IST:VESTL 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	2,107	2,720	3,313	2,558	2,089	3,202
Short-Term Investments	-	92.24	51.01	-	1.71	-
Trading Asset Securities	-	-	-	-	14.15	105.35
Cash & Short-Term Investments	2,107	2,812	3,364	2,558	2,105	3,307
Cash Growth	-56.14%	-16.40%	31.51%	21.52%	-36.34%	35.72%
Accounts Receivable	17,400	20,210	25,737	18,082	6,674	5,413
Other Receivables	2,463	2,448	3,149	1,709	511.49	273.47
Receivables	19,863	22,659	28,886	22,019	8,034	5,965
Inventory	27,110	27,467	33,945	22,556	9,529	4,061
Prepaid Expenses	1,665	1,275	430.11	1,315	146.62	119.24
Other Current Assets	2,684	1,726	2,828	774.87	1,064	325.38
Total Current Assets	53,430	55,939	69,453	49,223	20,879	13,778
Property, Plant & Equipment	74,134	59,053	51,792	26,049	7,607	5,016
Long-Term Investments	3,641	5,565	8,874	5,123	1,480	1,003
Goodwill	-	-	-	-	196.57	196.57
Other Intangible Assets	930.88	940.88	848.65	538.17	120.71	100.99
Long-Term Accounts Receivable	2.27	0.56	1.19	0.11	0.47	2.31
Long-Term Deferred Tax Assets	-	-	-	-	795.19	321.15
Long-Term Deferred Charges	8,076	5,829	4,802	2,750	789.74	609.95
Other Long-Term Assets	61,521	47,168	44,963	1,364	507.08	90.35
Total Assets	201,735	174,494	180,735	112,101	43,093	27,078
Accounts Payable	49,103	43,619	60,590	35,560	16,027	8,060
Accrued Expenses	1,250	2,493	3,105	1,733	1,229	801.46
Short-Term Debt	43,785	37,026	34,408	29,113	4,345	2,957
Current Portion of Long-Term Debt	10,027	5,202	4,078	4,179	6,652	3,987
Current Portion of Leases	691.76	324.24	333.46	230.8	74.86	107.23
Current Income Taxes Payable	90.04	17.17	22.62	-	-	10.55
Current Unearned Revenue	678.93	677.76	1,549	2,064	413.99	-
Other Current Liabilities	12,987	6,540	8,727	4,579	1,869	1,202
Total Current Liabilities	118,613	95,900	112,814	77,458	30,610	17,124
Long-Term Debt	27,781	18,123	2,696	1,143	893.48	1,708
Long-Term Leases	1,396	911.3	959.78	654.69	151.75	125.52
Pension & Post-Retirement Benefits	2,310	2,190	2,282	2,043	387.22	226.31
Long-Term Deferred Tax Liabilities	4,561	4,023	1,838	16.32	461.6	333.36
Other Long-Term Liabilities	1,014	939.94	1,151	557.65	276.89	135.25
Total Liabilities	155,674	122,087	121,741	81,873	32,781	19,653
Common Stock	335.46	335.46	335.46	335.46	335.46	335.46
Additional Paid-In Capital	-	-	-	-	-	98.02
Retained Earnings	-12,114	4,841	15,786	8,787	3,293	2,920
Comprehensive Income & Other	49,154	39,559	35,919	18,252	5,813	3,719
Total Common Equity	37,376	44,735	52,040	27,375	9,442	7,072
Minority Interest	8,685	7,673	6,953	2,852	869.8	353.79
Shareholders' Equity	46,061	52,407	58,993	30,227	10,312	7,426
Total Liabilities & Equity	201,735	174,494	180,735	112,101	43,093	27,078
Total Debt	83,681	61,586	42,476	35,320	12,117	8,884
Net Cash (Debt)	-81,573	-58,774	-39,112	-32,762	-10,012	-5,577
Net Cash Per Share	-243.17	-175.21	-116.59	-97.66	-29.85	-16.63
Filing Date Shares Outstanding	335.46	335.46	335.46	335.44	335.45	335.44
Total Common Shares Outstanding	335.46	335.46	335.46	335.44	335.45	335.44
Working Capital	-65,183	-39,961	-43,361	-28,235	-9,731	-3,347
Book Value Per Share	111.42	133.35	155.13	81.61	28.15	21.08
Tangible Book Value	36,445	43,794	51,192	26,837	9,125	6,774
Tangible Book Value Per Share	108.64	130.55	152.60	80.00	27.20	20.19
Land	32,329	25,784	19,780	5,264	1,725	1,146
Buildings	22,099	17,485	14,478	8,491	3,667	2,116
Machinery	73,680	58,479	56,628	36,770	5,166	4,132
Construction In Progress	1,140	510.03	2,564	3,300	82.13	38.06
Leasehold Improvements	1,390	1,043	2,000	1,285	191.72	168.27

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