IST:KARSN Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,041	1,526	1,542	1,483	73.71	103.06
Cash & Short-Term Investments	1,041	1,526	1,542	1,483	73.71	103.06
Cash Growth	147.09%	-1.02%	4.00%	1911.92%	-28.48%	47.57%
Accounts Receivable	6,366	5,408	5,984	3,073	2,798	997.84
Other Receivables	280.1	365.33	127.62	526.75	216.19	65.78
Receivables	6,646	5,773	6,111	3,599	3,014	1,064
Inventory	3,882	3,672	2,125	2,267	1,688	328.8
Prepaid Expenses	972.36	12.95	23.94	8.17	16.57	7.55
Other Current Assets	311.42	347.85	201.86	606.29	637.54	422.31
Total Current Assets	12,853	11,333	10,004	7,964	5,430	1,925
Property, Plant & Equipment	5,934	5,347	5,434	3,960	4,149	784.82
Long-Term Investments	94.33	70.83	67.87	352.78	275.32	145.06
Goodwill	44.23	40.2	-	-	47.21	10.65
Other Intangible Assets	4,212	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	2	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	228.31	257.67	588.29	643.03	161.24	199.86
Total Assets	23,368	20,789	19,794	15,831	12,337	3,737
Accounts Payable	3,314	2,618	2,922	2,551	1,576	479.16
Accrued Expenses	356.12	920.13	328.54	549.15	136.4	51.84
Short-Term Debt	7,644	6,408	4,913	3,339	3,270	1,003
Current Portion of Long-Term Debt	513.75	880.1	895.22	1,024	774.13	465.24
Current Portion of Leases	41.54	11.77	136.59	35.07	16.02	11.97
Current Income Taxes Payable	0.29	9.87	8.61	-	3.62	0.62
Current Unearned Revenue	492.36	224.18	667.3	565.8	63.3	22.85
Other Current Liabilities	521.15	229.77	281.56	468.23	113.35	102.98
Total Current Liabilities	12,883	11,302	10,153	8,531	5,953	2,137
Long-Term Debt	1,131	1,459	1,871	1,073	1,060	502.57
Long-Term Leases	18.86	2.85	15.75	25.1	26.78	20.38
Long-Term Unearned Revenue	105.03	109.92	83.46	88.03	29.24	0.83
Pension & Post-Retirement Benefits	359.36	291.88	269.38	223.9	216.95	61.58
Long-Term Deferred Tax Liabilities	362.9	45.91	-	-	197.4	-
Other Long-Term Liabilities	510.16	343.9	215.24	658.81	138.42	20.56
Total Liabilities	15,370	13,555	12,608	10,600	7,622	2,743
Common Stock	900	900	900	900	900	900
Additional Paid-In Capital	206.76	187.89	187.89	143.55	107.04	6.78
Retained Earnings	-8,834	-8,087	-8,266	-6,216	-3,732	-293.7
Comprehensive Income & Other	15,725	14,233	14,365	10,356	7,390	376.66
Total Common Equity	7,997	7,233	7,186	5,183	4,665	989.74
Minority Interest	-	-	-	47.88	49.9	4.16
Shareholders' Equity	7,997	7,233	7,186	5,231	4,715	993.89
Total Liabilities & Equity	23,368	20,789	19,794	15,831	12,337	3,737
Total Debt	9,349	8,761	7,832	5,496	5,147	2,003
Net Cash (Debt)	-8,308	-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	-30.3	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	3,741	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

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