Verusa Holding 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	37.86	23.78	424.24	36.2	32.96
Trading Asset Securities	4,792	3,706	2,501	2,233	851.69
Accounts Receivable	176.65	408.55	115.84	48.96	32.13
Other Receivables	73.43	119.13	10.4	4.25	0.81
Inventory	113.78	104.74	148.97	134.48	31.87
Prepaid Expenses	3.72	5.66	2.66	0.25	0.11
Restricted Cash	0.01	0.01	0.01	0.01	0.01
Other Current Assets	146.47	70.1	104.47	69.68	29.1
Total Current Assets	5,344	4,438	3,307	2,527	978.68
Property, Plant & Equipment	1,772	2,066	1,783	1,100	256.78
Other Intangible Assets	1.9	1.28	0.54	0.8	0.25
Long-Term Investments	465.91	557.62	385.34	220.02	58.24
Long-Term Deferred Tax Assets	206.88	377.69	202.06	0	0
Other Long-Term Assets	286.75	226.97	192.76	209.27	40.4
Total Assets	8,077	7,667	5,871	4,057	1,334
Accounts Payable	100.02	169.75	127.96	45.61	19.48
Accrued Expenses	165	22.24	14.02	7.22	3.49
Short-Term Debt	903.34	176.36	392.17	292.06	-
Current Portion of Long-Term Debt	-	-	1.63	7.73	6.4
Current Unearned Revenue	27.05	2.87	2.69	4.13	8.14
Current Income Taxes Payable	119.92	89.69	36.86	2.15	4.77
Other Current Liabilities	0.37	11.1	1.21	132.31	0.9
Total Current Liabilities	1,316	472.01	576.56	491.21	43.18
Long-Term Debt	73.95	145.93	60.54	57.7	29.97
Pension & Post-Retirement Benefits	-	-	13.69	13.25	3.06
Long-Term Deferred Tax Liabilities	-	-	-	187.81	36.39
Other Long-Term Liabilities	13.76	14.47	0.55	-	0.5
Total Liabilities	1,403	632.41	651.33	749.96	113.1
Common Stock	70	70	70	70	70
Additional Paid-In Capital	10.35	10.35	7.91	5.48	10.94
Retained Earnings	4,682	4,990	3,481	2,028	773.01
Treasury Stock	-1,001	-989.57	-616.99	-157.84	-
Comprehensive Income & Other	920.09	914.79	681.67	451.03	68.48
Total Common Equity	4,682	4,995	3,624	2,397	922.43
Minority Interest	1,992	2,039	1,596	910.12	298.82
Shareholders' Equity	6,674	7,034	5,220	3,307	1,221
Total Liabilities & Equity	8,077	7,667	5,871	4,057	1,334
Total Debt	977.29	322.29	454.34	357.49	36.37
Net Cash (Debt)	3,853	3,407	2,470	1,912	848.28
Net Cash Growth	13.08%	37.92%	29.22%	125.38%	109.99%
Net Cash Per Share	55.04	48.67	35.29	27.31	12.12
Filing Date Shares Outstanding	70	70	70	70	70
Total Common Shares Outstanding	70	70	70	70	70
Working Capital	4,028	3,966	2,731	2,036	935.5
Book Value Per Share	66.88	71.36	51.76	34.24	13.18
Tangible Book Value	4,680	4,994	3,623	2,396	922.19
Tangible Book Value Per Share	66.85	71.35	51.76	34.23	13.17
Land	60.53	54.51	44.31	32	9.62
Buildings	147.67	136.47	30.46	17.39	6.62
Machinery	1,577	1,779	1,326	890.63	218.93
Construction In Progress	173.78	155.48	362.37	112.78	37.83

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