IST:AYDEM 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	1,314	2,284	2,012	2,132	1,526
Short-Term Investments	50.82	1,124	-	-	-
Accounts Receivable	1,753	4,138	2,889	2,149	147.84
Other Receivables	159.38	202.74	946.93	107.78	22.23
Inventory	31.54	26.71	30.42	20.83	8.56
Prepaid Expenses	62.13	41.41	11.54	6.68	22.77
Other Current Assets	91.03	1,107	951.49	623.83	13.5
Total Current Assets	3,462	8,924	6,841	5,040	1,740
Property, Plant & Equipment	62,308	61,374	70,548	52,249	20,316
Other Intangible Assets	2,355	3,121	2,449	1,738	299
Other Long-Term Assets	419.24	432.59	446.14	761.23	175.56
Total Assets	68,544	73,851	80,284	59,788	22,531
Accounts Payable	223.2	233.39	492.07	213.42	58.82
Accrued Expenses	209.83	197.48	170.88	612.26	28.13
Current Portion of Long-Term Debt	2,210	8,296	2,159	1,657	763.82
Current Portion of Leases	13.23	42.19	24	8.96	4.73
Current Income Taxes Payable	113.01	141.69	142.38	120.24	6.44
Other Current Liabilities	30.25	20.76	24.92	20.95	14.69
Total Current Liabilities	2,799	8,931	3,013	2,633	876.63
Long-Term Debt	20,994	23,507	26,860	20,071	9,293
Long-Term Leases	36.59	55.38	54.67	41.42	25.14
Pension & Post-Retirement Benefits	169.94	115.85	98.99	57.25	11.54
Long-Term Deferred Tax Liabilities	7,750	5,424	8,863	7,596	2,485
Other Long-Term Liabilities	-	-	72.77	66.26	37.09
Total Liabilities	31,750	38,033	38,962	30,466	12,728
Common Stock	705	705	705	705	705
Additional Paid-In Capital	996.99	996.99	761.69	527.56	91.42
Retained Earnings	45,821	48,609	49,173	35,286	-1,222
Treasury Stock	-221.46	-221.46	-172.52	-	-
Comprehensive Income & Other	-10,508	-14,270	-9,145	-7,196	10,228
Total Common Equity	36,794	35,819	41,322	29,322	9,803
Shareholders' Equity	36,794	35,819	41,322	29,322	9,803
Total Liabilities & Equity	68,544	73,851	80,284	59,788	22,531
Total Debt	23,254	31,900	29,097	21,779	10,086
Net Cash (Debt)	-21,889	-28,493	-27,085	-19,648	-8,561
Net Cash Per Share	-31.32	-40.77	-38.65	-28.03	-12.17
Filing Date Shares Outstanding	698.89	698.89	698.89	699.27	705
Total Common Shares Outstanding	698.89	698.89	698.89	699.27	705
Working Capital	662.13	-7.44	3,828	2,406	863.85
Book Value Per Share	52.65	51.25	59.13	41.93	13.91
Tangible Book Value	34,439	32,698	38,873	27,584	9,504
Tangible Book Value Per Share	49.28	46.79	55.62	39.45	13.48
Land	66.36	66.36	50.7	35.11	13.02
Machinery	93,247	87,008	97,842	71,191	27,629
Construction In Progress	1,108	2,386	1,798	1,375	214.36

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