Mazhar Zorlu Holding A.S. 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	17.87	13.23	15.77	169.72	28.63
Cash & Short-Term Investments	17.87	13.23	15.77	169.72	28.63
Cash Growth	35.09%	-16.09%	-90.71%	492.87%	-63.26%
Accounts Receivable	163.96	116.33	160.83	201.22	28.84
Other Receivables	117.45	199.54	219.46	78.41	53.49
Receivables	281.41	315.87	380.29	279.62	82.33
Inventory	289.62	182.24	317.32	225.83	93.76
Prepaid Expenses	37.64	2.61	1.48	0.96	0.31
Other Current Assets	11.55	37.24	117.11	48.43	18.26
Total Current Assets	638.09	551.19	831.97	724.56	223.29
Property, Plant & Equipment	3,656	2,868	2,585	1,443	153.45
Long-Term Investments	369.83	282.21	284.99	198.15	27.99
Other Intangible Assets	1.6	1.21	1.02	0.62	0.21
Long-Term Deferred Tax Assets	-	-	-	-	25.8
Other Long-Term Assets	516.51	251.42	262.64	239.37	40.84
Total Assets	5,182	3,954	3,965	2,606	471.58
Accounts Payable	402.99	217.95	190.84	57.02	25.57
Accrued Expenses	53.95	41.55	50.52	28.09	16.75
Short-Term Debt	98.72	64.16	4.55	14.25	16.16
Current Portion of Long-Term Debt	32.41	-	29.8	9.55	4.33
Current Portion of Leases	-	15.7	8.15	0.79	0.5
Current Income Taxes Payable	4.4	-	20.68	32.66	18.65
Current Unearned Revenue	436.16	276.2	271.44	321.58	51.32
Other Current Liabilities	28.97	21.63	2.64	42.17	87.15
Total Current Liabilities	1,058	637.19	578.62	506.11	220.43
Long-Term Debt	62.5	-	1.89	6.05	4.9
Long-Term Leases	-	1.13	8.38	0.02	0.41
Long-Term Unearned Revenue	-	-	4.36	3.02	0.83
Pension & Post-Retirement Benefits	70.78	45.78	44.43	68.21	16.15
Long-Term Deferred Tax Liabilities	408.01	323.46	249.69	138.12	-
Other Long-Term Liabilities	0.47	1.61	7.18	1.47	10.34
Total Liabilities	1,599	1,009	894.56	722.99	253.07
Common Stock	108.56	108.56	108.56	108.56	10.84
Retained Earnings	-2,027	-1,522	-1,417	-673.35	53.25
Comprehensive Income & Other	1,980	1,515	1,433	962.18	29.55
Total Common Equity	61.4	101.31	124.72	397.39	93.64
Minority Interest	3,521	2,844	2,946	1,485	124.87
Shareholders' Equity	3,582	2,945	3,071	1,883	218.51
Total Liabilities & Equity	5,182	3,954	3,965	2,606	471.58
Total Debt	193.63	80.99	52.77	30.67	26.3
Net Cash (Debt)	-175.75	-67.76	-37.01	139.04	2.33
Net Cash Growth	-	-	-	5873.10%	-96.79%
Net Cash Per Share	-	-0.62	-0.34	1.28	0.02
Filing Date Shares Outstanding	-	108.56	108.56	108.56	108.56
Total Common Shares Outstanding	-	108.56	108.56	108.56	108.56
Working Capital	-419.52	-86	253.35	218.45	2.85
Book Value Per Share	-	0.93	1.15	3.66	0.86
Tangible Book Value	59.8	100.1	123.7	396.78	93.42
Tangible Book Value Per Share	-	0.92	1.14	3.65	0.86
Land	-	1,382	1,301	802.81	-
Buildings	-	1,010	854.63	520.58	128.81
Machinery	-	2,033	2,089	1,197	92.12
Construction In Progress	-	47.63	40.18	71.81	17.97
Leasehold Improvements	-	9.47	9.47	6.56	0.58

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.