IST:ADEL Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	395.7	863.02	1,146	481.75	342.56
Short-Term Investments	-	-	189.42	-	-
Cash & Short-Term Investments	395.7	863.02	1,336	481.75	342.56
Cash Growth	-54.15%	-35.39%	177.28%	40.63%	22.63%
Accounts Receivable	153.83	171.74	171.02	92.98	92.57
Other Receivables	0.36	1.54	9.01	1.88	1.17
Receivables	154.19	173.28	180.04	94.85	93.74
Inventory	1,133	1,033	888.8	493.06	113.97
Prepaid Expenses	28.46	165.23	157.04	46.86	7.65
Other Current Assets	97.19	111.2	78.05	39.92	34.5
Total Current Assets	1,808	2,346	2,640	1,156	592.41
Property, Plant & Equipment	1,078	1,234	999.07	694.73	101.34
Long-Term Investments	1.47	1.71	1.12	0.06	0.23
Other Intangible Assets	144.7	116.11	114.06	46.68	11.75
Long-Term Deferred Tax Assets	124.32	-	34.8	-	1.22
Other Long-Term Assets	19.49	21.68	10.13	8.21	1.3
Total Assets	3,176	3,720	3,799	1,906	708.26
Accounts Payable	122.16	174.04	201.6	95.26	35.9
Accrued Expenses	78.75	163.67	98.87	52.43	9.67
Short-Term Debt	1,161	510.58	1,126	802.26	303.39
Current Portion of Long-Term Debt	471.97	83.65	321.03	12.06	192.34
Current Portion of Leases	14.43	61.86	56.55	16.28	2.85
Current Income Taxes Payable	-	-	-	2.21	-
Current Unearned Revenue	26.7	79.91	229.17	10.48	2.47
Other Current Liabilities	5.92	8.5	3.33	10.08	1.69
Total Current Liabilities	1,881	1,082	2,037	1,002	548.31
Long-Term Debt	-	549.75	-	11.53	14
Long-Term Leases	37.38	113.07	102.91	35.03	0.11
Pension & Post-Retirement Benefits	42.79	46.75	55.6	62.51	14.57
Long-Term Deferred Tax Liabilities	-	31.36	-	102.47	-
Total Liabilities	1,961	1,823	2,195	1,213	576.99
Common Stock	259.88	259.88	23.63	23.63	23.63
Retained Earnings	469.03	1,145	1,038	302.96	98.29
Comprehensive Income & Other	486.75	492.24	541.92	366.1	9.35
Shareholders' Equity	1,216	1,897	1,604	692.68	131.27
Total Liabilities & Equity	3,176	3,720	3,799	1,906	708.26
Total Debt	1,684	1,319	1,607	877.17	512.69
Net Cash (Debt)	-1,289	-455.88	-270.71	-395.42	-170.13
Net Cash Per Share	-4.96	-1.75	-1.04	-1.52	-0.65
Filing Date Shares Outstanding	259.88	259.88	259.88	259.88	259.88
Total Common Shares Outstanding	259.88	259.88	259.88	259.88	259.88
Working Capital	-72.04	1,264	603.15	154.55	44.1
Book Value Per Share	4.68	7.30	6.17	2.67	0.51
Tangible Book Value	1,071	1,781	1,490	646	119.52
Tangible Book Value Per Share	4.12	6.85	5.73	2.49	0.46
Land	56.74	56.74	43.35	30.02	1.84
Buildings	1,145	1,223	928.21	465.62	62.93
Machinery	1,256	1,258	949.17	834.57	105.48
Construction In Progress	16.57	34.44	-	35.08	8.5
Leasehold Improvements	-	-	-	1.5	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.