IST:BFREN 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	FY 2020
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	Dec '20 Dec 31, 2020
Cash & Equivalents	133.55	174.82	167.82	122.26	37.89	40.78
Cash & Short-Term Investments	133.55	174.82	167.82	122.26	37.89	40.78
Cash Growth	-5.80%	4.17%	37.27%	222.64%	-7.08%	72.77%
Accounts Receivable	480.58	382.93	301.61	211.46	68.63	53.9
Other Receivables	0.72	0.54	2.81	1.3	1.26	0.08
Receivables	481.29	383.47	304.42	212.76	69.9	53.98
Inventory	174.06	110.71	119.41	82.37	32.16	16.94
Prepaid Expenses	4.46	1.03	1.32	-	-	0.16
Other Current Assets	0.72	0.87	0.79	0.48	0.16	0.12
Total Current Assets	794.08	670.9	593.77	417.87	140.12	111.99
Property, Plant & Equipment	348.41	331.05	407.08	327.36	23.07	23.06
Other Intangible Assets	9.63	12.6	16.08	4	1.44	1.27
Long-Term Deferred Tax Assets	-	-	19.23	40.14	4.77	1.62
Other Long-Term Assets	-	-	-	1.01	0.14	0.05
Total Assets	1,152	1,015	1,036	790.38	169.54	137.98
Accounts Payable	193.53	301.17	246.16	291.56	44.71	29.72
Accrued Expenses	57.5	26.86	25.83	19.69	8.2	6.94
Current Portion of Long-Term Debt	185.54	70.02	128.42	1.69	-	-
Current Portion of Leases	39.57	21.85	38.81	18.51	9.17	4.4
Current Income Taxes Payable	12.61	10.6	18.3	-	3.81	0.72
Current Unearned Revenue	6.53	6.62	5.89	16.78	5.04	-
Other Current Liabilities	35.16	5.92	8.16	0.52	0.53	17.01
Total Current Liabilities	530.44	443.05	471.57	348.76	71.46	58.79
Long-Term Debt	-	179.39	226.64	41.44	-	-
Long-Term Leases	30.91	47.98	77.43	78.08	0.74	4.67
Long-Term Unearned Revenue	35.44	34.31	46.7	-	-	-
Pension & Post-Retirement Benefits	35.75	28.88	36.71	34.34	9.43	6.5
Long-Term Deferred Tax Liabilities	5.73	9.65	-	-	-	-
Total Liabilities	638.26	743.25	859.05	502.63	81.63	69.96
Common Stock	122.52	30.64	2.5	2.5	2.5	2.5
Retained Earnings	-451.82	-415.96	-510.37	-195.7	60.98	39.56
Comprehensive Income & Other	836.47	656.62	684.98	480.95	24.43	25.96
Shareholders' Equity	513.86	271.3	177.11	287.75	87.91	68.02
Total Liabilities & Equity	1,152	1,015	1,036	790.38	169.54	137.98
Total Debt	256.03	319.24	471.3	139.73	9.91	9.07
Net Cash (Debt)	-122.48	-144.41	-303.47	-17.47	27.98	31.72
Net Cash Growth	-	-	-	-	-11.77%	158.06%
Net Cash Per Share	-1.00	-4.71	-9.91	-0.57	0.91	1.04
Filing Date Shares Outstanding	122.52	30.64	30.64	30.64	30.64	30.64
Total Common Shares Outstanding	122.52	30.64	30.64	30.64	30.64	30.64
Working Capital	263.64	227.85	122.19	69.11	68.66	53.19
Book Value Per Share	4.19	8.86	5.78	9.39	2.87	2.22
Tangible Book Value	504.22	258.7	161.03	283.75	86.47	66.75
Tangible Book Value Per Share	4.12	8.44	5.26	9.26	2.82	2.18
Machinery	1,128	885.05	907.82	480.49	60.81	57.05
Construction In Progress	0.93	13.93	6.92	152.37	2.03	-

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