IST:KAREL 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	479.71	285.91	907.19	320.79	65.4	372.69
Short-Term Investments	-	-	-	-	-	0.7
Trading Asset Securities	-	-	-	34.34	22.55	-
Cash & Short-Term Investments	479.71	285.91	907.19	355.14	87.95	373.4
Cash Growth	85.48%	-68.48%	155.45%	303.78%	-76.44%	25.55%
Accounts Receivable	3,939	3,546	2,533	2,164	639.08	439.14
Other Receivables	81.36	149.22	60.39	8.55	0.11	3.96
Receivables	4,020	3,696	2,593	2,172	639.2	443.1
Inventory	2,761	2,470	3,233	2,578	743.08	364.93
Prepaid Expenses	1,220	155.64	308.01	143.4	10.74	1.83
Other Current Assets	47.92	570.9	779.47	638.81	75.28	67.59
Total Current Assets	8,529	7,179	7,821	5,887	1,556	1,251
Property, Plant & Equipment	3,235	2,397	2,198	1,396	234.68	146.11
Long-Term Investments	34.73	47.22	62.65	35.54	5.19	3.43
Goodwill	147.1	158.27	205.28	142.18	-	-
Other Intangible Assets	682.12	609.4	696.66	546.82	19.02	14.21
Long-Term Deferred Tax Assets	99.81	-	-	164.38	6.09	5.19
Long-Term Deferred Charges	1,415	1,036	655.76	232.56	109.62	82.2
Other Long-Term Assets	18.36	80.93	28.88	9.2	15.53	13.22
Total Assets	14,161	11,507	11,668	8,414	1,946	1,515
Accounts Payable	3,653	2,510	1,037	748.95	331.68	142.41
Accrued Expenses	703.27	738.75	623.55	239.79	99.13	45.77
Short-Term Debt	4,977	3,961	4,209	2,680	194.63	433.52
Current Portion of Long-Term Debt	151.25	7.72	18.7	1,093	291.1	199.6
Current Portion of Leases	263.66	274.06	230.27	87.66	4.56	4.12
Current Income Taxes Payable	5.19	-	47.85	35.44	0.41	8.38
Current Unearned Revenue	479.6	265.7	367.55	533.59	77.45	17.24
Other Current Liabilities	785.97	680.73	651.84	32.12	10.22	38.5
Total Current Liabilities	11,019	8,438	7,186	5,451	1,009	889.54
Long-Term Debt	650.76	355.14	11.06	31.42	300.58	64.68
Long-Term Leases	169.87	187.05	214.47	230.43	28.97	27.09
Long-Term Unearned Revenue	-	0.34	2.43	-	-	-
Pension & Post-Retirement Benefits	468.43	406.02	359.71	215.26	35.83	27.93
Long-Term Deferred Tax Liabilities	59.14	22.92	235.48	291.58	2.04	1.74
Other Long-Term Liabilities	-	-0	-	-	-	-
Total Liabilities	12,367	9,409	8,009	6,220	1,377	1,011
Common Stock	805.89	805.89	402.94	200	200	58.32
Additional Paid-In Capital	35.28	28.13	7.13	-	-	-
Retained Earnings	-1,355	-63.07	1,335	689.79	387.95	457.56
Comprehensive Income & Other	1,800	1,118	1,689	1,128	-18.15	-15.42
Total Common Equity	1,285	1,889	3,434	2,018	569.8	500.46
Minority Interest	508.84	208.11	225.23	176.44	-	3.78
Shareholders' Equity	1,794	2,097	3,659	2,195	569.8	504.24
Total Liabilities & Equity	14,161	11,507	11,668	8,414	1,946	1,515
Total Debt	6,213	4,785	4,683	4,123	819.83	729.02
Net Cash (Debt)	-5,733	-4,499	-3,776	-3,768	-731.87	-355.62
Net Cash Per Share	-7.11	-5.58	-10.91	-18.84	-3.66	-1.78
Filing Date Shares Outstanding	805.89	805.89	805.88	402.94	200	200
Total Common Shares Outstanding	805.89	805.89	402.94	200	200	200
Working Capital	-2,490	-1,260	634.88	436.49	547.08	361.31
Book Value Per Share	1.59	2.34	8.52	10.09	2.85	2.50
Tangible Book Value	456	1,122	2,532	1,329	550.78	486.24
Tangible Book Value Per Share	0.57	1.39	6.28	6.65	2.75	2.43
Land	24	-	-	-	0	0
Machinery	4,349	3,085	2,799	1,805	280.54	187.06
Construction In Progress	213.4	-	-	-	-	-
Leasehold Improvements	485.68	337.12	270.29	170.55	18.46	12.42

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