IST:ALFAS 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	1,180	975.13	1,171	1,487	1,353	123.14
Trading Asset Securities	-	104.04	251.67	580.79	54.95	-
Accounts Receivable	1,350	1,187	932.21	245.45	99.39	51.68
Other Receivables	74.48	39.12	121.29	211.79	83.09	39.23
Inventory	3,702	2,837	2,309	2,631	1,206	176.47
Prepaid Expenses	15.8	13.27	8.36	252	1.07	0.09
Other Current Assets	0.51	156.08	220.43	0.42	0.45	12.05
Total Current Assets	6,323	5,311	5,014	5,408	2,797	402.67
Property, Plant & Equipment	5,232	5,254	3,457	1,919	459.75	37.87
Other Intangible Assets	201.35	180.06	122.52	-	-	-
Long-Term Investments	1,239	1,082	886.8	-	-	-
Long-Term Deferred Tax Assets	-	-	-	-	163.27	0.07
Long-Term Accounts Receivable	18.79	35.94	-	-	-	-
Other Long-Term Assets	35.85	32.36	-	0.36	-	-
Total Assets	13,050	11,896	9,480	7,327	3,420	440.61
Accounts Payable	1,415	1,151	791.95	1,291	729.73	243.32
Accrued Expenses	150.92	65.42	76.18	56.56	16.3	1.17
Short-Term Debt	1,407	1,766	787.97	230.46	19.74	8.43
Current Portion of Long-Term Debt	319.78	263.12	374.64	34.93	6.67	4.79
Current Unearned Revenue	1,052	891.62	1,413	1,473	881.04	67.32
Current Portion of Leases	68.96	27.4	0.52	-	1.03	1.85
Current Income Taxes Payable	13.36	0.65	-	51.9	83.71	0.07
Other Current Liabilities	463.49	263.03	252.9	4.42	11.68	0.34
Total Current Liabilities	4,891	4,428	3,697	3,142	1,750	327.3
Long-Term Debt	1,049	1,099	561.74	150.78	0.38	3.56
Long-Term Leases	386.45	415.49	0.65	-	-	0.29
Pension & Post-Retirement Benefits	32.28	25.96	24.96	8.78	4.27	0.64
Long-Term Deferred Tax Liabilities	814.53	635.89	221.17	77.51	-	-
Other Long-Term Liabilities	-	-	-	0.04	-	-
Total Liabilities	7,173	6,604	4,506	3,380	1,755	331.78
Common Stock	368	368	368	368	46	40
Additional Paid-In Capital	1,090	990.43	990.43	756.67	549.9	-
Retained Earnings	3,192	2,855	2,945	2,482	983	68.82
Treasury Stock	-79.54	-72.28	-72.28	-	-	-
Comprehensive Income & Other	1,302	1,145	739.05	338.18	86.78	0.01
Total Common Equity	5,872	5,286	4,970	3,945	1,666	108.83
Minority Interest	4.69	5.78	4.12	2.86	-	-
Shareholders' Equity	5,877	5,292	4,974	3,948	1,666	108.83
Total Liabilities & Equity	13,050	11,896	9,480	7,327	3,420	440.61
Total Debt	3,232	3,571	1,726	416.18	27.83	18.91
Net Cash (Debt)	-2,051	-2,492	-303.26	1,651	1,380	104.23
Net Cash Growth	-	-	-	19.67%	1223.80%	-
Net Cash Per Share	-5.57	-6.77	-0.82	4.49	3.75	2.74
Filing Date Shares Outstanding	368	368	368	368	368	38.08
Total Common Shares Outstanding	368	368	368	368	368	38.08
Working Capital	1,432	883.15	1,316	2,266	1,047	75.37
Book Value Per Share	15.96	14.36	13.50	10.72	4.53	2.86
Tangible Book Value	5,671	5,106	4,847	3,945	1,666	108.83
Tangible Book Value Per Share	15.41	13.88	13.17	10.72	4.53	2.86
Land	362.49	334.11	71.35	54.41	10.18	2.37
Buildings	1,479	1,315	1,093	367.04	180.96	5.9
Machinery	3,718	3,886	2,430	874.16	240.76	29.11
Construction In Progress	450.66	407.15	269.64	832.07	73.98	9

Source: S&P Global Market Intelligence. Utility template. Financial Sources.