IST:ALVES 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	203.6	105.3	44.21	26.41	3.92	1.85
Cash & Short-Term Investments	203.6	105.3	44.21	26.41	3.92	1.85
Cash Growth	188.28%	138.18%	67.38%	573.43%	112.03%	-
Accounts Receivable	1,879	1,266	814.23	412.04	130.6	61.78
Other Receivables	15.24	13.27	6.56	18.98	2.72	0.81
Receivables	1,894	1,279	820.79	431.02	133.32	62.6
Inventory	1,723	679.55	531.18	447.26	134.93	26.18
Prepaid Expenses	-	24.72	3.12	2.5	0.07	0.31
Other Current Assets	906.17	253.28	189.35	35.97	21.8	4.75
Total Current Assets	4,727	2,342	1,589	943.16	294.03	95.68
Property, Plant & Equipment	2,208	1,534	943.19	438.74	40.23	39.29
Other Intangible Assets	18.13	22.28	28.06	1.07	0.38	0.44
Long-Term Deferred Tax Assets	13.51	-	-	-	3.34	0.9
Long-Term Deferred Charges	56.58	37.1	1.08	-	-	-
Other Long-Term Assets	0.03	0.06	8.26	2.98	4.2	2.57
Total Assets	7,023	3,935	2,569	1,386	342.17	138.87
Accounts Payable	852.22	550.3	294.63	287.89	99.39	19.67
Accrued Expenses	28.63	4.14	29.96	20.83	0.84	0.52
Short-Term Debt	1,880	941.6	363.25	359.39	110.72	55.79
Current Portion of Long-Term Debt	605.95	90.16	703.96	31.59	16.37	15.52
Current Portion of Leases	17.85	24.47	19.06	4.2	0.73	0.73
Current Income Taxes Payable	-	8.68	1.75	1.6	1.05	0.37
Current Unearned Revenue	166.18	205.81	15.24	172.21	25.48	1.23
Other Current Liabilities	378.13	15.5	1.14	0.95	82.44	0.47
Total Current Liabilities	3,929	1,841	1,429	878.64	337.01	94.29
Long-Term Debt	446.89	53.71	49.34	42.2	12.07	20.28
Long-Term Leases	69.09	9.82	12.2	5.3	2.25	2.98
Pension & Post-Retirement Benefits	6.45	5.12	3.84	-	-	-
Long-Term Deferred Tax Liabilities	-	28.48	114.92	55.82	-	-
Other Long-Term Liabilities	-	-	-	2.96	0.58	0.24
Total Liabilities	4,451	1,938	1,609	984.93	351.9	117.79
Common Stock	160	160	120	90	35	5
Additional Paid-In Capital	1,111	885.77	-	-	-	-
Retained Earnings	793.51	580.13	476.14	34.97	24.17	4.05
Comprehensive Income & Other	507.21	371.79	363.81	276.06	-68.9	0.03
Total Common Equity	2,572	1,998	959.95	401.02	-9.72	9.08
Minority Interest	-	-	-	-	-	12
Shareholders' Equity	2,572	1,998	959.95	401.02	-9.72	21.08
Total Liabilities & Equity	7,023	3,935	2,569	1,386	342.17	138.87
Total Debt	3,019	1,120	1,148	442.67	142.13	95.29
Net Cash (Debt)	-2,816	-1,014	-1,104	-416.26	-138.2	-93.44
Net Cash Per Share	-17.60	-6.34	-6.90	-8.35	-17.01	-18.69
Filing Date Shares Outstanding	160	160	120	60.37	8.12	5
Total Common Shares Outstanding	160	160	120	60.37	8.12	5
Working Capital	798.05	501.39	159.65	64.52	-42.98	1.39
Book Value Per Share	16.07	12.49	8.00	6.64	-1.20	1.82
Tangible Book Value	2,554	1,975	931.89	399.96	-10.1	8.64
Tangible Book Value Per Share	15.96	12.35	7.77	6.63	-1.24	1.73
Land	64.62	51.52	51.52	35.68	-	-
Buildings	556.31	441.52	126.02	87.16	12.79	12.68
Machinery	1,646	1,189	554.26	178.56	25.14	23.48
Construction In Progress	309.88	32.5	275.66	124.75	4.65	1.94
Leasehold Improvements	0.39	0.72	0.4	0.28	0.07	0.16

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