IST:ALVES 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	Jun '25 Jun 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	280.32	105.3	44.21	26.41	3.92	1.85
Cash & Short-Term Investments	280.32	105.3	44.21	26.41	3.92	1.85
Cash Growth	2.99%	138.18%	67.38%	573.43%	112.03%	-
Accounts Receivable	1,603	1,266	814.23	412.04	130.6	61.78
Other Receivables	14.44	13.27	6.56	18.98	2.72	0.81
Receivables	1,617	1,279	820.79	431.02	133.32	62.6
Inventory	1,248	679.55	531.18	447.26	134.93	26.18
Prepaid Expenses	-	24.72	3.12	2.5	0.07	0.31
Other Current Assets	632.46	253.28	189.35	35.97	21.8	4.75
Total Current Assets	3,778	2,342	1,589	943.16	294.03	95.68
Property, Plant & Equipment	2,043	1,534	943.19	438.74	40.23	39.29
Other Intangible Assets	23.5	22.28	28.06	1.07	0.38	0.44
Long-Term Deferred Tax Assets	15.81	-	-	-	3.34	0.9
Long-Term Deferred Charges	49.69	37.1	1.08	-	-	-
Other Long-Term Assets	0.05	0.06	8.26	2.98	4.2	2.57
Total Assets	5,910	3,935	2,569	1,386	342.17	138.87
Accounts Payable	548.43	550.3	294.63	287.89	99.39	19.67
Accrued Expenses	50.5	4.14	29.96	20.83	0.84	0.52
Short-Term Debt	1,764	941.6	363.25	359.39	110.72	55.79
Current Portion of Long-Term Debt	748.93	90.16	703.96	31.59	16.37	15.52
Current Portion of Leases	27.83	24.47	19.06	4.2	0.73	0.73
Current Income Taxes Payable	-	8.68	1.75	1.6	1.05	0.37
Current Unearned Revenue	99.89	205.81	15.24	172.21	25.48	1.23
Other Current Liabilities	66.83	15.5	1.14	0.95	82.44	0.47
Total Current Liabilities	3,306	1,841	1,429	878.64	337.01	94.29
Long-Term Debt	172.44	53.71	49.34	42.2	12.07	20.28
Long-Term Leases	41.49	9.82	12.2	5.3	2.25	2.98
Long-Term Deferred Tax Liabilities	-	28.48	114.92	55.82	-	-
Other Long-Term Liabilities	-	-	-	2.96	0.58	0.24
Total Liabilities	3,526	1,938	1,609	984.93	351.9	117.79
Common Stock	160	160	120	90	35	5
Additional Paid-In Capital	1,033	885.77	-	-	-	-
Retained Earnings	730.85	580.13	476.14	34.97	24.17	4.05
Comprehensive Income & Other	460.5	371.79	363.81	276.06	-68.9	0.03
Total Common Equity	2,385	1,998	959.95	401.02	-9.72	9.08
Minority Interest	-	-	-	-	-	12
Shareholders' Equity	2,385	1,998	959.95	401.02	-9.72	21.08
Total Liabilities & Equity	5,910	3,935	2,569	1,386	342.17	138.87
Total Debt	2,755	1,120	1,148	442.67	142.13	95.29
Net Cash (Debt)	-2,474	-1,014	-1,104	-416.26	-138.2	-93.44
Net Cash Per Share	-15.46	-6.34	-6.90	-8.35	-17.01	-18.69
Filing Date Shares Outstanding	160	160	120	60.37	8.12	5
Total Common Shares Outstanding	160	160	120	60.37	8.12	5
Working Capital	471.48	501.39	159.65	64.52	-42.98	1.39
Book Value Per Share	14.91	12.49	8.00	6.64	-1.20	1.82
Tangible Book Value	2,361	1,975	931.89	399.96	-10.1	8.64
Tangible Book Value Per Share	14.76	12.35	7.77	6.63	-1.24	1.73
Land	60.11	51.52	51.52	35.68	-	-
Buildings	517.48	441.52	126.02	87.16	12.79	12.68
Machinery	1,488	1,189	554.26	178.56	25.14	23.48
Construction In Progress	241.58	32.5	275.66	124.75	4.65	1.94
Leasehold Improvements	0.36	0.72	0.4	0.28	0.07	0.16

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