IST:BESTE 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Cash & Equivalents	68.8	11.26	22.32	10.05
Accounts Receivable	51.59	33.81	37.22	24.36
Other Receivables	0.71	1.04	0.08	5.09
Prepaid Expenses	0.54	0.24	1.89	1.88
Other Current Assets	-	0.39	0.26	0.43
Total Current Assets	121.64	46.74	61.77	41.8
Property, Plant & Equipment	4,669	3,934	2,741	1,787
Other Intangible Assets	3.56	-	-	-
Other Long-Term Assets	2.24	1.93	2.16	51.59
Total Assets	4,797	3,983	2,805	1,880
Accounts Payable	17.89	14.37	4.01	1.83
Accrued Expenses	1.32	0.78	1.25	0.42
Short-Term Debt	71.96	26.61	2.45	12.02
Current Portion of Long-Term Debt	146.37	155.8	209.87	144.22
Current Unearned Revenue	-	-	-	0.18
Current Portion of Leases	2.88	0.07	0.85	0.14
Current Income Taxes Payable	-	27.83	42.56	1.08
Other Current Liabilities	25.08	2.21	3.85	29.5
Total Current Liabilities	265.5	227.67	264.83	189.4
Long-Term Debt	114.43	192.1	261	296.15
Long-Term Leases	3.48	7.91	2.41	1.04
Pension & Post-Retirement Benefits	2.35	0.86	0.42	0.24
Long-Term Deferred Tax Liabilities	770.58	582.51	351.14	235.04
Total Liabilities	1,156	1,011	879.78	721.87
Common Stock	150	150	61.48	50
Retained Earnings	771.33	581.07	547.6	513.5
Comprehensive Income & Other	2,719	2,240	1,316	594.88
Shareholders' Equity	3,640	2,971	1,925	1,158
Total Liabilities & Equity	4,797	3,983	2,805	1,880
Total Debt	339.12	382.49	476.56	453.57
Net Cash (Debt)	-270.33	-371.23	-454.24	-443.52
Net Cash Per Share	-1.80	-3.37	-8.01	-8.87
Filing Date Shares Outstanding	149.24	150	56.71	50
Total Common Shares Outstanding	149.24	150	56.71	50
Working Capital	-143.86	-180.92	-203.06	-147.59
Book Value Per Share	24.39	19.81	33.95	23.17
Tangible Book Value	3,637	2,971	1,925	1,158
Tangible Book Value Per Share	24.37	19.81	33.95	23.17
Land	-	23.07	19.25	12.23
Machinery	-	3,906	3,016	1,913

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