IST:KAREL 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	882.9	374.23	907.19	320.79	65.4
Trading Asset Securities	-	-	-	34.34	22.55
Cash & Short-Term Investments	882.9	374.23	907.19	355.14	87.95
Cash Growth	135.92%	-58.75%	155.45%	303.78%	-76.44%
Accounts Receivable	4,398	4,642	2,533	2,164	639.08
Other Receivables	87.38	195.32	60.39	8.55	0.11
Receivables	4,486	4,837	2,593	2,172	639.2
Inventory	3,178	3,234	3,233	2,578	743.08
Prepaid Expenses	201.04	203.71	308.01	143.4	10.74
Other Current Assets	669.49	747.27	779.47	638.81	75.28
Total Current Assets	9,418	9,396	7,821	5,887	1,556
Property, Plant & Equipment	3,440	3,138	2,198	1,396	234.68
Long-Term Investments	35.89	61.81	62.65	35.54	5.19
Goodwill	151.84	207.16	205.28	142.18	-
Other Intangible Assets	656.97	797.65	696.66	546.82	19.02
Long-Term Deferred Tax Assets	2.93	-	-	164.38	6.09
Long-Term Deferred Charges	1,545	1,355	655.76	232.56	109.62
Other Long-Term Assets	18.17	105.93	28.88	9.2	15.53
Total Assets	15,268	15,062	11,668	8,414	1,946
Accounts Payable	4,345	3,285	1,037	748.95	331.68
Accrued Expenses	901.51	966.96	623.55	239.79	99.13
Short-Term Debt	5,070	5,185	4,209	2,680	194.63
Current Portion of Long-Term Debt	466.22	10.1	18.7	1,093	291.1
Current Portion of Leases	140.12	358.73	230.27	87.66	4.56
Current Income Taxes Payable	26.12	-	47.85	35.44	0.41
Current Unearned Revenue	477.94	347.77	367.55	533.59	77.45
Other Current Liabilities	374.51	891.02	651.84	32.12	10.22
Total Current Liabilities	11,801	11,045	7,186	5,451	1,009
Long-Term Debt	217.25	464.85	11.06	31.42	300.58
Long-Term Leases	236.18	244.83	214.47	230.43	28.97
Long-Term Unearned Revenue	-	0.44	2.43	-	-
Pension & Post-Retirement Benefits	546.69	531.45	359.71	215.26	35.83
Long-Term Deferred Tax Liabilities	-	30	235.48	291.58	2.04
Other Long-Term Liabilities	659.62	-	-	-	-
Total Liabilities	13,461	12,316	8,009	6,220	1,377
Common Stock	805.89	805.89	402.94	200	200
Additional Paid-In Capital	36.82	36.82	7.13	-	-
Retained Earnings	-1,398	-82.55	1,335	689.79	387.95
Comprehensive Income & Other	1,824	1,713	1,689	1,128	-18.15
Total Common Equity	1,269	2,473	3,434	2,018	569.8
Minority Interest	538.27	272.4	225.23	176.44	-
Shareholders' Equity	1,807	2,745	3,659	2,195	569.8
Total Liabilities & Equity	15,268	15,062	11,668	8,414	1,946
Total Debt	6,130	6,263	4,683	4,123	819.83
Net Cash (Debt)	-5,247	-5,889	-3,776	-3,768	-731.87
Net Cash Per Share	-6.51	-7.31	-10.91	-18.84	-3.66
Filing Date Shares Outstanding	805.89	805.89	805.88	402.94	200
Total Common Shares Outstanding	805.89	805.89	402.94	200	200
Working Capital	-2,384	-1,649	634.88	436.49	547.08
Book Value Per Share	1.57	3.07	8.52	10.09	2.85
Tangible Book Value	459.77	1,468	2,532	1,329	550.78
Tangible Book Value Per Share	0.57	1.82	6.28	6.65	2.75
Land	-	-	-	-	0
Machinery	4,798	4,039	2,799	1,805	280.54
Construction In Progress	129.44	125.08	-	-	-
Leasehold Improvements	515.74	441.27	270.29	170.55	18.46

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