IST:DESA 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	32.32	31.1	942.68	338.37	147.11
Short-Term Investments	1,817	1,886	236.05	437.79	-
Cash & Short-Term Investments	1,849	1,918	1,179	776.16	147.11
Cash Growth	-3.55%	62.68%	51.87%	427.60%	138.59%
Accounts Receivable	430.54	458.97	296.25	312.44	89.27
Other Receivables	2.54	19.93	20.15	14.4	7.25
Receivables	433.08	478.9	316.4	326.85	96.52
Inventory	1,253	840.1	465.02	332.5	154.91
Prepaid Expenses	10.09	21.86	7.68	3.52	1.31
Other Current Assets	43.66	157.77	463.78	85.13	21.67
Total Current Assets	3,590	3,416	2,432	1,524	421.52
Property, Plant & Equipment	1,483	1,272	849.98	567.12	174.32
Long-Term Investments	219.51	375.12	288.26	174.06	26.3
Other Intangible Assets	6.93	5.35	3.72	3.24	0.57
Long-Term Deferred Tax Assets	-	8.27	50.99	18.8	12.39
Other Long-Term Assets	37.31	128.37	114.63	47.9	0.34
Total Assets	5,336	5,206	3,739	2,335	635.44
Accounts Payable	719.43	812.37	601.58	551.55	153.49
Accrued Expenses	119.82	104.24	109.2	44.42	13.8
Short-Term Debt	0.35	1.62	3.56	9.95	3.82
Current Portion of Long-Term Debt	22.15	75.05	73.4	95.42	42.85
Current Portion of Leases	126.01	103.21	57.8	37.29	25.98
Current Income Taxes Payable	79.56	207.6	279.26	108.75	6.56
Current Unearned Revenue	76.65	130.91	52.49	41.79	7.64
Other Current Liabilities	97.36	39.37	14.2	35.11	6.82
Total Current Liabilities	1,241	1,474	1,191	924.3	260.97
Long-Term Debt	-	21.44	94.37	117.18	117.2
Long-Term Leases	165.36	177.2	59.61	38.03	21.23
Pension & Post-Retirement Benefits	50.91	26.3	25.53	12.79	5.32
Long-Term Deferred Tax Liabilities	44.26	-	23.63	139.72	22.63
Other Long-Term Liabilities	-	-	-	-	0.13
Total Liabilities	1,502	1,699	1,395	1,232	427.48
Common Stock	490	245	245	49.22	49.22
Retained Earnings	1,483	1,146	537.62	119.02	61.98
Comprehensive Income & Other	1,861	2,116	1,562	935.02	96.75
Shareholders' Equity	3,834	3,506	2,345	1,103	207.95
Total Liabilities & Equity	5,336	5,206	3,739	2,335	635.44
Total Debt	313.88	378.52	288.74	297.87	211.08
Net Cash (Debt)	1,536	1,539	889.99	478.29	-63.97
Net Cash Growth	-0.22%	72.92%	86.08%	-	-
Net Cash Per Share	3.13	3.14	1.82	0.98	-0.13
Filing Date Shares Outstanding	490	490	490	490	490
Total Common Shares Outstanding	490	490	490	490	490
Working Capital	2,348	1,942	1,240	599.86	160.55
Book Value Per Share	7.82	7.16	4.78	2.25	0.42
Tangible Book Value	3,827	3,501	2,341	1,100	207.38
Tangible Book Value Per Share	7.81	7.14	4.78	2.24	0.42
Land	181.94	166.7	127.36	88.21	31.03
Buildings	550.52	550.41	418.81	261.52	88.35
Machinery	845.54	796.03	579.98	387.78	38.99
Construction In Progress	5.81	0.72	0.78	0.36	0.08

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