Hedef Holding A.S 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	2.67	0.73	9.15	4.66	0.5
Short-Term Investments	-	-	-	-	130.9
Trading Asset Securities	38.63	18.71	152.72	27.44	-
Cash & Short-Term Investments	41.31	19.44	161.87	32.1	131.4
Cash Growth	112.52%	-87.99%	404.20%	-75.57%	186.59%
Accounts Receivable	10.86	0.78	0.55	-	0.02
Other Receivables	0.25	0.11	0.13	0.02	14
Receivables	11.11	0.89	0.68	0.02	14.02
Prepaid Expenses	0.81	3.81	3.01	1.29	0.13
Other Current Assets	5.43	7.61	2.76	30.62	3.57
Total Current Assets	58.66	31.75	168.32	64.04	149.13
Property, Plant & Equipment	56.76	51.74	12.51	7.54	1.88
Long-Term Investments	6,986	4,028	4,194	3,940	674.31
Other Intangible Assets	0.28	0.22	0.08	0.07	-
Other Long-Term Assets	13.46	63.58	59.6	4.74	0.7
Total Assets	7,115	4,176	4,435	4,016	826.02
Accounts Payable	0.15	1.26	6.27	0.19	0.3
Accrued Expenses	2	1.48	1.14	1.42	0.11
Short-Term Debt	0.1	0.01	-	-	-
Current Portion of Leases	8.49	9.18	1.88	0.89	0.2
Current Income Taxes Payable	2.65	2.57	2.18	0.25	-
Other Current Liabilities	834.14	61.17	0.72	0.03	-
Total Current Liabilities	847.54	75.66	12.18	2.78	0.61
Long-Term Leases	10.38	11.84	4.53	2.81	0.3
Pension & Post-Retirement Benefits	0.69	0.6	0.22	0.04	-
Long-Term Deferred Tax Liabilities	496.01	581.35	545.48	516.81	88.68
Other Long-Term Liabilities	-	-0	-	-0	-
Total Liabilities	1,355	669.45	562.41	522.44	89.59
Common Stock	1,949	1,875	375	375	300
Additional Paid-In Capital	620.04	-	-	-	45.32
Retained Earnings	1,759	204.34	2,005	2,191	391.12
Treasury Stock	-	-	-14.57	-	-
Comprehensive Income & Other	1,433	1,427	1,506	928.02	0
Shareholders' Equity	5,761	3,506	3,872	3,494	736.43
Total Liabilities & Equity	7,115	4,176	4,435	4,016	826.02
Total Debt	18.97	21.03	6.41	3.7	0.51
Net Cash (Debt)	22.33	-1.59	155.46	28.4	130.89
Net Cash Growth	-	-	447.34%	-78.30%	188.30%
Net Cash Per Share	0.01	-0.00	0.08	0.02	0.07
Filing Date Shares Outstanding	1,949	1,875	1,873	1,875	3,750
Total Common Shares Outstanding	1,949	1,875	1,873	1,875	3,750
Working Capital	-788.88	-43.92	156.14	61.26	148.52
Book Value Per Share	2.96	1.87	2.07	1.86	0.20
Tangible Book Value	5,760	3,506	3,872	3,493	736.43
Tangible Book Value Per Share	2.95	1.87	2.07	1.86	0.20
Machinery	7.9	8.39	3.44	3.2	1.54

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