IST:ADESE 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	88.32	26.46	80.76	643.59	374.66
Short-Term Investments	16.33	45.73	-	-	-
Cash & Short-Term Investments	104.65	72.19	80.76	643.59	374.66
Cash Growth	44.95%	-10.60%	-87.45%	71.78%	1465.20%
Accounts Receivable	171.62	49.3	78.95	49.56	34.01
Other Receivables	72.78	95.15	4.14	22.18	0.01
Receivables	811.59	144.45	83.1	71.74	34.02
Inventory	5,639	4,799	1,038	341.05	5.22
Prepaid Expenses	10.4	3.66	-	5.27	0.99
Other Current Assets	291.46	498.47	271.46	94.11	6.79
Total Current Assets	6,857	5,518	1,474	1,156	421.68
Property, Plant & Equipment	771.28	659.65	227.21	75.59	0.86
Long-Term Investments	79.41	92.06	536.6	200.73	176.94
Other Intangible Assets	79.58	85.9	70.54	53.11	14.13
Long-Term Accounts Receivable	-	-	-	1.91	2.21
Long-Term Deferred Tax Assets	1.5	58.98	166.68	266.38	0.14
Other Long-Term Assets	15,761	15,448	11,926	5,753	1,645
Total Assets	23,549	21,862	14,400	7,506	2,261
Accounts Payable	798.24	417.32	100.12	16.94	3.51
Accrued Expenses	42.25	20.13	8.8	9.19	11.12
Short-Term Debt	53.88	306.7	88.54	-	-
Current Portion of Long-Term Debt	-	-	15.17	51.96	33.2
Current Portion of Leases	55.87	82.03	17.68	0.64	0.75
Current Income Taxes Payable	47.83	8.01	15.49	-	0.01
Current Unearned Revenue	782.24	821.33	19.94	35.77	6.18
Other Current Liabilities	33.38	53.03	40.7	93.81	7.89
Total Current Liabilities	1,814	1,709	306.44	208.32	62.66
Long-Term Debt	-	-	-	14.17	33.65
Long-Term Leases	102.92	163.82	44.52	0.4	0.47
Long-Term Unearned Revenue	340.01	373.01	104.99	-	-
Pension & Post-Retirement Benefits	4.37	2.61	1.6	6.56	0.99
Long-Term Deferred Tax Liabilities	3,174	2,171	2,129	692.65	238.58
Total Liabilities	5,435	4,419	2,586	922.09	336.36
Common Stock	5,040	1,008	1,008	1,008	1,008
Additional Paid-In Capital	4	4	3.06	2.12	0.51
Retained Earnings	5,845	5,686	6,145	2,921	475.98
Comprehensive Income & Other	1,882	5,811	4,508	2,652	439.84
Total Common Equity	12,772	12,509	11,664	6,583	1,924
Minority Interest	5,342	4,934	150.61	1.1	-
Shareholders' Equity	18,114	17,443	11,814	6,584	1,924
Total Liabilities & Equity	23,549	21,862	14,400	7,506	2,261
Total Debt	212.67	552.55	165.91	67.17	68.07
Net Cash (Debt)	-108.02	-480.36	-85.15	576.42	306.59
Net Cash Growth	-	-	-	88.01%	-
Net Cash Per Share	-0.02	-0.10	-0.02	0.11	0.06
Filing Date Shares Outstanding	5,040	5,040	5,040	5,040	5,040
Total Common Shares Outstanding	5,040	5,040	5,040	5,040	5,040
Working Capital	5,043	3,809	1,167	947.44	359.02
Book Value Per Share	2.53	2.48	2.31	1.31	0.38
Tangible Book Value	12,692	12,423	11,593	6,530	1,910
Tangible Book Value Per Share	2.52	2.46	2.30	1.30	0.38
Buildings	125.94	124.6	36.47	30.65	-
Machinery	237.25	244.7	176.23	45.87	1.7
Construction In Progress	495.84	349.18	26.41	-	-
Leasehold Improvements	10.35	10.35	7.9	-	-

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