IST:IZENR 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	14.88	360.5	804.17	23.41	56.55	2.92
Trading Asset Securities	-	360.48	100.43	-	-	-
Accounts Receivable	400.06	391.56	356.3	107.2	18.63	28.7
Inventory	1,970	960.11	1,493	1,395	256.16	230.48
Prepaid Expenses	169.43	42.58	26.49	13.51	17.65	7.93
Other Current Assets	6.72	169.69	58.51	113.7	0.31	0.27
Total Current Assets	3,013	2,285	2,839	1,653	349.3	270.29
Property, Plant & Equipment	13,959	10,325	10,903	6,074	1,654	1,714
Other Intangible Assets	1.69	1.63	1.72	1.46	0.26	0.24
Long-Term Investments	2.72	2.17	2.17	1.5	0.2	0.2
Long-Term Deferred Tax Assets	24.18	351.04	133.35	20.94	-	-
Other Long-Term Assets	87.13	164.84	1,336	6.53	6.33	-
Total Assets	17,088	13,130	15,216	7,757	2,011	1,985
Accounts Payable	61.27	70.47	101.94	59.48	11.8	15.61
Accrued Expenses	52.09	47.37	40.73	180.77	4.62	3.32
Short-Term Debt	4.86	30.12	0.04	711.64	843.76	406.25
Current Portion of Long-Term Debt	270.88	146.14	68.43	453.81	402.88	236.92
Current Unearned Revenue	-	1.28	1.28	-	87.74	278.7
Current Portion of Leases	-	2.87	3.59	3.63	-	-
Current Income Taxes Payable	-	-	12.11	6.61	-	-
Other Current Liabilities	5.83	-	-	-	1.75	8.89
Total Current Liabilities	394.93	298.24	228.11	1,416	1,353	949.7
Long-Term Debt	801.72	383.91	576.45	-	185.21	315.47
Long-Term Leases	-	-	-	4.05	-	-
Long-Term Unearned Revenue	-	0.43	1.7	-	-	-
Pension & Post-Retirement Benefits	-	39.62	32.8	23.42	-	-
Long-Term Deferred Tax Liabilities	-	-	-	-	62.37	101.21
Other Long-Term Liabilities	64.61	8.25	6.76	3.48	6.37	4.84
Total Liabilities	1,261	730.44	845.81	1,447	1,607	1,371
Common Stock	2,444	2,444	575	500	500	390
Additional Paid-In Capital	2,743	2,187	2,187	-	-	-
Retained Earnings	7,305	5,589	6,446	3,371	-946.43	-662.17
Comprehensive Income & Other	3,335	2,180	5,162	2,439	850.46	885.85
Shareholders' Equity	15,827	12,399	14,370	6,310	404.03	613.68
Total Liabilities & Equity	17,088	13,130	15,216	7,757	2,011	1,985
Total Debt	1,077	563.03	648.51	1,173	1,432	958.65
Net Cash (Debt)	-611.49	157.95	256.1	-1,150	-1,375	-955.73
Net Cash Growth	-	-38.32%	-	-	-	-
Net Cash Per Share	-0.24	0.06	0.10	-0.54	-	-
Filing Date Shares Outstanding	2,495	2,444	2,444	2,143	-	-
Total Common Shares Outstanding	2,495	2,444	2,444	2,143	-	-
Working Capital	2,618	1,987	2,611	236.7	-1,003	-679.41
Book Value Per Share	6.34	5.07	5.88	2.94	-	-
Tangible Book Value	15,825	12,398	14,368	6,309	403.77	613.44
Tangible Book Value Per Share	6.34	5.07	5.88	2.94	-	-
Land	-	1,324	1,289	561.93	-	-
Buildings	-	1,783	1,791	1,249	-	-
Machinery	-	10,128	9,698	5,713	-	-
Construction In Progress	-	112.19	632.21	25.02	-	-

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