Ihlas Yayin Holding A.S. 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	48.57	61.07	114.65	367.53	314.04	158.47
Short-Term Investments	172.53	129.55	135.55	101.67	44.67	-
Trading Asset Securities	-	4.74	14.53	15.25	-	-
Cash & Short-Term Investments	221.1	195.35	264.73	484.46	358.71	158.47
Cash Growth	35.21%	-26.21%	-45.36%	35.05%	126.35%	244.35%
Accounts Receivable	814.74	719.33	684.77	390.52	174.53	122.42
Other Receivables	5.99	24.8	122.62	167.57	172.84	51.33
Receivables	820.73	744.13	807.39	558.09	347.37	173.75
Inventory	280.23	154.97	209.6	257.19	55.94	28.01
Prepaid Expenses	19.77	7.42	7.72	0.02	0	0.96
Other Current Assets	65.94	53.39	53.45	105.79	51.53	28.65
Total Current Assets	1,408	1,155	1,343	1,406	813.55	389.85
Property, Plant & Equipment	1,301	1,087	1,075	646.82	138.65	62.55
Long-Term Investments	13.06	6.05	89.53	42.4	18.57	-
Other Intangible Assets	740.69	588.79	397.31	615.88	45.44	41.59
Long-Term Deferred Tax Assets	926.65	731.29	643.58	268.28	42.83	38.67
Other Long-Term Assets	1,764	1,437	1,337	972.98	320.76	102.81
Total Assets	6,153	5,005	4,885	3,952	1,380	635.46
Accounts Payable	205.1	159.8	140.35	71.57	29.58	17.13
Accrued Expenses	178.55	133.21	162.94	142.73	30.65	15.74
Short-Term Debt	36.22	26.87	23.94	16	7.1	5.01
Current Portion of Long-Term Debt	-	-	9.36	8.82	4.8	3.17
Current Portion of Leases	9.75	-	-	-	1.39	0.98
Current Income Taxes Payable	9.24	0.54	-	3.3	0.59	3.39
Current Unearned Revenue	554.98	259.83	20.48	10.81	3.6	3.81
Other Current Liabilities	189.51	81.22	83.11	6.41	3.23	2.76
Total Current Liabilities	1,183	661.47	440.18	259.64	80.93	51.99
Long-Term Debt	81.84	-	3.44	13.28	14.68	19.2
Long-Term Leases	53.07	126.45	153.17	33.92	24.89	26.61
Pension & Post-Retirement Benefits	61.82	40.24	36.89	41.66	41.73	25.81
Long-Term Deferred Tax Liabilities	1,384	1,081	998.91	468.22	46.38	28
Other Long-Term Liabilities	1.59	1.94	4.1	3.98	1.83	1.08
Total Liabilities	2,766	1,911	1,637	820.7	210.44	152.68
Common Stock	450	450	450	450	450	450
Additional Paid-In Capital	16.53	79.98	80.12	55.49	0.78	0.78
Retained Earnings	53.47	-5,895	-5,677	-3,611	-14.3	-70.17
Comprehensive Income & Other	56.28	6,173	6,173	4,162	-12.9	-15.54
Total Common Equity	576.27	808.87	1,027	1,056	423.58	365.07
Minority Interest	2,811	2,285	2,221	2,075	745.78	117.71
Shareholders' Equity	3,387	3,094	3,248	3,131	1,169	482.78
Total Liabilities & Equity	6,153	5,005	4,885	3,952	1,380	635.46
Total Debt	180.89	153.33	189.91	72.02	52.86	54.97
Net Cash (Debt)	40.21	42.02	74.81	412.44	305.85	103.51
Net Cash Growth	93.46%	-43.83%	-81.86%	34.85%	195.49%	898.72%
Net Cash Per Share	0.09	0.09	0.17	0.92	0.68	0.38
Filing Date Shares Outstanding	450	450	450	450	450	450
Total Common Shares Outstanding	450	450	450	450	450	450
Working Capital	224.41	493.79	902.71	1,146	732.61	337.86
Book Value Per Share	1.28	1.80	2.28	2.35	0.94	0.81
Tangible Book Value	-164.42	220.08	629.59	440.44	378.15	323.48
Tangible Book Value Per Share	-0.37	0.49	1.40	0.98	0.84	0.72
Land	377.82	301.22	257.67	186.85	32.2	11.53
Buildings	249.01	198.53	195.05	108.14	32.8	7.41
Machinery	1,920	1,509	1,435	917.79	118.9	98.43
Leasehold Improvements	73.66	57.71	55.34	35.52	5.53	1.65

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