IST:ARSAN 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	Mar '26 Mar 31, 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	1,651	1,686	2,644	1,278	157.84	43.01
Short-Term Investments	49.56	-	193.35	631.25	95.61	-
Cash & Short-Term Investments	1,701	1,686	2,837	1,909	253.45	43.01
Cash Growth	-19.68%	-40.58%	48.64%	653.12%	489.22%	-37.02%
Accounts Receivable	887.73	295.62	3.83	64.03	269.08	111.29
Other Receivables	45	79.15	35.77	15.02	4.15	0.02
Receivables	932.73	374.76	39.6	79.05	273.23	111.31
Inventory	57.61	77.4	84.13	1.61	292.76	70.09
Prepaid Expenses	7.86	5.55	0.92	-	2.58	0.17
Other Current Assets	78.77	117.98	54.97	37.49	31.55	7.57
Total Current Assets	2,778	2,262	3,017	2,027	853.57	232.15
Property, Plant & Equipment	4,576	4,030	2,317	1,704	1,122	299.69
Long-Term Investments	4,891	3,376	2,124	1,501	1,035	181.62
Goodwill	-	36.49	-	-	-	-
Other Intangible Assets	9.9	9.02	10.62	8.18	0.47	0.08
Long-Term Deferred Tax Assets	58.52	160.01	-	-	249.48	14.53
Long-Term Deferred Charges	-	-	-	-	8.61	5.29
Other Long-Term Assets	3,287	2,993	2,830	2,138	794.69	349.06
Total Assets	15,600	12,866	10,298	7,378	4,064	1,082
Accounts Payable	103.23	14.95	6.39	31.78	114.16	34.94
Accrued Expenses	49.9	36.17	94.62	25.6	27.29	18.98
Short-Term Debt	323.55	16.26	59.98	90.42	131.84	0.06
Current Portion of Long-Term Debt	13.38	-	2.62	84.72	114.9	32.52
Current Portion of Leases	6.25	2.26	0.95	20.6	16.32	10.21
Current Income Taxes Payable	9.13	20.86	-	9.99	3.03	1.45
Current Unearned Revenue	13.16	12.51	8.93	2.67	14.08	6.75
Other Current Liabilities	423.66	2.95	6.57	5.64	22.55	3.12
Total Current Liabilities	942.26	105.96	180.05	271.41	444.18	108.04
Long-Term Debt	9.75	19.11	1.31	15.97	17.13	18
Long-Term Leases	-	-	-	0.82	14.96	14.1
Long-Term Unearned Revenue	-	-	-	-	-	0
Pension & Post-Retirement Benefits	4.85	7.2	8.56	7.24	35.24	6.26
Long-Term Deferred Tax Liabilities	1,822	1,528	657.59	650.08	-	29.47
Total Liabilities	2,779	1,660	847.51	945.52	511.51	175.88
Common Stock	1,762	1,762	204.45	204.45	204.45	204.45
Retained Earnings	8,211	6,980	6,086	3,840	2,214	474.64
Comprehensive Income & Other	2,202	1,879	2,561	1,933	870.79	169.52
Total Common Equity	12,175	10,621	8,852	5,978	3,289	848.61
Minority Interest	645.42	584.47	598.92	455.07	263.04	57.92
Shareholders' Equity	12,821	11,206	9,451	6,433	3,552	906.53
Total Liabilities & Equity	15,600	12,866	10,298	7,378	4,064	1,082
Total Debt	352.93	37.63	64.86	212.52	295.16	74.9
Net Cash (Debt)	1,348	1,648	2,772	1,696	-41.72	-31.89
Net Cash Growth	-35.03%	-40.55%	63.44%	-	-	-
Net Cash Per Share	0.77	0.94	1.57	0.96	-0.02	-0.02
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	1,836	2,156	2,837	1,755	409.4	124.11
Book Value Per Share	6.91	6.03	5.02	3.39	1.87	0.48
Tangible Book Value	12,165	10,576	8,841	5,969	3,289	848.53
Tangible Book Value Per Share	6.90	6.00	5.02	3.39	1.87	0.48
Land	3,395	3,085	1,770	1,296	420.9	152.77
Buildings	360.18	462.37	8.13	6.21	556.69	126.82
Machinery	836.93	758.76	751.68	532.93	3,297	254.01
Construction In Progress	440.04	254.16	67.05	39	-	0.03
Leasehold Improvements	148.62	-	167.38	126.17	87.33	5.75