Ülker Bisküvi Sanayi A.S. 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	17,161	23,319	34,435	16,831	15,249	9,397
Short-Term Investments	6.61	-	-	-	-	-
Trading Asset Securities	-	2,957	577.32	18.9	367.93	24.1
Cash & Short-Term Investments	17,168	26,276	35,013	16,849	15,617	9,421
Cash Growth	-28.33%	-24.95%	107.80%	7.89%	65.77%	25.41%
Accounts Receivable	36,995	29,320	28,665	17,422	12,174	4,688
Other Receivables	116.52	2,171	3,586	3,311	2,531	746.83
Receivables	37,111	31,491	32,251	20,733	14,704	5,435
Inventory	28,470	23,671	15,485	12,115	8,516	3,218
Prepaid Expenses	1,723	339.38	302.28	142.14	130.87	368.88
Other Current Assets	5,618	3,128	2,174	3,562	2,804	321.89
Total Current Assets	90,090	84,906	85,224	53,402	41,773	18,765
Property, Plant & Equipment	33,522	31,331	30,442	23,497	14,703	3,641
Long-Term Investments	5,320	5,151	6,422	5,789	4,428	1,878
Goodwill	2,922	2,870	2,887	2,697	1,849	896.54
Other Intangible Assets	2,180	2,088	2,220	2,050	1,480	651.3
Long-Term Deferred Tax Assets	307.61	316.96	201.65	1,168	1,704	327.84
Other Long-Term Assets	259.8	204.02	140.22	319.76	212.4	83.63
Total Assets	134,601	126,867	127,538	88,922	66,149	26,244
Accounts Payable	3,048	14,207	13,441	11,023	6,857	2,270
Accrued Expenses	2,216	2,691	2,730	2,050	1,147	417.23
Short-Term Debt	12,235	12,492	5,503	1,646	1,524	759.91
Current Portion of Long-Term Debt	5,149	5,046	14,489	6,236	17,249	2,079
Current Portion of Leases	-	-	1.83	1.76	12.98	24.35
Current Income Taxes Payable	1,237	245.11	348.52	725.14	431.63	301.54
Current Unearned Revenue	86.13	68.31	132.14	116.77	135.54	83.75
Other Current Liabilities	11,295	540.74	587.41	503.15	468.46	198.24
Total Current Liabilities	35,265	35,290	37,232	22,303	27,826	6,134
Long-Term Debt	40,868	39,808	42,848	36,241	20,344	15,307
Long-Term Leases	-	-	-	2.02	4.41	7
Pension & Post-Retirement Benefits	2,577	2,412	2,195	1,491	1,258	346.83
Long-Term Deferred Tax Liabilities	4,076	3,482	1,446	296.15	1,074	134.9
Total Liabilities	82,786	80,991	83,720	60,333	50,506	21,930
Common Stock	369.28	369.28	369.28	369.28	342	342
Additional Paid-In Capital	6,936	6,303	6,303	4,815	-	-
Retained Earnings	31,451	27,140	26,081	31,946	18,626	4,078
Comprehensive Income & Other	10,268	9,490	8,194	-11,183	-6,932	-1,433
Total Common Equity	49,024	43,302	40,947	25,947	12,036	2,987
Minority Interest	2,791	2,574	2,871	2,643	3,607	1,327
Shareholders' Equity	51,815	45,876	43,818	28,590	15,643	4,314
Total Liabilities & Equity	134,601	126,867	127,538	88,922	66,149	26,244
Total Debt	58,252	57,345	62,841	44,127	39,135	18,177
Net Cash (Debt)	-41,085	-31,070	-27,828	-27,277	-23,517	-8,756
Net Cash Per Share	-	-84.14	-75.36	-73.87	-63.68	-25.60
Filing Date Shares Outstanding	-	369.28	369.28	369.28	342	342
Total Common Shares Outstanding	-	369.28	369.28	369.28	342	342
Working Capital	54,825	49,616	47,993	31,099	13,947	12,631
Book Value Per Share	-	117.26	110.88	70.26	35.19	8.73
Tangible Book Value	43,922	38,344	35,839	21,200	8,707	1,439
Tangible Book Value Per Share	-	103.84	97.05	57.41	25.46	4.21
Land	-	11,181	10,565	8,037	4,589	836.11
Buildings	-	21,228	18,581	12,363	5,499	1,450
Machinery	-	39,115	37,548	28,871	19,427	4,043
Construction In Progress	-	591.37	1,205	793.05	371.56	179.15
Leasehold Improvements	-	693.08	687.78	508.36	351.3	54.22

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