Ihlas Gazetecilik A.S. 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	33.79	21.96	16.26	86.39	170.45
Short-Term Investments	168.02	167.61	126.5	98.59	43.5
Cash & Short-Term Investments	201.82	189.57	142.76	184.98	213.95
Cash Growth	6.46%	32.79%	-22.82%	-13.54%	21179.53%
Accounts Receivable	723.32	754.26	552.93	315.58	121.65
Other Receivables	444.22	114.64	137.95	215.7	172.01
Receivables	1,168	868.9	690.87	531.28	293.66
Inventory	168.11	202.85	209.82	257.19	55.94
Prepaid Expenses	4.35	1.93	2.8	1.02	0.09
Other Current Assets	25.38	19.35	16.42	49.09	31.6
Total Current Assets	1,567	1,283	1,063	1,024	595.23
Property, Plant & Equipment	860.51	860.98	656.97	371.66	82.08
Long-Term Investments	94.23	108.47	94.73	57.17	36.27
Other Intangible Assets	783.83	760.18	389.77	610.56	44.3
Other Long-Term Assets	1,628	2,050	1,438	1,053	336.64
Total Assets	4,934	5,062	3,643	3,116	1,095
Accounts Payable	65.65	84.58	69.97	40.56	19.89
Accrued Expenses	189.73	157.74	200.49	64.03	10.63
Short-Term Debt	-	3.16	-	-	-
Current Portion of Long-Term Debt	-	-	9.36	8.82	4.8
Current Portion of Leases	9.2	20.45	17.73	9.82	4.89
Current Income Taxes Payable	34.79	-	6.02	3.6	-
Current Unearned Revenue	9.4	329.23	13.78	2.59	0.53
Other Current Liabilities	3.14	4.29	2.48	2.26	0.96
Total Current Liabilities	311.92	599.45	319.81	131.67	41.69
Long-Term Debt	-	-	3.44	13.28	14.68
Long-Term Leases	95	92.86	108.13	13.82	8.58
Pension & Post-Retirement Benefits	46.03	26.26	15.99	16.54	24.59
Long-Term Deferred Tax Liabilities	379.24	470.4	340.45	203.5	16.7
Total Liabilities	832.18	1,189	787.83	378.81	106.25
Common Stock	800	800	800	800	800
Additional Paid-In Capital	0.01	0.01	0.01	0.01	0
Retained Earnings	-86	-3,757	-2,985	-1,334	182.92
Treasury Stock	-	-2.7	-	-	-
Comprehensive Income & Other	3,388	6,833	5,040	3,271	5.35
Shareholders' Equity	4,102	3,873	2,855	2,737	988.28
Total Liabilities & Equity	4,934	5,062	3,643	3,116	1,095
Total Debt	104.2	116.47	138.66	45.74	32.95
Net Cash (Debt)	97.62	73.1	4.1	139.24	181
Net Cash Growth	33.54%	1684.31%	-97.06%	-23.07%	-
Net Cash Per Share	0.12	0.09	0.01	0.17	0.23
Filing Date Shares Outstanding	800	800	800	800	800
Total Common Shares Outstanding	800	800	800	800	800
Working Capital	1,255	683.14	742.85	891.89	553.54
Book Value Per Share	5.13	4.84	3.57	3.42	1.24
Tangible Book Value	3,318	3,113	2,465	2,126	943.98
Tangible Book Value Per Share	4.15	3.89	3.08	2.66	1.18
Land	213.36	208.16	162.84	109.4	22.95
Buildings	169.77	154.67	94.15	57.89	12.46
Machinery	1,290	1,268	912.93	596.65	72.32
Leasehold Improvements	61.08	60.34	44.24	28.09	4.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.