Ulusal Faktoring 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	754.34	220.48	124.05	45.92	24.93	23.72
Trading Asset Securities	10.6	10.69	-	-	-	-
Cash & Short-Term Investments	764.94	231.17	124.05	45.92	24.93	23.72
Cash Growth	80.12%	86.36%	170.16%	84.17%	5.12%	107.52%
Accounts Receivable	18,523	15,458	10,421	4,744	2,708	1,502
Other Receivables	-	4.43	0.9	0.58	0.33	0.42
Receivables	18,523	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	19,288	16,307	11,027	4,960	2,792	1,564
Property, Plant & Equipment	319.88	320.39	179.1	54.15	20.51	20.38
Other Intangible Assets	51.44	37.48	8.42	2.23	2.6	0.8
Long-Term Deferred Tax Assets	52.48	69.57	330.24	151.87	56.27	27.51
Other Long-Term Assets	780.14	0.16	0.14	0.16	0.49	0.36
Total Assets	20,492	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	1,706	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	16.11	-	139.24	102.82	24.37	7.97
Other Current Liabilities	-	15.05	8.73	3.59	1.44	0.82
Total Current Liabilities	1,722	14,481	9,781	4,196	2,475	1,323
Long-Term Debt	16,081	-	-	-	-	-
Long-Term Leases	211.19	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	63.2	18.78	13.67	7.43	6.81	3.04
Other Long-Term Liabilities	410.46	26.28	38.52	9.98	5.45	1.38
Total Liabilities	18,488	14,709	9,896	4,320	2,510	1,348
Common Stock	540	540	133.5	133.5	133.5	133.5
Additional Paid-In Capital	43.13	43.13	43.13	43.13	43.13	43.13
Retained Earnings	1,573	1,594	1,474	671.94	186.17	89.48
Comprehensive Income & Other	-151.83	-151.83	-1.95	-0.24	-0.24	-1.3
Shareholders' Equity	2,004	2,025	1,649	848.33	362.56	264.81
Total Liabilities & Equity	20,492	16,734	11,545	5,169	2,872	1,613
Total Debt	17,998	14,429	9,552	4,063	2,441	1,311
Net Cash (Debt)	-17,233	-14,198	-9,428	-4,017	-2,416	-1,287
Net Cash Per Share	-31.91	-26.29	-17.46	-7.44	-4.47	-3.04
Filing Date Shares Outstanding	540.01	540	540	540	540	540
Total Common Shares Outstanding	540.01	540	540	540	540	540
Working Capital	17,566	1,825	1,246	763.92	317.47	241.08
Book Value Per Share	3.71	3.75	3.05	1.57	0.67	0.49
Tangible Book Value	1,953	1,988	1,641	846.11	359.97	264
Tangible Book Value Per Share	3.62	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.