IST:ERCB Balance Sheet

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	576.25	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	576.25	95.63	429.9	250.75	118.49	168.35
Cash Growth	390.32%	-77.75%	71.45%	111.62%	-29.62%	117.97%
Accounts Receivable	3,133	3,036	1,641	743.11	581.07	150.28
Other Receivables	4,013	3,726	5,048	3,317	1,327	816.09
Receivables	7,146	6,762	6,689	4,060	1,908	966.37
Inventory	1,111	907.01	1,242	1,347	640.33	289.7
Prepaid Expenses	44.83	53.66	21.56	56.77	66.92	3.48
Other Current Assets	396.75	294.08	296.2	328.84	135.99	112.65
Total Current Assets	9,274	8,113	8,679	6,043	2,870	1,541
Property, Plant & Equipment	8,151	5,529	3,479	3,061	1,974	1,435
Long-Term Investments	1.83	1.77	1.15	0.81	0.55	0.36
Other Intangible Assets	34.61	33.73	28.89	26.02	17.39	11.9
Long-Term Accounts Receivable	70.02	66.15	49.98	38.44	30.32	21.96
Long-Term Deferred Charges	46.82	42.91	24.81	16.39	8.66	4.94
Other Long-Term Assets	656.47	637.14	508.96	583.12	246.66	165.42
Total Assets	18,236	14,423	12,771	9,769	5,147	3,180
Accounts Payable	2,448	2,376	2,982	1,579	1,005	384.17
Accrued Expenses	201.9	267.65	350.5	90.71	59.62	40.82
Short-Term Debt	1,247	745.46	2,571	2,448	1,300	720.01
Current Portion of Long-Term Debt	1,197	1,177	911.31	580.33	168.21	142.97
Current Portion of Leases	5.84	7	7.12	3.78	2.91	1.03
Current Income Taxes Payable	-	24.66	13.41	-	-	2.17
Current Unearned Revenue	169.27	267.04	292.74	520.64	52.79	55.57
Other Current Liabilities	64.25	57.29	27.35	4.84	5.26	27.74
Total Current Liabilities	5,334	4,922	7,155	5,227	2,593	1,374
Long-Term Debt	4,076	3,692	753.44	670.62	397.09	380.08
Long-Term Leases	4.41	5.73	8.71	5.42	1.52	0.61
Pension & Post-Retirement Benefits	126.62	128.65	63.24	34.03	26.6	12.68
Long-Term Deferred Tax Liabilities	1,662	973.1	591.88	481.3	277.9	251.62
Other Long-Term Liabilities	1,139	1,167	645.43	364.07	-	-
Total Liabilities	12,342	10,888	9,218	6,783	3,297	2,019
Common Stock	77.77	77.77	77.77	77.77	77.77	77.77
Additional Paid-In Capital	13.89	1,334	1,334	13.89	13.89	13.89
Retained Earnings	196.57	64.36	470.19	441.63	349.46	164.71
Treasury Stock	-2.02	-2.02	-1.19	-	-	-
Comprehensive Income & Other	5,641	2,079	1,704	2,453	1,410	903.88
Total Common Equity	5,927	3,553	3,584	2,987	1,851	1,160
Minority Interest	-33.82	-17.76	-30.6	-0.11	-	-
Shareholders' Equity	5,893	3,535	3,554	2,987	1,851	1,160
Total Liabilities & Equity	18,236	14,423	12,771	9,769	5,147	3,180
Total Debt	6,531	5,627	4,251	3,708	1,869	1,245
Net Cash (Debt)	-5,954	-5,532	-3,821	-3,458	-1,751	-1,076
Net Cash Per Share	-76.56	-71.13	-49.13	-44.46	-22.51	-13.84
Filing Date Shares Outstanding	77.77	77.77	77.77	77.77	77.77	77.77
Total Common Shares Outstanding	77.77	77.77	77.77	77.77	77.77	77.77
Working Capital	3,940	3,191	1,524	815.8	276.14	166.06
Book Value Per Share	76.21	45.68	46.09	38.40	23.80	14.92
Tangible Book Value	5,893	3,519	3,555	2,961	1,833	1,148
Tangible Book Value Per Share	75.77	45.25	45.72	38.07	23.57	14.77
Buildings	2,494	2,408	1,356	1,133	719.56	499
Machinery	9,728	6,953	5,025	4,158	2,541	1,744
Construction In Progress	14.51	13.14	11.11	6.54	3.66	1.12