Ulusal Faktoring 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	220.48	124.05	45.92	24.93	23.72
Trading Asset Securities	10.69	-	-	-	-
Cash & Short-Term Investments	231.17	124.05	45.92	24.93	23.72
Cash Growth	86.36%	170.16%	84.17%	5.12%	107.52%
Accounts Receivable	15,458	10,421	4,744	2,708	1,502
Other Receivables	4.43	0.9	0.58	0.33	0.42
Receivables	15,462	10,422	4,745	2,708	1,502
Prepaid Expenses	571.66	424.54	161.29	57.6	34.57
Other Current Assets	41.84	56.83	7.84	1.72	3.35
Total Current Assets	16,307	11,027	4,960	2,792	1,564
Property, Plant & Equipment	320.39	179.1	54.15	20.51	20.38
Other Intangible Assets	37.48	8.42	2.23	2.6	0.8
Long-Term Deferred Tax Assets	69.57	330.24	151.87	56.27	27.51
Other Long-Term Assets	0.16	0.14	0.16	0.49	0.36
Total Assets	16,734	11,545	5,169	2,872	1,613
Accrued Expenses	114.48	74.74	32.31	10.79	6.08
Short-Term Debt	1,713	412.92	393.11	341.23	35.12
Current Portion of Long-Term Debt	12,509	9,057	3,636	2,096	1,271
Current Portion of Leases	129.92	89.1	28.16	1.03	1.38
Current Income Taxes Payable	-	139.24	102.82	24.37	7.97
Other Current Liabilities	15.05	8.73	3.59	1.44	0.82
Total Current Liabilities	14,481	9,781	4,196	2,475	1,323
Long-Term Leases	77.43	-6.5	5.04	2.73	3.04
Long-Term Unearned Revenue	105.22	68.62	101.54	19.78	17.86
Pension & Post-Retirement Benefits	18.78	13.67	7.43	6.81	3.04
Other Long-Term Liabilities	26.28	38.52	9.98	5.45	1.38
Total Liabilities	14,709	9,896	4,320	2,510	1,348
Common Stock	540	133.5	133.5	133.5	133.5
Additional Paid-In Capital	43.13	43.13	43.13	43.13	43.13
Retained Earnings	1,594	1,474	671.94	186.17	89.48
Comprehensive Income & Other	-151.83	-1.95	-0.24	-0.24	-1.3
Shareholders' Equity	2,025	1,649	848.33	362.56	264.81
Total Liabilities & Equity	16,734	11,545	5,169	2,872	1,613
Total Debt	14,429	9,552	4,063	2,441	1,311
Net Cash (Debt)	-14,198	-9,428	-4,017	-2,416	-1,287
Net Cash Per Share	-26.29	-17.46	-7.44	-4.47	-3.04
Filing Date Shares Outstanding	540	540	540	540	540
Total Common Shares Outstanding	540	540	540	540	540
Working Capital	1,825	1,246	763.92	317.47	241.08
Book Value Per Share	3.75	3.05	1.57	0.67	0.49
Tangible Book Value	1,988	1,641	846.11	359.97	264
Tangible Book Value Per Share	3.68	3.04	1.57	0.67	0.49
Land	-	-	-	-	2.51
Buildings	117.22	85.76	32.42	12.44	12.16
Machinery	86.82	64.75	0.75	12.59	10.2
Leasehold Improvements	64.38	36.86	7.39	4.89	2.89

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