IST:ERCB 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	95.63	428.69	250.09	118.12	167.84
Short-Term Investments	-	1.21	0.66	0.37	0.51
Cash & Short-Term Investments	95.63	429.9	250.75	118.49	168.35
Cash Growth	-77.75%	71.45%	111.62%	-29.62%	117.97%
Accounts Receivable	3,036	1,641	743.11	581.07	150.28
Other Receivables	3,728	5,048	3,317	1,327	816.09
Receivables	6,764	6,689	4,060	1,908	966.37
Inventory	450.35	1,242	1,347	640.33	289.7
Prepaid Expenses	508.88	21.56	56.77	66.92	3.48
Other Current Assets	293.61	296.2	328.84	135.99	112.65
Total Current Assets	8,113	8,679	6,043	2,870	1,541
Property, Plant & Equipment	5,529	3,479	3,061	1,974	1,435
Long-Term Investments	1.77	1.15	0.81	0.55	0.36
Other Intangible Assets	76.64	28.89	26.02	17.39	11.9
Long-Term Accounts Receivable	66.15	49.98	38.44	30.32	21.96
Long-Term Deferred Charges	-	24.81	16.39	8.66	4.94
Other Long-Term Assets	637.14	508.96	583.12	246.66	165.42
Total Assets	14,423	12,771	9,769	5,147	3,180
Accounts Payable	2,376	2,982	1,579	1,005	384.17
Accrued Expenses	68.27	350.5	90.71	59.62	40.82
Short-Term Debt	745.46	2,571	2,448	1,300	720.01
Current Portion of Long-Term Debt	1,184	911.31	580.33	168.21	142.97
Current Portion of Leases	-	7.12	3.78	2.91	1.03
Current Income Taxes Payable	24.66	13.41	-	-	2.17
Current Unearned Revenue	232.75	292.74	520.64	52.79	55.57
Other Current Liabilities	290.95	27.35	4.84	5.26	27.74
Total Current Liabilities	4,922	7,155	5,227	2,593	1,374
Long-Term Debt	3,698	753.44	670.62	397.09	380.08
Long-Term Leases	-	8.71	5.42	1.52	0.61
Pension & Post-Retirement Benefits	128.65	63.24	34.03	26.6	12.68
Long-Term Deferred Tax Liabilities	973.1	591.88	481.3	277.9	251.62
Other Long-Term Liabilities	1,167	645.43	364.07	-	-
Total Liabilities	10,888	9,218	6,783	3,297	2,019
Common Stock	77.77	77.77	77.77	77.77	77.77
Additional Paid-In Capital	13.89	13.89	13.89	13.89	13.89
Retained Earnings	64.36	470.19	441.63	349.46	164.71
Treasury Stock	-2.02	-	-	-	-
Comprehensive Income & Other	3,399	3,022	2,453	1,410	903.88
Total Common Equity	3,553	3,584	2,987	1,851	1,160
Minority Interest	-17.76	-30.6	-0.11	-	-
Shareholders' Equity	3,535	3,554	2,987	1,851	1,160
Total Liabilities & Equity	14,423	12,771	9,769	5,147	3,180
Total Debt	5,627	4,251	3,708	1,869	1,245
Net Cash (Debt)	-5,532	-3,821	-3,458	-1,751	-1,076
Net Cash Per Share	-	-49.13	-44.46	-22.51	-13.84
Filing Date Shares Outstanding	-	77.77	77.77	77.77	77.77
Total Common Shares Outstanding	-	77.77	77.77	77.77	77.77
Working Capital	3,191	1,524	815.8	276.14	166.06
Book Value Per Share	-	46.09	38.40	23.80	14.92
Tangible Book Value	3,476	3,555	2,961	1,833	1,148
Tangible Book Value Per Share	-	45.72	38.07	23.57	14.77
Buildings	-	1,356	1,133	719.56	499
Machinery	-	5,025	4,158	2,541	1,744
Construction In Progress	-	11.11	6.54	3.66	1.12

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