IST:GESAN 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	691.74	455.9	887.54	934.21	147.09
Short-Term Investments	133.98	680.03	2,029	2.87	1
Cash & Short-Term Investments	825.73	1,136	2,916	937.08	148.09
Cash Growth	-27.31%	-61.05%	211.22%	532.78%	15.70%
Accounts Receivable	12,317	10,161	8,899	4,189	869.13
Other Receivables	346.88	133.1	400.03	122.2	2.12
Receivables	12,664	10,294	9,299	4,311	871.25
Inventory	5,998	2,632	2,692	1,387	338.07
Prepaid Expenses	1,052	30.74	22.33	6.1	1.5
Other Current Assets	710.72	1,034	1,282	561.08	162.12
Total Current Assets	21,250	15,126	16,211	7,202	1,521
Property, Plant & Equipment	8,162	5,252	4,934	2,252	481.06
Long-Term Investments	-	-	0.17	0.11	-
Other Intangible Assets	1,034	40.33	34.65	9.32	1.5
Long-Term Deferred Charges	-	646.94	580.65	253.42	23.83
Other Long-Term Assets	739.07	589.75	264.72	134.44	22.02
Total Assets	31,185	21,655	22,025	9,852	2,049
Accounts Payable	3,824	2,089	2,626	1,410	395.68
Accrued Expenses	164.31	177.58	137.54	50.72	23.16
Short-Term Debt	995.17	450.55	548.16	522.65	108.47
Current Portion of Long-Term Debt	823.53	332.34	457.95	387.62	106.95
Current Portion of Leases	-	1.59	9.77	12.37	2.71
Current Income Taxes Payable	-	81.54	117.23	70.95	6.71
Current Unearned Revenue	1,003	2,582	3,314	1,472	136.52
Other Current Liabilities	1,284	584.41	803.18	624.7	6.7
Total Current Liabilities	8,094	6,298	8,014	4,551	786.88
Long-Term Debt	2,245	569.8	670.48	434.78	200.68
Long-Term Leases	-	0.13	0.9	6.21	2.37
Pension & Post-Retirement Benefits	153.1	73.65	46.48	42.33	13.25
Long-Term Deferred Tax Liabilities	1,820	1,090	963.98	500.96	52.16
Other Long-Term Liabilities	6.36	-	-	-	-
Total Liabilities	12,318	8,032	9,695	5,535	1,055
Common Stock	460	460	460	115	115
Additional Paid-In Capital	3,226	2,464	2,665	760.94	230.65
Retained Earnings	6,947	4,617	3,397	1,950	373.94
Comprehensive Income & Other	3,006	2,193	2,449	1,031	192.75
Total Common Equity	13,639	9,735	8,970	3,857	912.34
Minority Interest	5,228	3,889	3,359	459.66	81.75
Shareholders' Equity	18,867	13,624	12,330	4,317	994.09
Total Liabilities & Equity	31,185	21,655	22,025	9,852	2,049
Total Debt	4,064	1,354	1,687	1,364	421.17
Net Cash (Debt)	-3,238	-218.46	1,229	-426.54	-273.08
Net Cash Per Share	-7.04	-0.47	2.67	-0.93	-0.59
Filing Date Shares Outstanding	460	460	460	460	460
Total Common Shares Outstanding	460	460	460	460	460
Working Capital	13,157	8,828	8,197	2,652	734.16
Book Value Per Share	29.65	21.16	19.50	8.39	1.98
Tangible Book Value	12,605	9,695	8,936	3,848	910.85
Tangible Book Value Per Share	27.40	21.08	19.43	8.37	1.98
Land	-	1,558	1,682	720.59	133.67
Buildings	-	1,746	1,793	781.74	168.16
Machinery	-	1,748	1,461	627.33	163.01
Construction In Progress	-	294.11	76.99	151.71	24.13
Leasehold Improvements	-	42.38	16.46	10.79	1.69

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