IST:ENERY 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	FY 2020
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	Dec '20 Dec 31, 2020
Cash & Equivalents	6,313	4,457	6,308	1,825	268.97	243.38
Accounts Receivable	1,333	4,014	3,403	4,156	835.9	441.79
Other Receivables	9.46	9.8	22.05	41.17	444.62	5.76
Inventory	209.44	244.61	118.47	122.25	22	12.65
Prepaid Expenses	49.19	430.03	110.74	123.7	17.01	15.15
Other Current Assets	342.08	503.29	494.88	200.51	43.51	36.15
Total Current Assets	8,256	9,659	10,457	6,469	1,632	754.89
Property, Plant & Equipment	77,865	44,575	40,789	17,704	1,379	1,164
Other Intangible Assets	1,323	1,115	457.4	286.04	61.71	45.58
Long-Term Investments	4,798	3,597	740.96	-	-	-
Long-Term Deferred Tax Assets	1,298	508.42	2,082	556.47	481.28	226.89
Other Long-Term Assets	1,298	1,204	0.75	0.74	1.39	11.27
Total Assets	94,839	60,658	54,526	25,016	3,556	2,203
Accounts Payable	2,508	4,288	3,807	4,302	886.91	494.5
Accrued Expenses	151.21	163.5	95.04	68.16	16.87	13.77
Short-Term Debt	3,255	2,424	1,568	777.6	115.07	40
Current Portion of Long-Term Debt	10.74	23.57	41.2	35.48	1.48	142.84
Current Unearned Revenue	1,032	708.96	604.85	352.17	54.73	41.39
Current Portion of Leases	57.07	22.63	11.94	10.69	3.91	6.02
Current Income Taxes Payable	639.21	573.73	202.27	-	5.17	0.09
Other Current Liabilities	8,728	6,821	6,277	4,112	1,300	990.64
Total Current Liabilities	16,381	15,025	12,607	9,765	2,385	1,729
Long-Term Debt	-	7.12	42.98	59.96	807.08	389.7
Long-Term Leases	160.51	44.74	29.28	24.92	6.75	8.67
Long-Term Unearned Revenue	8,927	6,716	6,308	4,018	676.04	557.21
Pension & Post-Retirement Benefits	169.19	113.03	100.03	46.21	15.45	9.7
Long-Term Deferred Tax Liabilities	9,041	5,343	6,536	837.6	3.78	5.48
Other Long-Term Liabilities	2.84	2.34	10	9.45	-	0.1
Total Liabilities	34,682	27,251	25,633	14,761	3,894	2,700
Common Stock	9,000	145	145	120	120	120
Additional Paid-In Capital	1,838	3,604	3,604	-	-	-
Retained Earnings	10,964	9,015	6,159	2,052	-443.34	-577.37
Treasury Stock	-1,430	-322.74	-19.65	-	-	-
Comprehensive Income & Other	27,989	14,004	12,453	5,971	-2.1	-9.72
Total Common Equity	48,361	26,445	22,341	8,143	-325.45	-467.09
Minority Interest	11,795	6,962	6,551	2,112	-12.68	-30.43
Shareholders' Equity	60,156	33,407	28,893	10,255	-338.12	-497.52
Total Liabilities & Equity	94,839	60,658	54,526	25,016	3,556	2,203
Total Debt	3,483	2,522	1,693	908.64	934.29	587.23
Net Cash (Debt)	2,830	1,935	4,614	916.61	-665.32	-343.84
Net Cash Growth	-	-58.07%	403.42%	-	-	-
Net Cash Per Share	0.31	0.21	0.58	0.12	-0.09	-0.05
Filing Date Shares Outstanding	9,000	9,000	9,015	7,448	7,448	7,448
Total Common Shares Outstanding	9,000	9,000	9,015	7,448	7,448	7,448
Working Capital	-8,125	-5,366	-2,150	-3,296	-752.59	-974.36
Book Value Per Share	5.37	2.94	2.48	1.09	-0.04	-0.06
Tangible Book Value	47,039	25,329	21,884	7,857	-387.16	-512.67
Tangible Book Value Per Share	5.23	2.81	2.43	1.05	-0.05	-0.07
Land	0.85	0.68	0.68	0.47	0.3	0.3
Machinery	1,360	972.83	780.68	484.78	57.11	44.02
Construction In Progress	507.19	8.83	-	-	-	-

Source: S&P Capital IQ. Utility template. Financial Sources.