IST:ARMGD 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	260.41	694.57	601.01	662.93	208.6
Short-Term Investments	393.35	-	-	-	-
Cash & Short-Term Investments	653.76	694.57	601.01	662.93	208.6
Cash Growth	-5.88%	15.57%	-9.34%	217.80%	-
Accounts Receivable	1,543	1,366	800.58	1,029	949.69
Other Receivables	54.57	2,916	56.84	68.08	29.55
Receivables	1,598	4,282	857.42	1,097	979.24
Inventory	5,962	4,038	2,134	1,700	2,009
Prepaid Expenses	-	-	242.12	7.99	7.26
Other Current Assets	1,737	336.9	5.36	114.31	145.84
Total Current Assets	9,950	9,352	3,839	3,582	3,350
Property, Plant & Equipment	4,740	3,859	2,380	1,786	1,175
Goodwill	50.29	-	-	-	-
Other Intangible Assets	7.13	6.26	2.86	0.47	0.58
Long-Term Deferred Tax Assets	-	-	16.85	81.09	58.01
Other Long-Term Assets	0.34	0.36	0.35	1.64	4.04
Total Assets	14,748	13,218	6,240	5,451	4,588
Accounts Payable	619.99	631.54	403.49	503.25	770.37
Accrued Expenses	38.24	79.62	389.41	90.28	16.44
Short-Term Debt	5,348	4,031	1,725	2,413	2,069
Current Portion of Long-Term Debt	444.38	397.59	230.4	104.96	93.49
Current Portion of Leases	125.59	41.91	63.8	66.37	46.53
Current Income Taxes Payable	32.43	23.97	14.91	6.72	-
Current Unearned Revenue	211.38	775.61	651.02	153.95	112.03
Other Current Liabilities	25.73	24.65	13.32	9.15	14.9
Total Current Liabilities	6,846	6,005	3,491	3,348	3,123
Long-Term Debt	1,174	1,488	945.08	612.44	100.09
Long-Term Leases	273.72	27.16	38.73	75.99	70.7
Long-Term Unearned Revenue	1.66	7.65	0.89	2.19	-
Pension & Post-Retirement Benefits	9.81	3.24	3.39	1.79	2.31
Long-Term Deferred Tax Liabilities	435.3	183.66	-	-	-
Total Liabilities	8,740	7,715	4,479	4,040	3,296
Common Stock	263.98	263.98	219.98	97.02	97.02
Additional Paid-In Capital	2,138	2,138	-	-	-
Retained Earnings	2,539	1,850	604.52	514.73	495.79
Treasury Stock	-4.42	-	-	-	-
Comprehensive Income & Other	1,068	1,248	933.56	799.22	698.75
Total Common Equity	6,004	5,499	1,758	1,411	1,292
Minority Interest	3.49	3.64	2.24	-	-
Shareholders' Equity	6,008	5,503	1,760	1,411	1,292
Total Liabilities & Equity	14,748	13,218	6,240	5,451	4,588
Total Debt	7,366	5,985	3,003	3,273	2,380
Net Cash (Debt)	-6,712	-5,290	-2,402	-2,610	-2,172
Net Cash Per Share	-25.40	-20.04	-10.92	-	-
Filing Date Shares Outstanding	264.3	263.98	219.98	-	-
Total Common Shares Outstanding	264.3	263.98	219.98	-	-
Working Capital	3,104	3,347	348.07	234.48	226.84
Book Value Per Share	22.72	20.83	7.99	-	-
Tangible Book Value	5,947	5,493	1,755	1,411	1,291
Tangible Book Value Per Share	22.50	20.81	7.98	-	-
Land	1,615	1,614	1,061	829.71	390.09
Buildings	697.99	697.99	501.33	410.36	343.91
Machinery	1,444	1,003	790	117.21	469.13
Construction In Progress	1,307	746.03	197.24	0.25	64.76
Leasehold Improvements	-	-	0.29	0.28	0.28

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