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	16.78	16.26	86.39	170.45
Short-Term Investments	168.02	128.05	126.5	98.59	43.5
Cash & Short-Term Investments	201.82	144.83	142.76	184.98	213.95
Cash Growth	39.35%	1.45%	-22.82%	-13.54%	21179.53%
Accounts Receivable	723.32	576.24	552.93	315.58	121.65
Other Receivables	448.56	87.58	137.95	215.7	172.01
Receivables	1,172	663.83	690.87	531.28	293.66
Inventory	168.11	154.97	209.82	257.19	55.94
Prepaid Expenses	25.38	1.48	2.8	1.02	0.09
Other Current Assets	0.01	14.78	16.42	49.09	31.6
Total Current Assets	1,567	979.88	1,063	1,024	595.23
Property, Plant & Equipment	860.51	657.78	656.97	371.66	82.08
Long-Term Investments	94.23	82.87	94.73	57.17	36.27
Other Intangible Assets	783.83	580.77	389.77	610.56	44.3
Other Long-Term Assets	1,628	1,566	1,438	1,053	336.64
Total Assets	4,934	3,868	3,643	3,116	1,095
Accounts Payable	65.65	64.62	69.97	40.56	19.89
Accrued Expenses	61.63	113.86	200.49	64.03	10.63
Short-Term Debt	9.2	-	-	-	-
Current Portion of Long-Term Debt	-	2.41	9.36	8.82	4.8
Current Portion of Leases	-	15.63	17.73	9.82	4.89
Current Income Taxes Payable	34.79	6.66	6.02	3.6	-
Current Unearned Revenue	9.4	251.52	13.78	2.59	0.53
Other Current Liabilities	131.24	3.28	2.48	2.26	0.96
Total Current Liabilities	311.92	457.97	319.81	131.67	41.69
Long-Term Debt	95	-	3.44	13.28	14.68
Long-Term Leases	-	70.94	108.13	13.82	8.58
Pension & Post-Retirement Benefits	46.03	20.07	15.99	16.54	24.59
Long-Term Deferred Tax Liabilities	379.24	359.38	340.45	203.5	16.7
Total Liabilities	832.18	908.36	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	-2,870	-2,985	-1,334	182.92
Treasury Stock	-	-2.07	-	-	-
Comprehensive Income & Other	3,388	5,032	5,040	3,271	5.35
Shareholders' Equity	4,102	2,959	2,855	2,737	988.28
Total Liabilities & Equity	4,934	3,868	3,643	3,116	1,095
Total Debt	104.2	88.98	138.66	45.74	32.95
Net Cash (Debt)	97.62	55.85	4.1	139.24	181
Net Cash Growth	74.79%	1263.19%	-97.06%	-23.07%	-
Net Cash Per Share	-	0.07	0.01	0.17	0.23
Filing Date Shares Outstanding	-	800	800	800	800
Total Common Shares Outstanding	-	800	800	800	800
Working Capital	1,255	521.91	742.85	891.89	553.54
Book Value Per Share	-	3.70	3.57	3.42	1.24
Tangible Book Value	3,318	2,379	2,465	2,126	943.98
Tangible Book Value Per Share	-	2.97	3.08	2.66	1.18
Land	-	159.03	162.84	109.4	22.95
Buildings	-	118.16	94.15	57.89	12.46
Machinery	-	968.4	912.93	596.65	72.32
Leasehold Improvements	-	46.1	44.24	28.09	4.26

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