Loras Holding A.S. 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	558.38	109.64	755.46	862.89	485.9
Short-Term Investments	251.58	221.75	326.23	24.23	-
Cash & Short-Term Investments	809.96	331.38	1,082	887.12	485.9
Cash Growth	144.42%	-69.36%	21.93%	82.57%	129.23%
Accounts Receivable	1,259	722.95	280.18	301.34	152.14
Other Receivables	106.75	33.45	34.19	21.41	9.29
Receivables	1,365	756.4	314.38	322.75	161.44
Inventory	6,859	4,241	4,821	3,326	856.57
Prepaid Expenses	494.01	18.12	11.95	12.43	3.18
Other Current Assets	525.7	1,035	726.63	367.25	76.87
Total Current Assets	10,055	6,382	6,956	4,916	1,584
Property, Plant & Equipment	4,820	3,651	1,877	1,804	535.42
Long-Term Investments	186.26	112.11	124.69	74.76	94.19
Other Intangible Assets	81.77	86.38	90.99	56.26	14.86
Long-Term Accounts Receivable	-	18.59	-	1.91	2.21
Long-Term Deferred Tax Assets	47.82	125.96	418.34	78.39	43.26
Other Long-Term Assets	18,220	13,540	13,650	6,068	1,732
Total Assets	33,411	23,917	23,116	12,999	4,006
Accounts Payable	1,901	819.1	949.8	417.46	168.78
Accrued Expenses	82.14	79.95	60.89	44.65	27.89
Short-Term Debt	-	216.72	323.48	181.56	124.4
Current Portion of Long-Term Debt	543.39	19.63	195.39	293.19	168.98
Current Portion of Leases	-	62.8	74.11	-	10.44
Current Income Taxes Payable	61.43	21.84	107.96	14.11	0.01
Current Unearned Revenue	1,494	1,206	898.14	345.09	116.27
Other Current Liabilities	184.69	87.37	83.25	97.33	101.79
Total Current Liabilities	4,266	2,513	2,693	1,393	718.56
Long-Term Debt	383.9	-	34.58	185.21	212.45
Long-Term Leases	-	383.78	207.52	5.26	16.71
Long-Term Unearned Revenue	340.01	285.03	153.78	45.73	27.28
Pension & Post-Retirement Benefits	77.36	51.86	47.52	65.42	10.65
Long-Term Deferred Tax Liabilities	4,065	2,226	2,327	1,596	337.12
Other Long-Term Liabilities	-	-	-	1.66	1.97
Total Liabilities	9,132	5,460	5,464	3,292	1,325
Common Stock	768	768	384	384	384
Additional Paid-In Capital	496.96	401.63	379.79	377.78	83.22
Retained Earnings	1,633	1,662	337.03	-1,005	22.74
Treasury Stock	-2.68	-2.05	-2.05	-1.42	-0.35
Comprehensive Income & Other	3,882	2,853	3,034	2,067	362.64
Total Common Equity	6,777	5,682	4,133	1,823	852.24
Minority Interest	17,501	12,775	13,520	7,884	1,829
Shareholders' Equity	24,278	18,457	17,653	9,707	2,681
Total Liabilities & Equity	33,411	23,917	23,116	12,999	4,006
Total Debt	927.29	682.93	835.08	665.23	532.98
Net Cash (Debt)	-117.33	-351.54	246.61	221.89	-47.08
Net Cash Growth	-	-	11.14%	-	-
Net Cash Per Share	-	-0.46	0.64	0.58	-0.12
Filing Date Shares Outstanding	-	768	384	384	384
Total Common Shares Outstanding	-	768	384	384	384
Working Capital	5,788	3,869	4,263	3,523	865.4
Book Value Per Share	-	7.40	10.76	4.75	2.22
Tangible Book Value	6,696	5,596	4,042	1,767	837.38
Tangible Book Value Per Share	-	7.29	10.53	4.60	2.18
Land	-	1,135	438.14	821.58	347.1
Buildings	-	1,048	603.45	521.63	131.1
Machinery	-	2,102	1,729	1,078	126.47
Construction In Progress	-	603.81	235.76	48.93	0.01
Leasehold Improvements	-	37.24	30.74	10.09	2.54

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