IST:ARFYE 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	Jun '26 Jun 30, 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	121.9	542.13	1.46	19.66	33.96	44.79
Short-Term Investments	593.75	0.32	-	-	0.27	0.04
Accounts Receivable	310.76	160.75	671.67	538.48	214.7	149.89
Other Receivables	21.67	2.23	0.03	2.8	0.06	0
Inventory	82.61	26.34	16.53	22.89	6.19	1.14
Prepaid Expenses	24.78	39.03	4.98	-	-	-
Other Current Assets	117.12	0.14	2.36	1.26	1.5	1.02
Total Current Assets	1,273	770.94	697.03	585.09	256.69	196.89
Property, Plant & Equipment	1,310	1,214	1,024	864.44	401.01	271.14
Other Intangible Assets	1.29	0.95	0.76	0.58	0.18	0.03
Long-Term Accounts Receivable	-	-	-	-	41.13	-
Other Long-Term Assets	123.74	105.69	89.99	53.46	18.52	13.41
Total Assets	2,708	2,092	1,812	1,504	717.54	481.47
Accounts Payable	14.91	26.79	23.87	7.14	10.81	1.32
Accrued Expenses	1.3	0.72	2.07	0.73	2.23	0.91
Short-Term Debt	73.31	118.9	89.19	18.71	13.08	3.85
Current Portion of Long-Term Debt	125.52	123.56	52.13	48.33	32.71	24.58
Current Unearned Revenue	0.75	0.76	1.78	2.08	4.11	1.77
Current Income Taxes Payable	-	-	-	31.05	2.55	6.04
Other Current Liabilities	44.27	135.07	32.95	23.35	13.13	9.64
Total Current Liabilities	260.06	405.79	201.99	131.4	78.62	48.12
Long-Term Debt	103.87	133.16	100.33	114.43	94	87.55
Pension & Post-Retirement Benefits	3.82	3.07	1.78	0.53	0.24	0.04
Long-Term Deferred Tax Liabilities	211.24	168.07	141.15	129.64	59.97	32.89
Other Long-Term Liabilities	9.79	44.35	158.89	139.43	40.08	18.23
Total Liabilities	588.79	754.44	604.14	515.43	272.92	186.82
Common Stock	182.84	147.34	147.34	147.34	105.24	105.24
Additional Paid-In Capital	662.38	32.26	32.26	32.26	72.26	32.26
Retained Earnings	39.28	92.8	214.27	206.3	105.11	100.1
Comprehensive Income & Other	1,235	1,065	813.72	602.24	162.01	57.05
Shareholders' Equity	2,119	1,337	1,208	988.14	444.62	294.65
Total Liabilities & Equity	2,708	2,092	1,812	1,504	717.54	481.47
Total Debt	302.7	375.62	241.65	181.48	139.8	115.98
Net Cash (Debt)	412.96	166.84	-240.19	-161.82	-105.56	-71.15
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	1.13	-1.63	-1.10	-1.00	-1.73
Filing Date Shares Outstanding	-	150.5	147.34	147.34	110.5	41.2
Total Common Shares Outstanding	-	150.5	147.34	147.34	110.5	41.2
Working Capital	1,013	365.15	495.04	453.69	178.06	148.77
Book Value Per Share	-	8.89	8.20	6.71	4.02	7.15
Tangible Book Value	2,118	1,336	1,207	987.56	444.44	294.62
Tangible Book Value Per Share	-	8.88	8.19	6.70	4.02	7.15
Land	-	-	213.95	161.15	2.04	0.63
Machinery	-	-	901.41	747.73	353.63	252.01
Construction In Progress	-	-	0.49	0.11	59.01	22.76