HEPS Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	11,308	6,750	7,941	8,677	6,264
Short-Term Investments	2,016	177.43	188.69	-	219.49
Trading Asset Securities	-	2,207	2,299	28.93	1,683
Cash & Short-Term Investments	13,324	9,135	10,428	8,706	8,167
Cash Growth	45.86%	-12.40%	19.78%	6.60%	1278.01%
Accounts Receivable	6,239	4,351	3,472	1,123	384.76
Other Receivables	-	10.34	492.41	556.16	203.7
Receivables	6,239	5,115	3,965	1,685	588.47
Inventory	8,729	6,001	5,725	2,947	2,876
Prepaid Expenses	-	67.98	62.41	275.12	112.8
Restricted Cash	205.05	154.02	263.22	177.01	65.7
Other Current Assets	1,170	381.05	671.41	15.83	12.88
Total Current Assets	29,667	20,855	21,114	13,805	11,823
Property, Plant & Equipment	3,291	2,131	1,542	1,280	656.26
Goodwill	-	0.41	0.41	0.29	-
Other Intangible Assets	3,873	3,059	2,676	1,393	405.39
Long-Term Accounts Receivable	26.75	87.6	1.15	-	-
Long-Term Deferred Tax Assets	47.93	-	-	-	-
Other Long-Term Assets	40.56	12.41	48.69	103.84	502.26
Total Assets	36,947	26,145	25,383	16,588	13,387
Accounts Payable	25,879	8,666	9,279	5,797	4,907
Accrued Expenses	1,017	1,645	840.59	533	221
Short-Term Debt	-	-	-	-	317.34
Current Portion of Long-Term Debt	596.55	1,683	264.89	21.5	-
Current Portion of Leases	1,051	409.08	223.17	259.38	179.56
Current Income Taxes Payable	-	-	-	194.58	97.66
Current Unearned Revenue	2,786	8,566	8,488	4,971	2,142
Other Current Liabilities	2,061	618.53	606.85	986.09	352.95
Total Current Liabilities	33,390	21,586	19,702	12,763	8,218
Long-Term Debt	-	-	4.05	18	-
Long-Term Leases	778.34	583.69	175.88	172.93	167.46
Long-Term Unearned Revenue	-	298.57	302.04	-	0.42
Pension & Post-Retirement Benefits	262.94	153.78	150.56	27.12	8.7
Other Long-Term Liabilities	503.43	201.38	279.57	241.55	180.41
Total Liabilities	34,935	22,823	20,614	13,223	8,575
Common Stock	949.54	719.96	719.96	498.66	302.64
Additional Paid-In Capital	31,536	20,911	20,911	14,483	8,790
Retained Earnings	-30,153	-19,165	-17,538	-12,148	-4,451
Treasury Stock	-320.97	-245.22	-245.22	-	-
Comprehensive Income & Other	-	1,101	920.76	531.34	170.36
Shareholders' Equity	2,012	3,321	4,769	3,366	4,812
Total Liabilities & Equity	36,947	26,145	25,383	16,588	13,387
Total Debt	2,426	2,675	668	471.81	664.36
Net Cash (Debt)	10,898	6,459	9,760	8,234	7,502
Net Cash Growth	68.71%	-33.82%	18.53%	9.75%	7316.97%
Net Cash Per Share	34.42	19.67	30.05	25.26	24.62
Filing Date Shares Outstanding	289.48	321.38	321.38	326	326
Total Common Shares Outstanding	289.48	321.38	321.38	326	326
Working Capital	-3,723	-731.33	1,412	1,042	3,605
Book Value Per Share	6.95	10.33	14.84	10.32	14.76
Tangible Book Value	-1,861	262.43	2,092	1,972	4,407
Tangible Book Value Per Share	-6.43	0.82	6.51	6.05	13.52
Machinery	-	1,796	1,467	901.12	363.93
Leasehold Improvements	-	377.84	331.51	218.41	119.06

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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