IST:ARSAN 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	Sep '25 Sep 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	2,153	2,020	1,278	157.84	43.01	68.29
Short-Term Investments	-	147.72	631.25	95.61	-	-
Cash & Short-Term Investments	2,153	2,168	1,909	253.45	43.01	68.29
Cash Growth	26.16%	13.56%	653.12%	489.22%	-37.02%	5.37%
Accounts Receivable	12.24	2.93	64.03	269.08	111.29	67.68
Other Receivables	71.64	27.33	15.02	4.15	0.02	-
Receivables	83.87	30.25	79.05	273.23	111.31	67.68
Inventory	74.97	64.28	1.61	292.76	70.09	48.89
Prepaid Expenses	7.24	0.7	-	2.58	0.17	0.77
Other Current Assets	92.31	42	37.49	31.55	7.57	3.58
Total Current Assets	2,412	2,305	2,027	853.57	232.15	189.22
Property, Plant & Equipment	2,714	1,770	1,704	1,122	299.69	194.07
Long-Term Investments	3,450	1,623	1,501	1,035	181.62	89.85
Other Intangible Assets	0.45	8.12	8.18	0.47	0.08	0.1
Long-Term Accounts Receivable	-	-	-	-	-	0.29
Long-Term Deferred Tax Assets	48.46	-	-	249.48	14.53	8.92
Long-Term Deferred Charges	-	-	-	8.61	5.29	5.27
Other Long-Term Assets	2,672	2,162	2,138	794.69	349.06	207.81
Total Assets	11,296	7,868	7,378	4,064	1,082	695.53
Accounts Payable	6.57	4.88	31.78	114.16	34.94	26.52
Accrued Expenses	34.66	35.6	25.6	27.29	18.98	5.94
Short-Term Debt	-	46.15	90.42	131.84	0.06	0.06
Current Portion of Long-Term Debt	16.2	2	84.72	114.9	32.52	26.3
Current Portion of Leases	-	0.73	20.6	16.32	10.21	6.08
Current Income Taxes Payable	79.82	36.69	9.99	3.03	1.45	0.78
Current Unearned Revenue	10.37	6.82	2.67	14.08	6.75	6.27
Other Current Liabilities	307.1	4.69	5.64	22.55	3.12	2.82
Total Current Liabilities	454.73	137.56	271.41	444.18	108.04	74.76
Long-Term Debt	18.75	1	15.97	17.13	18	45.77
Long-Term Leases	-	-	0.82	14.96	14.1	14.52
Long-Term Unearned Revenue	-	-	-	-	0	-
Pension & Post-Retirement Benefits	6.72	6.54	7.24	35.24	6.26	5.39
Long-Term Deferred Tax Liabilities	827.43	502.39	650.08	-	29.47	32.06
Total Liabilities	1,308	647.49	945.52	511.51	175.88	172.51
Common Stock	1,762	204.45	204.45	204.45	204.45	84.69
Retained Earnings	6,829	4,650	3,840	2,214	474.64	318.15
Comprehensive Income & Other	875.43	1,908	1,933	870.79	169.52	94.25
Total Common Equity	9,467	6,763	5,978	3,289	848.61	497.08
Minority Interest	521.79	457.57	455.07	263.04	57.92	25.94
Shareholders' Equity	9,989	7,220	6,433	3,552	906.53	523.02
Total Liabilities & Equity	11,296	7,868	7,378	4,064	1,082	695.53
Total Debt	34.95	49.88	212.52	295.16	74.9	92.73
Net Cash (Debt)	2,118	2,118	1,696	-41.72	-31.89	-24.44
Net Cash Growth	28.50%	24.85%	-	-	-	-
Net Cash Per Share	1.20	1.20	0.96	-0.02	-0.02	-0.01
Filing Date Shares Outstanding	1,762	1,762	1,762	1,762	1,762	1,762
Total Common Shares Outstanding	1,762	1,762	1,762	1,762	1,762	1,762
Working Capital	1,957	2,167	1,755	409.4	124.11	114.46
Book Value Per Share	5.37	3.84	3.39	1.87	0.48	0.28
Tangible Book Value	9,466	6,755	5,969	3,289	848.53	496.98
Tangible Book Value Per Share	5.37	3.83	3.39	1.87	0.48	0.28
Land	1,696	1,352	1,296	420.9	152.77	91.13
Buildings	588.83	6.21	6.21	556.69	126.82	63.54
Machinery	724.31	574.27	532.93	3,297	254.01	303.55
Construction In Progress	221.95	51.23	39	-	0.03	0.02
Leasehold Improvements	-	127.87	126.17	87.33	5.75	5.73

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