IST:HUNER 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	21.44	154.43	50.01	82.51	7.16
Short-Term Investments	49.44	33.8	-	-	-
Accounts Receivable	43.27	85.42	44.18	30.02	33.33
Other Receivables	96.73	53.76	59.16	5.72	151.55
Inventory	56.26	63.26	25.85	9.12	2.18
Prepaid Expenses	52.87	79.25	44.68	25.25	-
Other Current Assets	33.54	41.81	22.63	23.3	7.62
Total Current Assets	353.55	511.73	246.5	175.92	201.83
Property, Plant & Equipment	7,148	6,087	6,079	4,008	2,590
Other Intangible Assets	1,677	1,397	1.93	-	-
Long-Term Investments	0	0	0	-	-
Other Long-Term Assets	1.62	47.56	11.79	17.82	0.9
Total Assets	9,180	8,043	6,339	4,201	2,793
Accounts Payable	138.96	178.78	106.34	79.73	28.85
Accrued Expenses	9.19	7.69	3.63	1.93	1.42
Current Portion of Long-Term Debt	500.51	321.39	613.9	134.93	115.03
Current Unearned Revenue	-	0.07	0.7	1.56	5.62
Current Portion of Leases	387.48	292.17	236.53	151.53	91.28
Current Income Taxes Payable	3.64	0.76	0.65	1.85	0.89
Other Current Liabilities	81.99	184.29	26.54	121.16	2.48
Total Current Liabilities	1,122	985.14	988.28	492.69	245.56
Long-Term Debt	1,551	1,534	1,661	1,180	1,073
Long-Term Leases	489.05	405.92	286.84	313.84	255.04
Long-Term Unearned Revenue	-	-	-	0	0.01
Pension & Post-Retirement Benefits	2.87	1.51	1.25	0.34	0.13
Long-Term Deferred Tax Liabilities	881.4	524.49	372.92	240.84	159.06
Other Long-Term Liabilities	78.34	42.02	22.33	9.87	5.15
Total Liabilities	4,124	3,493	3,332	2,238	1,738
Common Stock	1,000	1,000	580	580	500
Additional Paid-In Capital	732.81	624.25	57.38	57.38	-
Retained Earnings	874.82	1,110	612.83	549.7	379.11
Treasury Stock	-4.45	-	-	-	-
Comprehensive Income & Other	2,456	1,817	1,746	706.14	169.02
Total Common Equity	5,059	4,551	2,996	1,893	1,048
Minority Interest	-2.83	-0.93	10.71	70.03	7.06
Shareholders' Equity	5,056	4,550	3,007	1,963	1,055
Total Liabilities & Equity	9,180	8,043	6,339	4,201	2,793
Total Debt	2,928	2,553	2,798	1,781	1,534
Net Cash (Debt)	-2,857	-2,365	-2,748	-1,698	-1,527
Net Cash Per Share	-2.86	-2.37	-4.74	-2.94	-11.11
Filing Date Shares Outstanding	1,000	1,000	580	580	580
Total Common Shares Outstanding	1,000	1,000	580	580	500
Working Capital	-768.21	-473.41	-741.78	-316.77	-43.72
Book Value Per Share	5.06	4.55	5.17	3.26	2.10
Tangible Book Value	3,382	3,154	2,994	1,893	1,048
Tangible Book Value Per Share	3.38	3.15	5.16	3.26	2.10
Land	14.62	11.55	9.64	6.33	4.25
Buildings	710.61	584.63	487.82	309.85	215.05
Machinery	1,676	1,962	3,116	1,865	1,275
Construction In Progress	12.96	-	0.05	48.46	13.69

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