IST:VESTL 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	1,993	2,055	3,560	3,313	2,558	2,089
Short-Term Investments	119.01	120.08	120.73	51.01	-	1.71
Trading Asset Securities	-	-	-	-	-	14.15
Cash & Short-Term Investments	2,112	2,175	3,681	3,364	2,558	2,105
Cash Growth	-20.55%	-40.92%	9.42%	31.51%	21.52%	-36.34%
Accounts Receivable	9,889	14,646	26,454	25,737	18,082	6,674
Other Receivables	2,045	909.66	1,800	3,149	1,709	511.49
Receivables	11,935	21,949	29,616	28,886	22,019	8,034
Inventory	21,223	20,470	35,953	33,945	22,556	9,529
Prepaid Expenses	2,882	1,345	1,668	430.11	1,315	146.62
Other Current Assets	1,319	2,588	2,302	2,828	774.87	1,064
Total Current Assets	39,469	48,526	73,219	69,453	49,223	20,879
Property, Plant & Equipment	81,056	74,562	77,296	51,792	26,049	7,607
Long-Term Investments	3,837	3,733	7,284	8,874	5,123	1,480
Goodwill	-	-	-	-	-	196.57
Other Intangible Assets	10,567	875.19	1,232	848.65	538.17	120.71
Long-Term Accounts Receivable	3.97	0.07	0.74	1.19	0.11	0.47
Long-Term Deferred Tax Assets	-	-	-	-	-	795.19
Long-Term Deferred Charges	-	8,600	7,629	4,802	2,750	789.74
Other Long-Term Assets	64,492	3,505	4,326	44,963	1,364	507.08
Total Assets	199,425	196,443	228,399	180,735	112,101	43,093
Accounts Payable	39,403	46,963	57,094	60,590	35,560	16,027
Accrued Expenses	2,517	6,532	3,264	3,105	1,733	1,229
Short-Term Debt	-	31,744	48,464	34,408	29,113	4,345
Current Portion of Long-Term Debt	47,736	13,265	8,114	4,078	4,179	6,652
Current Portion of Leases	737.23	717.29	424.41	333.46	230.8	74.86
Current Income Taxes Payable	17.34	29.28	22.47	22.62	-	-
Current Unearned Revenue	788.78	545.14	887.14	1,549	2,064	413.99
Other Current Liabilities	16,108	6,038	7,256	8,727	4,579	1,869
Total Current Liabilities	107,308	105,834	125,526	112,814	77,458	30,610
Long-Term Debt	45,177	45,543	23,990	2,696	1,143	893.48
Long-Term Leases	1,293	1,293	1,193	959.78	654.69	151.75
Pension & Post-Retirement Benefits	2,509	2,313	2,866	2,282	2,043	387.22
Long-Term Deferred Tax Liabilities	6,902	5,465	5,266	1,838	16.32	461.6
Other Long-Term Liabilities	1,012	803.32	962	1,151	557.65	276.89
Total Liabilities	164,201	161,250	159,802	121,741	81,873	32,781
Common Stock	335.46	335.46	335.46	335.46	335.46	335.46
Retained Earnings	-28,405	-23,260	6,336	15,786	8,787	3,293
Comprehensive Income & Other	54,445	49,803	51,883	35,919	18,252	5,813
Total Common Equity	26,375	26,878	58,554	52,040	27,375	9,442
Minority Interest	8,848	8,314	10,043	6,953	2,852	869.8
Shareholders' Equity	35,224	35,193	68,597	58,993	30,227	10,312
Total Liabilities & Equity	199,425	196,443	228,399	180,735	112,101	43,093
Total Debt	94,944	92,561	82,185	42,476	35,320	12,117
Net Cash (Debt)	-92,832	-90,386	-78,504	-39,112	-32,762	-10,012
Net Cash Per Share	-	-269.44	-234.02	-116.59	-97.66	-29.85
Filing Date Shares Outstanding	-	335.46	335.46	335.46	335.44	335.45
Total Common Shares Outstanding	-	335.46	335.46	335.46	335.44	335.45
Working Capital	-67,839	-57,308	-52,306	-43,361	-28,235	-9,731
Book Value Per Share	-	80.12	174.55	155.13	81.61	28.15
Tangible Book Value	15,808	26,003	57,323	51,192	26,837	9,125
Tangible Book Value Per Share	-	77.52	170.88	152.60	80.00	27.20
Land	-	30,876	33,749	19,780	5,264	1,725
Buildings	-	23,308	22,886	14,478	8,491	3,667
Machinery	-	76,580	76,545	56,628	36,770	5,166
Construction In Progress	-	1,408	667.59	2,564	3,300	82.13
Leasehold Improvements	-	1,453	1,366	2,000	1,285	191.72

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