Vakif Gayrimenkul Yatirim Ortakligi AS (IST:VKGYO)

IST:VKGYO Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Property, Plant & Equipment	20,177	15,912	9,652	5,696	1,595	868.32
Cash & Equivalents	2,776	1,404	1,296	1,425	849.04	820.02
Accounts Receivable	113.82	202.78	129.58	271.3	36.45	8.31
Other Receivables	205.78	218.73	397.64	13.04	150.79	2.69
Goodwill	-	-	-	-	14.63	14.63
Other Intangible Assets	0.88	1.01	3.27	4.14	1.52	0.16
Other Current Assets	1,674	1,738	7,589	30.29	1,002	373.01
Trading Asset Securities	-	-	-	186.52	-	-
Other Long-Term Assets	3,910	2,612	2,500	4,761	970.27	841.83
Total Assets	28,857	22,088	21,568	12,388	4,620	2,929
Current Portion of Long-Term Debt	-	11.3	149.61	189.55	127.55	105.68
Long-Term Debt	-	-	14.64	168.15	194.76	289.17
Accounts Payable	137.75	169.89	879.76	511.02	360.98	188.88
Accrued Expenses	85.67	9.17	9.17	5.03	1.33	1.11
Current Income Taxes Payable	239.02	21.64	58.22	51.65	13.53	1.39
Current Unearned Revenue	767.77	717.14	4,438	175.15	1,128	727.82
Other Current Liabilities	0.37	2.37	19.72	41.45	41.97	0.43
Long-Term Unearned Revenue	724.18	238.13	328.55	2,486	308.44	27.1
Long-Term Deferred Tax Liabilities	3,404	2,687	-	-	-	-
Other Long-Term Liabilities	82.6	62.99	65.72	73.25	1.44	142.5
Total Liabilities	5,446	3,924	5,968	3,706	2,179	1,485
Common Stock	3,450	3,450	2,950	1,145	1,000	460
Additional Paid-In Capital	41.7	33.25	33.25	2,182	301.12	278.98
Retained Earnings	5,406	3,810	1,776	942.34	1,119	683.91
Comprehensive Income & Other	14,514	10,872	10,841	4,413	21.41	21.59
Shareholders' Equity	23,411	18,165	15,600	8,682	2,441	1,444
Total Liabilities & Equity	28,857	22,088	21,568	12,388	4,620	2,929
Total Debt	-	11.3	164.25	357.7	322.3	394.84
Net Cash (Debt)	2,776	1,393	1,132	1,254	526.74	425.18
Net Cash (Debt) Growth	115.41%	23.05%	-9.71%	137.98%	23.89%	-
Net Cash Per Share	0.80	0.40	0.33	0.55	0.29	0.43
Filing Date Shares Outstanding	3,450	3,450	5,112	858.65	2,307	535.49
Total Common Shares Outstanding	3,450	3,450	5,112	858.65	2,307	535.49
Book Value Per Share	6.79	5.27	3.05	10.11	1.06	2.70
Tangible Book Value	23,410	18,164	15,596	8,678	2,425	1,430
Tangible Book Value Per Share	6.79	5.26	3.05	10.11	1.05	2.67
Land	6.22	4.96	4.96	3.43	0.22	0.22
Buildings	16,440	12,926	353.04	214.17	53.91	46.49
Construction In Progress	3,721	2,972	9,285	5,477	1,541	821.3

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.