IST:ARZUM 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	276.09	148.4	342.8	521.19	94.54	29.74
Cash & Short-Term Investments	276.09	148.4	342.8	521.19	94.54	29.74
Cash Growth	129.51%	-56.71%	-34.23%	451.28%	217.94%	262.54%
Accounts Receivable	1,444	1,519	1,553	863.19	316.41	290.28
Other Receivables	6.23	73.29	19.76	10.15	-	4.39
Receivables	1,450	1,592	1,573	873.33	316.41	294.66
Inventory	673.14	876.03	596.74	421.05	216.5	134.71
Prepaid Expenses	76.33	83.53	42.09	11.3	3.19	1.26
Other Current Assets	37.65	122.5	168.97	67.19	36.18	17.32
Total Current Assets	2,513	2,823	2,724	1,894	666.82	477.69
Property, Plant & Equipment	340.15	284.18	312.45	188.81	48.21	35.95
Other Intangible Assets	76.46	57.89	43.39	28.97	8.14	4.32
Long-Term Accounts Receivable	-	-	29.31	9.83	3.8	2.17
Long-Term Deferred Tax Assets	297.02	92.16	74.8	20.25	15.44	9.82
Long-Term Deferred Charges	10.26	9.43	4.17	3.65	1.08	0.61
Other Long-Term Assets	1.24	0.87	2.65	4.04	0.46	0.62
Total Assets	3,238	3,267	3,190	2,150	743.95	531.18
Accounts Payable	1,444	1,102	1,058	558.41	227.05	217.04
Accrued Expenses	102.64	30.48	64.63	65.71	12.97	17.03
Short-Term Debt	1,309	1,653	1,290	1,040	232.67	110.14
Current Portion of Long-Term Debt	63.09	88.84	-	-	15.01	-
Current Portion of Leases	33.97	20.89	19.96	6.77	4.61	2.88
Current Income Taxes Payable	-	-	-	-	0.47	0.53
Current Unearned Revenue	-	-	-	4.41	39.51	34.09
Other Current Liabilities	23.03	13.67	14.01	14.03	5.1	8.11
Total Current Liabilities	2,976	2,909	2,446	1,690	537.39	389.83
Long-Term Debt	70.65	38.04	-	-	20.02	-
Long-Term Leases	2.08	10.81	39.33	1.4	3.91	4.22
Pension & Post-Retirement Benefits	12.23	13.74	16.12	14.68	3.57	2.51
Other Long-Term Liabilities	21.94	11.57	10.74	8.72	3.43	2.85
Total Liabilities	3,083	2,983	2,512	1,714	568.32	399.4
Common Stock	600	32.21	32.21	32.21	32.21	32.21
Additional Paid-In Capital	385.58	305.88	305.88	211.86	18.64	18.64
Retained Earnings	-1,283	-641.39	-241.42	-201.35	119.71	81.35
Comprehensive Income & Other	452.82	587.52	581.41	392.43	5.08	-0.42
Shareholders' Equity	155.34	284.22	678.09	435.15	175.63	131.78
Total Liabilities & Equity	3,238	3,267	3,190	2,150	743.95	531.18
Total Debt	1,479	1,812	1,349	1,049	276.23	117.24
Net Cash (Debt)	-1,203	-1,663	-1,006	-527.31	-181.68	-87.51
Net Cash Per Share	-2.29	-5.54	-3.35	-1.76	-0.61	-0.29
Filing Date Shares Outstanding	600	300	300	300	300	300
Total Common Shares Outstanding	600	300	300	300	300	300
Working Capital	-462.88	-86.15	277.51	204.4	129.43	87.86
Book Value Per Share	0.26	0.95	2.26	1.45	0.59	0.44
Tangible Book Value	78.89	226.33	634.7	406.18	167.5	127.45
Tangible Book Value Per Share	0.13	0.75	2.12	1.35	0.56	0.42
Machinery	602.54	480.92	452.97	278.3	50.03	40.35
Construction In Progress	41.48	22.22	28.29	35.82	6.13	1.52
Leasehold Improvements	-	60.82	53.44	36.35	3.51	2.88

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.