IST:A1CAP Cash Flow Statement

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 2019	2014 - 2018
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 '19 Dec 31, 2019	2014 - 2018
Net Income	1,719	369.89	-180	652.97	107.85	5.07	Upgrade
Depreciation & Amortization, Total	52.91	27.28	18.08	11.31	3.17	1.09	Upgrade
Gain (Loss) On Sale of Investments	-198.21	-59.78	16.89	-654.19	-7.05	0.01	Upgrade
Change in Accounts Receivable	-176.17	-928.06	-223.51	-965.78	-270.88	-53.67	Upgrade
Change in Accounts Payable	-249.92	958.96	-92.59	330.99	201.8	6.47	Upgrade
Change in Other Net Operating Assets	-324.05	-119.35	22.65	-6.05	-12.32	-1.81	Upgrade
Other Operating Activities	3,838	1,577	775.04	429.07	51.17	2.09	Upgrade
Operating Cash Flow	2,600	929.75	301.06	57.98	35.95	-34.74	Upgrade
Capital Expenditures	-99.23	-111.57	-35.34	-18.62	-26.36	-0.11	Upgrade
Sale (Purchase) of Intangibles	-1.81	-0.37	-4.94	-6	-	-0.06	Upgrade
Other Investing Activities	-	-	-	-	-	-0.49	Upgrade
Investing Cash Flow	-108.09	-103.58	-28.66	-24.62	-26.09	-0.66	Upgrade
Short-Term Debt Issued	-	500.07	-	1,320	299.31	37.39	Upgrade
Long-Term Debt Issued	-	1,175	102.44	128.91	17.74	-	Upgrade
Total Debt Issued	515.74	1,675	102.44	1,449	317.05	37.39	Upgrade
Short-Term Debt Repaid	-	-	-	-762.1	-159.77	-0.49	Upgrade
Long-Term Debt Repaid	-	-949.49	-985.23	-12.35	-66	-	Upgrade
Total Debt Repaid	-946.74	-949.49	-985.23	-774.45	-225.76	-0.49	Upgrade
Net Debt Issued (Repaid)	-431	725.38	-882.79	674.91	91.29	36.9	Upgrade
Issuance of Common Stock	-	-	1,703	-	50	11.62	Upgrade
Other Financing Activities	-1,585	-1,182	-401.17	-245.13	-29.17	-	Upgrade
Financing Cash Flow	-2,016	-456.71	419.46	429.78	112.12	48.53	Upgrade
Net Cash Flow	196.48	44.52	188.15	226.33	121.98	13.13	Upgrade
Free Cash Flow	2,500	818.18	265.72	39.36	9.59	-34.85	Upgrade
Free Cash Flow Growth	-	207.91%	575.08%	310.51%	-	-	Upgrade
Free Cash Flow Margin	12.46%	2.04%	0.97%	0.13%	0.15%	-5.90%	Upgrade
Free Cash Flow Per Share	-	1.21	0.39	0.08	0.02	-0.28	Upgrade
Cash Interest Paid	254.68	1,432	533.76	258.12	34.72	-	Upgrade
Cash Income Tax Paid	20.42	509.3	603.58	48.82	32.33	0.49	Upgrade

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