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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	727.93	1,027	81.78	44.46	32.88
Cash & Short-Term Investments	727.93	1,027	81.78	44.46	32.88
Cash Growth	-19.42%	1155.30%	83.93%	35.24%	-
Accounts Receivable	1,754	1,268	1,519	718.06	511.87
Other Receivables	262.56	104.94	86.98	152.35	112.97
Receivables	2,016	1,373	1,606	870.41	624.84
Prepaid Expenses	93.86	61.42	48.88	26.12	21.32
Other Current Assets	220.82	141.66	231.23	84.05	72.07
Total Current Assets	3,076	2,603	1,968	1,025	751.11
Property, Plant & Equipment	4,771	4,047	2,952	1,546	1,471
Long-Term Investments	-	-	-	69.51	71.11
Other Intangible Assets	29.54	30.61	23.02	12.24	14.83
Long-Term Deferred Tax Assets	-	-	12.94	56.12	60.8
Other Long-Term Assets	167.99	134.03	171.76	112.7	119.23
Total Assets	8,045	6,814	5,128	2,822	2,488
Accounts Payable	1,207	935.22	1,209	709.79	613.62
Accrued Expenses	182.32	169.03	166.73	101.12	72.43
Short-Term Debt	195.25	81.23	536.55	263.03	333.15
Current Portion of Long-Term Debt	38.68	38.79	22.17	39.89	42.53
Current Portion of Leases	724.92	620.86	378.22	341.17	284.87
Current Income Taxes Payable	-	2.47	8.82	8.53	5.21
Current Unearned Revenue	18.26	23.87	59.36	29.94	17.98
Other Current Liabilities	84.8	71.03	85.25	136.19	153.32
Total Current Liabilities	2,451	1,942	2,466	1,630	1,523
Long-Term Debt	47.57	54.73	46.5	18.26	20.01
Long-Term Leases	1,830	1,642	1,270	418.46	407.22
Long-Term Unearned Revenue	-	-	0.81	25.51	-
Long-Term Deferred Tax Liabilities	175.4	102.29	-	-	-
Other Long-Term Liabilities	-	97.68	134.92	80.11	120.94
Total Liabilities	4,621	3,839	3,918	2,172	2,071
Common Stock	90.49	90.49	72.49	100	100
Additional Paid-In Capital	1,231	1,055	-	-	-
Retained Earnings	591.61	546.99	-153.12	-163.43	-468.63
Comprehensive Income & Other	1,510	1,283	1,291	689.28	759.5
Total Common Equity	3,423	2,976	1,210	625.85	390.87
Minority Interest	-	-	0	24.24	25.53
Shareholders' Equity	3,423	2,976	1,210	650.1	416.4
Total Liabilities & Equity	8,045	6,814	5,128	2,822	2,488
Total Debt	2,837	2,437	2,253	1,081	1,088
Net Cash (Debt)	-2,109	-1,411	-2,171	-1,036	-1,055
Net Cash Per Share	-23.30	-15.59	-29.95	-10.36	-10.55
Filing Date Shares Outstanding	90.49	90.49	72.49	100	100
Total Common Shares Outstanding	90.49	90.49	72.49	100	100
Working Capital	624.69	660.58	-497.99	-604.62	-772.02
Book Value Per Share	37.83	32.88	16.69	6.26	3.91
Tangible Book Value	3,394	2,945	1,187	613.62	376.04
Tangible Book Value Per Share	37.51	32.55	16.37	6.14	3.76
Land	153.45	131.52	131.52	91.1	107.08
Buildings	81.59	69.93	69.93	48.43	44.52
Machinery	2,228	1,817	1,545	336.36	289.48
Construction In Progress	1.59	-	-	0.42	-
Leasehold Improvements	301.19	231.83	195.99	-	-

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