IST:PAPIL 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	21.69	28.43	77.58	93.8	86.41
Short-Term Investments	283.93	-	-	-	-
Trading Asset Securities	-	171.11	211.94	83.93	-
Cash & Short-Term Investments	305.62	199.54	289.52	177.73	86.41
Cash Growth	53.16%	-31.08%	62.90%	105.68%	19.00%
Accounts Receivable	15.96	133.62	12.4	25.39	11.26
Other Receivables	0.03	-	0	0.02	0.52
Receivables	15.99	133.62	12.4	25.41	11.79
Inventory	123.86	20.99	75.89	33.39	11.05
Prepaid Expenses	25.95	1.15	2.43	0.63	1.04
Other Current Assets	22.6	13.02	13.74	9.83	2.54
Total Current Assets	494.01	368.32	393.98	247	112.83
Property, Plant & Equipment	30.58	7.4	9.44	3.87	1.52
Other Intangible Assets	188.64	0.03	0.06	0.05	0.08
Long-Term Deferred Tax Assets	-	-	-	-	1.78
Long-Term Deferred Charges	-	112.5	91.96	38.33	8.5
Other Long-Term Assets	0.08	0.01	-	-	-
Total Assets	713.31	488.27	495.43	289.25	124.7
Accounts Payable	44.9	10.67	1.07	3.48	0.48
Accrued Expenses	3.46	8.54	6.25	4.74	1.95
Short-Term Debt	134.77	-	-	-	-
Current Portion of Leases	5.13	2.55	2.79	0.93	1.01
Current Income Taxes Payable	-	-	1.41	2.26	4.75
Current Unearned Revenue	0.14	3.01	7.74	0	0.52
Other Current Liabilities	6.4	0.88	1.39	1.15	0.21
Total Current Liabilities	194.8	25.66	20.65	12.56	8.93
Long-Term Leases	11.75	2.62	2.28	0.17	0.41
Pension & Post-Retirement Benefits	-	3.23	3.54	2.55	0.96
Long-Term Deferred Tax Liabilities	5.88	10.57	7.22	3.31	-
Other Long-Term Liabilities	5.52	-	-	-	-
Total Liabilities	217.95	42.07	33.69	18.59	10.29
Common Stock	206.25	206.25	34.38	34.38	34.38
Additional Paid-In Capital	208.03	19.68	96.91	67.12	15.9
Retained Earnings	54.33	109.71	133.54	43.13	64.1
Treasury Stock	-1.77	-1.36	-7.21	-3.92	-
Comprehensive Income & Other	28.52	111.91	204.12	129.95	0.04
Shareholders' Equity	495.36	446.2	461.74	270.66	114.41
Total Liabilities & Equity	713.31	488.27	495.43	289.25	124.7
Total Debt	151.65	5.17	5.07	1.1	1.42
Net Cash (Debt)	153.97	194.38	284.45	176.63	84.99
Net Cash Growth	-20.79%	-31.67%	61.04%	107.82%	19.63%
Net Cash Per Share	-	0.94	1.38	0.86	0.41
Filing Date Shares Outstanding	-	206.14	204.97	205.25	206.25
Total Common Shares Outstanding	-	206.14	204.97	205.25	206.25
Working Capital	299.21	342.67	373.33	234.43	103.9
Book Value Per Share	-	2.16	2.25	1.32	0.55
Tangible Book Value	306.72	446.17	461.68	270.61	114.32
Tangible Book Value Per Share	-	2.16	2.25	1.32	0.55
Machinery	-	14.93	13.93	8.5	1.58
Leasehold Improvements	-	0.94	0.94	0.65	-

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