IST:BARMA 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	136.46	163.07	733.41	358.49	16.49
Trading Asset Securities	-	-	14.77	160.55	1.8
Cash & Short-Term Investments	136.46	163.07	748.18	519.04	18.29
Cash Growth	-16.32%	-78.20%	44.15%	2737.45%	240.99%
Accounts Receivable	1,027	1,116	810.43	723.16	268.71
Other Receivables	32.32	20.21	10.17	0.37	1.34
Receivables	1,059	1,136	820.59	723.53	270.05
Inventory	387.39	370.6	368.51	558.35	133.73
Prepaid Expenses	5.08	4.39	3.38	2.33	0.51
Other Current Assets	53.08	25.06	7.15	-	0.01
Total Current Assets	1,641	1,699	1,948	1,803	422.59
Property, Plant & Equipment	9,329	6,600	2,468	977.68	218.03
Other Intangible Assets	69.84	49.37	3.84	3.43	0.32
Other Long-Term Assets	1,535	1,872	1,012	0.48	0.3
Total Assets	12,574	10,221	5,432	2,785	641.23
Accounts Payable	930.5	564.26	137.19	94.09	64.09
Accrued Expenses	68.41	108.1	57.41	25.05	10.23
Short-Term Debt	1,258	667.54	547.23	435.42	107.67
Current Portion of Long-Term Debt	1,565	1,541	431.78	132.41	51.77
Current Portion of Leases	78.82	25.24	35.26	34.66	7.76
Current Income Taxes Payable	-	-	11.88	15.97	15.45
Current Unearned Revenue	34.81	17.57	31.16	20.23	7.81
Other Current Liabilities	3.85	10.73	4.73	3.04	2.7
Total Current Liabilities	3,940	2,934	1,257	760.87	267.49
Long-Term Debt	3,862	2,522	1,173	42.76	27.78
Long-Term Leases	38.64	151.95	24.65	46.6	22.34
Long-Term Unearned Revenue	-	-	-	0.23	0.71
Pension & Post-Retirement Benefits	72.68	59.76	30.48	11.34	2.82
Long-Term Deferred Tax Liabilities	324.76	194.1	191.48	129.88	4.47
Other Long-Term Liabilities	-	0	-	-	-
Total Liabilities	8,238	5,862	2,677	991.69	325.62
Common Stock	262.5	262.5	262.5	262.5	45
Additional Paid-In Capital	808.85	808.85	617.95	428.01	-
Retained Earnings	1,887	1,909	1,235	740.02	201.07
Comprehensive Income & Other	1,378	1,378	639.75	362.63	69.55
Shareholders' Equity	4,337	4,358	2,755	1,793	315.62
Total Liabilities & Equity	12,574	10,221	5,432	2,785	641.23
Total Debt	6,803	4,908	2,212	691.85	217.34
Net Cash (Debt)	-6,666	-4,745	-1,464	-172.81	-199.04
Net Cash Per Share	-25.39	-18.07	-5.58	-0.66	-0.88
Filing Date Shares Outstanding	262.5	262.5	262.5	262.5	225
Total Common Shares Outstanding	262.5	262.5	262.5	262.5	225
Working Capital	-2,298	-1,235	691.18	1,042	155.1
Book Value Per Share	16.52	16.60	10.49	6.83	1.40
Tangible Book Value	4,267	4,309	2,751	1,790	315.3
Tangible Book Value Per Share	16.25	16.42	10.48	6.82	1.40
Land	422.2	422.2	154.21	106.81	33.67
Buildings	900.45	900.38	455.57	307.45	78.82
Machinery	2,781	2,328	1,542	1,030	152.65
Construction In Progress	6,732	4,223	1,133	6.33	0.31

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