IST:ALVES 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	235.92	137.83	44.21	26.41	3.92
Cash & Short-Term Investments	235.92	137.83	44.21	26.41	3.92
Cash Growth	71.17%	211.76%	67.38%	573.43%	112.03%
Accounts Receivable	1,645	1,657	814.23	412.04	130.6
Other Receivables	31.24	9.03	3.71	18.98	2.72
Receivables	1,676	1,666	817.94	431.02	133.32
Inventory	2,931	889.48	531.18	447.26	134.93
Prepaid Expenses	-	-	3.12	2.5	0.07
Other Current Assets	1,195	372.22	192.21	35.97	21.8
Total Current Assets	6,038	3,066	1,589	943.16	294.03
Property, Plant & Equipment	1,938	2,008	943.19	438.74	40.23
Other Intangible Assets	15.04	29.16	28.06	1.07	0.38
Long-Term Deferred Tax Assets	-	-	-	-	3.34
Long-Term Deferred Charges	62.72	48.56	1.08	-	-
Other Long-Term Assets	-	0.08	8.26	2.98	4.2
Total Assets	8,054	5,151	2,569	1,386	342.17
Accounts Payable	832.31	712.23	294.63	287.89	99.39
Accrued Expenses	128.22	5.42	29.96	20.83	0.84
Short-Term Debt	1,135	1,232	363.25	359.39	110.72
Current Portion of Long-Term Debt	2,144	118.01	703.96	31.59	16.37
Current Portion of Leases	84.66	32.03	19.06	4.2	0.73
Current Income Taxes Payable	-	11.36	1.75	1.6	1.05
Current Unearned Revenue	312.67	269.4	15.24	172.21	25.48
Other Current Liabilities	583.64	28.37	1.14	0.95	82.44
Total Current Liabilities	5,220	2,409	1,429	878.64	337.01
Long-Term Debt	29.87	70.3	49.34	42.2	12.07
Long-Term Leases	64.57	12.85	12.2	5.3	2.25
Pension & Post-Retirement Benefits	8.93	6.7	3.84	-	-
Long-Term Deferred Tax Liabilities	14.01	37.28	114.92	55.82	-
Other Long-Term Liabilities	-	0	-	2.96	0.58
Total Liabilities	5,337	2,536	1,609	984.93	351.9
Common Stock	160	160	120	90	35
Additional Paid-In Capital	1,159	1,159	-	-	-
Retained Earnings	862.25	759.35	476.14	34.97	24.17
Comprehensive Income & Other	534.8	536.07	363.81	276.06	-68.9
Total Common Equity	2,716	2,615	959.95	401.02	-9.72
Shareholders' Equity	2,716	2,615	959.95	401.02	-9.72
Total Liabilities & Equity	8,054	5,151	2,569	1,386	342.17
Total Debt	3,458	1,466	1,148	442.67	142.13
Net Cash (Debt)	-3,222	-1,328	-1,104	-416.26	-138.2
Net Cash Per Share	-2.01	-0.83	-0.69	-0.84	-1.70
Filing Date Shares Outstanding	1,600	1,600	1,200	603.7	81.23
Total Common Shares Outstanding	1,600	1,600	1,200	603.7	81.23
Working Capital	817.67	656.28	159.65	64.52	-42.98
Book Value Per Share	1.70	1.63	0.80	0.66	-0.12
Tangible Book Value	2,701	2,586	931.89	399.96	-10.1
Tangible Book Value Per Share	1.69	1.62	0.78	0.66	-0.12
Land	67.43	67.43	51.52	35.68	-
Buildings	580.54	577.92	126.02	87.16	12.79
Machinery	1,214	1,557	554.26	178.56	25.14
Construction In Progress	410	42.55	275.66	124.75	4.65
Leasehold Improvements	0.41	0.41	0.4	0.28	0.07

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