IST:GRSEL 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	2,055	1,841	695.13	419.41	43.2
Short-Term Investments	69.37	134.11	305.77	3.44	-
Cash & Short-Term Investments	2,125	1,976	1,001	422.85	43.2
Cash Growth	7.55%	97.38%	136.70%	878.81%	-
Accounts Receivable	3,042	3,035	1,431	706.88	162.79
Other Receivables	3.39	0.85	15.28	0.54	0.67
Receivables	3,046	3,036	1,447	707.41	163.46
Inventory	7.58	9.26	9.23	9.03	1.31
Prepaid Expenses	204.4	168.1	131.22	48.4	22.39
Other Current Assets	123.11	34.02	105.06	110.38	11.96
Total Current Assets	5,506	5,223	2,693	1,298	242.32
Property, Plant & Equipment	6,671	5,169	3,249	1,739	480.46
Long-Term Investments	157.54	-	-	-	-
Other Intangible Assets	1,606	1,025	915.52	562.39	3.08
Other Long-Term Assets	1,246	842.46	613.21	297.21	76.94
Total Assets	15,186	12,259	7,471	3,896	802.8
Accounts Payable	1,020	881.29	589.58	452.89	97.24
Accrued Expenses	238.4	187.32	161.27	43.16	11.46
Short-Term Debt	4.57	35.06	16.16	34.87	17.71
Current Portion of Long-Term Debt	379.78	517.3	840.53	233.31	60.91
Current Portion of Leases	22.96	3.83	4.08	1.47	0.56
Current Income Taxes Payable	-	123.7	58.74	9.23	-
Current Unearned Revenue	1,679	1,297	48.03	58.17	71.73
Other Current Liabilities	23.27	45.21	31.42	48.46	23.45
Total Current Liabilities	3,368	3,090	1,750	881.56	283.06
Long-Term Debt	98.57	103.08	170.93	171.58	51.23
Long-Term Leases	15.83	-	2.34	-	0.79
Long-Term Unearned Revenue	10.66	19.49	22.78	27.21	-
Pension & Post-Retirement Benefits	88.68	67.44	32.7	17.34	5.7
Long-Term Deferred Tax Liabilities	966.92	895.14	886.25	720.31	72.54
Other Long-Term Liabilities	-	-	-0	4.48	14.91
Total Liabilities	4,549	4,175	2,865	1,822	428.23
Common Stock	102	102	102	102	87
Additional Paid-In Capital	427.14	427.14	326.33	226.02	-
Retained Earnings	9,169	6,371	3,278	1,269	118.51
Treasury Stock	-	-10.23	-2.75	-	-
Comprehensive Income & Other	792.13	1,063	808.1	440.07	156.97
Total Common Equity	10,491	7,953	4,512	2,037	362.48
Minority Interest	146.1	130.67	94.29	36.45	12.09
Shareholders' Equity	10,637	8,084	4,606	2,074	374.57
Total Liabilities & Equity	15,186	12,259	7,471	3,896	802.8
Total Debt	521.71	659.27	1,034	441.23	131.2
Net Cash (Debt)	1,603	1,316	-33.13	-18.38	-88
Net Cash Growth	21.79%	-	-	-	-
Net Cash Per Share	15.72	12.91	-0.32	-0.18	-1.01
Filing Date Shares Outstanding	102	102	102	102	347.05
Total Common Shares Outstanding	102	102	102	102	347.05
Working Capital	2,137	2,133	943.12	416.5	-40.74
Book Value Per Share	102.85	77.97	44.23	19.97	1.04
Tangible Book Value	8,885	6,929	3,596	1,475	359.4
Tangible Book Value Per Share	87.11	67.93	35.26	14.46	1.04
Buildings	286.95	311.05	210.87	138.41	41.12
Machinery	6,884	5,502	3,123	1,630	470.19
Construction In Progress	25.18	21.12	12.18	3.6	2.13
Leasehold Improvements	16.11	7.55	5.56	3.85	0.45

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