HEPS Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	7,012	11,308	8,835	7,941	8,677	6,264
Short-Term Investments	2,030	182.47	232.24	188.69	-	219.49
Trading Asset Securities	-	1,834	2,889	2,299	28.93	1,683
Cash & Short-Term Investments	9,041	13,324	11,957	10,428	8,706	8,167
Cash Growth	1.54%	11.43%	14.66%	19.78%	6.60%	1278.01%
Accounts Receivable	5,321	5,941	5,695	3,472	1,123	384.76
Other Receivables	-	126.18	13.53	492.41	556.16	203.7
Receivables	5,321	6,366	6,695	3,965	1,685	588.47
Inventory	8,874	8,729	7,855	5,725	2,947	2,876
Prepaid Expenses	-	865.22	505.94	513.96	275.12	112.8
Restricted Cash	251.63	223.8	201.6	263.22	177.01	65.7
Other Current Assets	1,038	159.52	81.81	219.86	15.83	12.88
Total Current Assets	24,527	29,667	27,297	21,114	13,805	11,823
Property, Plant & Equipment	3,974	3,291	2,790	1,542	1,280	656.26
Goodwill	-	0.54	0.54	0.41	0.29	-
Other Intangible Assets	4,499	3,872	4,004	2,676	1,393	405.39
Long-Term Deferred Tax Assets	56.44	47.93	-	-	-	-
Other Long-Term Assets	31.29	40.56	16.24	48.69	103.84	502.26
Total Assets	33,099	36,947	34,222	25,383	16,588	13,387

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	24,703	15,106	11,360	9,285	5,797	4,907
Accrued Expenses	742.36	1,340	985.43	604.27	533	221
Short-Term Debt	-	-	-	-	-	317.34
Current Portion of Long-Term Debt	469.24	596.55	2,203	264.89	21.5	-
Current Portion of Leases	1,037	1,051	535.46	223.17	259.38	179.56
Current Income Taxes Payable	-	831.78	1,167	236.32	194.58	97.66
Current Unearned Revenue	2,447	13,671	11,212	8,488	4,971	2,142
Other Current Liabilities	2,569	793.61	792.66	600.15	986.09	352.95
Total Current Liabilities	31,968	33,390	28,254	19,702	12,763	8,218
Long-Term Debt	-	-	-	4.05	18	-
Long-Term Leases	861.55	778.34	764	175.88	172.93	167.46
Long-Term Unearned Revenue	-	342.2	390.81	302.04	-	0.42
Pension & Post-Retirement Benefits	239.65	262.94	201.29	150.56	27.12	8.7
Other Long-Term Liabilities	611.92	161.24	263.59	279.57	241.55	180.41
Total Liabilities	33,681	34,935	29,874	20,614	13,223	8,575

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	1,118	949.54	942.37	719.96	498.66	302.64
Additional Paid-In Capital	23,214	19,713	27,371	20,911	14,483	8,790
Retained Earnings	-24,537	-18,330	-25,085	-17,538	-12,148	-4,451
Treasury Stock	-377.97	-320.97	-320.97	-245.22	-	-
Comprehensive Income & Other	-	-	1,441	920.76	531.34	170.36
Shareholders' Equity	-582.28	2,012	4,348	4,769	3,366	4,812
Total Liabilities & Equity	33,099	36,947	34,222	25,383	16,588	13,387

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	2,367	2,426	3,502	668	471.81	664.36
Net Cash (Debt)	6,674	10,898	8,455	9,760	8,234	7,502
Net Cash Growth	3.16%	28.89%	-13.37%	18.53%	9.75%	7316.97%
Net Cash Per Share	17.90	29.27	25.75	30.05	25.26	24.62
Filing Date Shares Outstanding	370.51	357.23	321.38	321.38	326	326
Total Common Shares Outstanding	370.51	357.23	321.38	321.38	326	326
Working Capital	-7,441	-3,723	-957.26	1,412	1,042	3,605
Book Value Per Share	-1.57	5.63	13.53	14.84	10.32	14.76
Tangible Book Value	-5,081	-1,861	343.51	2,092	1,972	4,407
Tangible Book Value Per Share	-13.71	-5.21	1.07	6.51	6.05	13.52
Machinery	-	2,658	2,351	1,467	901.12	363.93
Leasehold Improvements	-	565.16	494.57	331.51	218.41	119.06

SEC Filings: 10-K · 10-Q