IST:FRIGO 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	24.92	128.52	69.22	22.21	66.83	96.27
Trading Asset Securities	100	83.32	272.88	-	-	4.46
Cash & Short-Term Investments	124.92	211.84	342.1	22.21	66.83	100.73
Cash Growth	-68.32%	-38.08%	1440.02%	-66.76%	-33.65%	126.14%
Accounts Receivable	104.5	118.56	53.27	51.04	73.14	6.78
Other Receivables	43.03	36.78	178.79	34.98	50.64	9.85
Receivables	147.53	155.33	232.05	86.03	123.78	16.63
Inventory	875.63	894.29	913.85	535.18	442.33	127.21
Prepaid Expenses	250.34	5.21	29.62	181.92	3.7	9.13
Other Current Assets	52.83	45.91	20.52	17.4	20.15	14.23
Total Current Assets	1,451	1,313	1,538	842.74	656.8	267.93
Property, Plant & Equipment	1,373	1,222	943.65	554.84	405.06	146.3
Other Intangible Assets	0.72	0.66	0.06	0.47	0.66	0.03
Other Long-Term Assets	10.54	8.42	3.92	2.28	2.98	0.31
Total Assets	2,835	2,544	2,486	1,400	1,065	414.57
Accounts Payable	360.4	346.56	270.04	187.01	192.75	64.39
Accrued Expenses	42.23	41.08	39.96	23.47	14.39	4.31
Short-Term Debt	23.18	0.65	143.71	60.62	0.11	-
Current Portion of Long-Term Debt	-	87.47	-	8.9	8.3	4.02
Current Portion of Leases	142.28	128.79	29.57	63.92	2.71	0.39
Current Income Taxes Payable	-	0.01	-	-	8.9	-
Current Unearned Revenue	310.29	284.22	209.39	78.73	118.77	77.9
Other Current Liabilities	11.08	51.25	9.97	22.21	1.06	0.06
Total Current Liabilities	889.47	940.03	702.64	444.87	347	151.07
Long-Term Debt	58.96	2.52	-	3.64	12.45	12.07
Long-Term Leases	234.35	237.85	33.64	20.97	4.03	1.15
Pension & Post-Retirement Benefits	56.64	46.03	34.33	34.8	21.02	6.58
Long-Term Deferred Tax Liabilities	182.52	71.61	159.17	90.55	65.15	15.03
Total Liabilities	1,422	1,298	929.79	594.83	449.65	185.91
Common Stock	294.2	147.1	147.1	122.35	122.35	122.35
Additional Paid-In Capital	249.54	225.66	225.66	2.47	289.38	0.53
Retained Earnings	34.75	123.53	420.04	213.5	205.8	10.63
Comprehensive Income & Other	834.82	749.8	763.18	467.17	-1.69	95.16
Shareholders' Equity	1,413	1,246	1,556	805.49	615.84	228.66
Total Liabilities & Equity	2,835	2,544	2,486	1,400	1,065	414.57
Total Debt	458.77	457.28	206.92	158.06	27.6	17.64
Net Cash (Debt)	-333.85	-245.44	135.18	-135.84	39.24	83.09
Net Cash Growth	-	-	-	-	-52.78%	175.75%
Net Cash Per Share	-	-0.58	0.32	-0.38	0.11	0.24
Filing Date Shares Outstanding	-	425	425	353.49	353.49	353.49
Total Common Shares Outstanding	-	425	425	353.49	353.49	353.49
Working Capital	561.78	372.56	835.52	397.88	309.8	116.86
Book Value Per Share	-	2.93	3.66	2.28	1.74	0.65
Tangible Book Value	1,413	1,245	1,556	805.02	615.18	228.64
Tangible Book Value Per Share	-	2.93	3.66	2.28	1.74	0.65
Land	-	263.17	263.17	154.31	106.88	39.49
Buildings	-	145.56	143.79	64.02	40.69	14.96
Machinery	-	817.3	747.83	449.75	306.85	91.91
Construction In Progress	-	13.24	1.8	-	-	-
Leasehold Improvements	-	43.68	1.48	1.13	0.78	0.06

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