IST:SANFM 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	337.06	263.53	36.61	63.36	41.43
Short-Term Investments	0.95	1.54	4.05	1.15	-
Cash & Short-Term Investments	338.01	265.07	40.65	64.51	41.43
Cash Growth	27.52%	552.03%	-36.98%	55.70%	32.92%
Accounts Receivable	328.41	252.4	246.94	149.95	40.51
Other Receivables	9.73	8.8	30.2	17.19	0.93
Receivables	338.14	261.2	277.14	167.14	41.44
Inventory	292.85	311.02	198.88	118.02	18.41
Prepaid Expenses	3.68	0.12	2.02	0.46	0.89
Other Current Assets	29.43	38.93	23.01	17.19	7.38
Total Current Assets	1,002	876.35	541.7	367.33	109.56
Property, Plant & Equipment	564.26	231.75	212.48	108.57	22.93
Long-Term Investments	-	-	0.03	-	0.22
Other Intangible Assets	1.64	1.65	1.41	1.18	0.22
Long-Term Deferred Tax Assets	-	-	-	-	6.18
Other Long-Term Assets	-	105.01	285.24	169.06	57.8
Total Assets	1,568	1,215	1,041	646.14	196.91
Accounts Payable	142.13	133.39	185.75	130	42.12
Accrued Expenses	16.67	20.81	15.05	7.4	2.85
Short-Term Debt	191.14	120.51	170.49	76.12	31.97
Current Portion of Long-Term Debt	134.58	93.64	118.72	52.47	15.82
Current Portion of Leases	2.36	6.28	6.72	7.31	3.01
Current Income Taxes Payable	6.46	4.35	6.77	1.78	1.09
Current Unearned Revenue	15.48	15.14	9.96	6.21	2.38
Other Current Liabilities	31.34	8.41	7.93	8.12	0.98
Total Current Liabilities	540.17	402.54	521.38	289.42	100.21
Long-Term Debt	382.49	180.39	59.46	56.46	16.82
Long-Term Leases	3.62	0.28	18.11	13.09	10.42
Pension & Post-Retirement Benefits	22.88	21.81	14.75	13.84	3.61
Long-Term Deferred Tax Liabilities	24.51	7.25	7.91	18.24	5.34
Total Liabilities	973.66	612.26	621.6	391.06	136.4
Common Stock	375	150	30	30	13.2
Retained Earnings	191.24	264.83	158.17	70.58	34.5
Treasury Stock	-22.28	-	-	-	-
Comprehensive Income & Other	27.94	180.61	227.82	152.7	12.16
Total Common Equity	571.9	595.44	416	253.28	59.86
Minority Interest	22.44	7.04	3.26	1.8	0.65
Shareholders' Equity	594.34	602.48	419.26	255.08	60.51
Total Liabilities & Equity	1,568	1,215	1,041	646.14	196.91
Total Debt	714.19	401.1	373.48	205.46	78.03
Net Cash (Debt)	-376.18	-136.03	-332.83	-140.95	-36.6
Net Cash Per Share	-1.00	-0.36	-0.89	-0.38	-0.10
Filing Date Shares Outstanding	375	375	375	375	375
Total Common Shares Outstanding	375	375	375	375	375
Working Capital	461.93	473.81	20.32	77.91	9.35
Book Value Per Share	1.53	1.59	1.11	0.68	0.16
Tangible Book Value	570.26	593.8	414.58	252.1	59.64
Tangible Book Value Per Share	1.52	1.58	1.11	0.67	0.16
Land	51.45	52.82	47.87	-	-
Machinery	299.08	294.54	214.75	135.66	16.28
Construction In Progress	380.52	0.9	-	-	-

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