Ülker Bisküvi Sanayi A.S. (IST:ULKER)

Ülker Bisküvi Sanayi A.S. 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	27,391	26,308	16,831	15,249	9,397	7,422
Trading Asset Securities	32.37	5.44	18.9	367.93	24.1	90.83
Cash & Short-Term Investments	27,424	26,314	16,849	15,617	9,421	7,512
Cash Growth	63.92%	56.17%	7.89%	65.77%	25.41%	37.99%
Accounts Receivable	26,522	21,900	17,422	12,174	4,688	3,092
Other Receivables	2,654	2,739	3,311	2,531	746.83	2,199
Receivables	29,176	24,639	20,733	14,704	5,435	5,291
Inventory	23,571	11,831	12,115	8,516	3,218	1,696
Prepaid Expenses	1,250	230.94	142.14	130.87	368.88	-
Other Current Assets	3,247	2,096	3,562	2,804	321.89	201.52
Total Current Assets	84,668	65,110	53,402	41,773	18,765	14,701
Property, Plant & Equipment	26,432	23,257	23,497	14,703	3,641	2,847
Long-Term Investments	5,593	4,906	5,789	4,428	1,878	978.11
Goodwill	2,713	2,206	2,697	1,849	896.54	496.2
Other Intangible Assets	1,942	1,696	2,050	1,480	651.3	363.78
Long-Term Deferred Tax Assets	220.5	154.06	1,168	1,704	327.84	30.47
Other Long-Term Assets	145.78	107.13	319.76	212.4	83.63	75.18
Total Assets	121,715	97,437	88,922	66,149	26,244	19,492
Accounts Payable	10,030	10,268	11,023	6,857	2,270	1,275
Accrued Expenses	1,372	2,086	2,050	1,147	417.23	288.82
Short-Term Debt	14,005	4,204	1,646	1,524	759.91	11.41
Current Portion of Long-Term Debt	30,403	11,069	6,236	17,249	2,079	1,118
Current Portion of Leases	0.55	1.4	1.76	12.98	24.35	19.11
Current Income Taxes Payable	224.47	266.27	725.14	431.63	301.54	85.89
Current Unearned Revenue	80.09	100.95	116.77	135.54	83.75	77.38
Other Current Liabilities	2,344	448.77	503.15	468.46	198.24	354.77
Total Current Liabilities	58,459	28,444	22,303	27,826	6,134	3,231
Long-Term Debt	20,879	32,735	36,241	20,344	15,307	9,028
Long-Term Leases	-	-	2.02	4.41	7	30.72
Long-Term Deferred Tax Liabilities	1,917	1,105	296.15	1,074	134.9	157.85
Total Liabilities	83,342	63,961	60,333	50,506	21,930	12,675
Common Stock	369.28	369.28	369.28	342	342	342
Additional Paid-In Capital	5,618	4,815	4,815	-	-	-
Retained Earnings	23,548	19,926	31,946	18,626	4,078	4,754
Comprehensive Income & Other	6,581	6,173	-11,183	-6,932	-1,433	940.62
Total Common Equity	36,117	31,283	25,947	12,036	2,987	6,037
Minority Interest	2,257	2,193	2,643	3,607	1,327	779.91
Shareholders' Equity	38,374	33,476	28,590	15,643	4,314	6,817
Total Liabilities & Equity	121,715	97,437	88,922	66,149	26,244	19,492
Total Debt	65,288	48,009	44,127	39,135	18,177	10,207
Net Cash (Debt)	-37,864	-21,696	-27,277	-23,517	-8,756	-2,694
Net Cash Per Share	-102.54	-58.75	-73.87	-63.68	-25.60	-7.88
Filing Date Shares Outstanding	369.28	369.28	369.28	342	342	342
Total Common Shares Outstanding	369.28	369.28	369.28	342	342	342
Working Capital	26,209	36,666	31,099	13,947	12,631	11,470
Book Value Per Share	97.80	84.71	70.26	35.19	8.73	17.65
Tangible Book Value	31,461	27,380	21,200	8,707	1,439	5,177
Tangible Book Value Per Share	85.20	74.15	57.41	25.46	4.21	15.14
Land	9,419	8,072	8,037	4,589	836.11	857.54
Buildings	16,581	14,195	12,363	5,499	1,450	1,228
Machinery	34,326	28,686	28,871	19,427	4,043	2,828
Construction In Progress	403.58	920.67	793.05	371.56	179.15	67.04
Leasehold Improvements	614.54	525.46	508.36	351.3	54.22	54.17

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