IST:GESAN Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	564.59	455.9	887.54	934.21	147.09	127.7
Short-Term Investments	80.22	680.03	2,029	2.87	1	0.3
Cash & Short-Term Investments	644.81	1,136	2,916	937.08	148.09	127.99
Cash Growth	-67.83%	-61.05%	211.22%	532.78%	15.70%	127.83%
Accounts Receivable	11,285	10,161	8,899	4,189	869.13	240.35
Other Receivables	422.11	133.1	400.03	122.2	2.12	1.41
Receivables	11,707	10,294	9,299	4,311	871.25	241.75
Inventory	5,025	2,632	2,692	1,387	338.07	242.2
Prepaid Expenses	75.61	30.74	22.33	6.1	1.5	0.75
Other Current Assets	1,659	1,034	1,282	561.08	162.12	20.13
Total Current Assets	19,112	15,126	16,211	7,202	1,521	632.83
Property, Plant & Equipment	7,182	5,252	4,934	2,252	481.06	175.64
Long-Term Investments	-	-	0.17	0.11	-	-
Other Intangible Assets	945.61	40.33	34.65	9.32	1.5	0.43
Long-Term Deferred Charges	-	646.94	580.65	253.42	23.83	9.52
Other Long-Term Assets	621.48	589.75	264.72	134.44	22.02	12.46
Total Assets	27,862	21,655	22,025	9,852	2,049	830.88
Accounts Payable	3,139	2,089	2,626	1,410	395.68	116.44
Accrued Expenses	153.28	177.58	137.54	50.72	23.16	11.96
Short-Term Debt	389.97	450.55	548.16	522.65	108.47	2.15
Current Portion of Long-Term Debt	584.19	332.34	457.95	387.62	106.95	193.31
Current Portion of Leases	-	1.59	9.77	12.37	2.71	2.32
Current Income Taxes Payable	-	81.54	117.23	70.95	6.71	1.29
Current Unearned Revenue	1,661	2,582	3,314	1,472	136.52	22.6
Other Current Liabilities	396.66	584.41	803.18	624.7	6.7	6.47
Total Current Liabilities	6,324	6,298	8,014	4,551	786.88	356.52
Long-Term Debt	1,899	569.8	670.48	434.78	200.68	124.19
Long-Term Leases	-	0.13	0.9	6.21	2.37	2.75
Pension & Post-Retirement Benefits	129.83	73.65	46.48	42.33	13.25	2.76
Long-Term Deferred Tax Liabilities	1,265	1,090	963.98	500.96	52.16	3.78
Total Liabilities	9,624	8,032	9,695	5,535	1,055	489.99
Common Stock	460	460	460	115	115	100
Additional Paid-In Capital	3,091	2,464	2,665	760.94	230.65	-
Retained Earnings	6,607	4,617	3,397	1,950	373.94	153.45
Comprehensive Income & Other	2,910	2,193	2,449	1,031	192.75	55.7
Total Common Equity	13,068	9,735	8,970	3,857	912.34	309.15
Minority Interest	5,170	3,889	3,359	459.66	81.75	31.74
Shareholders' Equity	18,238	13,624	12,330	4,317	994.09	340.89
Total Liabilities & Equity	27,862	21,655	22,025	9,852	2,049	830.88
Total Debt	2,873	1,354	1,687	1,364	421.17	324.71
Net Cash (Debt)	-2,228	-218.46	1,229	-426.54	-273.08	-196.71
Net Cash Per Share	-4.84	-0.47	2.67	-0.93	-0.59	-0.49
Filing Date Shares Outstanding	460	460	460	460	460	400
Total Common Shares Outstanding	460	460	460	460	460	400
Working Capital	12,788	8,828	8,197	2,652	734.16	276.31
Book Value Per Share	28.41	21.16	19.50	8.39	1.98	0.77
Tangible Book Value	12,122	9,695	8,936	3,848	910.85	308.72
Tangible Book Value Per Share	26.35	21.08	19.43	8.37	1.98	0.77
Land	1,978	1,558	1,682	720.59	133.67	48.9
Buildings	2,194	1,746	1,793	781.74	168.16	70.57
Machinery	2,472	1,748	1,461	627.33	163.01	48.54
Construction In Progress	903.48	294.11	76.99	151.71	24.13	7.75
Leasehold Improvements	53.8	42.38	16.46	10.79	1.69	1.43

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.