Vakif 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	97.57	306.83	510.52	174.99	95.32
Cash & Short-Term Investments	97.57	306.83	510.52	174.99	95.32
Cash Growth	-68.20%	-39.90%	191.74%	83.58%	17.38%
Accounts Receivable	41,713	32,424	37,455	22,611	7,007
Other Receivables	20.88	43.06	141.47	40.31	6.2
Receivables	41,734	32,467	37,597	22,652	7,013
Prepaid Expenses	16.06	23.2	49.71	142.03	4.36
Other Current Assets	0.22	0.22	26.39	0.22	1.95
Total Current Assets	41,848	32,797	38,183	22,969	7,115
Property, Plant & Equipment	10.34	19.31	8.28	4.03	2.56
Long-Term Investments	-	49.72	41.79	26.19	8.16
Other Intangible Assets	1.09	1.05	1	1.86	2.07
Long-Term Deferred Tax Assets	29.56	20.51	0.95	-	51.22
Other Long-Term Assets	0.1	0.78	0.77	0.72	0.69
Total Assets	41,889	32,889	38,236	23,002	7,179
Accrued Expenses	5.72	4.05	3.09	1.08	0.47
Short-Term Debt	32,798	27,679	35,038	21,353	6,151
Current Portion of Long-Term Debt	1,702	463.26	178.21	65.24	55.39
Current Portion of Leases	-	16.59	4.33	-	-
Current Income Taxes Payable	253.67	258.41	231.12	96.48	70.27
Other Current Liabilities	18.36	10.81	22.16	25.01	223.91
Total Current Liabilities	34,777	28,432	35,477	21,541	6,501
Long-Term Debt	-	-	13.03	259.66	52.01
Long-Term Leases	10.28	1.4	2.17	0.89	2.36
Pension & Post-Retirement Benefits	12.53	10.79	7.68	3.61	1.81
Long-Term Deferred Tax Liabilities	-	-	-	0.14	-
Other Long-Term Liabilities	80.1	53.45	62.73	42.16	31.14
Total Liabilities	34,880	28,498	35,563	21,847	6,589
Common Stock	900	850	850	450	350
Additional Paid-In Capital	643.01	-	-	-	-
Retained Earnings	5,466	3,494	1,787	681.8	235.08
Comprehensive Income & Other	0.05	47.38	36.93	22.5	5.6
Shareholders' Equity	7,009	4,391	2,673	1,154	590.67
Total Liabilities & Equity	41,889	32,889	38,236	23,002	7,179
Total Debt	34,510	28,160	35,236	21,679	6,261
Net Cash (Debt)	-34,412	-27,853	-34,725	-21,504	-6,166
Net Cash Per Share	-38.24	-32.77	-	-	-
Filing Date Shares Outstanding	900	850	-	-	-
Total Common Shares Outstanding	900	850	-	-	-
Working Capital	7,071	4,365	2,706	1,428	613.31
Book Value Per Share	7.79	5.17	-	-	-
Tangible Book Value	7,008	4,390	2,672	1,152	588.61
Tangible Book Value Per Share	7.79	5.16	-	-	-
Machinery	6.07	6.18	4.63	4.9	1.87
Leasehold Improvements	0.46	0.46	0.12	0.17	-

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