IST:PAMEL 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	4.54	2.13	87.09	12.58	2.21
Accounts Receivable	5.15	4.71	4.54	2.87	0.66
Other Receivables	0.71	1.55	0.12	0.07	0
Prepaid Expenses	0.28	3.5	0.87	0.66	0
Other Current Assets	7.08	1.97	3.41	0.33	0.14
Total Current Assets	17.76	13.86	96.04	16.51	3.02
Property, Plant & Equipment	1,014	1,262	1,163	856.33	207.4
Other Intangible Assets	0.25	0.31	0.09	0.11	0.02
Other Long-Term Assets	56.66	29.21	30.18	13.56	4.77
Total Assets	1,089	1,306	1,290	886.51	215.21
Accounts Payable	2.76	3.95	6.08	2.68	0.89
Accrued Expenses	4.5	1.18	4.91	0.49	0.66
Current Portion of Long-Term Debt	-	-	-	7.73	6.4
Current Unearned Revenue	0.83	0.73	-	-	-
Current Income Taxes Payable	1.21	-	4.02	0.85	-
Other Current Liabilities	0.77	0.86	0.97	131.57	0.06
Total Current Liabilities	10.07	6.72	15.98	143.33	8.01
Long-Term Debt	-	5.74	34.45	26.06	29.97
Pension & Post-Retirement Benefits	2.34	2.79	2.21	1.99	0.39
Long-Term Deferred Tax Liabilities	51.89	60.36	22.82	87.76	7.88
Other Long-Term Liabilities	349.67	265.46	125.82	60.39	12.19
Total Liabilities	413.96	341.06	201.28	319.54	58.43
Common Stock	31.1	31.1	31.1	31.1	31.1
Additional Paid-In Capital	51.82	51.82	39.59	27.42	3.57
Retained Earnings	137.4	426.93	677.59	282.41	-16.69
Comprehensive Income & Other	454.84	454.84	340.15	226.04	138.8
Shareholders' Equity	675.15	964.69	1,088	566.97	156.78
Total Liabilities & Equity	1,089	1,306	1,290	886.51	215.21
Total Debt	-	5.74	34.45	33.79	36.37
Net Cash (Debt)	4.54	-3.61	52.65	-21.21	-34.16
Net Cash Per Share	0.15	-0.12	1.69	-0.68	-1.24
Filing Date Shares Outstanding	31.1	31.1	31.1	31.1	31.1
Total Common Shares Outstanding	31.1	31.1	31.1	31.1	31.1
Working Capital	7.69	7.13	80.05	-126.82	-4.99
Book Value Per Share	21.71	31.02	35.00	18.23	5.04
Tangible Book Value	674.9	964.38	1,088	566.86	156.76
Tangible Book Value Per Share	21.70	31.01	35.00	18.23	5.04
Machinery	1,171	1,380	1,222	-	211.24
Construction In Progress	-	-	-	-	10.98

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