IST:HUNER 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	26.56	154.43	50.01	82.51	7.16	3.12
Short-Term Investments	25.71	33.8	-	-	-	-
Accounts Receivable	101.86	85.42	44.18	30.02	33.33	10.52
Other Receivables	50.24	53.75	59.16	5.72	151.55	0.65
Inventory	83.11	63.26	25.85	9.12	2.18	0.53
Prepaid Expenses	54.51	79.25	44.68	25.25	-	0
Other Current Assets	47.57	41.81	22.63	23.3	7.62	13.04
Total Current Assets	389.56	511.72	246.5	175.92	201.83	27.86
Property, Plant & Equipment	6,979	6,087	6,079	4,008	2,590	1,095
Other Intangible Assets	1,603	1,397	1.93	-	-	-
Long-Term Investments	0	0	0	-	-	-
Other Long-Term Assets	28.67	47.56	11.79	17.82	0.9	12.16
Total Assets	9,000	8,043	6,339	4,201	2,793	1,135
Accounts Payable	209.2	178.85	106.34	79.73	28.85	109.64
Accrued Expenses	8.81	7.69	3.63	1.93	1.42	0.06
Current Portion of Long-Term Debt	706.12	497.73	613.9	134.93	115.03	25.48
Current Unearned Revenue	-	0.07	0.7	1.56	5.62	0.98
Current Portion of Leases	361.27	292.17	236.53	151.53	91.28	48.29
Current Income Taxes Payable	6.43	0.76	0.65	1.85	0.89	0.9
Other Current Liabilities	18.82	7.94	26.54	121.16	2.48	0
Total Current Liabilities	1,311	985.21	988.28	492.69	245.56	185.36
Long-Term Debt	1,488	1,534	1,661	1,180	1,073	277.88
Long-Term Leases	322.15	405.92	286.84	313.84	255.04	205.85
Long-Term Unearned Revenue	-	-	-	0	0.01	0.01
Pension & Post-Retirement Benefits	1.7	1.51	1.25	0.34	0.13	0.02
Long-Term Deferred Tax Liabilities	782.48	524.49	372.92	240.84	159.06	88.92
Other Long-Term Liabilities	56.92	42.02	22.33	9.87	5.15	0.66
Total Liabilities	3,962	3,493	3,332	2,238	1,738	758.69
Common Stock	1,000	1,000	580	580	500	0.05
Additional Paid-In Capital	732.81	624.25	57.38	57.38	-	-
Retained Earnings	1,013	1,110	612.83	549.7	379.11	12.45
Comprehensive Income & Other	2,301	1,817	1,746	706.14	169.02	363.52
Total Common Equity	5,043	4,551	2,996	1,893	1,048	376.03
Minority Interest	-4.83	-0.93	10.71	70.03	7.06	-
Shareholders' Equity	5,038	4,550	3,007	1,963	1,055	376.03
Total Liabilities & Equity	9,000	8,043	6,339	4,201	2,793	1,135
Total Debt	2,878	2,730	2,798	1,781	1,534	557.51
Net Cash (Debt)	-2,826	-2,541	-2,748	-1,698	-1,527	-554.39
Net Cash Per Share	-2.83	-2.54	-4.74	-2.94	-11.11	-0.96
Filing Date Shares Outstanding	1,000	1,000	580	580	580	580
Total Common Shares Outstanding	1,000	1,000	580	580	500	580
Working Capital	-921.1	-473.49	-741.78	-316.77	-43.72	-157.5
Book Value Per Share	5.04	4.55	5.17	3.26	2.10	0.65
Tangible Book Value	3,439	3,154	2,994	1,893	1,048	376.03
Tangible Book Value Per Share	3.44	3.15	5.16	3.26	2.10	0.65
Land	14.17	11.55	9.64	6.33	4.25	2.25
Buildings	688.4	584.63	487.82	309.85	215.05	2.04
Machinery	2,321	1,962	3,116	1,865	1,275	136.88
Construction In Progress	11.89	-	0.05	48.46	13.69	220.47

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