IST:SERNT 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	57.07	62.04	24.43	65.13	51.89	157.91
Cash & Short-Term Investments	57.07	62.04	24.43	65.13	51.89	157.91
Cash Growth	127.83%	153.98%	-62.49%	25.52%	-67.14%	-
Accounts Receivable	1,580	1,608	1,046	900.12	1,260	1,248
Other Receivables	197.23	152.96	94.22	41.08	128.36	68.68
Receivables	1,777	1,761	1,140	941.21	1,388	1,317
Inventory	3,403	3,343	3,886	2,364	2,124	1,958
Prepaid Expenses	549.21	4.58	3.64	159.71	4.19	4.85
Other Current Assets	49.95	315.92	301.62	34.97	120.49	77.91
Total Current Assets	5,836	5,487	5,355	3,565	3,689	3,516
Property, Plant & Equipment	7,507	6,806	6,716	5,096	3,453	3,403
Long-Term Investments	-	-	-	-	319.23	210.79
Other Intangible Assets	22.89	15.13	26.64	17.69	19.66	19.08
Long-Term Deferred Charges	-	7.81	7.81	1.33	1.55	1.85
Other Long-Term Assets	173.46	157.72	151.89	91.21	69.88	32.56
Total Assets	13,540	12,473	12,258	8,771	7,552	7,183
Accounts Payable	825.27	665.62	745.16	530.66	623.14	503.69
Accrued Expenses	150.98	175.63	96.18	102.28	54.57	42.45
Short-Term Debt	274.34	127.6	184.18	160.12	403.98	166.47
Current Portion of Long-Term Debt	1,840	1,951	2,350	1,107	1,640	1,570
Current Income Taxes Payable	-	-	-	-	1.18	-
Current Unearned Revenue	857.11	669.98	332.04	95.48	156.3	366.58
Other Current Liabilities	313.23	229.12	203	181.95	577.19	347.12
Total Current Liabilities	4,261	3,819	3,911	2,177	3,457	2,996
Long-Term Debt	3,044	2,873	2,703	3,002	3,311	4,636
Pension & Post-Retirement Benefits	-	140.5	144.53	121.11	83.32	76.89
Long-Term Deferred Tax Liabilities	1,445	1,199	1,109	756.2	730.09	690.44
Other Long-Term Liabilities	228.43	3.21	4.61	94.63	5.54	40.53
Total Liabilities	8,978	8,035	7,872	6,151	7,586	8,440
Common Stock	413	413	300	300	80	80
Additional Paid-In Capital	1,638	1,488	-	-	-	-
Retained Earnings	-2,298	-1,797	-140.72	-747.92	-2,009	-3,129
Comprehensive Income & Other	4,809	4,334	4,226	3,068	1,895	1,792
Shareholders' Equity	4,561	4,438	4,385	2,620	-34.42	-1,257
Total Liabilities & Equity	13,540	12,473	12,258	8,771	7,552	7,183
Total Debt	5,158	4,952	5,238	4,269	5,355	6,372
Net Cash (Debt)	-5,101	-4,890	-5,213	-4,204	-5,303	-6,214
Net Cash Per Share	-12.35	-12.39	-13.28	-16.08	-66.29	-77.68
Filing Date Shares Outstanding	413	413	300	300	80	80
Total Common Shares Outstanding	413	413	300	300	80	80
Working Capital	1,576	1,668	1,445	1,387	232.18	519.43
Book Value Per Share	11.04	10.75	14.62	8.73	-0.43	-15.72
Tangible Book Value	4,538	4,423	4,359	2,602	-54.08	-1,276
Tangible Book Value Per Share	10.99	10.71	14.53	8.67	-0.68	-15.95
Land	-	1,793	1,877	1,343	839.07	649.46
Buildings	-	2,184	2,042	1,497	884.8	689.5
Machinery	-	3,235	3,198	2,416	1,864	2,184
Construction In Progress	-	353.41	142.08	61.06	39.97	30.45
Leasehold Improvements	-	154.24	152.96	113.53	105.96	98.12