IST:ADESE Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	394.28	88.32	26.46	80.76	643.59	374.66
Short-Term Investments	74.33	16.33	45.73	-	-	-
Cash & Short-Term Investments	468.61	104.65	72.19	80.76	643.59	374.66
Cash Growth	2392.19%	44.95%	-10.60%	-87.45%	71.78%	1465.20%
Accounts Receivable	311.73	171.62	49.3	78.95	49.56	34.01
Other Receivables	5.04	72.78	95.15	4.14	22.18	0.01
Receivables	316.77	811.59	144.45	83.1	71.74	34.02
Inventory	6,101	5,639	4,799	1,038	341.05	5.22
Prepaid Expenses	147.09	10.4	3.66	-	5.27	0.99
Other Current Assets	180.66	291.46	498.47	271.46	94.11	6.79
Total Current Assets	7,214	6,857	5,518	1,474	1,156	421.68
Property, Plant & Equipment	846.07	771.28	659.65	227.21	75.59	0.86
Long-Term Investments	78.12	79.41	92.06	536.6	200.73	176.94
Other Intangible Assets	85.84	79.58	85.9	70.54	53.11	14.13
Long-Term Accounts Receivable	-	-	-	-	1.91	2.21
Long-Term Deferred Tax Assets	3.53	1.5	58.98	166.68	266.38	0.14
Other Long-Term Assets	17,337	15,761	15,448	11,926	5,753	1,645
Total Assets	25,565	23,549	21,862	14,400	7,506	2,261
Accounts Payable	327.04	798.24	417.32	100.12	16.94	3.51
Accrued Expenses	8.62	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	59.73	-	-	15.17	51.96	33.2
Current Portion of Leases	-	55.87	82.03	17.68	0.64	0.75
Current Income Taxes Payable	19.51	47.83	8.01	15.49	-	0.01
Current Unearned Revenue	1,050	782.24	821.33	19.94	35.77	6.18
Other Current Liabilities	156.46	33.38	53.03	40.7	93.81	7.89
Total Current Liabilities	1,622	1,814	1,709	306.44	208.32	62.66
Long-Term Debt	91.72	-	-	-	14.17	33.65
Long-Term Leases	-	102.92	163.82	44.52	0.4	0.47
Long-Term Unearned Revenue	415.61	340.01	373.01	104.99	-	-
Pension & Post-Retirement Benefits	5.3	4.37	2.61	1.6	6.56	0.99
Long-Term Deferred Tax Liabilities	3,744	3,174	2,171	2,129	692.65	238.58
Total Liabilities	5,879	5,435	4,419	2,586	922.09	336.36
Common Stock	5,040	5,040	1,008	1,008	1,008	1,008
Additional Paid-In Capital	4.4	4	4	3.06	2.12	0.51
Retained Earnings	6,274	5,845	5,686	6,145	2,921	475.98
Comprehensive Income & Other	2,577	1,882	5,811	4,508	2,652	439.84
Total Common Equity	13,895	12,772	12,509	11,664	6,583	1,924
Minority Interest	5,792	5,342	4,934	150.61	1.1	-
Shareholders' Equity	19,687	18,114	17,443	11,814	6,584	1,924
Total Liabilities & Equity	25,565	23,549	21,862	14,400	7,506	2,261
Total Debt	151.45	212.67	552.55	165.91	67.17	68.07
Net Cash (Debt)	317.15	-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	5,593	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	13,809	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	-	-