IST:MARBL 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	49.68	43.78	324.8	34.23	14.3
Cash & Short-Term Investments	49.68	43.78	324.8	34.23	14.3
Cash Growth	13.46%	-86.52%	848.92%	139.29%	-16.04%
Accounts Receivable	348.95	274.36	225.8	140.51	75.03
Other Receivables	58.31	55.03	34.18	24.74	55.92
Receivables	407.26	329.39	259.97	165.24	130.95
Inventory	1,453	1,121	774.79	462.5	288.07
Prepaid Expenses	154.28	16.74	6.59	1.99	-
Other Current Assets	8.56	15.68	12.69	7.92	4.43
Total Current Assets	2,073	1,526	1,379	671.88	437.76
Property, Plant & Equipment	1,674	1,539	730.77	427	233.24
Long-Term Investments	-	11.16	8.21	1.27	0.35
Other Intangible Assets	269.29	36.16	13.38	15.3	12.18
Long-Term Deferred Tax Assets	52.51	40.18	34.37	27.87	22.64
Long-Term Deferred Charges	-	168.32	134.33	83.33	55.93
Other Long-Term Assets	211.33	156.16	91.58	47	17.37
Total Assets	4,280	3,477	2,391	1,274	779.47
Accounts Payable	472.02	449.06	280.69	196.29	121.32
Accrued Expenses	36.25	31.66	16.04	8.85	13.09
Short-Term Debt	182.41	112.76	113.55	107.06	112.55
Current Portion of Long-Term Debt	233.24	122.54	51.17	69.14	52.83
Current Portion of Leases	119.84	104.69	71.52	39.87	23.41
Current Income Taxes Payable	-	5.2	7.28	18.53	-
Current Unearned Revenue	147.58	169.35	124.49	75.83	58.23
Other Current Liabilities	152.9	44.56	34.27	64.35	7.61
Total Current Liabilities	1,344	1,040	699	579.93	389.04
Long-Term Debt	185.02	86.31	49.2	58.13	45.69
Long-Term Leases	254.43	184.38	137.92	113.05	71.93
Pension & Post-Retirement Benefits	43.01	24.29	15.17	18.47	5.1
Long-Term Deferred Tax Liabilities	36.61	38.31	39.24	33.74	26.41
Other Long-Term Liabilities	30.59	-	-	1.07	0.66
Total Liabilities	1,894	1,373	940.52	804.39	538.84
Common Stock	228.6	228.6	228.6	180	36
Additional Paid-In Capital	453.15	453.15	453.15	-	-
Retained Earnings	270.68	269.49	174.09	45.05	-8.54
Comprehensive Income & Other	1,424	1,153	595.12	244.21	152.25
Total Common Equity	2,376	2,104	1,451	469.26	179.72
Minority Interest	9.48	-0.3	-	-	60.92
Shareholders' Equity	2,386	2,104	1,451	469.26	240.63
Total Liabilities & Equity	4,280	3,477	2,391	1,274	779.47
Total Debt	974.93	610.68	423.35	387.25	306.42
Net Cash (Debt)	-925.25	-566.89	-98.55	-353.02	-292.11
Net Cash Per Share	-	-2.48	-0.52	-10.70	-81.14
Filing Date Shares Outstanding	-	228.6	228.6	180	3.6
Total Common Shares Outstanding	-	228.6	228.6	180	3.6
Working Capital	728.85	486.55	679.85	91.95	48.71
Book Value Per Share	-	9.20	6.35	2.61	49.92
Tangible Book Value	2,107	2,068	1,438	453.97	167.54
Tangible Book Value Per Share	-	9.05	6.29	2.52	46.54
Land	-	583.04	229.84	114.69	27.1
Buildings	-	212.79	149.1	86.28	52.52
Machinery	-	1,196	749.38	425.18	288.54
Construction In Progress	-	56	8.65	6.06	3.82
Leasehold Improvements	-	63.22	49.71	30.45	28.1

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