IST:VESBE Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	236.95	291.46	1,430	1,053	953.66	112.84
Short-Term Investments	31.82	35.28	31.85	12.95	66.07	-
Trading Asset Securities	10.9	-	-	-	-	3.79
Cash & Short-Term Investments	279.67	326.73	1,461	1,066	1,020	116.63
Cash Growth	-54.28%	-77.64%	37.06%	4.56%	774.33%	-50.28%
Accounts Receivable	9,328	15,241	19,166	20,057	14,223	5,154
Other Receivables	13,153	426.43	1,315	1,535	1,283	408.26
Receivables	22,481	25,097	25,469	25,381	19,465	7,007
Inventory	9,309	8,426	12,899	10,446	7,604	2,649
Prepaid Expenses	519.2	633.86	719.89	587.33	52.91	12.43
Other Current Assets	1,171	524.5	567.81	772.95	204.88	334.89
Total Current Assets	33,759	35,008	41,117	38,254	28,347	10,121
Property, Plant & Equipment	51,893	47,382	48,273	32,127	15,586	3,408
Other Intangible Assets	231.28	215.98	234.83	163.25	122.68	22.77
Long-Term Deferred Tax Assets	-	-	-	-	-	132.78
Long-Term Deferred Charges	3,854	3,391	2,927	1,829	922.78	249.18
Other Long-Term Assets	181.55	163.69	1,130	1,136	812.04	256.25
Total Assets	94,114	90,018	93,682	73,509	45,790	14,189
Accounts Payable	21,471	23,945	27,425	24,723	17,512	5,843
Accrued Expenses	843.6	979.01	750.53	684.48	502.19	107.23
Short-Term Debt	13,665	11,745	9,753	3,108	8,976	597.24
Current Portion of Long-Term Debt	4,352	5,415	3,882	6,576	2,350	1,744
Current Portion of Leases	227.24	219.18	11.18	14.59	20.23	26.24
Current Income Taxes Payable	-	-	-	14.68	-	0.94
Current Unearned Revenue	223.87	110.94	105.49	689.8	396.82	-
Other Current Liabilities	149.52	164.76	89.71	590.31	608.53	244.09
Total Current Liabilities	40,933	42,580	42,017	36,400	30,365	8,562
Long-Term Debt	7,101	4,880	1,686	2,111	3.16	274.92
Long-Term Leases	441.07	401.41	186.95	201.8	123.73	124.54
Pension & Post-Retirement Benefits	1,230	1,136	1,212	976.93	854.78	151.88
Long-Term Deferred Tax Liabilities	5,292	4,234	4,106	2,375	581.58	-
Other Long-Term Liabilities	85.99	111.32	174.4	273.58	307.69	183.38
Total Liabilities	55,083	53,343	49,382	42,338	32,236	9,297
Common Stock	1,600	1,600	1,600	1,600	1,600	1,600
Retained Earnings	11,914	12,063	18,457	15,136	6,302	1,741
Comprehensive Income & Other	25,517	23,012	24,243	14,435	5,653	1,552
Shareholders' Equity	39,031	36,675	44,300	31,171	13,554	4,893
Total Liabilities & Equity	94,114	90,018	93,682	73,509	45,790	14,189
Total Debt	25,787	22,661	15,519	12,011	11,473	2,767
Net Cash (Debt)	-25,507	-22,335	-14,057	-10,945	-10,453	-2,650
Net Cash Per Share	-15.94	-13.96	-8.79	-6.84	-6.53	-1.66
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	-7,173	-7,572	-899.88	1,854	-2,018	1,559
Book Value Per Share	24.39	22.92	27.69	19.48	8.47	3.06
Tangible Book Value	38,800	36,459	44,065	31,008	13,432	4,870
Tangible Book Value Per Share	24.25	22.79	27.54	19.38	8.39	3.04
Land	19,949	18,128	19,406	10,232	2,966	755.91
Buildings	15,605	14,176	14,364	8,031	3,673	1,124
Machinery	50,097	45,024	43,447	31,948	19,538	2,770
Construction In Progress	1,077	1,179	501.37	2,523	2,661	71.42
Leasehold Improvements	6.84	6.22	6.22	3.69	2.33	13.78