IST:PAPIL 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	113.39	28.43	77.58	93.8	86.41	72.62
Trading Asset Securities	105.44	171.11	211.94	83.93	-	-
Cash & Short-Term Investments	218.84	199.54	289.52	177.73	86.41	72.62
Cash Growth	-9.89%	-31.08%	62.90%	105.68%	19.00%	-4.67%
Accounts Receivable	19.57	133.62	12.4	25.39	11.26	1.72
Other Receivables	6.52	-	0	0.02	0.52	0.48
Receivables	26.09	133.62	12.4	25.41	11.79	2.2
Inventory	68.47	20.99	75.89	33.39	11.05	10.62
Prepaid Expenses	1.12	1.15	2.43	0.63	1.04	0.14
Other Current Assets	66.16	13.02	13.74	9.83	2.54	1.52
Total Current Assets	380.67	368.32	393.98	247	112.83	87.1
Property, Plant & Equipment	10.55	7.4	9.44	3.87	1.52	2.1
Other Intangible Assets	42.06	0.03	0.06	0.05	0.08	0.12
Long-Term Deferred Tax Assets	-	-	-	-	1.78	2.13
Long-Term Deferred Charges	138.68	112.5	91.96	38.33	8.5	3.18
Other Long-Term Assets	0.01	0.01	-	-	-	-
Total Assets	571.97	488.27	495.43	289.25	124.7	94.63
Accounts Payable	0.89	10.67	1.07	3.48	0.48	0.31
Accrued Expenses	5.85	8.54	6.25	4.74	1.95	1.01
Current Portion of Leases	3.82	2.55	2.79	0.93	1.01	0.65
Current Income Taxes Payable	0.17	-	1.41	2.26	4.75	-
Current Unearned Revenue	4.21	3.01	7.74	0	0.52	0.83
Other Current Liabilities	1.28	0.88	1.39	1.15	0.21	0.18
Total Current Liabilities	47.59	25.66	20.65	12.56	8.93	2.97
Long-Term Leases	2.94	2.62	2.28	0.17	0.41	0.92
Pension & Post-Retirement Benefits	4.24	3.23	3.54	2.55	0.96	0.66
Long-Term Deferred Tax Liabilities	5.45	10.57	7.22	3.31	-	-
Total Liabilities	60.22	42.07	33.69	18.59	10.29	4.56
Common Stock	206.25	206.25	34.38	34.38	34.38	34.38
Additional Paid-In Capital	24.68	19.68	96.91	67.12	15.9	15.9
Retained Earnings	89.15	109.71	133.54	43.13	64.1	39.93
Treasury Stock	-1.7	-1.36	-7.21	-3.92	-	-
Comprehensive Income & Other	193.38	111.91	204.12	129.95	0.04	-0.15
Shareholders' Equity	511.75	446.2	461.74	270.66	114.41	90.06
Total Liabilities & Equity	571.97	488.27	495.43	289.25	124.7	94.63
Total Debt	38.13	5.17	5.07	1.1	1.42	1.57
Net Cash (Debt)	180.71	194.38	284.45	176.63	84.99	71.04
Net Cash Growth	-24.77%	-31.67%	61.04%	107.82%	19.63%	-5.45%
Net Cash Per Share	0.88	0.94	1.38	0.86	0.41	0.34
Filing Date Shares Outstanding	206.14	206.14	204.97	205.25	206.25	206.25
Total Common Shares Outstanding	206.14	206.14	204.97	205.25	206.25	206.25
Working Capital	333.08	342.67	373.33	234.43	103.9	84.12
Book Value Per Share	2.48	2.16	2.25	1.32	0.55	0.44
Tangible Book Value	469.69	446.17	461.68	270.61	114.32	89.94
Tangible Book Value Per Share	2.28	2.16	2.25	1.32	0.55	0.44
Machinery	-	14.93	13.93	8.5	1.58	1.38
Leasehold Improvements	-	0.94	0.94	0.65	-	-

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