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
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
Net Income	1,784	369.89	-180	652.97	107.85	5.07
Depreciation & Amortization, Total	45.45	27.28	18.08	11.31	3.17	1.09
Gain (Loss) On Sale of Investments	-1,618	-59.78	16.89	-654.19	-7.05	0.01
Change in Accounts Receivable	-2,943	-928.06	-223.51	-965.78	-270.88	-53.67
Change in Accounts Payable	2,556	958.96	-92.59	330.99	201.8	6.47
Change in Other Net Operating Assets	-411.71	-119.35	22.65	-6.05	-12.32	-1.81
Other Operating Activities	3,855	1,577	775.04	429.07	51.17	2.09
Operating Cash Flow	2,635	929.75	301.06	57.98	35.95	-34.74
Capital Expenditures	-95.87	-111.57	-35.34	-18.62	-26.36	-0.11
Sale (Purchase) of Intangibles	-1.81	-0.37	-4.94	-6	-	-0.06
Other Investing Activities	-	-	-	-	-	-0.49
Investing Cash Flow	-104.86	-103.58	-28.66	-24.62	-26.09	-0.66
Short-Term Debt Issued	-	500.07	-	1,320	299.31	37.39
Long-Term Debt Issued	-	1,175	102.44	128.91	17.74	-
Total Debt Issued	383.68	1,675	102.44	1,449	317.05	37.39
Short-Term Debt Repaid	-	-	-	-762.1	-159.77	-0.49
Long-Term Debt Repaid	-	-949.49	-985.23	-12.35	-66	-
Total Debt Repaid	-949.49	-949.49	-985.23	-774.45	-225.76	-0.49
Net Debt Issued (Repaid)	-565.81	725.38	-882.79	674.91	91.29	36.9
Issuance of Common Stock	-	-	1,703	-	50	11.62
Other Financing Activities	-1,481	-1,182	-401.17	-245.13	-29.17	-
Financing Cash Flow	-2,046	-456.71	419.46	429.78	112.12	48.53
Net Cash Flow	228.63	44.52	188.15	226.33	121.98	13.13
Free Cash Flow	2,539	818.18	265.72	39.36	9.59	-34.85
Free Cash Flow Growth	-	207.91%	575.08%	310.51%	-	-
Free Cash Flow Margin	15.68%	2.04%	0.97%	0.13%	0.15%	-5.90%
Free Cash Flow Per Share	3.76	1.21	0.39	0.08	0.02	-0.28
Cash Interest Paid	1,681	1,432	533.76	258.12	34.72	-
Cash Income Tax Paid	431.91	509.3	603.58	48.82	32.33	0.49

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