IST:ALFAS 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
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
Cash & Equivalents	1,292	894.32	1,487	1,353	123.14
Trading Asset Securities	2.62	192.27	580.79	54.95	-
Accounts Receivable	1,643	712.2	245.45	99.39	51.68
Other Receivables	173.4	260.78	211.79	83.09	39.23
Inventory	2,030	1,764	2,631	1,206	176.47
Prepaid Expenses	3.16	6.39	252	1.07	0.09
Other Current Assets	5.9	0.28	0.42	0.45	12.05
Total Current Assets	5,150	3,830	5,408	2,797	402.67
Property, Plant & Equipment	5,491	2,641	1,919	459.75	37.87
Goodwill	-	3.96	-	-	-
Other Intangible Assets	167.95	89.64	-	-	-
Long-Term Investments	918.11	677.5	-	-	-
Long-Term Deferred Tax Assets	-	-	-	163.27	0.07
Other Long-Term Assets	30.53	-	0.36	-	-
Total Assets	11,803	7,242	7,327	3,420	440.61
Accounts Payable	1,127	605.04	1,291	729.73	243.32
Accrued Expenses	61.61	58.2	56.56	16.3	1.17
Short-Term Debt	1,651	602	230.46	19.74	8.43
Current Portion of Long-Term Debt	229.31	286.22	34.93	6.67	4.79
Current Unearned Revenue	984.72	1,080	1,473	881.04	67.32
Current Portion of Leases	0.55	0.4	-	1.03	1.85
Current Income Taxes Payable	-	-	51.9	83.71	0.07
Other Current Liabilities	543.23	193.21	4.42	11.68	0.34
Total Current Liabilities	4,597	2,825	3,142	1,750	327.3
Long-Term Debt	1,139	429.16	150.78	0.38	3.56
Long-Term Leases	0.24	0.5	-	-	0.29
Pension & Post-Retirement Benefits	36.72	19.07	8.78	4.27	0.64
Long-Term Deferred Tax Liabilities	710.24	168.97	77.51	-	-
Other Long-Term Liabilities	-	-	0.04	-	-
Total Liabilities	6,484	3,443	3,380	1,755	331.78
Common Stock	368	368	368	46	40
Additional Paid-In Capital	949.09	756.67	756.67	549.9	-
Retained Earnings	2,732	2,250	2,482	983	68.82
Treasury Stock	-69.26	-55.22	-	-	-
Comprehensive Income & Other	1,332	477.77	338.18	86.78	0.01
Total Common Equity	5,312	3,797	3,945	1,666	108.83
Minority Interest	7.38	3.15	2.86	-	-
Shareholders' Equity	5,319	3,800	3,948	1,666	108.83
Total Liabilities & Equity	11,803	7,242	7,327	3,420	440.61
Total Debt	3,020	1,318	416.18	27.83	18.91
Net Cash (Debt)	-1,726	-231.69	1,651	1,380	104.23
Net Cash Growth	-	-	19.67%	1223.80%	-
Net Cash Per Share	-4.69	-0.63	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	552.72	1,006	2,266	1,047	75.37
Book Value Per Share	14.43	10.32	10.72	4.53	2.86
Tangible Book Value	5,144	3,703	3,945	1,666	108.83
Tangible Book Value Per Share	13.98	10.06	10.72	4.53	2.86
Land	326.44	54.51	54.41	10.18	2.37
Buildings	1,260	835.35	367.04	180.96	5.9
Machinery	4,098	1,856	874.16	240.76	29.11
Construction In Progress	417.94	206	832.07	73.98	9

Source: S&P Global Market Intelligence. Utility template. Financial Sources.