IST:ARTMS 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	170.51	187.96	18.16	8.92	6.72
Short-Term Investments	-	-	-	-	0.1
Cash & Short-Term Investments	170.51	187.96	18.16	8.92	6.82
Cash Growth	-9.29%	935.10%	103.61%	30.81%	5.51%
Accounts Receivable	427.44	784.17	562.3	294.97	101.12
Other Receivables	14.53	11.27	35.68	24.07	3.37
Receivables	441.97	795.44	597.99	319.03	104.5
Inventory	1,335	792.66	276.44	441.48	191.4
Prepaid Expenses	47.39	0.11	4.89	1.5	0.81
Other Current Assets	104.4	64.96	154.83	76.12	9.67
Total Current Assets	2,099	1,841	1,052	847.05	313.2
Property, Plant & Equipment	894.66	597.61	551.78	329.64	131.95
Other Intangible Assets	3.16	3.2	1.84	1.1	0.23
Long-Term Accounts Receivable	-	1.98	8.4	-	2.11
Long-Term Deferred Tax Assets	-	-	-	3.45	0.93
Other Long-Term Assets	19.9	15.86	13.82	10.21	3.48
Total Assets	3,016	2,460	1,628	1,191	451.9
Accounts Payable	148.49	185.77	222.91	212.31	101.53
Accrued Expenses	11.87	14.48	16.46	6.1	3.25
Short-Term Debt	278.12	56.04	99.82	182.81	52.96
Current Portion of Long-Term Debt	-	-	302.2	25.4	64.22
Current Portion of Leases	6.58	7.45	13.3	8.8	10.78
Current Income Taxes Payable	18.61	35.17	2.49	-	0.08
Current Unearned Revenue	90.65	4.64	34.8	35.9	9.14
Other Current Liabilities	5.83	4.31	22.97	150.19	6.62
Total Current Liabilities	560.14	307.86	714.94	621.51	248.59
Long-Term Debt	3.29	3.41	10.93	10.37	18.49
Long-Term Leases	98.75	89.79	70.06	6.38	6.98
Long-Term Unearned Revenue	-	3.33	-	-	-
Pension & Post-Retirement Benefits	6.89	3.37	1.5	0.83	0.22
Long-Term Deferred Tax Liabilities	150.9	97.51	17.27	-	-
Other Long-Term Liabilities	-	4.66	12.72	1.73	7.86
Total Liabilities	819.98	509.93	827.42	640.83	282.13
Common Stock	70	70	50	50	30
Additional Paid-In Capital	765.67	765.67	-	-	-
Retained Earnings	984.98	741.39	486.63	332.63	61.19
Comprehensive Income & Other	375.87	372.8	264.08	167.99	78.58
Shareholders' Equity	2,197	1,950	800.71	550.62	169.77
Total Liabilities & Equity	3,016	2,460	1,628	1,191	451.9
Total Debt	386.74	156.7	496.31	233.77	153.43
Net Cash (Debt)	-216.23	31.27	-478.15	-224.85	-146.61
Net Cash Per Share	-3.09	0.45	-13.15	-5.65	-4.03
Filing Date Shares Outstanding	70	70	50	50	36.35
Total Common Shares Outstanding	70	70	50	50	36.35
Working Capital	1,539	1,533	337.36	225.54	64.62
Book Value Per Share	31.38	27.86	16.01	11.01	4.67
Tangible Book Value	2,193	1,947	798.88	549.52	169.54
Tangible Book Value Per Share	31.33	27.81	15.98	10.99	4.66
Machinery	940.09	620	485.76	336.02	129.6
Construction In Progress	-	43.71	0.06	-	-
Leasehold Improvements	115	71.29	40.33	27.66	4.15

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