Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S. (IST:SMRTG)

IST:SMRTG Balance Sheet

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	888.13	1,572	612.64	847.12	395.85	23.73
Short-Term Investments	-	-	26.84	349.72	88.66	-
Cash & Short-Term Investments	888.13	1,572	639.48	1,197	484.51	23.73
Cash Growth	22.70%	145.82%	-46.57%	147.02%	1941.38%	-8.25%
Accounts Receivable	4,096	3,678	4,013	3,656	1,673	365.45
Other Receivables	1,663	887.61	802.45	561.92	90.4	107.7
Receivables	5,759	4,565	4,816	4,218	1,763	473.15
Inventory	2,829	2,307	2,957	2,848	780.94	193.16
Prepaid Expenses	5,849	102.51	640.93	180.13	558.9	17.52
Other Current Assets	528.06	4,816	4,883	1,843	53.85	5.1
Total Current Assets	15,852	13,362	13,937	10,286	3,641	712.66
Property, Plant & Equipment	11,923	10,886	7,238	3,071	640	87.08
Other Intangible Assets	27.49	17.3	20.04	20.71	4.31	1.05
Long-Term Deferred Tax Assets	459.29	769.22	1,410	341.38	-	15.61
Long-Term Deferred Charges	-	9.36	9.36	7.15	4.53	1.15
Other Long-Term Assets	365.66	303.44	242.5	1,506	4	0.78
Total Assets	28,628	25,348	22,857	15,233	4,294	818.33
Accounts Payable	5,403	3,996	5,832	3,403	1,145	231.22
Accrued Expenses	491.77	368.82	1,147	201.55	26.13	26.06
Short-Term Debt	4,990	5,654	3,119	1,980	326.17	114.08
Current Portion of Long-Term Debt	1,321	1,331	1,495	443.78	1.01	7.39
Current Portion of Leases	93.4	287.52	266.43	246.15	102.28	20.43
Current Income Taxes Payable	-	-	-	-	1.8	5.36
Current Unearned Revenue	6,171	5,443	2,888	2,953	1,045	158.81
Other Current Liabilities	32.96	56.47	6.03	5.92	21.39	15.73
Total Current Liabilities	18,504	17,138	14,753	9,234	2,668	579.08
Long-Term Debt	4,816	3,023	3,136	2,469	-	5.97
Long-Term Leases	203.36	534.08	341.65	439.27	179.9	29.89
Pension & Post-Retirement Benefits	60.57	28.81	27.06	18.27	7.8	2.78
Long-Term Deferred Tax Liabilities	-	-	-	-	6.6	-
Total Liabilities	23,584	20,724	18,257	12,160	2,862	617.72
Common Stock	1,818	605.88	605.88	605.88	306	127.5
Additional Paid-In Capital	499.09	788.68	788.68	602.54	512.82	-
Retained Earnings	2,271	2,007	2,442	1,424	244.94	83.86
Treasury Stock	-58.78	-53.41	-53.41	-36.95	-	-
Comprehensive Income & Other	534.08	1,285	815.66	469.2	378.52	-17.91
Total Common Equity	5,063	4,634	4,599	3,065	1,442	193.45
Minority Interest	-18.39	-10.1	0.76	7.76	-10.13	7.16
Shareholders' Equity	5,044	4,624	4,599	3,073	1,432	200.61
Total Liabilities & Equity	28,628	25,348	22,857	15,233	4,294	818.33
Total Debt	11,424	10,830	8,358	5,578	609.37	177.76
Net Cash (Debt)	-10,536	-9,258	-7,718	-4,381	-124.86	-154.03
Net Cash Per Share	-	-5.09	-4.25	-3.59	-0.09	-0.10
Filing Date Shares Outstanding	-	1,816	1,816	1,816	1,818	1,515
Total Common Shares Outstanding	-	1,816	1,816	1,816	1,818	1,515
Working Capital	-2,652	-3,776	-816	1,052	973.6	133.57
Book Value Per Share	-	2.55	2.53	1.69	0.79	0.13
Tangible Book Value	5,035	4,617	4,579	3,044	1,438	192.4
Tangible Book Value Per Share	-	2.54	2.52	1.68	0.79	0.13
Land	-	1,008	329.03	109.78	76.03	1.47
Machinery	-	8,385	2,847	1,282	486.49	96.03
Construction In Progress	-	569.1	2,675	1,626	53.06	0.16
Leasehold Improvements	-	1,855	1,789	116.37	73.82	15.76

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