Adese Gayrimenkul Yatirim A.S. (IST:ADESE)

IST:ADESE Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	28.48	20.21	80.76	643.59	374.66	23.94
Short-Term Investments	-	34.94	-	-	-	-
Cash & Short-Term Investments	28.48	55.15	80.76	643.59	374.66	23.94
Cash Growth	-78.33%	-31.70%	-87.45%	71.78%	1465.20%	310.09%
Accounts Receivable	120.62	37.67	78.95	49.56	34.01	9.15
Other Receivables	534.01	212.86	104.81	22.18	0.01	223.18
Receivables	654.64	250.53	183.76	71.74	34.02	232.33
Inventory	4,343	3,666	1,038	341.05	5.22	20.35
Prepaid Expenses	153.28	0.09	-	5.27	0.99	0.5
Other Current Assets	6.48	243.37	170.79	94.11	6.79	3.81
Total Current Assets	5,186	4,215	1,474	1,156	421.68	280.93
Property, Plant & Equipment	632.99	503.96	227.21	75.59	0.86	501.03
Long-Term Investments	74.04	70.33	536.6	200.73	176.94	10.17
Other Intangible Assets	73.74	65.62	70.54	53.11	14.13	14.38
Long-Term Accounts Receivable	-	-	-	1.91	2.21	0.49
Long-Term Deferred Tax Assets	-	45.06	166.68	266.38	0.14	34.54
Other Long-Term Assets	14,542	11,802	11,926	5,753	1,645	711.96
Total Assets	20,508	16,703	14,400	7,506	2,261	1,553
Accounts Payable	394.26	318.82	100.12	16.94	3.51	93.51
Accrued Expenses	6.71	15.38	8.8	9.19	11.12	31.93
Short-Term Debt	353.05	234.32	88.54	-	-	-
Current Portion of Long-Term Debt	-	-	15.17	51.96	33.2	343.66
Current Portion of Leases	56.63	62.67	17.68	0.64	0.75	8.7
Current Income Taxes Payable	33.8	6.12	15.49	-	0.01	-
Current Unearned Revenue	680.78	627.49	19.94	35.77	6.18	2.99
Other Current Liabilities	92.99	40.51	40.7	93.81	7.89	12.94
Total Current Liabilities	1,618	1,305	306.44	208.32	62.66	493.73
Long-Term Debt	-	-	-	14.17	33.65	54.01
Long-Term Leases	118.47	125.16	44.52	0.4	0.47	28.04
Long-Term Unearned Revenue	333.44	284.98	104.99	-	-	-
Pension & Post-Retirement Benefits	13.17	2	1.6	6.56	0.99	5.5
Long-Term Deferred Tax Liabilities	2,458	1,659	2,129	692.65	238.58	187.87
Total Liabilities	4,541	3,376	2,586	922.09	336.36	769.16
Common Stock	1,008	1,008	1,008	1,008	1,008	252
Additional Paid-In Capital	3.57	3.06	3.06	2.12	0.51	0.51
Retained Earnings	5,208	4,344	6,145	2,921	475.98	114.92
Comprehensive Income & Other	5,177	4,202	4,508	2,652	439.84	416.87
Total Common Equity	11,397	9,557	11,664	6,583	1,924	784.3
Minority Interest	4,570	3,770	150.61	1.1	-	0.04
Shareholders' Equity	15,967	13,327	11,814	6,584	1,924	784.33
Total Liabilities & Equity	20,508	16,703	14,400	7,506	2,261	1,553
Total Debt	528.15	422.14	165.91	67.17	68.07	434.42
Net Cash (Debt)	-499.68	-366.99	-85.15	576.42	306.59	-410.48
Net Cash Growth	-	-	-	88.01%	-	-
Net Cash Per Share	-0.10	-0.07	-0.02	0.11	0.06	-0.33
Filing Date Shares Outstanding	5,040	5,040	5,040	5,040	5,040	1,260
Total Common Shares Outstanding	5,040	5,040	5,040	5,040	5,040	1,260
Working Capital	3,567	2,910	1,167	947.44	359.02	-212.8
Book Value Per Share	2.26	1.90	2.31	1.31	0.38	0.62
Tangible Book Value	11,323	9,491	11,593	6,530	1,910	769.92
Tangible Book Value Per Share	2.25	1.88	2.30	1.30	0.38	0.61
Land	-	-	-	-	-	299.32
Buildings	-	95.19	36.47	30.65	-	153.28
Machinery	-	186.95	176.23	45.87	1.7	92.75
Construction In Progress	-	266.77	26.41	-	-	-
Leasehold Improvements	-	7.9	7.9	-	-	18.51

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