Ayen Enerji A.S. 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	410.19	519.71	514.26	3,294	243.72	71.51
Accounts Receivable	1,036	876.13	657.47	905.22	335.28	91.3
Other Receivables	868.44	584.3	1,333	463.47	17.77	2.29
Prepaid Expenses	102.84	46.23	61.47	91.84	14.83	4.5
Other Current Assets	32.36	93.39	208.51	559.88	118.5	33.75
Total Current Assets	2,449	2,120	2,774	5,314	730.1	203.35
Property, Plant & Equipment	18,756	14,769	17,635	11,805	4,156	2,792
Goodwill	-	14.64	14.64	39.51	17.46	17.46
Other Intangible Assets	0.78	0.63	1.37	0.63	1.31	0.87
Long-Term Investments	0.75	0.6	0.6	0.68	0.41	0.41
Long-Term Loans Receivable	-	367.68	497.92	230.68	167.26	96.51
Long-Term Deferred Tax Assets	12.01	1.55	279.9	92.3	70.9	47.32
Long-Term Accounts Receivable	-	-	177.16	329.18	200.69	141.29
Other Long-Term Assets	4,861	3,085	2,417	742.24	231.43	22.55
Total Assets	26,080	20,359	23,798	18,554	5,576	3,322
Accounts Payable	757.29	386.84	142.55	427.96	103.67	26.9
Accrued Expenses	17.25	154.75	150.37	1,298	38.99	8.56
Short-Term Debt	653.7	455.74	508.23	537.84	428.96	235.68
Current Portion of Long-Term Debt	1,019	751.59	1,341	993.99	530.54	250.61
Current Unearned Revenue	10.14	185.7	-	1.1	44.38	7.94
Current Portion of Leases	90.58	62.17	61.34	41.26	12.5	10.19
Current Income Taxes Payable	61.49	51.87	133.03	332.08	17.44	16.62
Other Current Liabilities	69.03	7.47	5.82	4.87	2.02	35.29
Total Current Liabilities	2,679	2,056	2,342	3,637	1,178	591.8
Long-Term Debt	5,000	4,164	5,572	4,663	2,489	1,783
Long-Term Leases	490.07	369.41	228.56	188.15	18.57	18.61
Long-Term Unearned Revenue	-	-	-	-	0.6	7.79
Pension & Post-Retirement Benefits	14.86	17.07	29.63	22.46	5.77	4.49
Long-Term Deferred Tax Liabilities	790.14	426.79	439.05	772.95	69.95	45.28
Other Long-Term Liabilities	-	-	0.04	0.73	0.45	0.45
Total Liabilities	8,974	7,034	8,612	9,284	3,763	2,451
Common Stock	277.5	277.5	277.5	277.5	277.5	277.5
Additional Paid-In Capital	1.14	0.91	0.91	0.63	0.23	0.23
Retained Earnings	7,919	6,630	7,081	3,795	41.32	-70.34
Comprehensive Income & Other	8,150	5,862	7,163	4,566	1,331	581.71
Total Common Equity	16,347	12,770	14,522	8,639	1,650	789.11
Minority Interest	759.13	555.27	663.85	631.02	163.25	81.16
Shareholders' Equity	17,107	13,326	15,186	9,270	1,813	870.27
Total Liabilities & Equity	26,080	20,359	23,798	18,554	5,576	3,322
Total Debt	7,253	5,803	7,711	6,424	3,480	2,298
Net Cash (Debt)	-6,843	-5,284	-7,197	-3,131	-3,236	-2,227
Net Cash Per Share	-24.66	-19.04	-25.94	-11.28	-11.66	-8.02
Filing Date Shares Outstanding	277.5	277.5	277.5	277.5	277.5	277.5
Total Common Shares Outstanding	277.5	277.5	277.5	277.5	277.5	277.5
Working Capital	-229.4	63.62	432.13	1,677	-448.38	-388.45
Book Value Per Share	58.91	46.02	52.33	31.13	5.95	2.84
Tangible Book Value	16,347	12,755	14,506	8,599	1,631	770.77
Tangible Book Value Per Share	58.91	45.96	52.27	30.99	5.88	2.78
Land	-	92.34	84.99	39.63	16.41	75.81
Buildings	-	79.1	79.1	54.79	4.38	7.33
Machinery	-	20,765	23,229	15,183	4,866	3,114
Construction In Progress	-	51.39	273.84	35.74	14.05	8.07

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