IST:ADEL 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	48.45	659.34	1,146	481.75	342.56	279.35
Short-Term Investments	-	-	189.42	-	-	-
Cash & Short-Term Investments	48.45	659.34	1,336	481.75	342.56	279.35
Cash Growth	-86.91%	-50.64%	177.28%	40.63%	22.63%	1981.42%
Accounts Receivable	1,284	131.21	171.02	92.98	92.57	59.5
Other Receivables	1.2	1.18	9.01	1.88	1.17	0.3
Receivables	1,285	132.38	180.04	94.85	93.74	59.8
Inventory	1,123	789.43	888.8	493.06	113.97	139.75
Prepaid Expenses	17.69	126.23	157.04	46.86	7.65	0.54
Other Current Assets	38.32	84.95	78.05	39.92	34.5	34.4
Total Current Assets	2,513	1,792	2,640	1,156	592.41	513.83
Property, Plant & Equipment	1,094	943.02	999.07	694.73	101.34	106.15
Long-Term Investments	1.56	1.31	1.12	0.06	0.23	0.23
Other Intangible Assets	118.89	88.71	114.06	46.68	11.75	7.99
Long-Term Deferred Tax Assets	68.3	-	34.8	-	1.22	3.97
Other Long-Term Assets	28.61	16.56	10.13	8.21	1.3	2.26
Total Assets	3,824	2,842	3,799	1,906	708.26	634.42
Accounts Payable	179.84	132.96	201.6	95.26	35.9	38.34
Accrued Expenses	61.26	125.04	98.87	52.43	9.67	7.98
Short-Term Debt	1,553	390.08	1,126	802.26	303.39	309.34
Current Portion of Long-Term Debt	424.66	63.91	321.03	12.06	192.34	11.63
Current Portion of Leases	45.57	47.26	56.55	16.28	2.85	3.62
Current Income Taxes Payable	-	-	-	2.21	-	1.37
Current Unearned Revenue	11.34	61.05	229.17	10.48	2.47	0.09
Other Current Liabilities	5.26	6.49	3.33	10.08	1.69	37.08
Total Current Liabilities	2,281	826.79	2,037	1,002	548.31	409.44
Long-Term Debt	-	420	-	11.53	14	67.07
Long-Term Leases	66.6	86.38	102.91	35.03	0.11	2.6
Pension & Post-Retirement Benefits	38.35	35.72	55.6	62.51	14.57	9.92
Long-Term Deferred Tax Liabilities	-	23.96	-	102.47	-	-
Total Liabilities	2,386	1,393	2,195	1,213	576.99	489.03
Common Stock	259.88	259.88	23.63	23.63	23.63	23.63
Retained Earnings	724.59	874.48	1,038	302.96	98.29	125.99
Comprehensive Income & Other	453.78	314.73	541.92	366.1	9.35	-4.23
Shareholders' Equity	1,438	1,449	1,604	692.68	131.27	145.39
Total Liabilities & Equity	3,824	2,842	3,799	1,906	708.26	634.42
Total Debt	2,090	1,008	1,607	877.17	512.69	394.25
Net Cash (Debt)	-2,042	-348.29	-270.71	-395.42	-170.13	-114.91
Net Cash Per Share	-7.86	-1.34	-1.04	-1.52	-0.65	-0.44
Filing Date Shares Outstanding	259.88	259.88	259.88	259.88	259.88	259.88
Total Common Shares Outstanding	259.88	259.88	259.88	259.88	259.88	259.88
Working Capital	231.99	965.55	603.15	154.55	44.1	104.39
Book Value Per Share	5.53	5.58	6.17	2.67	0.51	0.56
Tangible Book Value	1,319	1,360	1,490	646	119.52	137.4
Tangible Book Value Per Share	5.08	5.23	5.73	2.49	0.46	0.53
Land	54.37	43.35	43.35	30.02	1.84	1.85
Buildings	850.47	677.32	928.21	465.62	62.93	62.93
Machinery	1,473	1,218	949.17	834.57	105.48	106.98
Construction In Progress	38.81	26.31	-	35.08	8.5	5.16
Leasehold Improvements	-	-	-	1.5	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.