IST:AYCES 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	19.45	36.83	58.68	48.94	11.81
Cash & Short-Term Investments	19.45	36.83	58.68	48.94	11.81
Cash Growth	-47.19%	-37.24%	19.92%	314.24%	892.31%
Accounts Receivable	4.27	4.54	6.4	4.5	2.12
Other Receivables	0.2	0.01	0.09	0.41	1.82
Receivables	4.47	4.55	6.49	4.92	3.94
Inventory	6.28	5.87	4.48	3.69	0.84
Prepaid Expenses	5.09	-	0	0.01	0.15
Other Current Assets	5.25	3.18	7.02	14.23	5.53
Total Current Assets	40.54	50.43	76.67	71.78	22.28
Property, Plant & Equipment	6,094	6,083	4,137	2,862	629.84
Long-Term Investments	0.22	0.22	0.17	0.07	0.47
Other Intangible Assets	11.35	11.42	10.97	8.32	1.27
Other Long-Term Assets	0.29	3.16	0.44	0.53	1.03
Total Assets	6,146	6,149	4,225	2,943	654.87
Accounts Payable	42.49	31.19	23.85	16.57	6.81
Accrued Expenses	10.62	4.59	12.2	9.96	3.56
Short-Term Debt	5	-	3.08	-	-
Current Portion of Long-Term Debt	-	-	-	3.12	2.94
Current Portion of Leases	1.11	0.72	-	4.43	0.56
Current Income Taxes Payable	2.5	2.95	2.1	1.46	0.86
Current Unearned Revenue	3.98	10.82	18.09	20.99	5.11
Other Current Liabilities	6.36	0.36	0.22	0.2	0.1
Total Current Liabilities	72.05	50.62	59.55	56.74	19.95
Long-Term Debt	-	-	-	-	1.88
Long-Term Leases	104.33	46.67	33.51	22.93	11.13
Pension & Post-Retirement Benefits	9.39	12.26	12.27	10.04	2.41
Long-Term Deferred Tax Liabilities	1,159	1,177	666.14	334.88	73.35
Other Long-Term Liabilities	6.65	-	-	-0	-
Total Liabilities	1,352	1,287	771.46	424.58	108.71
Common Stock	25	25	25	25	25
Additional Paid-In Capital	3.78	3.78	2.88	2	0.14
Retained Earnings	1,900	1,847	1,535	1,082	-0.3
Comprehensive Income & Other	2,866	2,985	1,891	1,409	521.31
Shareholders' Equity	4,794	4,862	3,454	2,518	546.16
Total Liabilities & Equity	6,146	6,149	4,225	2,943	654.87
Total Debt	110.44	47.38	36.59	30.48	16.51
Net Cash (Debt)	-90.99	-10.55	22.1	18.46	-4.7
Net Cash Growth	-	-	19.72%	-	-
Net Cash Per Share	-3.64	-0.42	0.88	0.74	-0.19
Filing Date Shares Outstanding	25	25	25	25	25
Total Common Shares Outstanding	25	25	25	25	25
Working Capital	-31.51	-0.19	17.13	15.04	2.33
Book Value Per Share	191.78	194.46	138.16	100.72	21.85
Tangible Book Value	4,783	4,850	3,443	2,510	544.89
Tangible Book Value Per Share	191.32	194.00	137.72	100.39	21.80
Land	4,119	4,119	2,966	2,045	391.96
Buildings	1,728	1,701	1,053	721.74	219.54
Machinery	693.3	598.1	435.58	282.62	29.33
Construction In Progress	2.18	1.7	0.7	-	-

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