Formet Metal ve Cam Sanayi A.S. (IST:FORMT)

IST:FORMT Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	115.24	129.03	60.6	142.88	29.9	46.11
Cash & Short-Term Investments	115.24	129.03	60.6	142.88	29.9	46.11
Cash Growth	-70.18%	112.91%	-57.58%	377.84%	-35.15%	232.26%
Accounts Receivable	389.18	419.9	444.59	299.49	208.93	88.23
Other Receivables	36.31	2.6	4.24	4.33	8.32	1.75
Receivables	425.48	422.5	448.83	303.81	217.25	89.98
Inventory	292.27	265.48	361.88	380.28	165.64	99.07
Prepaid Expenses	0.87	0.79	2.67	0.34	1.51	1.59
Other Current Assets	288.08	91.26	119.78	112.02	129.3	42.26
Total Current Assets	1,122	909.07	993.76	939.34	543.6	279
Property, Plant & Equipment	2,220	1,874	1,487	953.13	601.86	56.36
Other Intangible Assets	12.91	13.81	19	18.6	0.42	0.11
Long-Term Accounts Receivable	-	-	-	-	26.6	-
Long-Term Deferred Tax Assets	-	-	13.45	2.72	-	9.96
Other Long-Term Assets	-	-	-	-	12.04	2.14
Total Assets	3,501	2,797	2,513	1,914	1,185	347.57

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	174.57	155.21	173.9	172.92	204.28	64.47
Accrued Expenses	8.28	6.74	3.14	13.1	6.27	1.5
Short-Term Debt	50	23.63	102.77	47.31	34.47	2.26
Current Portion of Long-Term Debt	120.76	131.58	245.53	84.26	50.74	12
Current Portion of Leases	0.09	4.15	6.9	2.9	6.03	4.11
Current Income Taxes Payable	5.45	4.08	4.58	-	-	0.28
Current Unearned Revenue	205.15	157.87	247.16	106.35	89.34	18.89
Other Current Liabilities	23.14	22.17	26.99	6.74	14.92	3.23
Total Current Liabilities	587.43	505.43	810.97	433.58	406.05	106.74
Long-Term Debt	40.93	66.54	179.42	138.78	34.25	1.63
Long-Term Leases	-	3.68	16.79	4.91	8.47	8.77
Pension & Post-Retirement Benefits	16.44	11.54	7.85	1.57	7.75	2.33
Long-Term Deferred Tax Liabilities	131.26	99.32	-	-	23.55	-
Total Liabilities	776.07	686.5	1,015	578.85	480.06	119.48

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1,141	1,076	538.13	538.13	269.07	246
Additional Paid-In Capital	295.16	58.17	53.93	41.2	26.9	0
Retained Earnings	-1,411	-1,156	-1,048	-648.03	-360.87	-15.93
Treasury Stock	-	-	-50.01	-1.63	-	-
Comprehensive Income & Other	2,701	2,132	2,004	1,405	769.36	-1.98
Shareholders' Equity	2,725	2,111	1,498	1,335	704.46	228.09
Total Liabilities & Equity	3,501	2,797	2,513	1,914	1,185	347.57

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	211.78	229.58	551.42	278.16	133.96	28.78
Net Cash (Debt)	-96.55	-100.54	-490.82	-135.28	-104.06	17.32
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-0.09	-0.09	-0.91	-0.25	-0.50	0.09
Filing Date Shares Outstanding	1,141	1,076	538.13	538.13	269.07	246
Total Common Shares Outstanding	1,141	1,076	538.13	538.13	269.07	246
Working Capital	534.51	403.64	182.79	505.75	137.55	172.26
Book Value Per Share	2.39	1.96	2.78	2.48	2.62	0.93
Tangible Book Value	2,566	2,097	1,479	1,316	704.04	227.98
Tangible Book Value Per Share	2.25	1.95	2.75	2.45	2.62	0.93
Land	331.97	281.91	281.91	215.37	176.32	-
Buildings	1,291	1,082	739.05	326.55	219.52	2.7
Machinery	771.78	651.23	539.23	252.11	155.61	54.27
Construction In Progress	47.19	6.33	-	192.69	44.02	-
Leasehold Improvements	74.33	62.61	62.61	47.24	31.65	5.35

Data Source: S&P Global Market Intelligence Last updated: Aug 19, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 25, 2026

Data Sources Report a data error