IST:ERSU 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	54.66	5.74	121.07	0.93	2.57	0.11
Short-Term Investments	234.44	78.72	-	-	-	-
Cash & Short-Term Investments	289.1	84.47	121.07	0.93	2.57	0.11
Cash Growth	300.34%	-30.23%	12983.91%	-64.06%	2270.58%	-64.19%
Accounts Receivable	0.15	0.18	0.37	13.7	3.33	0.31
Other Receivables	13.91	29.88	21.09	0.61	0.4	0.42
Receivables	14.06	30.05	21.45	14.31	3.74	0.73
Inventory	35.56	35.46	77.01	53.51	62.18	25.93
Prepaid Expenses	0.11	-	0.04	0.06	0.02	-
Other Current Assets	14.58	14.12	16.94	13.27	11.64	1.47
Total Current Assets	353.4	164.1	236.51	82.08	80.14	28.24
Property, Plant & Equipment	401.64	360.47	379.57	464.87	340.84	63.71
Other Intangible Assets	0.55	0.56	-	-	-	-
Other Long-Term Assets	0.05	0.05	0.07	0.08	0.04	0.02
Total Assets	755.64	525.19	616.14	547.02	421.03	91.97
Accounts Payable	3.4	6	15.69	-	30.2	7.8
Accrued Expenses	2.57	1.78	2.53	2.64	1.74	0.55
Current Income Taxes Payable	0.09	0.83	0.81	0.26	0.15	0.21
Current Unearned Revenue	5.24	4.77	6.25	7.5	12.75	2.83
Other Current Liabilities	39.73	0.03	0.14	16.78	0.11	1.49
Total Current Liabilities	201.03	13.4	25.43	27.18	44.95	12.88
Long-Term Unearned Revenue	0.35	-	-	-	-	-
Pension & Post-Retirement Benefits	1.99	1.5	1.49	2.37	1.16	0.3
Long-Term Deferred Tax Liabilities	98.32	83.78	40.13	92.28	71.64	10.28
Other Long-Term Liabilities	-	-	-	-	0	0
Total Liabilities	301.69	98.68	67.05	121.84	117.75	23.47
Common Stock	36	36	36	36	36	36
Additional Paid-In Capital	8.28	7.52	7.52	5.75	3.98	0.24
Retained Earnings	-725.73	-645.01	-521.96	-392.66	-264.3	-17.23
Comprehensive Income & Other	1,135	1,028	1,028	776.09	527.59	49.49
Shareholders' Equity	453.95	426.51	549.1	425.18	303.28	68.5
Total Liabilities & Equity	755.64	525.19	616.14	547.02	421.03	91.97
Total Debt	150	-	-	-	-	-
Net Cash (Debt)	139.1	84.47	121.07	0.93	2.57	0.11
Net Cash Growth	92.62%	-30.23%	12983.91%	-64.06%	2270.58%	-55.96%
Net Cash Per Share	3.86	2.35	3.36	0.03	0.07	0.00
Filing Date Shares Outstanding	36	36	36	36	36	36
Total Common Shares Outstanding	36	36	36	36	36	36
Working Capital	152.36	150.7	211.07	54.89	35.2	15.37
Book Value Per Share	12.61	11.85	15.25	11.81	8.42	1.90
Tangible Book Value	453.4	425.94	549.1	425.18	303.28	68.5
Tangible Book Value Per Share	12.59	11.83	15.25	11.81	8.42	1.90
Land	191.75	174.25	174.25	238.32	165.06	30.13
Buildings	193.99	176.29	176.29	210.72	145.95	12.68
Machinery	499.4	449.27	441.83	336.93	231.49	38.45
Leasehold Improvements	0.97	0.89	0.89	-	0.47	0.04

Source: S&P Global Market Intelligence. Standard template. Financial Sources.