Migros Ticaret A.S. Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	28,910	27,784	29,483	17,838	7,678	3,632
Short-Term Investments	27.13	126.51	28.17	667.76	388.09	2.6
Cash & Short-Term Investments	28,937	27,910	29,511	18,506	8,067	3,635
Cash Growth	48.74%	-5.42%	59.47%	129.41%	121.92%	12.31%
Accounts Receivable	2,392	2,508	1,830	534.18	487.26	177.91
Other Receivables	2,803	2,687	1,627	3,071	204.01	41.73
Receivables	5,196	5,195	3,457	3,606	691.27	219.63
Inventory	42,671	41,241	40,776	31,661	10,905	4,675
Prepaid Expenses	2,581	1,577	1,480	696.42	353.82	153.93
Other Current Assets	97.75	336.7	293.77	216.56	107.01	19.91
Total Current Assets	79,482	76,260	75,517	54,685	20,123	8,704
Property, Plant & Equipment	111,031	98,117	85,282	52,728	11,253	6,536
Long-Term Investments	4,268	4,119	4,454	1,669	602.85	97.06
Goodwill	28,905	26,267	26,267	19,771	2,341	2,253
Other Intangible Assets	4,391	3,524	2,703	1,557	229.2	209.02
Long-Term Deferred Tax Assets	-	-	-	-	1,163	267.11
Other Long-Term Assets	1,601	1,296	2,192	2,606	711.67	34.53
Total Assets	229,678	209,583	196,415	133,016	36,424	18,100
Accounts Payable	79,369	79,457	75,498	53,876	20,615	9,011
Accrued Expenses	9,565	3,279	3,402	4,767	2,410	1,238
Short-Term Debt	-	-	845.29	578.23	408.64	715.86
Current Portion of Long-Term Debt	98.23	95.56	456.02	1,086	825.39	569.46
Current Portion of Leases	4,811	6,027	5,012	2,636	1,209	759.34
Current Income Taxes Payable	-	2,617	2,927	170.07	-	49.29
Current Unearned Revenue	2,177	2,195	2,277	1,329	342.26	214.36
Other Current Liabilities	3,400	2,589	2,533	377.21	200.04	550.96
Total Current Liabilities	99,420	96,259	92,951	64,820	26,010	13,109
Long-Term Debt	696.94	677.44	280.35	1,251	1,407	1,686
Long-Term Leases	30,935	25,001	21,019	9,276	3,606	2,349
Long-Term Unearned Revenue	32.46	35.15	277.03	541.74	0.07	10.73
Pension & Post-Retirement Benefits	1,413	1,495	1,814	1,726	1,279	383.55
Long-Term Deferred Tax Liabilities	7,934	6,167	4,539	2,994	-	-
Other Long-Term Liabilities	46.17	36.01	34.1	64.13	32.23	25.88
Total Liabilities	140,477	129,671	120,914	80,672	32,334	17,564
Common Stock	181.05	181.05	181.05	181.05	181.05	181.05
Retained Earnings	80,492	71,695	67,107	46,238	1,803	-555.96
Treasury Stock	-1,241	-1,128	-1,128	-861.57	-125.44	-125.44
Comprehensive Income & Other	8,910	8,285	8,853	6,455	2,187	1,036
Total Common Equity	88,342	79,034	75,013	52,012	4,046	536.06
Minority Interest	858.79	878.68	488.12	331.81	44.06	-
Shareholders' Equity	89,201	79,913	75,501	52,343	4,090	536.06
Total Liabilities & Equity	229,678	209,583	196,415	133,016	36,424	18,100
Total Debt	36,541	31,802	27,613	14,828	7,455	6,080
Net Cash (Debt)	-7,604	-3,891	1,898	3,678	611.27	-2,445
Net Cash Growth	-	-	-48.39%	501.68%	-	-
Net Cash Per Share	-42.00	-21.49	10.48	20.31	3.38	-13.50
Filing Date Shares Outstanding	181.05	181.05	181.05	181.05	181.05	181.05
Total Common Shares Outstanding	181.05	181.05	181.05	181.05	181.05	181.05
Working Capital	-19,937	-19,999	-17,434	-10,135	-5,887	-4,405
Book Value Per Share	487.94	436.53	414.32	287.27	22.35	2.96
Tangible Book Value	55,046	49,243	46,043	30,684	1,475	-1,926
Tangible Book Value Per Share	304.03	271.98	254.31	169.47	8.15	-10.64
Land	3,666	3,331	2,788	2,754	1,320	764.75
Buildings	7,378	6,704	6,067	5,407	1,766	842.94
Machinery	62,876	55,773	47,544	31,687	4,381	2,908
Construction In Progress	2,914	2,584	2,738	1,379	376.54	168.34
Leasehold Improvements	29,583	26,481	23,673	16,115	1,558	1,160

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