IST:BARMA Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	55.45	136.46	163.07	733.41	358.49	16.49
Trading Asset Securities	-	-	-	14.77	160.55	1.8
Cash & Short-Term Investments	55.45	136.46	163.07	748.18	519.04	18.29
Cash Growth	-40.02%	-16.32%	-78.20%	44.15%	2737.45%	240.99%
Accounts Receivable	1,179	1,027	1,116	810.43	723.16	268.71
Other Receivables	31.62	32.32	20.21	10.17	0.37	1.34
Receivables	1,211	1,059	1,136	820.59	723.53	270.05
Inventory	650.52	387.39	370.6	368.51	558.35	133.73
Prepaid Expenses	68.75	5.08	4.39	3.38	2.33	0.51
Other Current Assets	54.54	53.08	25.06	7.15	-	0.01
Total Current Assets	2,040	1,641	1,699	1,948	1,803	422.59
Property, Plant & Equipment	11,055	9,329	6,600	2,468	977.68	218.03
Other Intangible Assets	69.05	69.84	49.37	3.84	3.43	0.32
Other Long-Term Assets	1,551	1,535	1,872	1,012	0.48	0.3
Total Assets	14,715	12,574	10,221	5,432	2,785	641.23
Accounts Payable	1,052	930.5	564.26	137.19	94.09	64.09
Accrued Expenses	111.34	68.41	108.1	57.41	25.05	10.23
Short-Term Debt	1,470	1,258	667.54	547.23	435.42	107.67
Current Portion of Long-Term Debt	1,367	1,565	1,541	431.78	132.41	51.77
Current Portion of Leases	103.04	78.82	25.24	35.26	34.66	7.76
Current Income Taxes Payable	-	-	-	11.88	15.97	15.45
Current Unearned Revenue	38	34.81	17.57	31.16	20.23	7.81
Other Current Liabilities	411.11	3.85	10.73	4.73	3.04	2.7
Total Current Liabilities	4,552	3,940	2,934	1,257	760.87	267.49
Long-Term Debt	4,304	3,862	2,522	1,173	42.76	27.78
Long-Term Leases	247.4	38.64	151.95	24.65	46.6	22.34
Long-Term Unearned Revenue	-	-	-	-	0.23	0.71
Pension & Post-Retirement Benefits	84.68	72.68	59.76	30.48	11.34	2.82
Long-Term Deferred Tax Liabilities	775.45	324.76	194.1	191.48	129.88	4.47
Other Long-Term Liabilities	-	-	0	-	-	-
Total Liabilities	9,964	8,238	5,862	2,677	991.69	325.62
Common Stock	262.5	262.5	262.5	262.5	262.5	45
Additional Paid-In Capital	890.08	808.85	808.85	617.95	428.01	-
Retained Earnings	2,056	1,887	1,909	1,235	740.02	201.07
Comprehensive Income & Other	1,543	1,378	1,378	639.75	362.63	69.55
Shareholders' Equity	4,752	4,337	4,358	2,755	1,793	315.62
Total Liabilities & Equity	14,715	12,574	10,221	5,432	2,785	641.23
Total Debt	7,491	6,803	4,908	2,212	691.85	217.34
Net Cash (Debt)	-7,435	-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	-2,513	-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	4,683	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

Source: S&P Global Market Intelligence. Standard template. Financial Sources.