IST:SANFM 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	367.25	201.33	36.61	63.36	41.43	31.17
Short-Term Investments	-	1.18	4.05	1.15	-	-
Cash & Short-Term Investments	367.25	202.51	40.65	64.51	41.43	31.17
Cash Growth	179.97%	398.14%	-36.98%	55.70%	32.92%	435.21%
Accounts Receivable	318.26	192.83	246.94	149.95	40.51	31.9
Other Receivables	9.8	6.73	30.2	17.19	0.93	0.37
Receivables	328.06	199.56	277.14	167.14	41.44	32.27
Inventory	418.85	237.62	198.88	118.02	18.41	7.61
Prepaid Expenses	4.49	0.09	2.02	0.46	0.89	0.3
Other Current Assets	28.44	29.74	23.01	17.19	7.38	4.12
Total Current Assets	1,147	669.52	541.7	367.33	109.56	75.47
Property, Plant & Equipment	305.42	177.05	212.48	108.57	22.93	19.39
Long-Term Investments	-	-	0.03	-	0.22	-
Other Intangible Assets	1.47	1.26	1.41	1.18	0.22	0.2
Long-Term Deferred Tax Assets	-	-	-	-	6.18	4.59
Other Long-Term Assets	182.51	80.22	285.24	169.06	57.8	33.81
Total Assets	1,636	928.05	1,041	646.14	196.91	133.46
Accounts Payable	178.71	101.91	185.75	130	42.12	26.29
Accrued Expenses	16.01	15.9	15.05	7.4	2.85	1.33
Short-Term Debt	226.56	92.07	170.49	76.12	31.97	30.82
Current Portion of Long-Term Debt	-	71.54	118.72	52.47	15.82	6.06
Current Portion of Leases	3.56	4.8	6.72	7.31	3.01	3.04
Current Income Taxes Payable	9.59	3.33	6.77	1.78	1.09	0.55
Current Unearned Revenue	24.5	11.57	9.96	6.21	2.38	0.77
Other Current Liabilities	69.9	6.42	7.93	8.12	0.98	0.75
Total Current Liabilities	528.83	307.53	521.38	289.42	100.21	69.61
Long-Term Debt	484.18	137.82	59.46	56.46	16.82	21.06
Long-Term Leases	3.4	0.21	18.11	13.09	10.42	7.34
Pension & Post-Retirement Benefits	22.52	16.66	14.75	13.84	3.61	2.6
Long-Term Deferred Tax Liabilities	25.02	5.54	7.91	18.24	5.34	4.76
Total Liabilities	1,064	467.76	621.6	391.06	136.4	105.38
Common Stock	375	150	30	30	13.2	13.2
Retained Earnings	207.17	202.33	158.17	70.58	34.5	3.69
Treasury Stock	-21.35	-	-	-	-	-
Comprehensive Income & Other	1.25	102.58	227.82	152.7	12.16	11.22
Total Common Equity	562.08	454.91	416	253.28	59.86	28.11
Minority Interest	10.47	5.38	3.26	1.8	0.65	-0.02
Shareholders' Equity	572.55	460.29	419.26	255.08	60.51	28.08
Total Liabilities & Equity	1,636	928.05	1,041	646.14	196.91	133.46
Total Debt	717.69	306.44	373.48	205.46	78.03	68.32
Net Cash (Debt)	-350.44	-103.93	-332.83	-140.95	-36.6	-37.15
Net Cash Per Share	-0.93	-0.28	-0.89	-0.38	-0.10	-0.10
Filing Date Shares Outstanding	149.97	375	375	375	375	375
Total Common Shares Outstanding	149.97	375	375	375	375	375
Working Capital	618.27	361.98	20.32	77.91	9.35	5.86
Book Value Per Share	3.75	1.21	1.11	0.68	0.16	0.07
Tangible Book Value	560.6	453.65	414.58	252.1	59.64	27.9
Tangible Book Value Per Share	3.74	1.21	1.11	0.67	0.16	0.07
Land	51.69	40.35	47.87	-	-	-
Machinery	279.73	225.03	214.75	135.66	16.28	13.56

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.