IST:A1YEN 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 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
Net Income	59.86	236.61	4.63	116.17	68.29	29.67
Depreciation & Amortization	121.02	109.69	70.37	46.75	32.65	21.48
Loss (Gain) on Sale of Assets	19.62	6.17	-	-	-	-
Loss (Gain) on Sale of Investments	-2.43	-	-0.08	-12.78	-6.24	-
Loss (Gain) on Equity Investments	-	-	-25.49	-34.98	-	-
Change in Accounts Receivable	-13.05	-10.34	-14.01	8.94	-6.23	-4.1
Change in Inventory	4.7	-16.14	-	-	-	-
Change in Accounts Payable	3.64	1.81	-16.31	20.58	0.94	-0.18
Change in Unearned Revenue	-0	-	2.71	-1.59	0.27	0.11
Change in Other Net Operating Assets	12.97	-35.3	-3.58	-2.44	-19.34	-70.26
Other Operating Activities	-422.85	-316.47	-235.33	-169.18	-199.72	94.03
Operating Cash Flow	-216.52	-23.98	-217.09	-28.54	-129.37	70.76
Operating Cash Flow Growth	-	-	-	-	-	-81.74%
Capital Expenditures	-19.79	-9.97	-520.33	-233.89	-149.54	-183.48
Sale of Property, Plant & Equipment	-4.03	2.18	-	0.75	-	-
Cash Acquisitions	-	-	-	-	-37.29	-0.03
Sale (Purchase) of Intangibles	-0.54	-0.8	-	-	-	-
Other Investing Activities	-	-	-	0	0	-
Investing Cash Flow	-103.68	-8.58	-520.33	-233.14	-186.83	-183.51
Long-Term Debt Issued	-	-	-	2.38	4.38	33.08
Long-Term Debt Repaid	-	-85.29	-130.67	-62.94	-78.37	-
Net Debt Issued (Repaid)	-180.61	-85.29	-130.67	-60.56	-74	33.08
Issuance of Common Stock	-	-	-	-	80	44.98
Other Financing Activities	-44.76	-35.14	25.19	-10.49	-12.99	8.06
Financing Cash Flow	-225.37	-120.43	-105.48	-71.06	-6.99	86.12
Foreign Exchange Rate Adjustments	550.69	135.78	789.64	390.04	344.56	27.05
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-	-
Net Cash Flow	5.12	-17.21	-53.26	57.31	21.38	0.42
Free Cash Flow	-236.31	-33.95	-737.42	-262.42	-278.91	-112.72
Free Cash Flow Margin	-53.33%	-8.76%	-282.02%	-146.60%	-313.30%	-173.03%
Free Cash Flow Per Share	-4.30	-0.62	-13.41	-4.77	-5.67	-
Cash Interest Paid	55.05	42.87	0.63	16.98	14.38	-
Levered Free Cash Flow	245.53	134	-433.39	-124.66	-117.67	-154.24
Unlevered Free Cash Flow	279.93	160.8	-433	-114.05	-108.69	-148.15
Change in Working Capital	8.26	-59.97	-31.2	25.49	-24.35	-74.42

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