IST:MERCN 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	137.37	173.95	176.83	197.81	55.74
Short-Term Investments	50.78	100.68	162.76	116.94	55.91
Cash & Short-Term Investments	188.15	274.62	339.59	314.74	111.65
Cash Growth	-31.49%	-19.13%	7.89%	181.90%	512.97%
Accounts Receivable	513.35	629.66	776.25	477.46	169.41
Other Receivables	17.79	19.61	27	25.43	14.04
Receivables	531.14	649.26	803.25	502.89	183.45
Inventory	480.34	351.66	532.6	576.31	211.2
Prepaid Expenses	7.58	39.32	8.99	3.04	1.18
Other Current Assets	73.51	7.25	54.68	27.05	9.6
Total Current Assets	1,281	1,322	1,739	1,424	517.07
Property, Plant & Equipment	1,429	1,141	865.56	366.31	84.72
Long-Term Investments	64.23	102.38	89.75	-	-
Other Intangible Assets	24.66	37.04	20.2	8.22	1.42
Long-Term Deferred Tax Assets	-	-	-	5.46	6.79
Long-Term Deferred Charges	70.12	49.64	33.73	16.21	3.3
Other Long-Term Assets	1,051	899.68	604.59	256.12	55.38
Total Assets	3,920	3,552	3,353	2,076	668.68
Accounts Payable	189.54	152.81	185.64	82.04	65.58
Accrued Expenses	31.69	21.57	18.65	12.58	3.76
Short-Term Debt	819.99	785.32	771.78	592.52	120.69
Current Portion of Long-Term Debt	13.38	55.98	76.85	96.4	53.69
Current Portion of Leases	28.87	111.2	114.83	10.03	4.07
Current Income Taxes Payable	6.82	15.77	7.32	5.56	-
Current Unearned Revenue	7.24	11.81	27.23	39.17	5.74
Other Current Liabilities	141.06	2.26	154.6	0.98	0.51
Total Current Liabilities	1,240	1,157	1,361	839.28	279.39
Long-Term Debt	118.5	2.64	10.83	5.11	22.3
Long-Term Leases	3.32	31.32	49.85	7.31	7.14
Pension & Post-Retirement Benefits	5.97	3.74	2.4	4.5	1.99
Long-Term Deferred Tax Liabilities	130.69	20.69	37.83	-	-
Total Liabilities	1,499	1,215	1,462	856.19	310.81
Common Stock	190.37	190.37	190.37	63.46	63.46
Additional Paid-In Capital	945.47	898.48	686.43	475.44	137.32
Retained Earnings	447.28	350.82	343.19	353.76	153.88
Treasury Stock	-64.75	-	-	-	-
Comprehensive Income & Other	920.04	897.55	671.11	327.51	3.21
Total Common Equity	2,438	2,337	1,891	1,220	357.87
Minority Interest	-17.43	-	-	-	-
Shareholders' Equity	2,421	2,337	1,891	1,220	357.87
Total Liabilities & Equity	3,920	3,552	3,353	2,076	668.68
Total Debt	984.06	986.46	1,024	711.37	207.89
Net Cash (Debt)	-795.9	-711.84	-684.56	-396.62	-96.24
Net Cash Per Share	-4.18	-3.74	-3.60	-2.08	-0.51
Filing Date Shares Outstanding	190.37	190.37	190.37	190.37	190.37
Total Common Shares Outstanding	190.37	190.37	190.37	190.37	190.37
Working Capital	40.43	165.39	378.19	584.76	237.69
Book Value Per Share	12.81	12.28	9.93	6.41	1.88
Tangible Book Value	2,414	2,300	1,871	1,212	356.45
Tangible Book Value Per Share	12.68	12.08	9.83	6.37	1.87
Land	303.18	236.94	168.51	75.92	3.56
Buildings	249.59	152.73	149.48	51.09	16.73
Machinery	775.97	750.98	591.99	362.04	56.67
Construction In Progress	435.01	399.31	241.52	68.18	38.16
Leasehold Improvements	49.32	12.35	9.31	6.25	1.19

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