IST:ERCB 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	141.36	428.69	250.09	118.12	167.84	76.52
Short-Term Investments	3.23	1.21	0.66	0.37	0.51	0.72
Cash & Short-Term Investments	144.59	429.9	250.75	118.49	168.35	77.24
Cash Growth	-37.87%	71.45%	111.62%	-29.62%	117.97%	13.77%
Accounts Receivable	2,925	1,641	743.11	581.07	150.28	162.65
Other Receivables	3,519	5,048	3,317	1,327	816.09	495.2
Receivables	6,444	6,689	4,060	1,908	966.37	657.84
Inventory	1,406	1,242	1,347	640.33	289.7	172.92
Prepaid Expenses	122.72	21.56	56.77	66.92	3.48	4.3
Other Current Assets	298.39	296.2	328.84	135.99	112.65	73.47
Total Current Assets	8,416	8,679	6,043	2,870	1,541	985.77
Property, Plant & Equipment	3,889	3,479	3,061	1,974	1,435	714.81
Long-Term Investments	1.35	1.15	0.81	0.55	0.36	0.35
Goodwill	-	-	-	-	-	106.98
Other Intangible Assets	32.93	28.89	26.02	17.39	11.9	5.49
Long-Term Accounts Receivable	62.82	49.98	38.44	30.32	21.96	12.41
Long-Term Deferred Charges	37.83	24.81	16.39	8.66	4.94	2.2
Other Long-Term Assets	616.29	508.96	583.12	246.66	165.42	84.72
Total Assets	13,057	12,771	9,769	5,147	3,180	1,913
Accounts Payable	3,733	2,982	1,579	1,005	384.17	278.9
Accrued Expenses	159.83	350.5	90.71	59.62	40.82	35.44
Short-Term Debt	2,434	2,571	2,448	1,300	720.01	229.89
Current Portion of Long-Term Debt	788.73	911.31	580.33	168.21	142.97	147.73
Current Portion of Leases	8.21	7.12	3.78	2.91	1.03	1.53
Current Income Taxes Payable	77.78	13.41	-	-	2.17	0.3
Current Unearned Revenue	332.44	292.74	520.64	52.79	55.57	45.05
Other Current Liabilities	23.93	27.35	4.84	5.26	27.74	64.48
Total Current Liabilities	7,558	7,155	5,227	2,593	1,374	803.32
Long-Term Debt	2,381	753.44	670.62	397.09	380.08	302.77
Long-Term Leases	7	8.71	5.42	1.52	0.61	0.77
Long-Term Unearned Revenue	-	-	-	-	-	28.29
Pension & Post-Retirement Benefits	108.38	63.24	34.03	26.6	12.68	9.68
Long-Term Deferred Tax Liabilities	723.14	591.88	481.3	277.9	251.62	117.52
Other Long-Term Liabilities	543.97	645.43	364.07	-	-	-
Total Liabilities	11,322	9,218	6,783	3,297	2,019	1,262
Common Stock	77.77	77.77	77.77	77.77	77.77	59.5
Additional Paid-In Capital	13.89	13.89	13.89	13.89	13.89	13.89
Retained Earnings	387.62	470.19	441.63	349.46	164.71	140.02
Comprehensive Income & Other	1,285	3,022	2,453	1,410	903.88	436.97
Total Common Equity	1,762	3,584	2,987	1,851	1,160	650.38
Minority Interest	-27.32	-30.6	-0.11	-	-	-
Shareholders' Equity	1,735	3,554	2,987	1,851	1,160	650.38
Total Liabilities & Equity	13,057	12,771	9,769	5,147	3,180	1,913
Total Debt	5,619	4,251	3,708	1,869	1,245	682.7
Net Cash (Debt)	-5,475	-3,821	-3,458	-1,751	-1,076	-605.46
Net Cash Per Share	-70.40	-49.13	-44.46	-22.51	-13.84	-10.18
Filing Date Shares Outstanding	77.77	77.77	77.77	77.77	77.77	59.5
Total Common Shares Outstanding	77.77	77.77	77.77	77.77	77.77	59.5
Working Capital	858.2	1,524	815.8	276.14	166.06	182.44
Book Value Per Share	22.66	46.09	38.40	23.80	14.92	10.93
Tangible Book Value	1,729	3,555	2,961	1,833	1,148	537.9
Tangible Book Value Per Share	22.24	45.72	38.07	23.57	14.77	9.04
Buildings	1,598	1,356	1,133	719.56	499	210.52
Machinery	5,934	5,025	4,158	2,541	1,744	908.41
Construction In Progress	16.23	11.11	6.54	3.66	1.12	9.96

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