IST:ALFAS 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	975.13	1,171	1,487	1,353	123.14
Trading Asset Securities	104.04	251.67	580.79	54.95	-
Accounts Receivable	1,187	932.21	245.45	99.39	51.68
Other Receivables	39.12	121.29	211.79	83.09	39.23
Inventory	2,837	2,309	2,631	1,206	176.47
Prepaid Expenses	13.27	8.36	252	1.07	0.09
Other Current Assets	156.08	220.43	0.42	0.45	12.05
Total Current Assets	5,311	5,014	5,408	2,797	402.67
Property, Plant & Equipment	5,254	3,457	1,919	459.75	37.87
Other Intangible Assets	180.06	122.52	-	-	-
Long-Term Investments	1,082	886.8	-	-	-
Long-Term Deferred Tax Assets	-	-	-	163.27	0.07
Long-Term Accounts Receivable	35.94	-	-	-	-
Other Long-Term Assets	32.36	-	0.36	-	-
Total Assets	11,896	9,480	7,327	3,420	440.61
Accounts Payable	1,151	791.95	1,291	729.73	243.32
Accrued Expenses	65.42	76.18	56.56	16.3	1.17
Short-Term Debt	1,766	787.97	230.46	19.74	8.43
Current Portion of Long-Term Debt	263.12	374.64	34.93	6.67	4.79
Current Unearned Revenue	891.62	1,413	1,473	881.04	67.32
Current Portion of Leases	27.4	0.52	-	1.03	1.85
Current Income Taxes Payable	0.65	-	51.9	83.71	0.07
Other Current Liabilities	263.03	252.9	4.42	11.68	0.34
Total Current Liabilities	4,428	3,697	3,142	1,750	327.3
Long-Term Debt	1,099	561.74	150.78	0.38	3.56
Long-Term Leases	415.49	0.65	-	-	0.29
Pension & Post-Retirement Benefits	25.96	24.96	8.78	4.27	0.64
Long-Term Deferred Tax Liabilities	635.89	221.17	77.51	-	-
Other Long-Term Liabilities	-	-	0.04	-	-
Total Liabilities	6,604	4,506	3,380	1,755	331.78
Common Stock	368	368	368	46	40
Additional Paid-In Capital	990.43	990.43	756.67	549.9	-
Retained Earnings	2,855	2,945	2,482	983	68.82
Treasury Stock	-72.28	-72.28	-	-	-
Comprehensive Income & Other	1,145	739.05	338.18	86.78	0.01
Total Common Equity	5,286	4,970	3,945	1,666	108.83
Minority Interest	5.78	4.12	2.86	-	-
Shareholders' Equity	5,292	4,974	3,948	1,666	108.83
Total Liabilities & Equity	11,896	9,480	7,327	3,420	440.61
Total Debt	3,571	1,726	416.18	27.83	18.91
Net Cash (Debt)	-2,492	-303.26	1,651	1,380	104.23
Net Cash Growth	-	-	19.67%	1223.80%	-
Net Cash Per Share	-6.77	-0.82	4.49	3.75	2.74
Filing Date Shares Outstanding	368	368	368	368	38.08
Total Common Shares Outstanding	368	368	368	368	38.08
Working Capital	883.15	1,316	2,266	1,047	75.37
Book Value Per Share	14.36	13.50	10.72	4.53	2.86
Tangible Book Value	5,106	4,847	3,945	1,666	108.83
Tangible Book Value Per Share	13.88	13.17	10.72	4.53	2.86
Land	334.11	71.35	54.41	10.18	2.37
Buildings	1,315	1,093	367.04	180.96	5.9
Machinery	3,886	2,430	874.16	240.76	29.11
Construction In Progress	407.15	269.64	832.07	73.98	9

Source: S&P Capital IQ. Utility template. Financial Sources.