IST:MEGAP 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	24.24	42.73	21.78	71.07	4.05
Cash & Short-Term Investments	24.24	42.73	21.78	71.07	4.05
Cash Growth	-43.28%	96.19%	-69.35%	1655.53%	57.40%
Accounts Receivable	6,307	11,402	2,483	1,369	297.95
Other Receivables	19.32	24.37	2.78	2.69	2.02
Receivables	6,326	11,427	2,486	1,371	299.98
Inventory	1,414	2,070	1,141	449.6	105.97
Prepaid Expenses	0.87	3.17	0.01	0.02	0.19
Other Current Assets	515.53	3,689	544.51	300.17	76.26
Total Current Assets	8,281	17,232	4,193	2,192	486.44
Property, Plant & Equipment	814.76	1,587	1,105	617.83	137.83
Long-Term Investments	7.65	0.13	0.14	0.16	-
Other Intangible Assets	14.78	23.57	5.95	3.88	0.49
Long-Term Deferred Tax Assets	7.59	7.67	82.93	4.68	-
Other Long-Term Assets	0.18	1.17	9.13	0.54	-
Total Assets	9,126	18,851	5,397	2,819	624.76
Accounts Payable	4,979	10,122	1,869	1,185	227.4
Accrued Expenses	199.59	90.63	82.6	12.17	8.32
Short-Term Debt	771.63	1,140	965.01	461.93	41.12
Current Portion of Long-Term Debt	6.87	20.25	34.19	8.3	27.32
Current Portion of Leases	-	2.35	2.37	1.23	2.04
Current Income Taxes Payable	-	0.52	0.32	-	0.01
Current Unearned Revenue	1,002	4,098	442.36	87.05	18.62
Other Current Liabilities	102.15	142.75	141.43	111.38	1.22
Total Current Liabilities	7,061	15,617	3,537	1,867	326.05
Long-Term Debt	15.3	11.1	49.98	42.58	25.39
Long-Term Leases	45.9	21.64	-	87.49	22.43
Pension & Post-Retirement Benefits	12.68	6.34	6.49	2.11	0.3
Long-Term Deferred Tax Liabilities	-	-	-	-	3.84
Other Long-Term Liabilities	-	-0	-	-0	-
Total Liabilities	7,135	15,656	3,593	1,999	378.02
Common Stock	275	275	250	125	49.44
Additional Paid-In Capital	110.67	220.71	90.25	59.31	90.6
Retained Earnings	714.12	1,807	854.18	344.61	36.89
Comprehensive Income & Other	890.94	892.76	608.91	291.25	69.82
Shareholders' Equity	1,991	3,195	1,803	820.17	246.74
Total Liabilities & Equity	9,126	18,851	5,397	2,819	624.76
Total Debt	839.7	1,195	1,052	601.54	118.3
Net Cash (Debt)	-815.46	-1,153	-1,030	-530.47	-114.25
Net Cash Per Share	-2.97	-4.19	-4.12	-4.24	-0.91
Filing Date Shares Outstanding	275	250	250	125	125
Total Common Shares Outstanding	275	250	250	125	125
Working Capital	1,220	1,615	656.45	325.26	160.38
Book Value Per Share	7.24	12.78	7.21	6.56	1.97
Tangible Book Value	1,976	3,171	1,797	816.28	246.25
Tangible Book Value Per Share	7.19	12.69	7.19	6.53	1.97
Buildings	571.7	571.7	386.57	267.75	-
Machinery	921.93	871.93	561.36	358.23	-
Construction In Progress	297.7	347.83	306.16	55.66	-

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