IST:CUSAN 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	50.22	481.8	268.3	148.86	64.99	33.8
Trading Asset Securities	-	0.52	0.34	0.09	-	-
Cash & Short-Term Investments	50.73	482.31	268.64	148.96	64.99	33.8
Cash Growth	-93.80%	79.54%	80.35%	129.20%	92.27%	79.72%
Accounts Receivable	802.37	829.97	998.2	1,073	262.73	127.51
Other Receivables	53.45	8.43	4.41	8.95	3.9	1.55
Receivables	855.82	838.4	1,003	1,082	266.63	129.05
Inventory	984.4	989.71	1,124	1,009	308.39	100.52
Prepaid Expenses	22.74	25.89	19.81	12.47	1.16	0.54
Other Current Assets	87.46	82.7	88.96	109.76	49.48	17.07
Total Current Assets	2,001	2,419	2,504	2,362	690.65	280.98
Property, Plant & Equipment	2,808	1,688	718.53	564.22	109.8	103.2
Other Intangible Assets	100.63	7.32	11.41	9.72	1.34	1.25
Long-Term Deferred Tax Assets	92.64	11.03	31.53	-	-	-
Long-Term Deferred Charges	-	48.14	22.08	5.86	-	3.11
Other Long-Term Assets	150.36	79.86	88.18	75.39	20.15	9.49
Total Assets	5,153	4,253	3,376	3,017	821.94	398.04
Accounts Payable	445.58	156.28	219.34	253.21	117.04	40.48
Accrued Expenses	63.78	67.51	54.05	40.85	12.34	6.83
Short-Term Debt	877.56	493.98	417.97	1,079	143.68	23.39
Current Portion of Long-Term Debt	489.41	149.97	153.53	-	-	7.82
Current Portion of Leases	17.93	23.14	4.13	4.72	1.32	1.74
Current Income Taxes Payable	-	-	16.99	16.39	8.74	0.69
Current Unearned Revenue	847.75	858.4	1,201	323.12	198.07	95.15
Other Current Liabilities	253.05	119.62	29.85	13.53	4.58	1.5
Total Current Liabilities	2,995	1,869	2,097	1,731	485.78	177.6
Long-Term Debt	1,062	949.13	128.94	-	-	-
Long-Term Leases	-	-	3.31	6.8	12.93	14.42
Pension & Post-Retirement Benefits	48.07	54.76	25.35	30.49	7.87	6.6
Long-Term Deferred Tax Liabilities	-	-	-	123.36	14.29	4.08
Other Long-Term Liabilities	414.57	528.79	-	-	-	-
Total Liabilities	4,519	3,402	2,254	1,892	520.87	202.7
Common Stock	71.25	71.25	71.25	71.25	71.25	71.25
Additional Paid-In Capital	81.6	65.05	65.05	45.06	6.65	6.65
Retained Earnings	-427.31	-15.71	172.29	349.11	172.45	85.52
Treasury Stock	-5.87	-21.71	-26.04	-9.48	-	-
Comprehensive Income & Other	1,156	858.16	884.71	599.55	25.82	27.81
Total Common Equity	875.21	957.04	1,167	1,055	276.17	191.23
Minority Interest	-241.95	-105.18	-45.58	69.87	24.9	4.1
Shareholders' Equity	633.26	851.86	1,122	1,125	301.07	195.34
Total Liabilities & Equity	5,153	4,253	3,376	3,017	821.94	398.04
Total Debt	2,447	1,616	707.88	1,091	157.93	47.38
Net Cash (Debt)	-2,396	-1,134	-439.24	-941.63	-92.94	-13.58
Net Cash Per Share	-33.63	-15.91	-6.16	-13.22	-1.30	-0.19
Filing Date Shares Outstanding	71.25	71.25	71.25	70.85	71.25	71.25
Total Common Shares Outstanding	71.25	71.25	71.25	70.85	71.25	71.25
Working Capital	-993.9	550.11	407.55	630.82	204.88	103.38
Book Value Per Share	12.28	13.43	16.38	14.90	3.88	2.68
Tangible Book Value	774.58	949.72	1,156	1,046	274.83	189.98
Tangible Book Value Per Share	10.87	13.33	16.22	14.76	3.86	2.67
Land	-	958.5	284.17	196.82	27.65	27.65
Buildings	-	82.78	82.78	57.33	10.05	10.05
Machinery	-	1,482	1,458	1,022	109.21	92.42
Construction In Progress	-	340.53	11.01	18.94	4.02	1.25
Leasehold Improvements	-	204.68	200.43	131.38	20.1	16.89

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