IST:BFREN Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	157.61	228.83	167.82	122.26	37.89
Cash & Short-Term Investments	157.61	228.83	167.82	122.26	37.89
Cash Growth	-31.13%	36.35%	37.27%	222.64%	-7.08%
Accounts Receivable	569.91	501.22	301.61	211.46	68.63
Other Receivables	0.1	0.71	2.81	1.3	1.26
Receivables	570.02	501.93	304.42	212.76	69.9
Inventory	164.22	144.91	119.41	82.37	32.16
Prepaid Expenses	3.01	1.35	1.32	-	-
Other Current Assets	0.73	1.13	0.79	0.48	0.16
Total Current Assets	895.58	878.16	593.77	417.87	140.12
Property, Plant & Equipment	340	433.31	407.08	327.36	23.07
Other Intangible Assets	8.3	16.49	16.08	4	1.44
Long-Term Deferred Tax Assets	2.87	-	19.23	40.14	4.77
Other Long-Term Assets	-	-	-	1.01	0.14
Total Assets	1,247	1,328	1,036	790.38	169.54
Accounts Payable	242.49	394.21	246.16	291.56	44.71
Accrued Expenses	44.34	35.16	25.83	19.69	8.2
Current Portion of Long-Term Debt	199.04	91.65	128.42	1.69	-
Current Portion of Leases	32.59	28.6	38.81	18.51	9.17
Current Income Taxes Payable	41.22	13.88	18.3	-	3.81
Current Unearned Revenue	7.27	8.67	5.89	16.78	5.04
Other Current Liabilities	0.51	7.75	8.16	0.52	0.53
Total Current Liabilities	567.46	579.92	471.57	348.76	71.46
Long-Term Debt	-	234.81	226.64	41.44	-
Long-Term Leases	32.53	62.8	77.43	78.08	0.74
Long-Term Unearned Revenue	37.97	44.9	46.7	-	-
Pension & Post-Retirement Benefits	33.34	37.8	36.71	34.34	9.43
Long-Term Deferred Tax Liabilities	-	12.63	-	-	-
Total Liabilities	671.3	972.85	859.05	502.63	81.63
Common Stock	122.52	30.64	2.5	2.5	2.5
Additional Paid-In Capital	6.68	-	-	-	-
Retained Earnings	-435.96	-544.46	-510.37	-195.7	60.98
Comprehensive Income & Other	882.21	868.93	684.98	480.95	24.43
Shareholders' Equity	575.46	355.11	177.11	287.75	87.91
Total Liabilities & Equity	1,247	1,328	1,036	790.38	169.54
Total Debt	264.16	417.86	471.3	139.73	9.91
Net Cash (Debt)	-106.55	-189.02	-303.47	-17.47	27.98
Net Cash Growth	-	-	-	-	-11.77%
Net Cash Per Share	-1.17	-6.17	-9.91	-0.57	0.91
Filing Date Shares Outstanding	122.52	30.64	30.64	30.64	30.64
Total Common Shares Outstanding	122.52	30.64	30.64	30.64	30.64
Working Capital	328.12	298.24	122.19	69.11	68.66
Book Value Per Share	4.70	11.59	5.78	9.39	2.87
Tangible Book Value	567.16	338.62	161.03	283.75	86.47
Tangible Book Value Per Share	4.63	11.05	5.26	9.26	2.82
Machinery	1,177	1,158	907.82	480.49	60.81
Construction In Progress	-	18.23	6.92	152.37	2.03

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.