IST:DESA 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	88.98	23.76	942.68	338.37	147.11	61.66
Short-Term Investments	1,699	1,441	236.05	437.79	-	-
Cash & Short-Term Investments	1,788	1,465	1,179	776.16	147.11	61.66
Cash Growth	1.19%	24.28%	51.87%	427.60%	138.59%	218.93%
Accounts Receivable	455.12	350.64	296.25	312.44	89.27	25.99
Other Receivables	5.08	15.23	20.15	14.4	7.25	4.82
Receivables	460.19	365.87	316.4	326.85	96.52	30.81
Inventory	1,220	641.83	465.02	332.5	154.91	145.52
Prepaid Expenses	19.13	16.7	7.68	3.52	1.31	9.9
Other Current Assets	154.06	120.53	463.78	85.13	21.67	3.32
Total Current Assets	3,642	2,610	2,432	1,524	421.52	251.21
Property, Plant & Equipment	1,337	972.13	849.98	567.12	174.32	76.56
Long-Term Investments	260.41	286.58	288.26	174.06	26.3	17.49
Other Intangible Assets	8.15	4.09	3.72	3.24	0.57	0.59
Long-Term Deferred Tax Assets	-	51.36	50.99	18.8	12.39	7.64
Other Long-Term Assets	28.47	98.07	114.63	47.9	0.34	0.38
Total Assets	5,276	4,022	3,739	2,335	635.44	353.87
Accounts Payable	709.67	620.64	601.58	551.55	153.49	68.83
Accrued Expenses	99.43	100.63	109.2	44.42	13.8	6.46
Short-Term Debt	0.15	1.02	3.56	9.95	3.82	33.41
Current Portion of Long-Term Debt	37.45	57.33	73.4	95.42	42.85	20.73
Current Portion of Leases	99.86	78.85	57.8	37.29	25.98	12.68
Current Income Taxes Payable	199.5	158.61	279.26	108.75	6.56	1.17
Current Unearned Revenue	81.51	96.5	52.49	41.79	7.64	4.24
Other Current Liabilities	46.19	12.82	14.2	35.11	6.82	9.67
Total Current Liabilities	1,274	1,126	1,191	924.3	260.97	157.18
Long-Term Debt	-	16.38	94.37	117.18	117.2	75.37
Long-Term Leases	246.19	135.38	59.61	38.03	21.23	13.29
Pension & Post-Retirement Benefits	47.81	20.09	25.53	12.79	5.32	5.48
Long-Term Deferred Tax Liabilities	6.89	45.04	23.63	139.72	22.63	7.96
Other Long-Term Liabilities	-	-	-	-	0.13	-
Total Liabilities	1,575	1,343	1,395	1,232	427.48	259.28
Common Stock	490	245	245	49.22	49.22	49.22
Retained Earnings	1,443	875.31	537.62	119.02	61.98	15.57
Comprehensive Income & Other	1,769	1,559	1,562	935.02	96.75	29.79
Shareholders' Equity	3,701	2,679	2,345	1,103	207.95	94.58
Total Liabilities & Equity	5,276	4,022	3,739	2,335	635.44	353.87
Total Debt	383.65	288.97	288.74	297.87	211.08	155.48
Net Cash (Debt)	1,405	1,176	889.99	478.29	-63.97	-93.82
Net Cash Growth	51.66%	32.13%	86.08%	-	-	-
Net Cash Per Share	2.87	2.40	1.82	0.98	-0.13	-0.19
Filing Date Shares Outstanding	490	490	490	490	490	490
Total Common Shares Outstanding	490	490	490	490	490	490
Working Capital	2,368	1,483	1,240	599.86	160.55	94.03
Book Value Per Share	7.55	5.47	4.78	2.25	0.42	0.19
Tangible Book Value	3,693	2,675	2,341	1,100	207.38	93.99
Tangible Book Value Per Share	7.54	5.46	4.78	2.24	0.42	0.19
Land	159.74	127.36	127.36	88.21	31.03	-
Buildings	527.54	420.51	418.81	261.52	88.35	-
Machinery	766.35	608.16	579.98	387.78	38.99	-
Construction In Progress	1.01	0.55	0.78	0.36	0.08	-

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