IST:PAMEL 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	2.19	1.63	87.09	12.58	2.21	1.95
Accounts Receivable	8.37	3.59	4.54	2.87	0.66	0.33
Other Receivables	0.39	1.22	0.12	0.07	0	-
Prepaid Expenses	0.55	2.67	0.87	0.66	0	0.06
Other Current Assets	3.01	1.47	3.41	0.33	0.14	0.15
Total Current Assets	14.5	10.59	96.04	16.51	3.02	2.5
Property, Plant & Equipment	1,182	964.44	1,163	856.33	207.4	108.99
Other Intangible Assets	0.27	0.24	0.09	0.11	0.02	0.03
Long-Term Deferred Tax Assets	-	-	-	-	-	2.26
Other Long-Term Assets	20.68	22.32	30.18	13.56	4.77	2.88
Total Assets	1,217	997.57	1,290	886.51	215.21	116.66
Accounts Payable	3.86	3.02	6.08	2.68	0.89	0.26
Accrued Expenses	1.47	0.9	4.91	0.49	0.66	7.13
Current Portion of Long-Term Debt	-	-	-	7.73	6.4	6.88
Current Unearned Revenue	0.06	0.56	-	-	-	-
Current Income Taxes Payable	0.4	-	4.02	0.85	-	0.06
Other Current Liabilities	1.73	0.66	0.97	131.57	0.06	0.01
Total Current Liabilities	7.53	5.13	15.98	143.33	8.01	14.33
Long-Term Debt	-	4.38	34.45	26.06	29.97	29.65
Pension & Post-Retirement Benefits	2.34	2.13	2.21	1.99	0.39	0.25
Long-Term Deferred Tax Liabilities	41.54	46.12	22.82	87.76	7.88	-
Other Long-Term Liabilities	267.17	202.8	125.82	60.39	12.19	-
Total Liabilities	318.59	260.57	201.28	319.54	58.43	44.24
Common Stock	31.1	31.1	31.1	31.1	31.1	60
Additional Paid-In Capital	49.66	39.59	39.59	27.42	3.57	3.57
Retained Earnings	383.33	326.17	677.59	282.41	-16.69	-48.63
Comprehensive Income & Other	434.56	340.15	340.15	226.04	138.8	57.48
Shareholders' Equity	898.64	737.01	1,088	566.97	156.78	72.42
Total Liabilities & Equity	1,217	997.57	1,290	886.51	215.21	116.66
Total Debt	-	4.38	34.45	33.79	36.37	36.53
Net Cash (Debt)	2.19	-2.76	52.65	-21.21	-34.16	-34.58
Net Cash Per Share	0.07	-0.09	1.69	-0.68	-1.24	-2.03
Filing Date Shares Outstanding	31.1	31.1	31.1	31.1	31.1	17
Total Common Shares Outstanding	31.1	31.1	31.1	31.1	31.1	17
Working Capital	6.97	5.45	80.05	-126.82	-4.99	-11.84
Book Value Per Share	28.90	23.70	35.00	18.23	5.04	4.26
Tangible Book Value	898.37	736.77	1,088	566.86	156.76	72.39
Tangible Book Value Per Share	28.89	23.69	35.00	18.23	5.04	4.26
Machinery	1,329	1,059	1,222	-	211.24	120.85
Construction In Progress	-	-	-	-	10.98	-

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