IST:ARASE 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,022	874.58	1,140	716.41	167.03
Accounts Receivable	6,459	6,278	6,943	4,033	995.04
Other Receivables	55.98	88.63	24.37	0.97	1.66
Inventory	215.98	215.28	234.94	157.92	34.98
Prepaid Expenses	28.53	1.33	51.68	7.52	6.94
Other Current Assets	421.1	332.25	136.81	331.01	373.42
Total Current Assets	8,203	7,790	8,531	5,247	1,579
Property, Plant & Equipment	531.04	508.92	432.73	215.17	17.95
Other Intangible Assets	1,920	1,782	1,930	1,440	182.19
Long-Term Deferred Tax Assets	5,088	4,760	5,422	211.66	59.19
Long-Term Accounts Receivable	8,566	8,058	7,480	4,062	1,086
Other Long-Term Assets	5.31	2.8	0.98	1.42	0.99
Total Assets	24,313	22,902	23,796	11,177	2,926
Accounts Payable	2,126	2,506	1,672	1,981	707.06
Accrued Expenses	183.57	232.33	414.5	205.04	38.82
Short-Term Debt	-	-	-	164.77	-
Current Portion of Long-Term Debt	596.32	593.91	634.02	166.07	32.79
Current Unearned Revenue	61.44	94.66	179.32	62.78	35.28
Current Portion of Leases	108.87	92.41	47.92	34.01	5.31
Current Income Taxes Payable	9.41	12.9	9.11	166.6	1.28
Other Current Liabilities	1,529	1,452	1,493	1,311	391.29
Total Current Liabilities	4,615	4,985	4,450	4,091	1,212
Long-Term Debt	2,129	2,240	3,944	1,857	178.61
Long-Term Leases	158.12	165.1	148.74	118.41	6.29
Long-Term Unearned Revenue	0.16	0.14	0.26	-	-
Pension & Post-Retirement Benefits	74.37	48.08	20.86	28.13	7.18
Long-Term Deferred Tax Liabilities	1,572	1,279	728.99	142.65	5.08
Other Long-Term Liabilities	215.09	204.18	434.15	284.61	118.26
Total Liabilities	8,763	8,921	9,727	6,523	1,527
Common Stock	250	250	250	67	67
Retained Earnings	14,078	12,644	12,733	4,143	1,332
Comprehensive Income & Other	1,222	1,087	1,087	444.87	-
Shareholders' Equity	15,550	13,981	14,070	4,655	1,399
Total Liabilities & Equity	24,313	22,902	23,796	11,177	2,926
Total Debt	2,992	3,091	4,775	2,341	223
Net Cash (Debt)	-1,970	-2,217	-3,634	-1,624	-55.97
Net Cash Per Share	-7.88	-8.87	-14.54	-6.50	-0.22
Filing Date Shares Outstanding	250	250	250	250	250
Total Common Shares Outstanding	250	250	250	250	250
Working Capital	3,588	2,805	4,081	1,155	367.24
Book Value Per Share	62.20	55.92	56.28	18.62	5.59
Tangible Book Value	13,630	12,199	12,140	3,214	1,216
Tangible Book Value Per Share	54.52	48.80	48.56	12.86	4.87
Buildings	27.16	24.68	24.68	17.09	3.94
Machinery	56.06	50.33	39.72	26.17	4.9
Construction In Progress	-	-	5.15	-	-

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