IST:NATEN 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	424.18	125.81	391.98	496.71	829.8
Short-Term Investments	-	-	-	562.37	-
Accounts Receivable	692.28	1,134	1,132	1,362	444.82
Other Receivables	44.71	5.14	72.53	527.39	1.08
Inventory	47.31	59.25	74.08	42.56	3.5
Prepaid Expenses	127.5	75.69	54.2	19.01	5.15
Loans Receivable Current	-	245.29	-	-	-
Other Current Assets	73.05	133.94	371.31	146.08	23.51
Total Current Assets	1,409	1,779	2,096	3,156	1,308
Property, Plant & Equipment	14,514	10,566	13,952	9,897	4,701
Other Intangible Assets	68.18	1.84	2.05	0.28	0.2
Long-Term Investments	3,282	3,159	2,915	-	-
Other Long-Term Assets	2,346	2,368	1,231	845.56	44.08
Total Assets	21,620	17,874	20,197	13,899	6,053
Accounts Payable	502.6	44.74	133.23	36.4	311.03
Accrued Expenses	28.59	486.92	700.73	768.11	1.2
Short-Term Debt	1,080	624.06	333.32	195.1	0.51
Current Portion of Long-Term Debt	1,366	991.44	1,134	601.88	274.81
Current Unearned Revenue	79.34	72.92	140.49	108.51	28.75
Current Portion of Leases	9.21	-	-	-	-
Current Income Taxes Payable	-	3.56	1.13	-	6.02
Other Current Liabilities	578.87	1.01	3.62	8.07	2.31
Total Current Liabilities	3,644	2,225	2,446	1,718	624.62
Long-Term Debt	2,001	1,971	2,788	1,790	979.09
Long-Term Leases	61.75	-	-	-	-
Long-Term Unearned Revenue	-	-	-	0.71	-
Pension & Post-Retirement Benefits	4.69	2.26	2.93	0.99	0.37
Long-Term Deferred Tax Liabilities	2,518	1,458	1,912	1,629	56.02
Other Long-Term Liabilities	-	-	-	0.27	-
Total Liabilities	8,231	5,655	7,149	5,139	1,660
Common Stock	825	165	165	33	33
Additional Paid-In Capital	2,627	2,033	2,039	1,934	472.22
Retained Earnings	4,483	4,490	5,063	3,170	645.55
Treasury Stock	-10.39	-0.05	-10.61	-6.63	-
Comprehensive Income & Other	-1,441	-639.69	-218.67	-368.45	1,230
Total Common Equity	6,484	6,048	7,038	4,762	2,381
Minority Interest	6,905	6,171	6,009	3,999	2,013
Shareholders' Equity	13,389	12,219	13,047	8,761	4,393
Total Liabilities & Equity	21,620	17,874	20,197	13,899	6,053
Total Debt	4,518	3,586	4,255	2,587	1,254
Net Cash (Debt)	-4,094	-3,460	-3,863	-1,528	-424.6
Net Cash Per Share	-	-4.21	-4.69	-1.85	-0.51
Filing Date Shares Outstanding	-	815.29	821.98	825	825
Total Common Shares Outstanding	-	815.29	821.98	825	825
Working Capital	-2,235	-445.34	-349.91	1,438	683.24
Book Value Per Share	-	7.42	8.56	5.77	2.89
Tangible Book Value	6,416	6,047	7,036	4,762	2,380
Tangible Book Value Per Share	-	7.42	8.56	5.77	2.89
Land	-	597.51	1,892	592.58	221.76
Buildings	-	48.65	69.91	40.63	98.57
Machinery	-	9,893	11,998	9,271	5,230
Construction In Progress	-	46.98	9.27	-	-

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