ARF Bio Yenilenebilir Enerji Üretim A.S. (IST:ARFYE)

IST:ARFYE Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	39.36	542.13	1.46	19.66	33.96	44.79
Short-Term Investments	713.97	0.32	-	-	0.27	0.04
Accounts Receivable	165.53	160.75	671.67	538.48	214.7	149.89
Other Receivables	32.02	2.23	0.03	2.8	0.06	0
Inventory	111.78	26.34	16.53	22.89	6.19	1.14
Prepaid Expenses	40.83	39.03	4.98	-	-	-
Other Current Assets	131.6	0.14	2.36	1.26	1.5	1.02
Total Current Assets	1,235	770.94	697.03	585.09	256.69	196.89
Property, Plant & Equipment	1,366	1,214	1,024	864.44	401.01	271.14
Other Intangible Assets	2.11	0.95	0.76	0.58	0.18	0.03
Long-Term Accounts Receivable	-	-	-	-	41.13	-
Other Long-Term Assets	133.01	105.69	89.99	53.46	18.52	13.41
Total Assets	2,736	2,092	1,812	1,504	717.54	481.47

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	17.21	26.79	23.87	7.14	10.81	1.32
Accrued Expenses	1.17	0.72	2.07	0.73	2.23	0.91
Short-Term Debt	70.53	118.9	89.19	18.71	13.08	3.85
Current Portion of Long-Term Debt	127.06	123.56	52.13	48.33	32.71	24.58
Current Unearned Revenue	1.57	0.76	1.78	2.08	4.11	1.77
Current Income Taxes Payable	-	-	-	31.05	2.55	6.04
Other Current Liabilities	41.51	135.07	32.95	23.35	13.13	9.64
Total Current Liabilities	259.04	405.79	201.99	131.4	78.62	48.12
Long-Term Debt	86.64	133.16	100.33	114.43	94	87.55
Pension & Post-Retirement Benefits	4.16	3.07	1.78	0.53	0.24	0.04
Long-Term Deferred Tax Liabilities	231.96	168.07	141.15	129.64	59.97	32.89
Other Long-Term Liabilities	9.99	44.35	158.89	139.43	40.08	18.23
Total Liabilities	591.8	754.44	604.14	515.43	272.92	186.82

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	182.84	147.34	147.34	147.34	105.24	105.24
Additional Paid-In Capital	662.38	32.26	32.26	32.26	72.26	32.26
Retained Earnings	18.19	92.8	214.27	206.3	105.11	100.1
Comprehensive Income & Other	1,281	1,065	813.72	602.24	162.01	57.05
Shareholders' Equity	2,144	1,337	1,208	988.14	444.62	294.65
Total Liabilities & Equity	2,736	2,092	1,812	1,504	717.54	481.47

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	284.23	375.62	241.65	181.48	139.8	115.98
Net Cash (Debt)	469.1	166.84	-240.19	-161.82	-105.56	-71.15
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-	1.13	-1.63	-1.10	-1.00	-1.73
Filing Date Shares Outstanding	-	150.5	147.34	147.34	110.5	41.2
Total Common Shares Outstanding	-	150.5	147.34	147.34	110.5	41.2
Working Capital	976.04	365.15	495.04	453.69	178.06	148.77
Book Value Per Share	-	8.89	8.20	6.71	4.02	7.15
Tangible Book Value	2,142	1,336	1,207	987.56	444.44	294.62
Tangible Book Value Per Share	-	8.88	8.19	6.70	4.02	7.15
Land	-	-	213.95	161.15	2.04	0.63
Machinery	-	-	901.41	747.73	353.63	252.01
Construction In Progress	-	-	0.49	0.11	59.01	22.76

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 7, 2026

Data Sources Report a data error