IST:VAKKO 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	195.48	1,467	1,167	1,298	165.97	55.77
Short-Term Investments	204.6	204.3	224.08	100.23	-	-
Cash & Short-Term Investments	400.08	1,671	1,391	1,399	165.97	55.77
Cash Growth	-39.66%	20.09%	-0.52%	742.73%	197.62%	127.72%
Accounts Receivable	399.14	383.78	483.83	246.03	109.62	83.08
Other Receivables	13.42	0.05	2.96	2.64	2.75	0.38
Receivables	412.56	383.83	486.79	248.66	112.37	83.45
Inventory	7,282	5,697	5,607	2,890	591.92	534.74
Prepaid Expenses	74.73	30.58	34.78	15.2	2.82	2.88
Other Current Assets	469.28	289.62	333.29	174.4	59.25	43.82
Total Current Assets	8,639	8,072	7,853	4,727	932.33	720.66
Property, Plant & Equipment	5,609	4,560	4,759	2,706	548.49	553.61
Long-Term Investments	4.33	4.33	1.64	0.58	-	-
Other Intangible Assets	129.8	112.31	104	64.94	18.85	7.22
Long-Term Deferred Tax Assets	-	-	-	-	8.7	-
Other Long-Term Assets	0.76	1.79	4.47	0.26	0.16	0.13
Total Assets	14,383	12,750	12,722	7,499	1,509	1,282
Accounts Payable	1,944	1,603	1,873	1,212	362.94	201.5
Accrued Expenses	165.62	248.7	193.89	104.88	19.56	12.47
Short-Term Debt	405.53	376.29	303.14	444.15	27.09	153.29
Current Portion of Long-Term Debt	50.62	54.95	224.06	114.22	93.02	73.35
Current Portion of Leases	540.87	443.92	365.72	205.84	89.54	30.17
Current Income Taxes Payable	75.25	217.79	253.94	174.42	40.59	0.66
Current Unearned Revenue	311.37	328.56	400.92	255.15	83.51	38.46
Other Current Liabilities	34.54	20.65	19.34	16.47	8.69	3.69
Total Current Liabilities	3,528	3,293	3,634	2,527	724.94	513.59
Long-Term Debt	16.67	54.17	5.28	42.64	73.09	94.84
Long-Term Leases	921	711.19	912.12	382.94	136.1	208.53
Long-Term Unearned Revenue	119.38	104.67	215.43	307.78	22.37	46.04
Pension & Post-Retirement Benefits	196.54	149.11	125.14	150.5	28.89	22.36
Long-Term Deferred Tax Liabilities	411.49	517.95	284.95	123.21	-	6.08
Total Liabilities	5,193	4,831	5,177	3,534	985.4	891.44
Common Stock	160	160	160	160	160	160
Retained Earnings	4,284	3,970	3,611	1,169	250.04	110.79
Comprehensive Income & Other	4,746	3,789	3,774	2,635	113.08	119.38
Total Common Equity	9,190	7,919	7,545	3,965	523.12	390.16
Minority Interest	0.06	0.05	0.04	0.03	0.01	0.01
Shareholders' Equity	9,190	7,920	7,545	3,965	523.13	390.18
Total Liabilities & Equity	14,383	12,750	12,722	7,499	1,509	1,282
Total Debt	1,935	1,641	1,810	1,190	418.84	560.18
Net Cash (Debt)	-1,535	30.38	-418.93	208.88	-252.87	-504.41
Net Cash Per Share	-9.59	0.19	-2.62	1.31	-1.58	-3.15
Filing Date Shares Outstanding	160	160	160	160	160	160
Total Common Shares Outstanding	160	160	160	160	160	160
Working Capital	5,111	4,779	4,219	2,200	207.39	207.07
Book Value Per Share	57.44	49.50	47.16	24.78	3.27	2.44
Tangible Book Value	9,060	7,807	7,441	3,900	504.27	382.95
Tangible Book Value Per Share	56.63	48.79	46.51	24.37	3.15	2.39
Land	1,115	886.63	926.21	641.51	109	109
Buildings	1,303	1,023	843.36	581.28	95.76	95.05
Machinery	2,428	1,913	1,867	1,207	169.93	151.36
Construction In Progress	131.07	28.52	51.56	11.52	1.01	7.97
Leasehold Improvements	3,200	2,453	2,342	1,314	214.71	174.33

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