IST:ZOREN 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	1,924	5,012	2,018	2,792	3,799	1,171
Short-Term Investments	1,693	-	-	-	-	-
Accounts Receivable	13,189	12,736	12,129	11,146	13,520	3,541
Other Receivables	2,272	1,421	1,187	397.5	585.44	146.4
Inventory	636.72	635.81	612.27	767.18	1,174	239.03
Prepaid Expenses	195.9	120.71	204.05	120.46	87.01	19.94
Loans Receivable Current	-	1,254	1,329	1,625	2,040	907.08
Other Current Assets	864.27	1,634	72.52	11,778	1,385	447.13
Total Current Assets	20,775	22,813	17,553	28,626	22,591	6,471
Property, Plant & Equipment	54,558	51,030	73,132	59,240	57,591	18,950
Goodwill	-	-	-	-	-	402.24
Other Intangible Assets	14,071	12,976	13,727	11,061	8,819	1,048
Long-Term Investments	3,397	2,782	7,529	6,948	3,418	1,181
Long-Term Loans Receivable	-	18,651	16,222	15,974	10,964	2,583
Long-Term Deferred Tax Assets	8,441	9,161	13,844	6,856	1,701	671.75
Long-Term Deferred Charges	-	-	-	-	-	51.32
Long-Term Accounts Receivable	13,880	13,168	13,415	11,639	11,315	3,403
Other Long-Term Assets	19,916	90.04	58.67	1,885	1,346	664.94
Total Assets	135,039	130,670	155,480	142,229	117,745	35,426
Accounts Payable	5,779	6,797	6,645	5,602	9,488	2,190
Accrued Expenses	476.6	800.81	857.87	760.8	406.74	194.97
Short-Term Debt	1,384	1,757	1,936	2,393	4,484	1,271
Current Portion of Long-Term Debt	10,122	9,555	12,614	21,832	14,637	4,394
Current Unearned Revenue	705.31	1,288	1,241	2,717	2,112	144.22
Current Portion of Leases	19.12	54.5	104.39	180.45	183.77	50.89
Current Income Taxes Payable	173.18	295.82	19.86	153.3	221.26	5.76
Other Current Liabilities	3,691	3,045	2,940	11,926	6,008	1,252
Total Current Liabilities	22,350	23,592	26,359	45,565	37,540	9,502
Long-Term Debt	47,251	45,075	44,855	36,519	37,000	18,181
Long-Term Leases	19.11	236.94	347.09	428.34	328.29	155.84
Long-Term Unearned Revenue	-	-	972.02	-	-	-
Pension & Post-Retirement Benefits	675.53	632.01	581.35	413.53	288.7	68.3
Long-Term Deferred Tax Liabilities	3,640	3,562	5,580	3,742	8,053	1,331
Other Long-Term Liabilities	22.73	21.5	20.72	16.12	13.24	6.37
Total Liabilities	73,959	73,119	78,715	86,684	83,224	29,245
Common Stock	5,000	5,000	5,000	5,000	2,500	2,500
Additional Paid-In Capital	67.67	61.5	61.5	46.98	9.96	1.45
Retained Earnings	54,195	52,035	65,472	51,698	24,291	-1,094
Comprehensive Income & Other	1,817	454.62	6,231	-1,301	7,793	4,903
Total Common Equity	61,079	57,551	76,764	55,444	34,595	6,310
Minority Interest	0.71	-0.2	0.6	101.58	-74.29	-128.57
Shareholders' Equity	61,080	57,551	76,765	55,546	34,521	6,182
Total Liabilities & Equity	135,039	130,670	155,480	142,229	117,745	35,426
Total Debt	58,796	56,678	59,856	61,353	56,633	24,052
Net Cash (Debt)	-55,179	-51,666	-57,837	-58,561	-52,834	-22,881
Net Cash Per Share	-	-10.33	-11.57	-11.71	-18.98	-10.59
Filing Date Shares Outstanding	-	5,000	5,000	5,000	2,500	2,500
Total Common Shares Outstanding	-	5,000	5,000	5,000	2,500	2,500
Working Capital	-1,575	-779.64	-8,806	-16,938	-14,950	-3,030
Book Value Per Share	-	11.51	15.35	11.09	13.84	2.52
Tangible Book Value	47,008	44,575	63,037	44,383	25,775	4,861
Tangible Book Value Per Share	-	8.91	12.61	8.88	10.31	1.94
Land	-	1,710	1,815	1,335	1,058	350.91
Buildings	-	1,082	1,148	924.59	609.76	154.68
Machinery	-	43,282	63,514	52,242	51,635	19,993
Construction In Progress	-	3,660	4,083	2,678	2,351	871.45