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	-	-	-	-	-	3.79
Cash & Short-Term Investments	268.77	326.73	1,461	1,066	1,020	116.63
Cash Growth	-56.07%	-77.64%	37.06%	4.56%	774.33%	-50.28%
Accounts Receivable	9,328	15,212	19,045	20,057	14,223	5,154
Other Receivables	13,181	455.06	1,437	1,535	1,283	408.26
Receivables	22,509	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	1,627	633.86	719.89	587.33	52.91	12.43
Other Current Assets	46.69	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	4,086	215.98	234.83	163.25	122.68	22.77
Long-Term Deferred Tax Assets	-	-	-	-	-	132.78
Long-Term Deferred Charges	-	3,391	2,927	1,829	922.78	249.18
Other Long-Term Assets	4,376	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	688.97	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	3,462	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	1,195	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	6,811	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	376.43	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	24,606	22,661	15,519	12,011	11,473	2,767
Net Cash (Debt)	-24,337	-22,335	-14,057	-10,945	-10,453	-2,650
Net Cash Per Share	-	-13.96	-8.79	-6.84	-6.53	-1.66
Filing Date Shares Outstanding	-	1,600	1,600	1,600	1,600	1,600
Total Common Shares Outstanding	-	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	-	22.92	27.69	19.48	8.47	3.06
Tangible Book Value	34,945	36,459	44,065	31,008	13,432	4,870
Tangible Book Value Per Share	-	22.79	27.54	19.38	8.39	3.04
Land	-	18,128	19,406	10,232	2,966	755.91
Buildings	-	14,176	14,364	8,031	3,673	1,124
Machinery	-	45,024	43,447	31,948	19,538	2,770
Construction In Progress	-	1,179	501.37	2,523	2,661	71.42
Leasehold Improvements	-	6.22	6.22	3.69	2.33	13.78

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