IST:MRSHL Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	467.28	369.91	888.13	888.27	102.36	141.9
Cash & Short-Term Investments	467.28	369.91	888.13	888.27	102.36	141.9
Cash Growth	107.78%	-58.35%	-0.02%	767.81%	-27.87%	189.39%
Accounts Receivable	1,195	313.48	338.25	442.31	155.78	105.65
Other Receivables	99.13	43.5	59.35	19.03	27.05	10.46
Receivables	1,294	356.98	397.6	461.34	182.82	116.1
Inventory	392.09	398.87	466.73	464.82	268.87	57.14
Prepaid Expenses	70.61	8.52	25.82	19.85	11.61	0.31
Other Current Assets	148.9	285.68	240.23	176.27	83.3	40.55
Total Current Assets	2,373	1,420	2,019	2,011	648.96	356.01
Property, Plant & Equipment	1,195	1,095	1,027	732.71	151.72	122.11
Long-Term Investments	1.49	0.12	0.12	0.08	0.01	0.01
Other Intangible Assets	0.33	0.34	-	-	0.01	0.09
Long-Term Deferred Tax Assets	-	15.17	41.61	-	14	8.59
Other Long-Term Assets	29.15	25.78	29.17	22.55	1.71	1.87
Total Assets	3,599	2,556	3,116	2,766	816.41	488.68
Accounts Payable	1,301	972.89	1,321	982.8	461.53	228.88
Accrued Expenses	568.37	42.24	62.89	67.4	16.84	17.71
Short-Term Debt	648.17	404.13	528.63	1,243	302.05	103.52
Current Portion of Leases	-	31.58	1.35	4.04	2.75	0.82
Current Income Taxes Payable	-	-	-	-	0.7	0.32
Current Unearned Revenue	14.6	96.46	-	8.15	7.4	6.34
Other Current Liabilities	17.16	42.28	23.51	13.16	2.67	2.49
Total Current Liabilities	2,549	1,590	1,937	2,319	793.95	360.08
Long-Term Debt	-	-	-	-	-	9.15
Long-Term Leases	27.33	43.45	0.11	0.69	0.39	3.15
Pension & Post-Retirement Benefits	43.1	29.97	60.75	39.18	14.95	11.53
Long-Term Deferred Tax Liabilities	51.36	-	-	60.93	-	-
Total Liabilities	2,671	1,663	1,998	2,419	809.29	383.92
Common Stock	10.99	10.99	10.99	10	10	10
Additional Paid-In Capital	1,084	864.05	864.05	0.79	0.04	0.04
Retained Earnings	-1,437	-991	-747.54	-372.14	-32.86	63.44
Comprehensive Income & Other	1,270	1,009	990.6	707.76	29.93	31.28
Shareholders' Equity	927.46	892.95	1,118	346.41	7.12	104.76
Total Liabilities & Equity	3,599	2,556	3,116	2,766	816.41	488.68
Total Debt	675.5	479.16	530.09	1,248	305.19	116.64
Net Cash (Debt)	-208.22	-109.26	358.04	-359.58	-202.84	25.25
Net Cash Per Share	-18.94	-9.94	32.83	-35.96	-20.28	2.53
Filing Date Shares Outstanding	10.99	10.99	10.99	10	10	10
Total Common Shares Outstanding	10.99	10.99	10.99	10	10	10
Working Capital	-176.6	-169.63	81.27	-308.13	-144.99	-4.07
Book Value Per Share	84.36	81.22	101.70	34.64	0.71	10.48
Tangible Book Value	927.13	892.61	1,118	346.41	7.11	104.67
Tangible Book Value Per Share	84.33	81.19	101.70	34.64	0.71	10.47
Land	-	4.7	4.7	3.26	0.2	0.2
Buildings	-	905.56	896.82	618.41	41.78	40.55
Machinery	-	4,664	4,581	3,084	311.15	222.33
Construction In Progress	-	71.06	86.92	68.31	21.99	61.41
Leasehold Improvements	-	157.66	83.82	58.05	3.63	3.63

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