IST:BARMA 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	76.45	124.59	733.41	358.49	16.49	5.36
Trading Asset Securities	-	-	14.77	160.55	1.8	-
Cash & Short-Term Investments	76.45	124.59	748.18	519.04	18.29	5.36
Cash Growth	-66.55%	-83.35%	44.15%	2737.45%	240.99%	-48.23%
Accounts Receivable	933.37	852.6	810.43	723.16	268.71	117.72
Other Receivables	26.12	15.44	10.17	0.37	1.34	0.02
Receivables	959.5	868.05	820.59	723.53	270.05	117.74
Inventory	659.07	283.14	368.51	558.35	133.73	41.89
Prepaid Expenses	2.84	3.36	3.38	2.33	0.51	0.26
Other Current Assets	41.09	19.15	7.15	-	0.01	0.15
Total Current Assets	1,739	1,298	1,948	1,803	422.59	165.41
Property, Plant & Equipment	8,380	5,042	2,468	977.68	218.03	137.81
Other Intangible Assets	73.68	37.72	3.84	3.43	0.32	0.4
Long-Term Deferred Tax Assets	-	-	-	-	-	28.47
Other Long-Term Assets	1,273	1,430	1,012	0.48	0.3	5.72
Total Assets	11,465	7,808	5,432	2,785	641.23	337.8
Accounts Payable	813.54	431.09	137.19	94.09	64.09	41.81
Accrued Expenses	93.1	82.58	57.41	25.05	10.23	4.93
Short-Term Debt	782.01	509.99	547.23	435.42	107.67	8.32
Current Portion of Long-Term Debt	1,341	1,177	431.78	132.41	51.77	60.29
Current Portion of Leases	29.04	19.29	35.26	34.66	7.76	5.01
Current Income Taxes Payable	-	-	11.88	15.97	15.45	0.03
Current Unearned Revenue	27.51	13.42	31.16	20.23	7.81	4.17
Other Current Liabilities	11.12	8.2	4.73	3.04	2.7	6.36
Total Current Liabilities	3,097	2,242	1,257	760.87	267.49	130.92
Long-Term Debt	3,595	1,927	1,173	42.76	27.78	57.45
Long-Term Leases	131.02	116.09	24.65	46.6	22.34	22.93
Long-Term Unearned Revenue	-	-	-	0.23	0.71	-
Pension & Post-Retirement Benefits	46.68	45.65	30.48	11.34	2.82	2.24
Long-Term Deferred Tax Liabilities	444.59	148.29	191.48	129.88	4.47	-
Total Liabilities	7,314	4,479	2,677	991.69	325.62	213.53
Common Stock	262.5	262.5	262.5	262.5	45	45
Additional Paid-In Capital	775.09	617.95	617.95	428.01	-	-
Retained Earnings	1,804	1,458	1,235	740.02	201.07	78.91
Comprehensive Income & Other	1,310	990.85	639.75	362.63	69.55	0.36
Shareholders' Equity	4,151	3,330	2,755	1,793	315.62	124.27
Total Liabilities & Equity	11,465	7,808	5,432	2,785	641.23	337.8
Total Debt	5,878	3,750	2,212	691.85	217.34	154
Net Cash (Debt)	-5,801	-3,625	-1,464	-172.81	-199.04	-148.64
Net Cash Per Share	-22.10	-13.81	-5.58	-0.66	-0.88	-66.06
Filing Date Shares Outstanding	262.5	262.5	262.5	262.5	225	2.25
Total Common Shares Outstanding	262.5	262.5	262.5	262.5	225	2.25
Working Capital	-1,358	-943.36	691.18	1,042	155.1	34.49
Book Value Per Share	15.81	12.68	10.49	6.83	1.40	55.23
Tangible Book Value	4,077	3,292	2,751	1,790	315.3	123.87
Tangible Book Value Per Share	15.53	12.54	10.48	6.82	1.40	55.05
Land	404.58	322.55	154.21	106.81	33.67	4.26
Buildings	862.81	687.88	455.57	307.45	78.82	24.55
Machinery	2,520	1,778	1,542	1,030	152.65	146.08
Construction In Progress	5,978	3,227	1,133	6.33	0.31	0.17

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