IST:SARAE 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
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	194.62	42.86	148.19	11.97
Short-Term Investments	74.56	18.72	0.61	-
Cash & Short-Term Investments	269.18	61.58	148.8	11.97
Cash Growth	-	-58.62%	1143.45%	-
Accounts Receivable	4,756	3,401	3,559	3,692
Other Receivables	730.12	590.43	76.99	257.44
Receivables	5,486	3,992	3,636	3,950
Inventory	7,191	6,126	4,586	6,164
Prepaid Expenses	43.21	12.11	27.09	229.35
Other Current Assets	481.21	167.62	111.36	419.22
Total Current Assets	13,470	10,360	8,509	10,775
Property, Plant & Equipment	6,380	5,843	6,114	1,383
Other Intangible Assets	292.33	222.71	165.21	104.64
Long-Term Deferred Tax Assets	-	1,253	1,872	2,794
Other Long-Term Assets	92.64	169.94	86.27	156.3
Total Assets	20,236	17,849	16,747	15,212
Accounts Payable	2,143	1,306	1,373	2,645
Accrued Expenses	109.51	84.14	223.09	438.51
Short-Term Debt	4,568	3,718	1,198	2,806
Current Portion of Long-Term Debt	1,911	1,799	2,977	1,641
Current Portion of Leases	-	10.35	22.03	17.7
Current Income Taxes Payable	-	17.76	0.03	-
Current Unearned Revenue	1,051	527.47	378.18	1,498
Other Current Liabilities	315.4	210.07	70.23	681.54
Total Current Liabilities	10,098	7,673	6,243	9,728
Long-Term Debt	1,406	845.63	945.85	1,525
Long-Term Leases	-	32.72	33.5	14.33
Long-Term Unearned Revenue	-	-	10.02	-
Pension & Post-Retirement Benefits	33.59	32.62	62.86	48.7
Long-Term Deferred Tax Liabilities	899.3	2,600	3,142	3,071
Other Long-Term Liabilities	15.55	26.22	37.21	-0
Total Liabilities	12,452	11,211	10,474	14,386
Common Stock	400	400	100	50
Retained Earnings	3,240	2,390	2,418	707.23
Comprehensive Income & Other	4,143	3,848	3,754	68.36
Shareholders' Equity	7,783	6,638	6,273	825.59
Total Liabilities & Equity	20,236	17,849	16,747	15,212
Total Debt	7,885	6,406	5,177	6,004
Net Cash (Debt)	-7,616	-6,344	-5,028	-5,992
Net Cash Growth	-	-	-	-
Net Cash Per Share	-19.04	-15.86	-50.28	-119.84
Filing Date Shares Outstanding	400	400	100	50
Total Common Shares Outstanding	400	400	100	50
Working Capital	3,372	2,686	2,267	1,047
Book Value Per Share	19.46	16.60	62.73	16.51
Tangible Book Value	7,491	6,415	6,107	720.95
Tangible Book Value Per Share	18.73	16.04	61.07	14.42
Land	1,121	1,047	1,074	1.66
Buildings	1,804	1,686	1,686	798.68
Machinery	5,764	5,218	5,246	2,384
Construction In Progress	243.88	121.22	142.24	35.99
Leasehold Improvements	10.95	13.52	13.52	13.52