IST:EMKEL 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	9.08	70.44	10.97	76.99	6.33	7.99
Cash & Short-Term Investments	9.08	70.44	10.97	76.99	6.33	7.99
Cash Growth	-53.91%	542.02%	-85.75%	1115.80%	-20.78%	92.01%
Accounts Receivable	494.64	432.92	293.15	239.03	165.84	56.79
Other Receivables	124.07	29.74	59.12	130.26	9.85	6.47
Receivables	618.72	462.66	352.27	369.29	175.69	63.26
Inventory	681.1	813.5	897.23	446.55	266.82	132.47
Prepaid Expenses	173.16	10.05	24.78	7.91	8.95	0.07
Other Current Assets	16.33	1.89	2.69	3.21	9.22	7.11
Total Current Assets	1,498	1,359	1,288	903.95	467	210.9
Property, Plant & Equipment	812.45	741.69	752.05	675.53	468.98	124.48
Long-Term Investments	-	-	-	0.83	1.49	0.56
Other Intangible Assets	138.25	116.4	64.48	52.56	22.42	0.41
Long-Term Deferred Tax Assets	-	-	-	-	-	1.24
Long-Term Deferred Charges	-	10.79	10.79	11.84	-	-
Other Long-Term Assets	17.88	10.99	9.96	9.56	4.49	9.84
Total Assets	2,467	2,238	2,125	1,654	964.39	347.44
Accounts Payable	366.02	281.14	358.23	324.63	221.61	113.9
Accrued Expenses	15.88	27.45	32.71	38.56	31.79	13.87
Short-Term Debt	108.33	131.89	0.25	-	-	-
Current Portion of Long-Term Debt	1.51	0.25	136.36	45.2	9.17	7.5
Current Portion of Leases	108.56	78.33	0.34	0.35	0.33	0.55
Current Income Taxes Payable	-	-	-	-	-	2.81
Current Unearned Revenue	525.86	484.96	334.36	204.39	91.27	23.98
Other Current Liabilities	17.22	0.5	106.52	11.33	3.2	2.57
Total Current Liabilities	1,143	1,005	968.78	624.46	357.39	165.17
Long-Term Debt	1.29	2.51	0.06	33.21	46.14	33.28
Long-Term Leases	180.79	196.37	-	-	0.2	0.37
Pension & Post-Retirement Benefits	12.23	12.13	44.14	24.63	38.6	10.72
Long-Term Deferred Tax Liabilities	77.33	40.09	60.26	78.47	25.27	-
Other Long-Term Liabilities	1.02	2.95	19.62	30.78	13.84	0.57
Total Liabilities	1,416	1,259	1,093	791.55	481.43	210.11
Common Stock	150	150	150	149.87	75	75
Additional Paid-In Capital	25.45	23.12	23.12	14.83	10.27	1.37
Retained Earnings	-446.09	-379.81	-323.14	-235.58	-131.23	-10.96
Comprehensive Income & Other	1,322	1,187	1,182	936.11	525.97	70.87
Total Common Equity	1,051	979.84	1,032	865.24	480.02	136.28
Minority Interest	-	-	-	-2.53	2.94	1.05
Shareholders' Equity	1,051	979.84	1,032	862.71	482.96	137.32
Total Liabilities & Equity	2,467	2,238	2,125	1,654	964.39	347.44
Total Debt	400.48	409.35	137.01	78.75	55.84	41.7
Net Cash (Debt)	-391.4	-338.91	-126.03	-1.77	-49.5	-33.71
Net Cash Per Share	-	-2.26	-0.84	-0.02	-0.66	-0.45
Filing Date Shares Outstanding	-	150	150	150	75	75
Total Common Shares Outstanding	-	150	150	150	75	75
Working Capital	355.02	354.02	319.15	279.49	109.62	45.73
Book Value Per Share	-	6.53	6.88	5.77	6.40	1.82
Tangible Book Value	912.69	863.44	967.88	812.68	457.59	135.86
Tangible Book Value Per Share	-	5.76	6.45	5.42	6.10	1.81
Land	-	141.54	399.57	389.98	281.76	81.28
Buildings	-	397.64	111.68	87.71	47.78	11.17
Machinery	-	618.93	614.38	476.09	329.87	49.15
Construction In Progress	-	5.51	5.51	4.21	2.91	0.57

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