HEPS 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	7,410	6,750	7,941	8,677	6,264	592.64
Short-Term Investments	1,905	177.43	188.69	-	219.49	-
Trading Asset Securities	-	2,207	2,299	28.93	1,683	-
Cash & Short-Term Investments	9,315	9,135	10,428	8,706	8,167	592.64
Cash Growth	14.58%	-12.40%	19.78%	6.60%	1278.01%	109.93%
Accounts Receivable	5,533	4,351	3,472	1,123	384.76	214.75
Other Receivables	-	10.34	492.41	556.16	203.7	82.39
Receivables	5,533	5,115	3,965	1,685	588.47	298.65
Inventory	9,592	6,001	5,725	2,947	2,876	770.14
Prepaid Expenses	-	67.98	62.41	275.12	112.8	16.98
Restricted Cash	161.08	154.02	263.22	177.01	65.7	-
Other Current Assets	1,191	381.05	671.41	15.83	12.88	11.42
Total Current Assets	25,792	20,855	21,114	13,805	11,823	1,690
Property, Plant & Equipment	2,977	2,131	1,542	1,280	656.26	182.29
Goodwill	-	0.41	0.41	0.29	-	-
Other Intangible Assets	3,937	3,059	2,676	1,393	405.39	89.39
Long-Term Accounts Receivable	39.86	87.6	1.15	-	-	-
Other Long-Term Assets	43.35	12.41	48.69	103.84	502.26	3.45
Total Assets	32,789	26,145	25,383	16,588	13,387	1,965
Accounts Payable	23,135	8,666	9,279	5,797	4,907	1,423
Accrued Expenses	830.23	1,645	840.59	533	221	47.54
Short-Term Debt	-	-	-	-	317.34	347.44
Current Portion of Long-Term Debt	1,003	1,683	264.89	21.5	-	-
Current Portion of Leases	1,009	409.08	223.17	259.38	179.56	51.21
Current Income Taxes Payable	-	-	-	194.58	97.66	15.34
Current Unearned Revenue	2,357	8,566	8,488	4,971	2,142	766.02
Other Current Liabilities	2,141	618.53	606.85	986.09	352.95	5.76
Total Current Liabilities	30,477	21,586	19,702	12,763	8,218	2,656
Long-Term Debt	-	-	4.05	18	-	-
Long-Term Leases	765.4	583.69	175.88	172.93	167.46	92.85
Long-Term Unearned Revenue	-	298.57	302.04	-	0.42	-
Pension & Post-Retirement Benefits	196.33	153.78	150.56	27.12	8.7	3.3
Other Long-Term Liabilities	488.29	201.38	279.57	241.55	180.41	-
Total Liabilities	31,927	22,823	20,614	13,223	8,575	2,752
Common Stock	903.04	719.96	719.96	498.66	302.64	56.87
Additional Paid-In Capital	26,228	20,911	20,911	14,483	8,790	187.47
Retained Earnings	-25,962	-19,165	-17,538	-12,148	-4,451	-1,032
Treasury Stock	-307.58	-245.22	-245.22	-	-	-
Comprehensive Income & Other	-	1,101	920.76	531.34	170.36	-
Shareholders' Equity	862.22	3,321	4,769	3,366	4,812	-787.33
Total Liabilities & Equity	32,789	26,145	25,383	16,588	13,387	1,965
Total Debt	2,778	2,675	668	471.81	664.36	491.49
Net Cash (Debt)	6,537	6,459	9,760	8,234	7,502	101.15
Net Cash Growth	1.65%	-33.82%	18.53%	9.75%	7316.97%	-43.50%
Net Cash Per Share	19.92	19.67	30.05	25.26	24.62	0.36
Filing Date Shares Outstanding	323.13	321.38	321.38	326	326	284.33
Total Common Shares Outstanding	323.13	321.38	321.38	326	326	284.33
Working Capital	-4,685	-731.33	1,412	1,042	3,605	-966.31
Book Value Per Share	2.67	10.33	14.84	10.32	14.76	-2.77
Tangible Book Value	-3,075	262.43	2,092	1,972	4,407	-876.72
Tangible Book Value Per Share	-9.52	0.82	6.51	6.05	13.52	-3.08
Machinery	-	1,796	1,467	901.12	363.93	80.91
Leasehold Improvements	-	377.84	331.51	218.41	119.06	26.99

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

SEC Filings: 10-K · 10-Q