Net 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	3,291	2,748	2,951	1,827	1,210
Short-Term Investments	-	-	0.24	-	0.26
Trading Asset Securities	-	-	1	1.51	-
Cash & Short-Term Investments	3,291	2,748	2,953	1,829	1,210
Cash Growth	19.78%	-6.94%	61.47%	51.12%	194.15%
Accounts Receivable	1,397	1,016	175.31	336.43	214.95
Other Receivables	544.86	541.73	214.97	10.08	4.4
Receivables	1,942	1,557	390.28	346.5	219.35
Inventory	930.85	642.89	448.36	252.66	59.89
Prepaid Expenses	193.73	256.6	-	286.46	43.63
Other Current Assets	1,914	1,900	858.62	156.3	56.06
Total Current Assets	8,272	7,104	4,650	2,870	1,589
Property, Plant & Equipment	92,927	75,838	52,117	29,015	11,070
Long-Term Investments	30.13	30.13	23.02	15.94	189.37
Other Intangible Assets	975.47	876.66	578.02	319.85	61.37
Long-Term Deferred Tax Assets	92.7	105.06	881.4	1,820	329.78
Other Long-Term Assets	16,498	26,722	21,407	12,850	4,513
Total Assets	118,795	110,676	79,656	46,891	17,753
Accounts Payable	3,732	3,324	1,773	1,134	468.99
Accrued Expenses	1,044	1,092	495.62	225.64	54.47
Short-Term Debt	303.76	630.2	653.92	376.88	177.93
Current Portion of Long-Term Debt	3,184	3,439	2,547	1,921	951.08
Current Portion of Leases	253.5	110.18	128.69	234.79	128.71
Current Income Taxes Payable	925.4	541.61	16.9	16.92	7.05
Current Unearned Revenue	168.17	1,059	2,684	1,741	60.23
Other Current Liabilities	102.1	826.88	488.78	7.52	4.67
Total Current Liabilities	9,714	11,022	8,788	5,658	1,853
Long-Term Debt	4,213	3,929	2,874	2,843	1,979
Long-Term Leases	2,088	1,416	1,786	172.27	179.71
Long-Term Unearned Revenue	-	0.14	2.19	4.14	0
Pension & Post-Retirement Benefits	68.98	66.81	39.19	25.57	8.83
Long-Term Deferred Tax Liabilities	21,331	20,981	14,739	8,271	3,082
Other Long-Term Liabilities	589.59	423.2	2.93	36	12.84
Total Liabilities	38,005	37,838	28,232	17,010	7,116
Common Stock	500	500	563.88	563.88	563.88
Retained Earnings	26,592	25,256	16,009	8,862	2,123
Treasury Stock	-1,043	-540.84	-1,523	-939.7	-234.05
Comprehensive Income & Other	50,322	43,565	33,222	19,731	7,451
Total Common Equity	76,371	68,780	48,272	28,218	9,904
Minority Interest	4,419	4,058	3,152	1,663	732.39
Shareholders' Equity	80,790	72,838	51,424	29,881	10,637
Total Liabilities & Equity	118,795	110,676	79,656	46,891	17,753
Total Debt	10,043	9,523	7,990	5,547	3,416
Net Cash (Debt)	-6,752	-6,776	-5,037	-3,719	-2,206
Net Cash Per Share	-13.50	-12.20	-8.93	-7.83	-4.67
Filing Date Shares Outstanding	457.02	467.75	468.28	474.81	472.06
Total Common Shares Outstanding	457.02	467.75	468.28	474.81	472.06
Working Capital	-1,442	-3,917	-4,138	-2,788	-264.2
Book Value Per Share	167.11	147.05	103.08	59.43	20.98
Tangible Book Value	75,396	67,904	47,694	27,898	9,843
Tangible Book Value Per Share	164.97	145.17	101.85	58.76	20.85
Land	7,169	1,377	3,387	980.57	421.87
Buildings	87,104	75,027	44,648	24,607	8,955
Machinery	13,377	11,499	7,837	10,058	691.65
Construction In Progress	1,897	1,217	1,926	40.68	1,435
Leasehold Improvements	1,025	786.15	-	984.1	118.86

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