Verusa Holding A.S. 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	56.35	18.17	424.24	36.2	32.96	43.45
Trading Asset Securities	5,252	2,831	2,501	2,233	851.69	473.43
Accounts Receivable	266.28	312.13	115.84	48.96	32.13	10.24
Other Receivables	87.29	91.01	10.4	4.25	0.81	0.15
Inventory	109.28	80.02	148.97	134.48	31.87	10.45
Prepaid Expenses	3.22	4.32	2.66	0.25	0.11	0.11
Restricted Cash	0.01	0.01	0.01	0.01	0.01	0.17
Other Current Assets	76.3	53.55	104.47	69.68	29.1	4.97
Total Current Assets	5,850	3,390	3,307	2,527	978.68	542.96
Property, Plant & Equipment	1,934	1,578	1,783	1,100	256.78	141.64
Other Intangible Assets	0.97	0.98	0.54	0.8	0.25	0.12
Long-Term Investments	537.38	426.01	385.34	220.02	58.24	37.41
Long-Term Deferred Tax Assets	282.18	288.55	202.06	0	0	4.23
Other Long-Term Assets	209.96	173.4	192.76	209.27	40.4	25.13
Total Assets	8,814	5,857	5,871	4,057	1,334	751.49
Accounts Payable	108.91	129.69	127.96	45.61	19.48	4.2
Accrued Expenses	17.92	16.99	14.02	7.22	3.49	1.97
Short-Term Debt	893.44	134.73	392.17	292.06	-	0.31
Current Portion of Long-Term Debt	41.98	-	1.63	7.73	6.4	8
Current Unearned Revenue	0.25	2.19	2.69	4.13	8.14	0.6
Current Income Taxes Payable	8.35	68.52	36.86	2.15	4.77	5.08
Other Current Liabilities	4.88	8.48	1.21	132.31	0.9	1.35
Total Current Liabilities	1,076	360.61	576.56	491.21	43.18	21.52
Long-Term Debt	90.4	111.49	60.54	57.7	29.97	104.6
Pension & Post-Retirement Benefits	13.64	10.87	13.69	13.25	3.06	2.1
Long-Term Deferred Tax Liabilities	-	-	-	187.81	36.39	26.35
Other Long-Term Liabilities	0.11	0.19	0.55	-	0.5	0.51
Total Liabilities	1,180	483.15	651.33	749.96	113.1	155.08
Common Stock	70	70	70	70	70	70
Additional Paid-In Capital	9.92	7.91	7.91	5.48	10.94	13.49
Retained Earnings	5,464	3,812	3,481	2,028	773.01	383.19
Treasury Stock	-959.28	-756.01	-616.99	-157.84	-	-
Comprehensive Income & Other	873.69	682.36	681.67	451.03	68.48	20.3
Total Common Equity	5,458	3,816	3,624	2,397	922.43	486.98
Minority Interest	2,177	1,558	1,596	910.12	298.82	109.43
Shareholders' Equity	7,635	5,374	5,220	3,307	1,221	596.42
Total Liabilities & Equity	8,814	5,857	5,871	4,057	1,334	751.49
Total Debt	1,026	246.22	454.34	357.49	36.37	112.91
Net Cash (Debt)	4,282	2,603	2,470	1,912	848.28	403.97
Net Cash Growth	65.65%	5.37%	29.22%	125.38%	109.99%	47.77%
Net Cash Per Share	61.17	37.19	35.29	27.31	12.12	5.77
Filing Date Shares Outstanding	70	70	70	70	70	70
Total Common Shares Outstanding	70	70	70	70	70	70
Working Capital	4,775	3,030	2,731	2,036	935.5	521.44
Book Value Per Share	77.97	54.52	51.76	34.24	13.18	6.96
Tangible Book Value	5,457	3,816	3,623	2,396	922.19	486.86
Tangible Book Value Per Share	77.96	54.51	51.76	34.23	13.17	6.96
Land	52.24	41.65	44.31	32	9.62	6.04
Buildings	131.7	104.26	30.46	17.39	6.62	5.19
Machinery	1,705	1,359	1,326	890.63	218.93	127.57
Construction In Progress	161.24	118.78	362.37	112.78	37.83	19.4

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