IST:ADESE 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	27.97	20.21	80.76	643.59	374.66	23.94
Short-Term Investments	-	34.94	-	-	-	-
Cash & Short-Term Investments	27.97	55.15	80.76	643.59	374.66	23.94
Cash Growth	-75.28%	-31.70%	-87.45%	71.78%	1465.20%	310.09%
Accounts Receivable	142.16	37.67	78.95	49.56	34.01	9.15
Other Receivables	669.27	212.86	104.81	22.18	0.01	223.18
Receivables	811.43	250.53	183.76	71.74	34.02	232.33
Inventory	4,633	3,666	1,038	341.05	5.22	20.35
Prepaid Expenses	154.83	0.09	-	5.27	0.99	0.5
Other Current Assets	6.97	243.37	170.79	94.11	6.79	3.81
Total Current Assets	5,635	4,215	1,474	1,156	421.68	280.93
Property, Plant & Equipment	748.1	503.96	227.21	75.59	0.86	501.03
Long-Term Investments	94.65	70.33	536.6	200.73	176.94	10.17
Other Intangible Assets	77.76	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	15,522	11,802	11,926	5,753	1,645	711.96
Total Assets	22,077	16,703	14,400	7,506	2,261	1,553
Accounts Payable	405.28	318.82	100.12	16.94	3.51	93.51
Accrued Expenses	6.62	15.38	8.8	9.19	11.12	31.93
Short-Term Debt	511.29	234.32	88.54	-	-	-
Current Portion of Long-Term Debt	-	-	15.17	51.96	33.2	343.66
Current Portion of Leases	50.01	62.67	17.68	0.64	0.75	8.7
Current Income Taxes Payable	3.49	6.12	15.49	-	0.01	-
Current Unearned Revenue	716.01	627.49	19.94	35.77	6.18	2.99
Other Current Liabilities	66.72	40.51	40.7	93.81	7.89	12.94
Total Current Liabilities	1,759	1,305	306.44	208.32	62.66	493.73
Long-Term Debt	-	-	-	14.17	33.65	54.01
Long-Term Leases	106.16	125.16	44.52	0.4	0.47	28.04
Long-Term Unearned Revenue	335.49	284.98	104.99	-	-	-
Pension & Post-Retirement Benefits	3.98	2	1.6	6.56	0.99	5.5
Long-Term Deferred Tax Liabilities	2,806	1,659	2,129	692.65	238.58	187.87
Total Liabilities	5,011	3,376	2,586	922.09	336.36	769.16
Common Stock	5,040	1,008	1,008	1,008	1,008	252
Additional Paid-In Capital	3.83	3.06	3.06	2.12	0.51	0.51
Retained Earnings	5,511	4,344	6,145	2,921	475.98	114.92
Comprehensive Income & Other	1,636	4,202	4,508	2,652	439.84	416.87
Total Common Equity	12,191	9,557	11,664	6,583	1,924	784.3
Minority Interest	4,876	3,770	150.61	1.1	-	0.04
Shareholders' Equity	17,067	13,327	11,814	6,584	1,924	784.33
Total Liabilities & Equity	22,077	16,703	14,400	7,506	2,261	1,553
Total Debt	667.45	422.14	165.91	67.17	68.07	434.42
Net Cash (Debt)	-639.48	-366.99	-85.15	576.42	306.59	-410.48
Net Cash Growth	-	-	-	88.01%	-	-
Net Cash Per Share	-0.13	-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	3,875	2,910	1,167	947.44	359.02	-212.8
Book Value Per Share	2.42	1.90	2.31	1.31	0.38	0.62
Tangible Book Value	12,113	9,491	11,593	6,530	1,910	769.92
Tangible Book Value Per Share	2.40	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 Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.