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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	38.87	18.66	65.13	51.89	157.91
Cash & Short-Term Investments	38.87	18.66	65.13	51.89	157.91
Cash Growth	17.36%	-71.35%	25.52%	-67.14%	-
Accounts Receivable	1,277	799	900.12	1,260	1,248
Other Receivables	91.53	71.98	41.08	128.36	68.68
Receivables	1,368	870.98	941.21	1,388	1,317
Inventory	3,430	2,969	2,364	2,124	1,958
Prepaid Expenses	10.54	206.27	159.71	4.19	4.85
Other Current Assets	332.89	26.94	34.97	120.49	77.91
Total Current Assets	5,181	4,091	3,565	3,689	3,516
Property, Plant & Equipment	5,904	5,131	5,096	3,453	3,403
Long-Term Investments	-	-	-	319.23	210.79
Other Intangible Assets	18.74	20.35	17.69	19.66	19.08
Long-Term Deferred Charges	6.96	5.97	1.33	1.55	1.85
Other Long-Term Assets	126.08	116.04	91.21	69.88	32.56
Total Assets	11,236	9,365	8,771	7,552	7,183
Accounts Payable	618.5	569.3	530.66	623.14	503.69
Accrued Expenses	73.87	73.48	102.28	54.57	42.45
Short-Term Debt	35.21	140.71	160.12	403.98	166.47
Current Portion of Long-Term Debt	1,429	1,795	1,107	1,640	1,570
Current Income Taxes Payable	-	-	-	1.18	-
Current Unearned Revenue	307.14	253.67	95.48	156.3	366.58
Other Current Liabilities	302.04	155.09	181.95	577.19	347.12
Total Current Liabilities	2,766	2,988	2,177	3,457	2,996
Long-Term Debt	2,839	2,065	3,002	3,311	4,636
Long-Term Deferred Tax Liabilities	1,007	847.58	756.2	730.09	690.44
Other Long-Term Liabilities	1.47	3.52	94.63	5.54	40.53
Total Liabilities	6,756	6,014	6,151	7,586	8,440
Common Stock	413	300	300	80	80
Retained Earnings	-1,003	-107.51	-747.92	-2,009	-3,129
Comprehensive Income & Other	3,742	3,158	3,068	1,895	1,792
Shareholders' Equity	4,481	3,350	2,620	-34.42	-1,257
Total Liabilities & Equity	11,236	9,365	8,771	7,552	7,183
Total Debt	4,304	4,001	4,269	5,355	6,372
Net Cash (Debt)	-4,265	-3,983	-4,204	-5,303	-6,214
Net Cash Per Share	-14.22	-13.28	-16.08	-66.29	-77.68
Filing Date Shares Outstanding	413	300	300	80	80
Total Common Shares Outstanding	413	300	300	80	80
Working Capital	2,415	1,104	1,387	232.18	519.43
Book Value Per Share	10.85	11.17	8.73	-0.43	-15.72
Tangible Book Value	4,462	3,330	2,602	-54.08	-1,276
Tangible Book Value Per Share	10.80	11.10	8.67	-0.68	-15.95
Land	1,673	1,434	1,343	839.07	649.46
Buildings	1,820	1,560	1,497	884.8	689.5
Machinery	2,875	2,443	2,416	1,864	2,184
Construction In Progress	130.01	108.55	61.06	39.97	30.45
Leasehold Improvements	136.35	116.86	113.53	105.96	98.12

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