TAV Havalimanlari Holding A.S. (IST:TAVHL)

IST:TAVHL Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	21,399	12,952	17,554	5,144	1,396	5,490
Short-Term Investments	-	-	-	-	-	454.22
Trading Asset Securities	2,868	2,401	2,635	906.36	-	-
Cash & Short-Term Investments	24,266	15,353	20,189	6,050	1,396	5,944
Cash Growth	-4.06%	-23.96%	233.71%	333.52%	-76.52%	53.09%
Accounts Receivable	9,718	5,022	3,936	2,477	1,394	734.81
Other Receivables	3,107	2,333	1,446	907.56	439.38	2,053
Receivables	12,825	7,355	5,382	3,384	2,180	2,963
Inventory	1,914	1,643	1,101	996.65	311.42	64.74
Prepaid Expenses	2,619	1,958	2,372	1,946	443.94	174.82
Restricted Cash	-	-	-	-	1,234	223.99
Other Current Assets	8,428	4,957	4,561	2,609	1,151	483.71
Total Current Assets	50,052	31,266	33,606	14,986	6,715	9,854
Property, Plant & Equipment	43,055	39,829	24,301	10,474	6,445	2,256
Long-Term Investments	33,950	28,756	25,948	14,582	4,793	3,063
Goodwill	10,406	8,208	7,049	4,370	3,205	1,245
Other Intangible Assets	95,261	54,687	51,954	33,322	25,422	14,361
Long-Term Accounts Receivable	2,660	-	-	-	1,440	963.38
Long-Term Deferred Tax Assets	2,511	2,019	1,439	570	277.3	292.66
Other Long-Term Assets	8,173	12,218	9,194	3,648	358.06	240.52
Total Assets	248,235	178,652	154,827	84,335	51,724	32,296
Accounts Payable	4,669	3,489	2,351	1,685	634.17	421.08
Accrued Expenses	10,155	7,098	7,269	3,176	1,166	1,758
Short-Term Debt	13,686	11,060	12,164	5,525	2,551	5,334
Current Portion of Long-Term Debt	7,035	5,393	4,972	2,087	2,528	3,853
Current Portion of Leases	817.7	513.58	205.85	123.56	93.97	66.95
Current Income Taxes Payable	669.4	176.64	394.33	215.7	49.49	27.47
Current Unearned Revenue	297.84	395.79	473.49	912.8	50.09	91.29
Other Current Liabilities	16,222	1,578	1,103	849.77	244.36	95.11
Total Current Liabilities	53,551	29,704	28,933	14,575	7,318	11,648
Long-Term Debt	60,797	46,919	38,827	19,046	14,584	5,405
Long-Term Leases	7,556	4,017	2,036	1,042	818.37	548.72
Long-Term Unearned Revenue	895.96	609.94	474.37	233.72	198.26	138.66
Pension & Post-Retirement Benefits	1,417	1,426	757.56	479.02	164.76	141.73
Long-Term Deferred Tax Liabilities	4,904	3,242	2,513	1,775	1,121	120.85
Other Long-Term Liabilities	37,900	33,116	34,821	23,619	12,345	5,803
Total Liabilities	167,020	119,034	108,362	60,770	36,549	23,805
Common Stock	363.28	363.28	363.28	363.28	361.57	366.36
Additional Paid-In Capital	330.2	330.2	330.2	330.2	3,308	2,001
Retained Earnings	24,953	20,929	13,732	4,163	10,701	6,010
Treasury Stock	-	-	-	-	-64.3	-38.9
Comprehensive Income & Other	54,390	37,437	31,544	18,310	645.28	44.5
Total Common Equity	80,037	59,060	45,969	23,166	14,951	8,383
Minority Interest	1,178	557.76	495.86	398.65	224.49	108.16
Shareholders' Equity	81,215	59,618	46,465	23,565	15,175	8,491
Total Liabilities & Equity	248,235	178,652	154,827	84,335	51,724	32,296
Total Debt	89,891	67,903	58,205	27,824	20,575	15,208
Net Cash (Debt)	-65,625	-52,550	-38,016	-21,774	-19,180	-9,264
Net Cash Per Share	-180.65	-144.65	-104.65	-60.22	-53.10	-25.50
Filing Date Shares Outstanding	363.28	363.28	363.28	361.23	361.23	361.23
Total Common Shares Outstanding	363.28	363.28	363.28	361.23	361.23	361.23
Working Capital	-3,500	1,562	4,673	410.42	-602.45	-1,794
Book Value Per Share	220.32	162.57	126.54	64.13	41.39	23.21
Tangible Book Value	-25,630	-3,836	-13,035	-14,526	-13,676	-7,223
Tangible Book Value Per Share	-70.55	-10.56	-35.88	-40.21	-37.86	-20.00
Land	-	99.48	82.87	52.53	36.83	1.12
Buildings	-	13,160	6,704	4,043	2,873	179.75
Machinery	-	16,737	10,203	5,421	3,757	1,734
Construction In Progress	-	11,083	9,137	1,956	144.39	176.64
Leasehold Improvements	-	8,681	6,414	3,026	1,951	1,098

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.