IST:ULUSE Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	319.23	256.4	443.29	162.85	35.68	104.36
Cash & Short-Term Investments	319.23	256.4	443.29	162.85	35.68	104.36
Cash Growth	44.98%	-42.16%	172.21%	356.42%	-65.81%	-33.48%
Accounts Receivable	1,322	1,112	1,272	981.88	405.68	250.91
Other Receivables	56.29	33.58	35.17	18.05	7.67	6.24
Receivables	1,378	1,145	1,307	999.93	413.35	257.15
Inventory	2,112	1,299	1,193	860.15	381.93	129.13
Prepaid Expenses	99.43	13.62	10.11	7.03	1.73	1.99
Other Current Assets	956.72	505	388.37	168.04	142.52	61.9
Total Current Assets	4,866	3,219	3,342	2,198	975.21	554.53
Property, Plant & Equipment	985.66	780.8	831.6	606.77	142.52	95.34
Other Intangible Assets	356.87	291.9	331.6	257.17	103.08	0.07
Long-Term Deferred Tax Assets	-	12.12	78.08	48.33	11.81	9.7
Long-Term Deferred Charges	-	15.63	15.05	7.23	2.75	-
Other Long-Term Assets	1.38	196.22	162.03	313.75	49.93	-
Total Assets	6,210	4,516	4,761	3,431	1,285	659.63
Accounts Payable	3,344	2,503	2,038	1,337	556.46	124.9
Accrued Expenses	183.63	101.62	151.96	55.58	43.28	13.81
Short-Term Debt	-	-	782.87	820.83	321.53	-
Current Portion of Leases	18.86	4.62	12.23	9.68	4.49	2.47
Current Income Taxes Payable	-	43.1	-	-	-	-
Current Unearned Revenue	593.79	4.07	15.97	7	14.86	4.13
Other Current Liabilities	83.06	104.94	119.58	84.19	11.62	102.61
Total Current Liabilities	5,064	2,762	3,120	2,314	952.25	247.92
Long-Term Debt	886.85	1,376	744.73	-	-	-
Long-Term Leases	24.91	8.98	2.79	11.27	9.17	4.78
Pension & Post-Retirement Benefits	54.6	71.96	77.98	33.88	7	6.42
Other Long-Term Liabilities	11.59	7.71	6.12	-	-	-
Total Liabilities	6,042	4,227	3,952	2,359	968.42	259.12
Common Stock	80	80	80	80	80	80
Retained Earnings	-717.74	-416.63	97.07	523.11	245.56	319.97
Comprehensive Income & Other	808.14	627.42	634.92	469.96	-8.34	0.73
Total Common Equity	170.4	290.79	811.99	1,073	317.21	400.69
Minority Interest	-2.93	-1.8	-3.1	-1.3	-0.33	-0.19
Shareholders' Equity	167.47	288.99	808.89	1,072	316.88	400.51
Total Liabilities & Equity	6,210	4,516	4,761	3,431	1,285	659.63
Total Debt	1,772	1,390	1,543	841.78	335.19	7.25
Net Cash (Debt)	-1,452	-1,133	-1,099	-678.93	-299.51	97.11
Net Cash Growth	-	-	-	-	-	-37.45%
Net Cash Per Share	-18.16	-14.17	-13.74	-8.49	-3.74	1.21
Filing Date Shares Outstanding	80	80	80	80	80	80
Total Common Shares Outstanding	80	80	80	80	80	80
Working Capital	-198.5	457.13	222.15	-116.34	22.96	306.61
Book Value Per Share	2.13	3.63	10.15	13.41	3.97	5.01
Tangible Book Value	-186.48	-1.11	480.39	815.9	214.13	400.63
Tangible Book Value Per Share	-2.33	-0.01	6.00	10.20	2.68	5.01
Land	-	59.17	59.17	45.09	6.49	6.49
Buildings	-	309.27	290.92	203.58	27.26	24.01
Machinery	-	1,006	925.26	595.85	121.75	81.99
Construction In Progress	-	58.58	128.76	83.07	26.01	8.9
Leasehold Improvements	-	3.43	3.43	2.37	-	0.88

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