IST:KARSN 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	1,526	1,542	1,483	73.71	103.06
Cash & Short-Term Investments	1,526	1,542	1,483	73.71	103.06
Cash Growth	-1.02%	4.00%	1911.92%	-28.48%	47.57%
Accounts Receivable	5,408	5,984	3,073	2,798	997.84
Other Receivables	365.33	127.62	526.75	216.19	65.78
Receivables	5,773	6,111	3,599	3,014	1,064
Inventory	3,672	2,125	2,267	1,688	328.8
Prepaid Expenses	12.95	23.94	8.17	16.57	7.55
Other Current Assets	347.85	201.86	606.29	637.54	422.31
Total Current Assets	11,333	10,004	7,964	5,430	1,925
Property, Plant & Equipment	5,347	5,434	3,960	4,149	784.82
Long-Term Investments	70.83	67.87	352.78	275.32	145.06
Goodwill	40.2	-	-	47.21	10.65
Other Intangible Assets	1,430	1,093	839.31	261.81	84.18
Long-Term Accounts Receivable	-	93.41	319.17	789.93	227.16
Long-Term Deferred Tax Assets	1.86	151.12	327.93	-	97.33
Long-Term Deferred Charges	2,308	2,363	1,426	1,222	262.89
Other Long-Term Assets	257.67	588.29	643.03	161.24	199.86
Total Assets	20,789	19,794	15,831	12,337	3,737
Accounts Payable	2,618	2,922	2,551	1,576	479.16
Accrued Expenses	920.13	328.54	549.15	136.4	51.84
Short-Term Debt	6,408	4,913	3,339	3,270	1,003
Current Portion of Long-Term Debt	880.1	895.22	1,024	774.13	465.24
Current Portion of Leases	11.77	136.59	35.07	16.02	11.97
Current Income Taxes Payable	9.87	8.61	-	3.62	0.62
Current Unearned Revenue	224.18	667.3	565.8	63.3	22.85
Other Current Liabilities	229.77	281.56	468.23	113.35	102.98
Total Current Liabilities	11,302	10,153	8,531	5,953	2,137
Long-Term Debt	1,459	1,871	1,073	1,060	502.57
Long-Term Leases	2.85	15.75	25.1	26.78	20.38
Long-Term Unearned Revenue	109.92	83.46	88.03	29.24	0.83
Pension & Post-Retirement Benefits	291.88	269.38	223.9	216.95	61.58
Long-Term Deferred Tax Liabilities	45.91	-	-	197.4	-
Other Long-Term Liabilities	343.9	215.24	658.81	138.42	20.56
Total Liabilities	13,555	12,608	10,600	7,622	2,743
Common Stock	900	900	900	900	900
Additional Paid-In Capital	187.89	187.89	143.55	107.04	6.78
Retained Earnings	-8,087	-8,266	-6,216	-3,732	-293.7
Comprehensive Income & Other	14,233	14,365	10,356	7,390	376.66
Total Common Equity	7,233	7,186	5,183	4,665	989.74
Minority Interest	-	-	47.88	49.9	4.16
Shareholders' Equity	7,233	7,186	5,231	4,715	993.89
Total Liabilities & Equity	20,789	19,794	15,831	12,337	3,737
Total Debt	8,761	7,832	5,496	5,147	2,003
Net Cash (Debt)	-7,235	-6,290	-4,013	-5,073	-1,900
Net Cash Per Share	-8.04	-6.99	-4.46	-5.64	-2.11
Filing Date Shares Outstanding	900	900	900	900	900
Total Common Shares Outstanding	900	900	900	900	900
Working Capital	30.57	-148.56	-567.76	-522.77	-212.13
Book Value Per Share	8.04	7.98	5.76	5.18	1.10
Tangible Book Value	5,763	6,093	4,344	4,356	894.91
Tangible Book Value Per Share	6.40	6.77	4.83	4.84	0.99
Land	2,913	3,067	2,235	1,616	262.54
Buildings	1,422	1,315	1,004	698.43	182.48
Machinery	2,852	2,561	898.65	1,849	329.75
Construction In Progress	94.24	247.33	-	1,298	253.05
Leasehold Improvements	65.52	74.67	21.08	11.89	3.13

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