Polisan Holding A.S. 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	93.88	509.13	606.84	782.93	411.56	288.47
Short-Term Investments	-	-	-	106.81	-	15.12
Trading Asset Securities	-	-	0.02	-	-	-
Cash & Short-Term Investments	93.88	509.13	606.86	889.74	411.56	303.59
Cash Growth	-43.65%	-16.10%	-31.79%	116.19%	35.57%	69.58%
Accounts Receivable	1,234	1,250	1,389	1,261	631.61	291.24
Other Receivables	32.01	34.93	294.88	44.79	11.25	12.56
Receivables	1,266	1,285	1,684	1,306	642.86	303.8
Inventory	338.9	473.03	510.16	895.08	391.27	147.81
Prepaid Expenses	202.28	40.32	85.25	28.41	10.47	5.62
Other Current Assets	1,144	332.41	121.68	102.35	62.21	33.89
Total Current Assets	3,045	2,640	3,008	3,221	1,518	794.71
Property, Plant & Equipment	9,398	7,540	7,340	5,161	1,175	1,060
Long-Term Investments	-	4,080	4,636	2,545	525.59	533.68
Other Intangible Assets	34.95	25.14	19.93	12.27	2.83	2.09
Long-Term Accounts Receivable	-	-	-	-	-	0.78
Long-Term Deferred Tax Assets	144.7	412.03	401.03	501.27	33.61	14.1
Other Long-Term Assets	5,489	4,758	4,719	2,561	493.22	400.82
Total Assets	18,111	19,455	20,123	14,001	3,749	2,807
Accounts Payable	938.41	1,029	1,410	1,591	710.24	262.82
Accrued Expenses	76.37	202.62	138.4	127.08	27.84	19.62
Short-Term Debt	1,169	1,351	514.13	291.58	185.07	113.82
Current Portion of Long-Term Debt	339.97	192.62	495.85	484.02	297.04	209.44
Current Portion of Leases	-	42.6	18.77	20.24	8.66	8.23
Current Income Taxes Payable	34.2	22.84	83.46	60.46	6.29	1.58
Current Unearned Revenue	-	6.98	43.1	18.11	6.71	5.69
Other Current Liabilities	159.31	5.45	7.43	4.93	3.11	2.12
Total Current Liabilities	2,717	2,854	2,711	2,597	1,245	623.33
Long-Term Debt	336.84	-	245.62	326.78	296.91	273.6
Long-Term Leases	152.07	113.88	161.79	110.63	46.01	40.45
Pension & Post-Retirement Benefits	-	78.09	55.01	51.3	16.47	15.6
Long-Term Deferred Tax Liabilities	900.12	975.08	691.83	634.83	97.42	97.53
Total Liabilities	4,204	4,021	3,865	3,721	1,702	1,051
Common Stock	758.5	758.5	758.5	758.5	758.5	758.5
Additional Paid-In Capital	226.73	180.76	180.76	125.2	23.13	23.13
Retained Earnings	6,786	5,859	6,599	4,252	1,040	705.62
Comprehensive Income & Other	6,136	8,636	8,719	5,144	225.68	268.82
Total Common Equity	13,907	15,434	16,258	10,280	2,047	1,756
Shareholders' Equity	13,907	15,434	16,258	10,280	2,047	1,756
Total Liabilities & Equity	18,111	19,455	20,123	14,001	3,749	2,807
Total Debt	1,998	1,700	1,436	1,233	833.68	645.55
Net Cash (Debt)	-1,904	-1,191	-829.3	-343.51	-422.12	-341.96
Net Cash Per Share	-0.50	-0.32	-0.22	-0.09	-0.11	-0.09
Filing Date Shares Outstanding	3,775	3,775	3,775	3,775	3,775	3,775
Total Common Shares Outstanding	3,775	3,775	3,775	3,775	3,775	3,775
Working Capital	327.75	-214.22	296.85	623.73	273.4	171.38
Book Value Per Share	3.68	4.09	4.31	2.72	0.54	0.47
Tangible Book Value	13,872	15,409	16,238	10,268	2,044	1,754
Tangible Book Value Per Share	3.67	4.08	4.30	2.72	0.54	0.46
Land	-	2,318	2,443	1,701	242.41	233.16
Buildings	-	820.14	804.85	359.73	136.82	97.65
Machinery	-	1,902	2,045	200.11	31.67	25.73
Construction In Progress	-	12.7	70.25	417.95	99.16	9.14
Leasehold Improvements	-	138.89	138.23	83.96	16.84	17.78

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