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	17.32	15.77	169.72	28.63
Cash & Short-Term Investments	17.87	17.32	15.77	169.72	28.63
Cash Growth	3.21%	9.83%	-90.71%	492.87%	-63.26%
Accounts Receivable	163.96	152.26	160.83	201.22	28.84
Other Receivables	117.17	261.18	219.46	78.41	53.49
Receivables	281.13	413.45	380.29	279.62	82.33
Inventory	289.62	238.54	317.32	225.83	93.76
Prepaid Expenses	12.64	3.42	1.48	0.96	0.31
Other Current Assets	36.83	48.75	117.11	48.43	18.26
Total Current Assets	638.09	721.47	831.97	724.56	223.29
Property, Plant & Equipment	3,656	3,754	2,585	1,443	153.45
Long-Term Investments	369.83	369.4	284.99	198.15	27.99
Other Intangible Assets	1.6	1.59	1.02	0.62	0.21
Long-Term Deferred Tax Assets	-	-	-	-	25.8
Other Long-Term Assets	516.51	329.09	262.64	239.37	40.84
Total Assets	5,182	5,175	3,965	2,606	471.58
Accounts Payable	402.99	285.27	190.84	57.02	25.57
Accrued Expenses	60.8	55.1	50.52	28.09	16.75
Short-Term Debt	98.72	83.99	4.55	14.25	16.16
Current Portion of Long-Term Debt	16.82	-	29.8	9.55	4.33
Current Portion of Leases	15.59	20.54	8.15	0.79	0.5
Current Income Taxes Payable	4.4	-	20.68	32.66	18.65
Current Unearned Revenue	436.16	361.53	271.44	321.58	51.32
Other Current Liabilities	22.12	27.6	2.64	42.17	87.15
Total Current Liabilities	1,058	834.04	578.62	506.11	220.43
Long-Term Debt	55.03	-	1.89	6.05	4.9
Long-Term Leases	7.47	1.48	8.38	0.02	0.41
Long-Term Unearned Revenue	-	-	4.36	3.02	0.83
Pension & Post-Retirement Benefits	70.78	59.92	44.43	68.21	16.15
Long-Term Deferred Tax Liabilities	408.01	423.39	249.69	138.12	-
Other Long-Term Liabilities	0.47	2.11	7.18	1.47	10.34
Total Liabilities	1,599	1,321	894.56	722.99	253.07
Common Stock	108.56	108.56	108.56	108.56	10.84
Retained Earnings	-2,027	-1,992	-1,417	-673.35	53.25
Comprehensive Income & Other	1,980	2,016	1,433	962.18	29.55
Total Common Equity	61.4	132.61	124.72	397.39	93.64
Minority Interest	3,521	3,722	2,946	1,485	124.87
Shareholders' Equity	3,582	3,855	3,071	1,883	218.51
Total Liabilities & Equity	5,182	5,175	3,965	2,606	471.58
Total Debt	193.63	106.01	52.77	30.67	26.3
Net Cash (Debt)	-175.75	-88.7	-37.01	139.04	2.33
Net Cash Growth	-	-	-	5873.10%	-96.79%
Net Cash Per Share	-1.62	-0.82	-0.34	1.28	0.02
Filing Date Shares Outstanding	108.56	108.56	108.56	108.56	108.56
Total Common Shares Outstanding	108.56	108.56	108.56	108.56	108.56
Working Capital	-419.52	-112.57	253.35	218.45	2.85
Book Value Per Share	0.57	1.22	1.15	3.66	0.86
Tangible Book Value	59.8	131.02	123.7	396.78	93.42
Tangible Book Value Per Share	0.55	1.21	1.14	3.65	0.86
Land	1,505	1,809	1,301	802.81	-
Buildings	1,485	1,321	854.63	520.58	128.81
Machinery	2,776	2,661	2,089	1,197	92.12
Construction In Progress	74.1	62.35	40.18	71.81	17.97
Leasehold Improvements	12.39	12.39	9.47	6.56	0.58

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