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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2,017	3,824	484.15	-180	652.97	107.85
Depreciation & Amortization, Total	65.72	59.17	35.7	18.08	11.31	3.17
Gain (Loss) On Sale of Investments	-3,974	-3,974	-78.24	16.89	-654.19	-7.05
Change in Accounts Receivable	-2,835	-2,835	-1,215	-223.51	-965.78	-270.88
Change in Accounts Payable	772.32	2,388	1,255	-92.59	330.99	201.8
Change in Other Net Operating Assets	-486.69	-1,231	-156.23	22.65	-6.05	-12.32
Other Operating Activities	5,285	4,960	2,064	775.04	429.07	51.17
Operating Cash Flow	1,525	2,732	1,217	301.06	57.98	35.95
Capital Expenditures	-11.69	-12.01	-146.03	-35.34	-18.62	-26.36
Sale (Purchase) of Intangibles	-3.2	-3.2	-0.49	-4.94	-6	-
Investing Cash Flow	-14.89	-15.21	-135.57	-28.66	-24.62	-26.09
Short-Term Debt Issued	-	-	-	-	1,320	299.31
Long-Term Debt Issued	-	-	949.47	102.44	128.91	17.74
Total Debt Issued	-	-	949.47	102.44	1,449	317.05
Short-Term Debt Repaid	-	-	-	-	-762.1	-159.77
Long-Term Debt Repaid	-	-343.18	-	-985.23	-12.35	-66
Total Debt Repaid	-108.45	-343.18	-	-985.23	-774.45	-225.76
Net Debt Issued (Repaid)	-108.45	-343.18	949.47	-882.79	674.91	91.29
Issuance of Common Stock	-	-	-	1,703	-	50
Other Financing Activities	-1,596	-1,788	-1,547	-401.17	-245.13	-29.17
Financing Cash Flow	-1,705	-2,131	-597.8	419.46	429.78	112.12
Net Cash Flow	-559.38	245.52	58.27	188.15	226.33	121.98
Free Cash Flow	1,513	2,720	1,071	265.72	39.36	9.59
Free Cash Flow Growth	-26.83%	153.98%	303.03%	575.08%	310.51%	-
Free Cash Flow Margin	5.49%	10.08%	2.04%	0.97%	0.13%	0.15%
Free Cash Flow Per Share	2.24	4.03	1.59	0.39	0.08	0.02
Cash Interest Paid	2,081	2,081	1,874	533.76	258.12	34.72
Cash Income Tax Paid	737.14	737.14	666.64	603.58	48.82	32.33

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