IST:KUVVA 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	3.35	30.86	1.27	8.53	4.81
Cash & Short-Term Investments	3.35	30.86	1.27	8.53	4.81
Cash Growth	-89.16%	2332.80%	-85.14%	77.62%	17001.88%
Accounts Receivable	439.67	720.97	59.69	17.86	1.29
Other Receivables	0.09	1.33	1.28	3.84	1.93
Receivables	439.76	722.3	60.97	21.7	3.22
Inventory	155.58	111.47	4.2	7.8	-
Prepaid Expenses	1.49	4.58	-	2.68	0.15
Other Current Assets	13	9.72	5.06	1.55	-
Total Current Assets	613.19	878.93	71.49	42.26	8.18
Property, Plant & Equipment	1,251	1,519	191.17	34.88	3.18
Long-Term Investments	4.22	4.22	3.23	2.32	12.2
Goodwill	642	642	-	-	-
Other Intangible Assets	1.89	2.09	0.37	0.4	0.03
Long-Term Deferred Tax Assets	40.41	208.4	-	-	0.72
Other Long-Term Assets	39.19	72.82	625.48	127.89	0.19
Total Assets	2,592	3,327	891.75	207.74	24.49
Accounts Payable	472.83	438.51	16.16	9.82	0.06
Accrued Expenses	32.07	112.3	2.82	3.55	2.82
Short-Term Debt	132.58	89.9	32.08	39.24	-
Current Portion of Long-Term Debt	-	-	52.27	34.75	-
Current Portion of Leases	3.6	3.1	1.73	3.01	-
Current Unearned Revenue	74.67	53.11	2.68	1.34	0.08
Other Current Liabilities	1,126	1,855	14.56	0.06	6.51
Total Current Liabilities	1,841	2,552	122.3	91.76	9.48
Long-Term Debt	303.39	128.64	46.6	39.13	-
Long-Term Leases	5.79	4.53	3.11	3.55	-
Pension & Post-Retirement Benefits	7.71	7.58	0.54	0.38	0.13
Long-Term Deferred Tax Liabilities	-	-	28.64	2.38	-
Other Long-Term Liabilities	11.03	-	0	-	-
Total Liabilities	2,169	2,693	201.19	137.2	9.6
Common Stock	31.04	31.04	31.04	25.12	13.43
Additional Paid-In Capital	637.02	637.02	486.67	38.15	9.54
Retained Earnings	-610.64	-417.22	-76.4	-149.74	-12.35
Comprehensive Income & Other	333.84	335.13	249.24	157.02	4.26
Total Common Equity	391.26	585.97	690.56	70.54	14.88
Minority Interest	31.61	48.46	-	-	-
Shareholders' Equity	422.87	634.43	690.56	70.54	14.88
Total Liabilities & Equity	2,592	3,327	891.75	207.74	24.49
Total Debt	445.36	226.18	135.8	119.68	-
Net Cash (Debt)	-442.02	-195.32	-134.53	-111.14	4.81
Net Cash Per Share	-14.24	-6.29	-4.33	-4.42	0.36
Filing Date Shares Outstanding	31.04	31.04	31.04	25.12	13.43
Total Common Shares Outstanding	31.04	31.04	31.04	25.12	13.43
Working Capital	-1,228	-1,673	-50.81	-49.5	-1.3
Book Value Per Share	12.60	18.88	22.25	2.81	1.11
Tangible Book Value	-252.63	-58.11	690.18	70.15	14.86
Tangible Book Value Per Share	-8.14	-1.87	22.23	2.79	1.11
Land	13.76	13.76	-	-	-
Buildings	-	-	-	10.43	3.2
Machinery	1,525	1,504	196.94	20.74	0.31
Construction In Progress	718.74	720.13	-	-	-
Leasehold Improvements	-	-	15.54	4.66	-

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