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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	121.9	542.13	1.46	19.66	33.96	44.79
Short-Term Investments	27.01	0.32	-	-	0.27	0.04
Accounts Receivable	310.76	160.75	671.67	538.48	214.7	149.89
Other Receivables	20.72	2.23	0.03	2.8	0.06	0
Inventory	82.61	26.34	16.53	22.89	6.19	1.14
Prepaid Expenses	12.25	39.03	4.98	-	-	-
Other Current Assets	130.6	0.14	2.36	1.26	1.5	1.02
Total Current Assets	1,273	770.94	697.03	585.09	256.69	196.89
Property, Plant & Equipment	1,310	1,214	1,024	864.44	401.01	271.14
Other Intangible Assets	1.29	0.95	0.76	0.58	0.18	0.03
Long-Term Accounts Receivable	-	-	-	-	41.13	-
Other Long-Term Assets	123.74	105.69	89.99	53.46	18.52	13.41
Total Assets	2,708	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	14.91	26.79	23.87	7.14	10.81	1.32
Accrued Expenses	5.29	0.72	2.07	0.73	2.23	0.91
Short-Term Debt	71.64	118.9	89.19	18.71	13.08	3.85
Current Portion of Long-Term Debt	125.52	123.56	52.13	48.33	32.71	24.58
Current Unearned Revenue	0.75	0.76	1.78	2.08	4.11	1.77
Current Income Taxes Payable	-	-	-	31.05	2.55	6.04
Other Current Liabilities	40.28	135.07	32.95	23.35	13.13	9.64
Total Current Liabilities	260.06	405.79	201.99	131.4	78.62	48.12
Long-Term Debt	99.78	133.16	100.33	114.43	94	87.55
Pension & Post-Retirement Benefits	3.82	3.07	1.78	0.53	0.24	0.04
Long-Term Deferred Tax Liabilities	211.24	168.07	141.15	129.64	59.97	32.89
Other Long-Term Liabilities	9.79	44.35	158.89	139.43	40.08	18.23
Total Liabilities	588.79	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	Jun 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	39.28	92.8	214.27	206.3	105.11	100.1
Comprehensive Income & Other	1,235	1,065	813.72	602.24	162.01	57.05
Shareholders' Equity	2,119	1,337	1,208	988.14	444.62	294.65
Total Liabilities & Equity	2,708	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	302.7	375.62	241.65	181.48	139.8	115.98
Net Cash (Debt)	412.96	166.84	-240.19	-161.82	-105.56	-71.15
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	2.49	1.13	-1.63	-1.10	-1.00	-1.73
Filing Date Shares Outstanding	182.84	150.5	147.34	147.34	110.5	41.2
Total Common Shares Outstanding	182.84	150.5	147.34	147.34	110.5	41.2
Working Capital	1,013	365.15	495.04	453.69	178.06	148.77
Book Value Per Share	11.59	8.89	8.20	6.71	4.02	7.15
Tangible Book Value	2,118	1,336	1,207	987.56	444.44	294.62
Tangible Book Value Per Share	11.58	8.88	8.19	6.70	4.02	7.15
Land	286.64	-	213.95	161.15	2.04	0.63
Machinery	1,206	-	901.41	747.73	353.63	252.01
Construction In Progress	3.32	-	0.49	0.11	59.01	22.76

Data Source: S&P Global Market Intelligence Last updated: Jun 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:

Sep 15, 2026

Data Sources Report a data error