IST:NATEN 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	303.23	125.81	391.98	496.71	829.8	217.7
Short-Term Investments	-	-	-	562.37	-	-
Accounts Receivable	940.34	1,134	1,132	1,362	444.82	13.89
Other Receivables	203.31	5.14	72.53	527.39	1.08	28.13
Inventory	45.32	59.25	74.08	42.56	3.5	22.12
Prepaid Expenses	47.21	75.69	54.2	19.01	5.15	0.53
Loans Receivable Current	-	245.29	-	-	-	-
Other Current Assets	188.35	133.94	371.31	146.08	23.51	20.51
Total Current Assets	1,728	1,779	2,096	3,156	1,308	302.89
Property, Plant & Equipment	14,773	10,566	13,952	9,897	4,701	1,002
Goodwill	-	-	-	-	-	0.08
Other Intangible Assets	5.77	1.84	2.05	0.28	0.2	0.19
Long-Term Investments	3,842	3,159	2,915	-	-	0.05
Other Long-Term Assets	2,945	2,368	1,231	845.56	44.08	42.41
Total Assets	23,294	17,874	20,197	13,899	6,053	1,348
Accounts Payable	319.53	44.74	133.23	36.4	311.03	3.05
Accrued Expenses	475.44	486.92	700.73	768.11	1.2	2.03
Short-Term Debt	941.62	624.06	333.32	195.1	0.51	12.09
Current Portion of Long-Term Debt	1,299	991.44	1,134	601.88	274.81	91.98
Current Unearned Revenue	72.97	72.92	140.49	108.51	28.75	13.21
Current Income Taxes Payable	-	3.56	1.13	-	6.02	0.19
Other Current Liabilities	103.76	1.01	3.62	8.07	2.31	0.02
Total Current Liabilities	3,221	2,225	2,446	1,718	624.62	122.56
Long-Term Debt	2,135	1,971	2,788	1,790	979.09	338.63
Long-Term Unearned Revenue	-	-	-	0.71	-	-
Pension & Post-Retirement Benefits	4.74	2.26	2.93	0.99	0.37	0.19
Long-Term Deferred Tax Liabilities	2,601	1,458	1,912	1,629	56.02	143.97
Other Long-Term Liabilities	-	-	-	0.27	-	-
Total Liabilities	8,023	5,655	7,149	5,139	1,660	605.35
Common Stock	825	165	165	33	33	33
Additional Paid-In Capital	2,518	2,033	2,039	1,934	472.22	148.06
Retained Earnings	5,384	4,490	5,063	3,170	645.55	116.47
Treasury Stock	-10.05	-0.05	-10.61	-6.63	-	-
Comprehensive Income & Other	-1,215	-639.69	-218.67	-368.45	1,230	230.93
Total Common Equity	7,502	6,048	7,038	4,762	2,381	528.45
Minority Interest	7,770	6,171	6,009	3,999	2,013	213.81
Shareholders' Equity	15,271	12,219	13,047	8,761	4,393	742.26
Total Liabilities & Equity	23,294	17,874	20,197	13,899	6,053	1,348
Total Debt	4,445	3,586	4,255	2,587	1,254	442.69
Net Cash (Debt)	-4,142	-3,460	-3,863	-1,528	-424.6	-224.99
Net Cash Per Share	-5.05	-4.21	-4.69	-1.85	-0.51	-0.27
Filing Date Shares Outstanding	820.76	815.29	821.98	825	825	825
Total Common Shares Outstanding	820.76	815.29	821.98	825	825	825
Working Capital	-1,493	-445.34	-349.91	1,438	683.24	180.33
Book Value Per Share	9.14	7.42	8.56	5.77	2.89	0.64
Tangible Book Value	7,496	6,047	7,036	4,762	2,380	528.19
Tangible Book Value Per Share	9.13	7.42	8.56	5.77	2.89	0.64
Land	749.45	597.51	1,892	592.58	221.76	70.08
Buildings	61.02	48.65	69.91	40.63	98.57	7.75
Machinery	14,193	9,893	11,998	9,271	5,230	944.55
Construction In Progress	67.66	46.98	9.27	-	-	0.78

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