IST:SERNT 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	25.05	18.66	65.13	51.89	157.91
Cash & Short-Term Investments	25.05	18.66	65.13	51.89	157.91
Cash Growth	-61.54%	-71.35%	25.52%	-67.14%	-
Accounts Receivable	1,130	799	900.12	1,260	1,248
Other Receivables	108.51	71.98	41.08	128.36	68.68
Receivables	1,238	870.98	941.21	1,388	1,317
Inventory	3,092	2,969	2,364	2,124	1,958
Prepaid Expenses	265.13	206.27	159.71	4.19	4.85
Other Current Assets	38.11	26.94	34.97	120.49	77.91
Total Current Assets	4,659	4,091	3,565	3,689	3,516
Property, Plant & Equipment	5,636	5,131	5,096	3,453	3,403
Long-Term Investments	-	-	-	319.23	210.79
Other Intangible Assets	24.99	20.35	17.69	19.66	19.08
Long-Term Deferred Charges	-	5.97	1.33	1.55	1.85
Other Long-Term Assets	118.52	116.04	91.21	69.88	32.56
Total Assets	10,438	9,365	8,771	7,552	7,183
Accounts Payable	553.75	569.3	530.66	623.14	503.69
Accrued Expenses	87.87	73.48	102.28	54.57	42.45
Short-Term Debt	536.4	140.71	160.12	403.98	166.47
Current Portion of Long-Term Debt	1,420	1,795	1,107	1,640	1,570
Current Income Taxes Payable	-	-	-	1.18	-
Current Unearned Revenue	264.4	253.67	95.48	156.3	366.58
Other Current Liabilities	208.5	155.09	181.95	577.19	347.12
Total Current Liabilities	3,071	2,988	2,177	3,457	2,996
Long-Term Debt	1,885	2,065	3,002	3,311	4,636
Long-Term Deferred Tax Liabilities	892.9	847.58	756.2	730.09	690.44
Other Long-Term Liabilities	4.79	3.52	94.63	5.54	40.53
Total Liabilities	5,988	6,014	6,151	7,586	8,440
Common Stock	413	300	300	80	80
Retained Earnings	-609.03	-107.51	-747.92	-2,009	-3,129
Comprehensive Income & Other	4,729	3,158	3,068	1,895	1,792
Shareholders' Equity	4,450	3,350	2,620	-34.42	-1,257
Total Liabilities & Equity	10,438	9,365	8,771	7,552	7,183
Total Debt	3,841	4,001	4,269	5,355	6,372
Net Cash (Debt)	-3,816	-3,983	-4,204	-5,303	-6,214
Net Cash Per Share	-12.72	-13.28	-16.08	-66.29	-77.68
Filing Date Shares Outstanding	300	300	300	80	80
Total Common Shares Outstanding	300	300	300	80	80
Working Capital	1,588	1,104	1,387	232.18	519.43
Book Value Per Share	14.83	11.17	8.73	-0.43	-15.72
Tangible Book Value	4,425	3,330	2,602	-54.08	-1,276
Tangible Book Value Per Share	14.75	11.10	8.67	-0.68	-15.95
Land	-	1,434	1,343	839.07	649.46
Buildings	-	1,560	1,497	884.8	689.5
Machinery	-	2,443	2,416	1,864	2,184
Construction In Progress	-	108.55	61.06	39.97	30.45
Leasehold Improvements	-	116.86	113.53	105.96	98.12

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