IST:ARTMS Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	143.4	18.16	8.92	6.72	6.46
Short-Term Investments	-	-	-	0.1	-
Cash & Short-Term Investments	143.4	18.16	8.92	6.82	6.46
Cash Growth	689.70%	103.61%	30.81%	5.51%	-
Accounts Receivable	598.26	562.3	294.97	101.12	111.17
Other Receivables	8.6	35.68	24.07	3.37	0.22
Receivables	606.86	597.99	319.03	104.5	111.39
Inventory	604.74	276.44	441.48	191.4	115.81
Prepaid Expenses	0.08	4.89	1.5	0.81	0.25
Other Current Assets	49.56	154.83	76.12	9.67	0.58
Total Current Assets	1,405	1,052	847.05	313.2	234.49
Property, Plant & Equipment	603.02	551.78	329.64	131.95	84.28
Other Intangible Assets	1.27	1.84	1.1	0.23	0.17
Long-Term Accounts Receivable	1.51	8.4	-	2.11	3.21
Long-Term Deferred Tax Assets	-	-	3.45	0.93	7.15
Other Long-Term Assets	13.82	13.82	10.21	3.48	0.93
Total Assets	2,024	1,628	1,191	451.9	330.22
Accounts Payable	141.73	222.91	212.31	101.53	46.16
Accrued Expenses	13.84	16.46	6.1	3.25	1.94
Short-Term Debt	43.14	99.82	182.81	52.96	21.29
Current Portion of Long-Term Debt	-	302.2	25.4	64.22	56.55
Current Portion of Leases	5.69	13.3	8.8	10.78	9.09
Current Income Taxes Payable	26.83	2.49	-	0.08	0.12
Current Unearned Revenue	3.54	34.8	35.9	9.14	13.34
Other Current Liabilities	0.11	22.97	150.19	6.62	10.17
Total Current Liabilities	234.88	714.94	621.51	248.59	158.66
Long-Term Debt	2.6	10.93	10.37	18.49	46.39
Long-Term Leases	68.5	70.06	6.38	6.98	11.27
Long-Term Unearned Revenue	2.54	-	-	-	-
Long-Term Deferred Tax Liabilities	74.39	17.27	-	-	-
Other Long-Term Liabilities	3.56	12.72	1.73	7.86	5.88
Total Liabilities	389.04	827.42	640.83	282.13	222.32
Common Stock	70	50	50	30	30
Additional Paid-In Capital	584.15	-	-	-	-
Retained Earnings	713.25	486.63	332.63	61.19	42.98
Comprehensive Income & Other	267.83	264.08	167.99	78.58	34.92
Shareholders' Equity	1,635	800.71	550.62	169.77	107.9
Total Liabilities & Equity	2,024	1,628	1,191	451.9	330.22
Total Debt	119.93	496.31	233.77	153.43	144.58
Net Cash (Debt)	23.47	-478.15	-224.85	-146.61	-138.12
Net Cash Per Share	0.35	-13.15	-5.65	-4.03	-3.80
Filing Date Shares Outstanding	70	50	50	36.35	36.35
Total Common Shares Outstanding	70	50	50	36.35	36.35
Working Capital	1,170	337.36	225.54	64.62	75.82
Book Value Per Share	23.36	16.01	11.01	4.67	2.97
Tangible Book Value	1,634	798.88	549.52	169.54	107.73
Tangible Book Value Per Share	23.34	15.98	10.99	4.66	2.96
Machinery	483.36	485.76	336.02	129.6	80.95
Construction In Progress	33.92	0.06	-	-	1.35
Leasehold Improvements	54.64	40.33	27.66	4.15	0.12

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.