IST:VESBE 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	263.5	1,092	1,053	953.66	112.84	216.01
Short-Term Investments	29.65	24.33	12.95	66.07	-	-
Trading Asset Securities	-	-	-	-	3.79	18.54
Cash & Short-Term Investments	293.16	1,116	1,066	1,020	116.63	234.55
Cash Growth	32.05%	4.71%	4.56%	774.33%	-50.28%	92.37%
Accounts Receivable	19,156	14,550	20,057	14,223	5,154	3,286
Other Receivables	10,202	1,098	1,535	1,283	408.26	221.35
Receivables	30,211	19,458	25,381	19,465	7,007	4,363
Inventory	10,775	9,855	10,446	7,604	2,649	952.55
Prepaid Expenses	606.6	549.99	587.33	52.91	12.43	19.51
Other Current Assets	488.06	433.79	772.95	204.88	334.89	46.88
Total Current Assets	42,373	31,413	38,254	28,347	10,121	5,617
Property, Plant & Equipment	46,299	36,880	32,127	15,586	3,408	2,339
Other Intangible Assets	207.11	179.41	163.25	122.68	22.77	14.02
Long-Term Deferred Tax Assets	-	-	-	-	132.78	-
Long-Term Deferred Charges	3,159	2,236	1,829	922.78	249.18	202.42
Other Long-Term Assets	378.51	863.23	1,136	812.04	256.25	57.56
Total Assets	92,418	71,572	73,509	45,790	14,189	8,230
Accounts Payable	26,547	20,952	24,723	17,512	5,843	2,875
Accrued Expenses	453.25	573.39	684.48	502.19	107.23	82.22
Short-Term Debt	13,955	7,451	3,108	8,976	597.24	960.54
Current Portion of Long-Term Debt	3,285	2,966	6,576	2,350	1,744	440.58
Current Portion of Leases	212.58	8.54	14.59	20.23	26.24	38.43
Current Income Taxes Payable	-	-	14.68	-	0.94	2.43
Current Unearned Revenue	2,339	80.6	689.8	396.82	-	-
Other Current Liabilities	545.26	68.53	590.31	608.53	244.09	59.53
Total Current Liabilities	47,338	32,100	36,400	30,365	8,562	4,459
Long-Term Debt	1,289	1,288	2,111	3.16	274.92	88.57
Long-Term Leases	134.61	142.83	201.8	123.73	124.54	119.17
Pension & Post-Retirement Benefits	1,054	925.98	976.93	854.78	151.88	85.73
Long-Term Deferred Tax Liabilities	3,873	3,137	2,375	581.58	-	54.3
Other Long-Term Liabilities	420.26	133.23	273.58	307.69	183.38	61.79
Total Liabilities	54,107	37,727	42,338	32,236	9,297	4,868
Common Stock	1,600	1,600	1,600	1,600	1,600	190
Additional Paid-In Capital	-	-	-	-	-	109.03
Retained Earnings	14,289	14,101	15,136	6,302	1,741	2,311
Comprehensive Income & Other	22,421	18,144	14,435	5,653	1,552	751.96
Shareholders' Equity	38,310	33,845	31,171	13,554	4,893	3,362
Total Liabilities & Equity	92,418	71,572	73,509	45,790	14,189	8,230
Total Debt	18,876	11,856	12,011	11,473	2,767	1,647
Net Cash (Debt)	-18,583	-10,740	-10,945	-10,453	-2,650	-1,413
Net Cash Per Share	-11.61	-6.71	-6.84	-6.53	-1.66	-0.88
Filing Date Shares Outstanding	1,600	1,600	1,600	1,600	1,600	1,600
Total Common Shares Outstanding	1,600	1,600	1,600	1,600	1,600	1,600
Working Capital	-4,964	-687.5	1,854	-2,018	1,559	1,158
Book Value Per Share	23.94	21.15	19.48	8.47	3.06	2.10
Tangible Book Value	38,103	33,665	31,008	13,432	4,870	3,348
Tangible Book Value Per Share	23.81	21.04	19.38	8.39	3.04	2.09
Land	18,596	14,826	10,232	2,966	755.91	503.9
Buildings	13,821	10,974	8,031	3,673	1,124	643.22
Machinery	43,379	33,193	31,948	19,538	2,770	2,209
Construction In Progress	849.54	383.04	2,523	2,661	71.42	32.15
Leasehold Improvements	-	4.75	3.69	2.33	13.78	12.01

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.