IST:ZERGY 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	101.21	3.46	81.35
Cash & Short-Term Investments	101.21	3.46	81.35
Cash Growth	-	-95.75%	-
Accounts Receivable	676.63	528.87	-
Other Receivables	19.96	198.43	-
Receivables	696.59	727.3	-
Inventory	3,057	2,650	2,880
Other Current Assets	2,501	1,686	1,278
Total Current Assets	6,356	5,066	4,239
Long-Term Investments	0.01	0.02	0.03
Other Long-Term Assets	810.07	766.86	560.62
Total Assets	7,174	5,833	4,799
Accounts Payable	15.58	2.87	0.64
Accrued Expenses	40.11	172.86	0.66
Short-Term Debt	20.27	174.78	-
Current Portion of Long-Term Debt	317.91	128.51	-
Current Unearned Revenue	2,841	2,315	2,203
Other Current Liabilities	6.38	-	0.42
Total Current Liabilities	3,253	2,794	2,205
Long-Term Debt	552.17	62.68	-
Long-Term Unearned Revenue	2,264	2,011	1,803
Long-Term Deferred Tax Liabilities	175.32	114.38	81.38
Total Liabilities	6,246	4,983	4,090
Common Stock	510	510	250
Retained Earnings	11.51	-66.97	233.73
Comprehensive Income & Other	406.27	407.21	225.95
Shareholders' Equity	927.78	850.24	709.67
Total Liabilities & Equity	7,174	5,833	4,799
Total Debt	890.35	365.96	-
Net Cash (Debt)	-789.14	-362.5	81.35
Net Cash Per Share	-1.55	-0.71	0.33
Filing Date Shares Outstanding	510	510	250
Total Common Shares Outstanding	510	510	250
Working Capital	3,103	2,272	2,034
Book Value Per Share	1.82	1.67	2.84
Tangible Book Value	927.78	850.24	709.67
Tangible Book Value Per Share	1.82	1.67	2.84

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