IST:MRSHL 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	338.74	484.18	888.13	888.27	102.36
Cash & Short-Term Investments	338.74	484.18	888.13	888.27	102.36
Cash Growth	-30.04%	-45.48%	-0.02%	767.81%	-27.87%
Accounts Receivable	648.35	410.32	338.25	442.31	155.78
Other Receivables	138.3	56.94	59.35	19.03	27.05
Receivables	786.65	467.26	397.6	461.34	182.82
Inventory	461.54	522.09	466.73	464.82	268.87
Prepaid Expenses	12.48	11.15	25.82	19.85	11.61
Other Current Assets	290.65	373.93	240.23	176.27	83.3
Total Current Assets	1,890	1,859	2,019	2,011	648.96
Property, Plant & Equipment	1,244	1,433	1,027	732.71	151.72
Long-Term Investments	1.7	0.15	0.12	0.08	0.01
Other Intangible Assets	0.31	0.44	-	-	0.01
Long-Term Deferred Tax Assets	-	19.86	41.61	-	14
Other Long-Term Assets	29.31	33.74	29.17	22.55	1.71
Total Assets	3,165	3,346	3,116	2,766	816.41
Accounts Payable	1,404	1,273	1,321	982.8	461.53
Accrued Expenses	76.49	100.51	62.89	67.4	16.84
Short-Term Debt	-	-	528.63	1,243	302.05
Current Portion of Long-Term Debt	477.77	528.98	-	-	-
Current Portion of Leases	64.49	41.34	1.35	4.04	2.75
Current Income Taxes Payable	-	-	-	-	0.7
Current Unearned Revenue	32.61	126.25	-	8.15	7.4
Other Current Liabilities	21.12	10.13	23.51	13.16	2.67
Total Current Liabilities	2,076	2,081	1,937	2,319	793.95
Long-Term Debt	91.97	-	-	-	-
Long-Term Leases	24.5	56.87	0.11	0.69	0.39
Pension & Post-Retirement Benefits	47.22	39.22	60.75	39.18	14.95
Long-Term Deferred Tax Liabilities	46.47	-	-	60.93	-
Total Liabilities	2,286	2,177	1,998	2,419	809.29
Common Stock	10.99	10.99	10.99	10	10
Additional Paid-In Capital	1,131	1,131	864.05	0.79	0.04
Retained Earnings	-1,589	-1,297	-747.54	-372.14	-32.86
Comprehensive Income & Other	1,326	1,324	990.6	707.76	29.93
Shareholders' Equity	879.24	1,169	1,118	346.41	7.12
Total Liabilities & Equity	3,165	3,346	3,116	2,766	816.41
Total Debt	658.73	627.19	530.09	1,248	305.19
Net Cash (Debt)	-319.99	-143.01	358.04	-359.58	-202.84
Net Cash Per Share	-29.11	-13.01	32.83	-35.96	-20.28
Filing Date Shares Outstanding	10.99	10.99	10.99	10	10
Total Common Shares Outstanding	10.99	10.99	10.99	10	10
Working Capital	-186.03	-222.03	81.27	-308.13	-144.99
Book Value Per Share	79.97	106.31	101.70	34.64	0.71
Tangible Book Value	878.93	1,168	1,118	346.41	7.11
Tangible Book Value Per Share	79.95	106.27	101.70	34.64	0.71
Land	6.16	6.16	4.7	3.26	0.2
Buildings	1,002	1,185	896.82	618.41	41.78
Machinery	6,059	6,105	4,581	3,084	311.15
Construction In Progress	106.49	189.67	86.92	68.31	21.99
Leasehold Improvements	102.24	109.71	83.82	58.05	3.63

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