IST:HOROZ 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	671.13	1,027	81.78	44.46	32.88
Cash & Short-Term Investments	671.13	1,027	81.78	44.46	32.88
Cash Growth	720.65%	1155.30%	83.93%	35.24%	-
Accounts Receivable	1,545	1,268	1,519	718.06	511.87
Other Receivables	29.14	105.12	86.98	152.35	112.97
Receivables	1,574	1,374	1,606	870.41	624.84
Prepaid Expenses	286.98	61.42	48.88	26.12	21.32
Other Current Assets	142.59	141.47	231.23	84.05	72.07
Total Current Assets	2,682	2,603	1,968	1,025	751.11
Property, Plant & Equipment	4,487	4,047	2,952	1,546	1,471
Long-Term Investments	-	-	-	69.51	71.11
Other Intangible Assets	31.63	30.61	23.02	12.24	14.83
Long-Term Deferred Tax Assets	-	-	12.94	56.12	60.8
Other Long-Term Assets	156.29	134.03	171.76	112.7	119.23
Total Assets	7,358	6,814	5,128	2,822	2,488
Accounts Payable	1,046	935.22	1,209	709.79	613.62
Accrued Expenses	74.27	169.03	166.73	101.12	72.43
Short-Term Debt	654.39	81.23	536.55	263.03	333.15
Current Portion of Long-Term Debt	42.65	38.79	22.17	39.89	42.53
Current Portion of Leases	-	620.86	378.22	341.17	284.87
Current Income Taxes Payable	20.32	2.47	8.82	8.53	5.21
Current Unearned Revenue	19.97	23.87	59.36	29.94	17.98
Other Current Liabilities	124.86	71.03	85.25	136.19	153.32
Total Current Liabilities	1,982	1,942	2,466	1,630	1,523
Long-Term Debt	1,808	54.73	46.5	18.26	20.01
Long-Term Leases	-	1,642	1,270	418.46	407.22
Long-Term Unearned Revenue	-	-	0.81	25.51	-
Long-Term Deferred Tax Liabilities	172.83	102.29	-	-	-
Other Long-Term Liabilities	107.72	97.68	134.92	80.11	120.94
Total Liabilities	4,071	3,839	3,918	2,172	2,071
Common Stock	90.49	90.49	72.49	100	100
Additional Paid-In Capital	1,161	1,055	-	-	-
Retained Earnings	607.45	546.99	-153.12	-163.43	-468.63
Comprehensive Income & Other	1,428	1,283	1,291	689.28	759.5
Total Common Equity	3,287	2,976	1,210	625.85	390.87
Minority Interest	-	-	0	24.24	25.53
Shareholders' Equity	3,287	2,976	1,210	650.1	416.4
Total Liabilities & Equity	7,358	6,814	5,128	2,822	2,488
Total Debt	2,505	2,437	2,253	1,081	1,088
Net Cash (Debt)	-1,834	-1,411	-2,171	-1,036	-1,055
Net Cash Per Share	-	-15.59	-29.95	-10.36	-10.55
Filing Date Shares Outstanding	-	90.49	72.49	100	100
Total Common Shares Outstanding	-	90.49	72.49	100	100
Working Capital	700.29	660.58	-497.99	-604.62	-772.02
Book Value Per Share	-	32.88	16.69	6.26	3.91
Tangible Book Value	3,255	2,945	1,187	613.62	376.04
Tangible Book Value Per Share	-	32.55	16.37	6.14	3.76
Land	-	131.52	131.52	91.1	107.08
Buildings	-	69.93	69.93	48.43	44.52
Machinery	-	1,817	1,545	336.36	289.48
Construction In Progress	-	-	-	0.42	-
Leasehold Improvements	-	231.83	195.99	-	-

Updated Mar 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.