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	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
Cash & Equivalents	21.44	18.66	65.13	51.89	157.91
Cash & Short-Term Investments	21.44	18.66	65.13	51.89	157.91
Cash Growth	-14.42%	-71.35%	25.52%	-67.14%	-
Accounts Receivable	1,322	799	900.12	1,260	1,248
Other Receivables	183.82	71.98	41.08	128.36	68.68
Receivables	1,506	870.98	941.21	1,388	1,317
Inventory	3,325	2,969	2,364	2,124	1,958
Prepaid Expenses	8.94	206.27	159.71	4.19	4.85
Other Current Assets	310.53	26.94	34.97	120.49	77.91
Total Current Assets	5,172	4,091	3,565	3,689	3,516
Property, Plant & Equipment	6,283	5,131	5,096	3,453	3,403
Long-Term Investments	-	-	-	319.23	210.79
Other Intangible Assets	16.61	20.35	17.69	19.66	19.08
Long-Term Deferred Charges	7.49	5.97	1.33	1.55	1.85
Other Long-Term Assets	135.32	116.04	91.21	69.88	32.56
Total Assets	11,614	9,365	8,771	7,552	7,183
Accounts Payable	959.96	569.3	530.66	623.14	503.69
Accrued Expenses	110.59	73.48	102.28	54.57	42.45
Short-Term Debt	159.69	140.71	160.12	403.98	166.47
Current Portion of Long-Term Debt	2,038	1,795	1,107	1,640	1,570
Current Income Taxes Payable	-	-	-	1.18	-
Current Unearned Revenue	251.54	253.67	95.48	156.3	366.58
Other Current Liabilities	293.66	155.09	181.95	577.19	347.12
Total Current Liabilities	3,813	2,988	2,177	3,457	2,996
Long-Term Debt	2,243	2,065	3,002	3,311	4,636
Pension & Post-Retirement Benefits	143.9	110.42	121.11	83.32	76.89
Long-Term Deferred Tax Liabilities	888.53	847.58	756.2	730.09	690.44
Other Long-Term Liabilities	1.31	3.52	94.63	5.54	40.53
Total Liabilities	7,090	6,014	6,151	7,586	8,440
Common Stock	413	300	300	80	80
Retained Earnings	-1,370	-107.51	-747.92	-2,009	-3,129
Comprehensive Income & Other	4,053	3,158	3,068	1,895	1,792
Shareholders' Equity	4,524	3,350	2,620	-34.42	-1,257
Total Liabilities & Equity	11,614	9,365	8,771	7,552	7,183
Total Debt	4,440	4,001	4,269	5,355	6,372
Net Cash (Debt)	-4,419	-3,983	-4,204	-5,303	-6,214
Net Cash Per Share	-11.48	-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	1,359	1,104	1,387	232.18	519.43
Book Value Per Share	10.95	11.17	8.73	-0.43	-15.72
Tangible Book Value	4,508	3,330	2,602	-54.08	-1,276
Tangible Book Value Per Share	10.91	11.10	8.67	-0.68	-15.95
Land	1,798	1,434	1,343	839.07	649.46
Buildings	1,956	1,560	1,497	884.8	689.5
Machinery	3,092	2,443	2,416	1,864	2,184
Construction In Progress	141.19	108.55	61.06	39.97	30.45
Leasehold Improvements	146.58	116.86	113.53	105.96	98.12

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