IST:ARTMS 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	161.9	143.4	18.16	8.92	6.72	6.46
Short-Term Investments	-	-	-	-	0.1	-
Cash & Short-Term Investments	161.9	143.4	18.16	8.92	6.82	6.46
Cash Growth	-24.60%	689.70%	103.61%	30.81%	5.51%	-
Accounts Receivable	399.42	598.26	562.3	294.97	101.12	111.17
Other Receivables	13.86	8.6	35.68	24.07	3.37	0.22
Receivables	413.28	606.86	597.99	319.03	104.5	111.39
Inventory	1,177	604.74	276.44	441.48	191.4	115.81
Prepaid Expenses	8.26	0.08	4.89	1.5	0.81	0.25
Other Current Assets	64.76	49.56	154.83	76.12	9.67	0.58
Total Current Assets	1,825	1,405	1,052	847.05	313.2	234.49
Property, Plant & Equipment	808.75	603.02	551.78	329.64	131.95	84.28
Other Intangible Assets	1.38	1.27	1.84	1.1	0.23	0.17
Long-Term Accounts Receivable	-	1.51	8.4	-	2.11	3.21
Long-Term Deferred Tax Assets	6.03	-	-	3.45	0.93	7.15
Other Long-Term Assets	50.1	13.82	13.82	10.21	3.48	0.93
Total Assets	2,692	2,024	1,628	1,191	451.9	330.22
Accounts Payable	102.65	141.73	222.91	212.31	101.53	46.16
Accrued Expenses	19.64	13.84	16.46	6.1	3.25	1.94
Short-Term Debt	138.46	43.14	99.82	182.81	52.96	21.29
Current Portion of Long-Term Debt	25.77	-	302.2	25.4	64.22	56.55
Current Portion of Leases	127.91	5.69	13.3	8.8	10.78	9.09
Current Income Taxes Payable	5.66	26.83	2.49	-	0.08	0.12
Current Unearned Revenue	6.66	3.54	34.8	35.9	9.14	13.34
Other Current Liabilities	6.09	0.11	22.97	150.19	6.62	10.17
Total Current Liabilities	432.84	234.88	714.94	621.51	248.59	158.66
Long-Term Debt	34.6	2.6	10.93	10.37	18.49	46.39
Long-Term Leases	-	68.5	70.06	6.38	6.98	11.27
Long-Term Unearned Revenue	2.54	2.54	-	-	-	-
Pension & Post-Retirement Benefits	5.14	2.57	1.5	0.83	0.22	0.12
Long-Term Deferred Tax Liabilities	-	74.39	17.27	-	-	-
Other Long-Term Liabilities	-	3.56	12.72	1.73	7.86	5.88
Total Liabilities	475.11	389.04	827.42	640.83	282.13	222.32
Common Stock	70	70	50	50	30	30
Additional Paid-In Capital	732.69	584.15	-	-	-	-
Retained Earnings	1,060	713.25	486.63	332.63	61.19	42.98
Comprehensive Income & Other	354.06	267.83	264.08	167.99	78.58	34.92
Shareholders' Equity	2,217	1,635	800.71	550.62	169.77	107.9
Total Liabilities & Equity	2,692	2,024	1,628	1,191	451.9	330.22
Total Debt	326.73	119.93	496.31	233.77	153.43	144.58
Net Cash (Debt)	-164.84	23.47	-478.15	-224.85	-146.61	-138.12
Net Cash Per Share	-2.46	0.35	-13.15	-5.65	-4.03	-3.80
Filing Date Shares Outstanding	70	70	50	50	36.35	36.35
Total Common Shares Outstanding	70	70	50	50	36.35	36.35
Working Capital	1,393	1,170	337.36	225.54	64.62	75.82
Book Value Per Share	31.67	23.36	16.01	11.01	4.67	2.97
Tangible Book Value	2,215	1,634	798.88	549.52	169.54	107.73
Tangible Book Value Per Share	31.65	23.34	15.98	10.99	4.66	2.96
Machinery	656.25	483.36	485.76	336.02	129.6	80.95
Construction In Progress	-	33.92	0.06	-	-	1.35
Leasehold Improvements	88.06	54.64	40.33	27.66	4.15	0.12

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