122,347	68,934	72,159	42,776	18,629	11,861
Short-Term Investments	10,895	3,307	-	1,234	55.33	701.97
Trading Asset Securities	6,398	5,617	13,683	9,997	-	-
Cash & Short-Term Investments	139,640	77,858	85,842	54,007	18,684	12,563
Cash Growth	55.54%	-9.30%	58.95%	189.06%	48.73%	18.63%
Accounts Receivable	38,159	29,053	29,065	19,620	7,527	6,341
Other Receivables	-	590.36	988.12	1,012	542.28	283.26
Receivables	38,159	29,643	30,053	20,632	8,069	6,624
Inventory	818.86	674.61	780.38	494.99	260.54	203.72
Prepaid Expenses	-	2,156	1,546	753.82	174.64	211.8
Other Current Assets	7,290	3,361	29,834	1,425	2,323	981.36
Total Current Assets	185,908	113,693	148,055	77,313	29,512	20,583
Property, Plant & Equipment	162,452	114,800	105,088	79,549	20,986	16,283
Long-Term Investments	28,414	23,108	9,409	7,277	2,055	103.93
Goodwill	738.73	588.96	588.96	419.75	48.42	40.01
Other Intangible Assets	98,040	81,283	83,889	61,079	14,613	12,328
Long-Term Accounts Receivable	758.46	860.19	1,474	1,073	461.51	426.28
Long-Term Deferred Tax Assets	8,085	2,538	1,630	2,732	1,800	836.61
Other Long-Term Assets	7,023	7,405	6,602	5,547	1,206	897.52
Total Assets	491,419	344,276	356,736	234,989	70,683	51,498
Accounts Payable	32,633	21,319	19,098	11,763	4,677	3,504
Accrued Expenses	-	10,274	7,906	5,175	1,939	1,303
Short-Term Debt	-	17,536	22,620	16,289	3,870	2,553
Current Portion of Long-Term Debt	59,597	33,324	14,002	9,824	4,086	2,103
Current Portion of Leases	3,062	1,045	1,114	1,439	893.06	577.17
Current Income Taxes Payable	1,360	1,121	308.07	401.2	241.69	134.18
Current Unearned Revenue	2,921	2,030	2,253	1,616	570.43	431.99
Other Current Liabilities	6,394	4,185	16,045	1,969	815.04	960.17
Total Current Liabilities	105,967	90,834	83,347	48,476	17,091	11,565
Long-Term Debt	106,500	48,658	81,272	57,590	25,917	14,832
Long-Term Leases	12,122	3,778	2,391	3,595	2,013	1,522
Long-Term Unearned Revenue	2,522	2,366	1,848	1,257	176.28	186.94
Pension & Post-Retirement Benefits	3,724	3,032	2,963	2,949	614.61	381.92
Long-Term Deferred Tax Liabilities	12,721	5,250	3,301	8,991	928.55	1,338
Other Long-Term Liabilities	4,834	3,393	5,133	2,753	1,380	887.81
Total Liabilities	248,390	157,309	180,255	125,611	48,120	30,713
Common Stock	58,556	2,200	2,200	2,200	2,148	2,148
Additional Paid-In Capital	52.6	41.94	11.09	7.68	35.3	35.3
Retained Earnings	227,426	177,552	161,473	101,771	21,846	19,401
Treasury Stock	-1,638	-1,328	-1,070	-710.77	-128.06	-147.91
Comprehensive Income & Other	-41,367	8,500	13,886	6,104	-1,339	-651.36
Total Common Equity	243,029	186,967	176,500	109,372	22,562	20,785
Minority Interest	-	-	-18.7	6.42	0.25	0.17
Shareholders' Equity	243,029	186,967	176,481	109,378	22,562	20,785
Total Liabilities & Equity	491,419	344,276	356,736	234,989	70,683	51,498
Total Debt	181,281	104,340	121,400	88,737	36,778	21,586
Net Cash (Debt)	-41,641	-26,482	-35,558	-34,730	-18,094	-9,024
Net Cash Per Share	-19.09	-12.14	-16.30	-15.91	-8.29	-4.13
Filing Date Shares Outstanding	2,176	2,178	2,194	2,183	2,198	2,170
Total Common Shares Outstanding	2,176	2,178	2,194	2,183	2,198	2,170
Working Capital	79,941	22,859	64,708	28,837	12,420	9,018
Book Value Per Share	111.67	85.84	80.45	50.10	10.27	9.58
Tangible Book Value	144,251	105,094	92,022	47,873	7,900	8,417
Tangible Book Value Per Share	66.28	48.25	41.94	21.93	3.59	3.88
Land	30,855	20,939	16,555	10,002	1,720	1,485
Machinery	25,013	293,639	280,568	200,691	35,564	25,924
Construction In Progress	6,650	5,017	3,521	3,820	810.57	681.3
Leasehold Improvements	7,067	5,559	5,464	3,741	329.76	342.09

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