Polisan Holding A.S. 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	282.58	509.13	606.84	782.93	411.56
Short-Term Investments	-	-	-	106.81	-
Trading Asset Securities	-	-	0.02	-	-
Cash & Short-Term Investments	282.58	509.13	606.86	889.74	411.56
Cash Growth	-44.50%	-16.10%	-31.79%	116.19%	35.57%
Accounts Receivable	1,193	1,250	1,389	1,261	631.61
Other Receivables	33.64	34.93	294.88	44.79	11.25
Receivables	1,227	1,285	1,684	1,306	642.86
Inventory	320.62	473.03	510.16	895.08	391.27
Prepaid Expenses	94.9	40.32	85.25	28.41	10.47
Other Current Assets	799.21	332.41	121.68	102.35	62.21
Total Current Assets	2,724	2,640	3,008	3,221	1,518
Property, Plant & Equipment	9,860	7,540	7,340	5,161	1,175
Long-Term Investments	-	4,080	4,636	2,545	525.59
Other Intangible Assets	59.08	25.14	19.93	12.27	2.83
Long-Term Deferred Tax Assets	82.04	412.03	401.03	501.27	33.61
Other Long-Term Assets	5,339	4,758	4,719	2,561	493.22
Total Assets	18,065	19,455	20,123	14,001	3,749
Accounts Payable	1,017	1,029	1,410	1,591	710.24
Accrued Expenses	150.98	202.62	138.4	127.08	27.84
Short-Term Debt	1,267	1,351	514.13	291.58	185.07
Current Portion of Long-Term Debt	348.53	192.62	495.85	484.02	297.04
Current Portion of Leases	-	42.6	18.77	20.24	8.66
Current Income Taxes Payable	-	22.84	83.46	60.46	6.29
Current Unearned Revenue	-	6.98	43.1	18.11	6.71
Other Current Liabilities	153.5	5.45	7.43	4.93	3.11
Total Current Liabilities	2,937	2,854	2,711	2,597	1,245
Long-Term Debt	474.91	-	245.62	326.78	296.91
Long-Term Leases	-	113.88	161.79	110.63	46.01
Pension & Post-Retirement Benefits	100.07	78.09	55.01	51.3	16.47
Long-Term Deferred Tax Liabilities	989.21	975.08	691.83	634.83	97.42
Total Liabilities	4,501	4,021	3,865	3,721	1,702
Common Stock	758.5	758.5	758.5	758.5	758.5
Additional Paid-In Capital	236.6	180.76	180.76	125.2	23.13
Retained Earnings	2,568	5,859	6,599	4,252	1,040
Comprehensive Income & Other	10,001	8,636	8,719	5,144	225.68
Total Common Equity	13,564	15,434	16,258	10,280	2,047
Shareholders' Equity	13,564	15,434	16,258	10,280	2,047
Total Liabilities & Equity	18,065	19,455	20,123	14,001	3,749
Total Debt	2,090	1,700	1,436	1,233	833.68
Net Cash (Debt)	-1,808	-1,191	-829.3	-343.51	-422.12
Net Cash Per Share	-	-0.32	-0.22	-0.09	-0.11
Filing Date Shares Outstanding	-	3,775	3,775	3,775	3,775
Total Common Shares Outstanding	-	3,775	3,775	3,775	3,775
Working Capital	-212.24	-214.22	296.85	623.73	273.4
Book Value Per Share	-	4.09	4.31	2.72	0.54
Tangible Book Value	13,505	15,409	16,238	10,268	2,044
Tangible Book Value Per Share	-	4.08	4.30	2.72	0.54
Land	-	2,318	2,443	1,701	242.41
Buildings	-	820.14	804.85	359.73	136.82
Machinery	-	1,902	2,045	200.11	31.67
Construction In Progress	-	12.7	70.25	417.95	99.16
Leasehold Improvements	-	138.89	138.23	83.96	16.84

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