IST:ULUSE 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	453.37	335.6	443.29	162.85	35.68
Cash & Short-Term Investments	453.37	335.6	443.29	162.85	35.68
Cash Growth	35.09%	-24.29%	172.21%	356.42%	-65.81%
Accounts Receivable	1,134	1,455	1,272	981.88	405.68
Other Receivables	45.06	43.06	35.17	18.05	7.67
Receivables	1,179	1,498	1,307	999.93	413.35
Inventory	2,263	1,700	1,193	860.15	381.93
Prepaid Expenses	10.11	18.73	10.11	7.03	1.73
Other Current Assets	900.88	661.01	388.37	168.04	142.52
Total Current Assets	4,806	4,213	3,342	2,198	975.21
Property, Plant & Equipment	1,142	1,022	831.6	606.77	142.52
Other Intangible Assets	330.63	382.07	331.6	257.17	103.08
Long-Term Deferred Tax Assets	-	15.86	78.08	48.33	11.81
Long-Term Deferred Charges	14.67	20.46	15.05	7.23	2.75
Other Long-Term Assets	417.78	256.84	162.03	313.75	49.93
Total Assets	6,711	5,911	4,761	3,431	1,285
Accounts Payable	4,058	3,277	2,038	1,337	556.46
Accrued Expenses	357.49	269.76	151.96	55.58	43.28
Short-Term Debt	-	-	782.87	820.83	321.53
Current Portion of Long-Term Debt	880.12	-	-	-	-
Current Portion of Leases	17.87	6.05	12.23	9.68	4.49
Current Income Taxes Payable	-	56.41	-	-	-
Current Unearned Revenue	0.48	5.33	15.97	7	14.86
Other Current Liabilities	234.36	49.9	119.58	84.19	11.62
Total Current Liabilities	5,548	3,664	3,120	2,314	952.25
Long-Term Debt	926.1	1,801	744.73	-	-
Long-Term Leases	22.21	11.75	2.79	11.27	9.17
Pension & Post-Retirement Benefits	52.85	44.91	77.98	33.88	7
Long-Term Deferred Tax Liabilities	2.59	-	-	-	-
Other Long-Term Liabilities	18.05	10.1	6.12	-	-
Total Liabilities	6,570	5,532	3,952	2,359	968.42
Common Stock	80	80	80	80	80
Retained Earnings	-786.35	-545.33	97.07	523.11	245.56
Comprehensive Income & Other	850.18	845.95	634.92	469.96	-8.34
Total Common Equity	143.84	380.62	811.99	1,073	317.21
Minority Interest	-3.02	-2.36	-3.1	-1.3	-0.33
Shareholders' Equity	140.81	378.27	808.89	1,072	316.88
Total Liabilities & Equity	6,711	5,911	4,761	3,431	1,285
Total Debt	1,846	1,819	1,543	841.78	335.19
Net Cash (Debt)	-1,393	-1,483	-1,099	-678.93	-299.51
Net Cash Per Share	-17.41	-18.54	-13.74	-8.49	-3.74
Filing Date Shares Outstanding	80	80	80	80	80
Total Common Shares Outstanding	80	80	80	80	80
Working Capital	-742.03	549.06	222.15	-116.34	22.96
Book Value Per Share	1.80	4.76	10.15	13.41	3.97
Tangible Book Value	-186.8	-1.45	480.39	815.9	214.13
Tangible Book Value Per Share	-2.33	-0.02	6.00	10.20	2.68
Land	77.45	77.45	59.17	45.09	6.49
Buildings	440.43	404.81	290.92	203.58	27.26
Machinery	1,361	1,317	925.26	595.85	121.75
Construction In Progress	134.3	76.67	128.76	83.07	26.01
Leasehold Improvements	-	-	-	2.37	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.