IST:PAPIL Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	19.86	21.69	37.21	77.58	93.8	86.41
Trading Asset Securities	-	283.93	223.97	211.94	83.93	-
Cash & Short-Term Investments	252.22	305.62	261.19	289.52	177.73	86.41
Cash Growth	24.25%	17.01%	-9.79%	62.90%	105.68%	19.00%
Accounts Receivable	1.76	15.96	174.9	12.4	25.39	11.26
Other Receivables	13.91	15.44	6.73	0	0.02	0.52
Receivables	15.67	31.39	181.63	12.4	25.41	11.79
Inventory	158.86	123.86	27.48	75.89	33.39	11.05
Prepaid Expenses	21.04	10.93	1.5	2.43	0.63	1.04
Other Current Assets	9.33	22.21	10.31	13.74	9.83	2.54
Total Current Assets	457.12	494.01	482.1	393.98	247	112.83
Property, Plant & Equipment	32.84	30.58	9.69	9.44	3.87	1.52
Other Intangible Assets	217.51	0.73	0.04	0.06	0.05	0.08
Long-Term Deferred Tax Assets	31.76	-	-	-	-	1.78
Long-Term Deferred Charges	-	187.91	147.25	91.96	38.33	8.5
Other Long-Term Assets	-	0.08	0.02	-	-	-
Total Assets	739.23	713.31	639.1	495.43	289.25	124.7
Accounts Payable	36.01	44.9	13.97	1.07	3.48	0.48
Accrued Expenses	16.21	3.46	1.69	6.25	4.74	1.95
Short-Term Debt	221.1	134.77	-	-	-	-
Current Portion of Leases	15	5.13	3.34	2.79	0.93	1.01
Current Income Taxes Payable	-	0.12	5.6	1.41	2.26	4.75
Current Unearned Revenue	1.5	0.14	3.94	7.74	0	0.52
Other Current Liabilities	0.95	6.28	5.04	1.39	1.15	0.21
Total Current Liabilities	296.61	194.8	33.58	20.65	12.56	8.93
Long-Term Leases	0.57	11.75	3.42	2.28	0.17	0.41
Pension & Post-Retirement Benefits	7.11	5.52	4.23	3.54	2.55	0.96
Long-Term Deferred Tax Liabilities	-	5.88	13.84	7.22	3.31	-
Total Liabilities	311.27	217.95	55.07	33.69	18.59	10.29
Common Stock	206.25	206.25	206.25	34.38	34.38	34.38
Additional Paid-In Capital	28.34	25.76	25.76	96.91	67.12	15.9
Retained Earnings	-56.78	54.33	143.6	133.54	43.13	64.1
Treasury Stock	-1.95	-1.77	-1.77	-7.21	-3.92	-
Comprehensive Income & Other	252.1	210.8	210.2	204.12	129.95	0.04
Shareholders' Equity	427.96	495.36	584.04	461.74	270.66	114.41
Total Liabilities & Equity	739.23	713.31	639.1	495.43	289.25	124.7
Total Debt	249.49	151.65	6.76	5.07	1.1	1.42
Net Cash (Debt)	2.73	153.97	254.42	284.45	176.63	84.99
Net Cash Growth	-98.60%	-39.48%	-10.56%	61.04%	107.82%	19.63%
Net Cash Per Share	0.01	0.75	1.23	1.38	0.86	0.41
Filing Date Shares Outstanding	206.14	206.14	206.14	204.97	205.25	206.25
Total Common Shares Outstanding	206.14	206.14	206.14	204.97	205.25	206.25
Working Capital	160.51	299.21	448.52	373.33	234.43	103.9
Book Value Per Share	2.08	2.40	2.83	2.25	1.32	0.55
Tangible Book Value	210.46	494.63	584	461.68	270.61	114.32
Tangible Book Value Per Share	1.02	2.40	2.83	2.25	1.32	0.55
Machinery	-	24.98	19.54	13.93	8.5	1.58
Leasehold Improvements	-	5.02	1.24	0.94	0.65	-

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