IST:ULUSE 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	497.37	453.37	335.6	443.29	162.85	35.68
Cash & Short-Term Investments	497.37	453.37	335.6	443.29	162.85	35.68
Cash Growth	50.83%	35.09%	-24.29%	172.21%	356.42%	-65.81%
Accounts Receivable	1,272	1,134	1,455	1,272	981.88	405.68
Other Receivables	59.01	45.06	43.06	35.17	18.05	7.67
Receivables	1,331	1,179	1,498	1,307	999.93	413.35
Inventory	3,013	2,263	1,700	1,193	860.15	381.93
Prepaid Expenses	18.2	10.11	18.73	10.11	7.03	1.73
Other Current Assets	1,365	900.88	661.01	388.37	168.04	142.52
Total Current Assets	6,225	4,806	4,213	3,342	2,198	975.21
Property, Plant & Equipment	1,233	1,142	1,022	831.6	606.77	142.52
Other Intangible Assets	481.1	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	170.72	417.78	256.84	162.03	313.75	49.93
Total Assets	8,110	6,711	5,911	4,761	3,431	1,285
Accounts Payable	4,492	4,058	3,277	2,038	1,337	556.46
Accrued Expenses	166.58	357.49	269.76	151.96	55.58	43.28
Short-Term Debt	910.08	-	-	782.87	820.83	321.53
Current Portion of Long-Term Debt	-	880.12	-	-	-	-
Current Portion of Leases	19.35	17.87	6.05	12.23	9.68	4.49
Current Income Taxes Payable	-	-	56.41	-	-	-
Current Unearned Revenue	88.7	0.48	5.33	15.97	7	14.86
Other Current Liabilities	190.36	234.36	49.9	119.58	84.19	11.62
Total Current Liabilities	5,867	5,548	3,664	3,120	2,314	952.25
Long-Term Debt	957.62	926.1	1,801	744.73	-	-
Long-Term Leases	17.28	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	205.12	2.59	-	-	-	-
Other Long-Term Liabilities	87.14	18.05	10.1	6.12	-	-
Total Liabilities	7,134	6,570	5,532	3,952	2,359	968.42
Common Stock	80	80	80	80	80	80
Retained Earnings	-63.68	-786.35	-545.33	97.07	523.11	245.56
Comprehensive Income & Other	963.42	850.18	845.95	634.92	469.96	-8.34
Total Common Equity	979.74	143.84	380.62	811.99	1,073	317.21
Minority Interest	-3.96	-3.02	-2.36	-3.1	-1.3	-0.33
Shareholders' Equity	975.77	140.81	378.27	808.89	1,072	316.88
Total Liabilities & Equity	8,110	6,711	5,911	4,761	3,431	1,285
Total Debt	1,904	1,846	1,819	1,543	841.78	335.19
Net Cash (Debt)	-1,407	-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	358.16	-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	498.63	-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	-

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