IST:GEREL 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	31.63	44.13	78.08	98.24	58.36
Cash & Short-Term Investments	31.63	44.13	78.08	98.24	58.36
Cash Growth	-28.33%	-43.47%	-20.53%	68.33%	24.66%
Accounts Receivable	858.91	590.62	439	273.42	146.71
Other Receivables	20.09	6.61	0.02	0.22	0.06
Receivables	879	597.22	439.03	273.64	146.77
Inventory	1,918	1,158	340.12	316.32	103.53
Prepaid Expenses	39.88	65.17	32.98	4.06	0.36
Restricted Cash	-	-	-	1.56	0.52
Other Current Assets	323.86	436.22	91.04	68.06	13.03
Total Current Assets	3,192	2,301	981.24	761.89	322.58
Property, Plant & Equipment	1,866	1,819	592.13	412.28	105.57
Other Intangible Assets	10.93	12.45	1.63	1.53	0.2
Long-Term Deferred Tax Assets	-	58.87	30.74	13.55	29.13
Other Long-Term Assets	194.07	11.03	10.6	20.91	12.5
Total Assets	5,263	4,202	1,616	1,210	469.99
Accounts Payable	382.04	1,453	352.55	182.75	79.85
Accrued Expenses	186	62.91	90.03	21.97	9.18
Short-Term Debt	689.61	158	85.52	78.04	55.23
Current Portion of Long-Term Debt	269.73	461.06	209.84	125.34	79.81
Current Income Taxes Payable	3.55	16.98	23.12	10.52	1.89
Current Unearned Revenue	93.22	58.18	73.26	132.35	16.61
Other Current Liabilities	10.53	16	17.72	13.58	1.28
Total Current Liabilities	1,635	2,226	852.05	564.55	243.86
Long-Term Debt	159.23	225.63	48.54	80.7	64.43
Long-Term Leases	32.44	4.94	-	-	-
Pension & Post-Retirement Benefits	161.66	143.05	22.37	13.13	2.17
Long-Term Deferred Tax Liabilities	24.12	-	-	-	-
Other Long-Term Liabilities	-	447.68	45.43	51.84	27.05
Total Liabilities	2,012	3,048	968.39	710.23	337.52
Common Stock	372.48	240	80	80	80
Additional Paid-In Capital	2,033	259.94	363.86	252.02	47.5
Retained Earnings	386.03	249.86	-896.67	-505.68	14.58
Comprehensive Income & Other	459.09	415.83	1,101	674.66	-8.73
Total Common Equity	3,250	1,166	647.87	501	133.35
Minority Interest	0.43	-11.25	0.07	-1.07	-0.87
Shareholders' Equity	3,251	1,154	647.94	499.94	132.47
Total Liabilities & Equity	5,263	4,202	1,616	1,210	469.99
Total Debt	1,151	849.63	343.9	284.08	199.48
Net Cash (Debt)	-1,119	-805.5	-265.82	-185.84	-141.11
Net Cash Per Share	-3.01	-3.36	-1.11	-0.77	-0.59
Filing Date Shares Outstanding	372.48	240	240	240	240
Total Common Shares Outstanding	372.48	240	240	240	240
Working Capital	1,557	74.49	129.19	197.33	78.72
Book Value Per Share	8.73	4.86	2.70	2.09	0.56
Tangible Book Value	3,240	1,153	646.24	499.47	133.14
Tangible Book Value Per Share	8.70	4.80	2.69	2.08	0.55
Land	4.98	5.23	5.76	4.17	12.17
Buildings	717.61	707.91	576.83	403.78	79.68
Machinery	723.1	682.4	491.99	340.08	63.18
Construction In Progress	1,147	1,099	41.54	19.61	4.89
Leasehold Improvements	-	-	-	1.34	0.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.