IST:GESAN 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	483.14	691.74	596.74	887.54	934.21	147.09
Short-Term Investments	33.23	135.91	890.11	2,029	2.87	1
Cash & Short-Term Investments	516.38	827.65	1,487	2,916	937.08	148.09
Cash Growth	-61.77%	-44.34%	-49.02%	211.22%	532.78%	15.70%
Accounts Receivable	14,133	12,317	13,300	8,899	4,189	869.13
Other Receivables	1,080	344.96	174.21	400.03	122.2	2.12
Receivables	15,213	12,662	13,474	9,299	4,311	871.25
Inventory	8,805	5,998	3,445	2,692	1,387	338.07
Prepaid Expenses	1,889	125.39	40.24	22.33	6.1	1.5
Other Current Assets	870.3	1,637	1,353	1,282	561.08	162.12
Total Current Assets	27,294	21,250	19,799	16,211	7,202	1,521
Property, Plant & Equipment	9,110	8,162	6,875	4,934	2,252	481.06
Long-Term Investments	-	-	-	0.17	0.11	-
Other Intangible Assets	1,162	67.36	52.78	34.65	9.32	1.5
Long-Term Deferred Charges	-	966.2	846.8	580.65	253.42	23.83
Other Long-Term Assets	540.44	739.07	771.93	264.72	134.44	22.02
Total Assets	38,107	31,185	28,345	22,025	9,852	2,049
Accounts Payable	4,185	3,824	2,734	2,626	1,410	395.68
Accrued Expenses	270.17	164.31	232.44	137.54	50.72	23.16
Short-Term Debt	1,553	995.17	586.69	548.16	522.65	108.47
Current Portion of Long-Term Debt	802.74	823.53	435.01	457.95	387.62	106.95
Current Portion of Leases	-	-	2.08	9.77	12.37	2.71
Current Income Taxes Payable	-	-	106.73	117.23	70.95	6.71
Current Unearned Revenue	3,463	1,003	3,379	3,314	1,472	136.52
Other Current Liabilities	1,206	1,284	768	803.18	624.7	6.7
Total Current Liabilities	11,480	8,094	8,244	8,014	4,551	786.88
Long-Term Debt	2,739	2,245	745.82	670.48	434.78	200.68
Long-Term Leases	-	-	0.16	0.9	6.21	2.37
Pension & Post-Retirement Benefits	160.47	153.1	96.41	46.48	42.33	13.25
Long-Term Deferred Tax Liabilities	2,675	1,820	1,427	963.98	500.96	52.16
Other Long-Term Liabilities	-	6.36	-	-	-	-
Total Liabilities	17,054	12,318	10,513	9,695	5,535	1,055
Common Stock	460	460	460	460	115	115
Additional Paid-In Capital	3,549	3,226	3,226	2,665	760.94	230.65
Retained Earnings	7,826	6,947	6,044	3,397	1,950	373.94
Comprehensive Income & Other	3,503	3,006	3,013	2,449	1,031	192.75
Total Common Equity	15,339	13,639	12,742	8,970	3,857	912.34
Minority Interest	5,714	5,228	5,090	3,359	459.66	81.75
Shareholders' Equity	21,053	18,867	17,832	12,330	4,317	994.09
Total Liabilities & Equity	38,107	31,185	28,345	22,025	9,852	2,049
Total Debt	5,095	4,064	1,770	1,687	1,364	421.17
Net Cash (Debt)	-4,578	-3,236	-282.91	1,229	-426.54	-273.08
Net Cash Per Share	-	-7.03	-0.62	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	15,814	13,157	11,555	8,197	2,652	734.16
Book Value Per Share	-	29.65	27.70	19.50	8.39	1.98
Tangible Book Value	14,176	13,572	12,690	8,936	3,848	910.85
Tangible Book Value Per Share	-	29.50	27.59	19.43	8.37	1.98
Land	-	2,064	2,039	1,682	720.59	133.67
Buildings	-	2,288	2,286	1,793	781.74	168.16
Machinery	-	2,616	2,288	1,461	627.33	163.01
Construction In Progress	-	1,646	384.97	76.99	151.71	24.13
Leasehold Improvements	-	70.22	55.48	16.46	10.79	1.69

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