Hedef Holding A.S 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	0.8	0.55	9.15	4.66	0.5	1.47
Short-Term Investments	32.95	-	-	-	130.9	-
Trading Asset Securities	-	14.3	152.72	27.44	-	44.38
Cash & Short-Term Investments	33.75	14.85	161.87	32.1	131.4	45.85
Cash Growth	249.56%	-90.83%	404.20%	-75.57%	186.59%	-
Accounts Receivable	75.58	0.6	0.55	-	0.02	-
Other Receivables	0.11	0.03	0.13	0.02	14	0.08
Receivables	75.68	0.63	0.68	0.02	14.02	0.08
Prepaid Expenses	1.73	2.91	3.01	1.29	0.13	0
Other Current Assets	4.39	5.87	2.76	30.62	3.57	0.25
Total Current Assets	115.55	24.25	168.32	64.04	149.13	46.18
Property, Plant & Equipment	42.21	39.53	12.51	7.54	1.88	1.14
Long-Term Investments	5,030	3,078	4,194	3,940	674.31	382.77
Other Intangible Assets	0.3	0.17	0.08	0.07	-	-
Other Long-Term Assets	79.06	48.58	59.6	4.74	0.7	-
Total Assets	5,268	3,190	4,435	4,016	826.02	430.1
Accounts Payable	1.5	0.96	6.27	0.19	0.3	0.06
Accrued Expenses	1.83	1.13	1.14	1.42	0.11	0
Short-Term Debt	-	0.01	-	-	-	0
Current Portion of Leases	8.31	7.01	1.88	0.89	0.2	0.16
Current Income Taxes Payable	-	-	2.18	0.25	-	0.08
Other Current Liabilities	208.51	48.69	0.72	0.03	-	0.01
Total Current Liabilities	220.16	57.81	12.18	2.78	0.61	0.3
Long-Term Leases	10.04	9.05	4.53	2.81	0.3	0.29
Pension & Post-Retirement Benefits	0.88	0.46	0.22	0.04	-	0.03
Long-Term Deferred Tax Liabilities	602.33	444.14	545.48	516.81	88.68	79.59
Other Long-Term Liabilities	-	-	-	-0	-	-
Total Liabilities	833.41	511.45	562.41	522.44	89.59	80.21
Common Stock	1,949	1,875	375	375	300	27
Additional Paid-In Capital	-	-	-	-	45.32	-
Retained Earnings	599	156.11	2,005	2,191	391.12	322.88
Treasury Stock	594.16	-	-14.57	-	-	-
Comprehensive Income & Other	1,292	647.66	1,506	928.02	0	0
Shareholders' Equity	4,434	2,679	3,872	3,494	736.43	349.88
Total Liabilities & Equity	5,268	3,190	4,435	4,016	826.02	430.1
Total Debt	18.36	16.06	6.41	3.7	0.51	0.45
Net Cash (Debt)	15.4	-1.21	155.46	28.4	130.89	45.4
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	1,934	1,875	1,873	1,875	3,750	-
Total Common Shares Outstanding	1,934	1,875	1,873	1,875	3,750	-
Working Capital	-104.61	-33.55	156.14	61.26	148.52	45.88
Book Value Per Share	2.29	1.43	2.07	1.86	0.20	-
Tangible Book Value	4,434	2,679	3,872	3,493	736.43	349.88
Tangible Book Value Per Share	2.29	1.43	2.07	1.86	0.20	-
Machinery	-	6.41	3.44	3.2	1.54	-

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