IST:A1YEN Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	76.67	236.61	4.63	116.17	68.29
Depreciation & Amortization	122.96	109.69	70.37	46.75	32.65
Loss (Gain) on Sale of Assets	-	6.17	-	-	-
Loss (Gain) on Sale of Investments	-8.92	-	-0.08	-12.78	-6.24
Loss (Gain) on Equity Investments	-	-	-25.49	-34.98	-
Change in Accounts Receivable	-7.6	-10.34	-14.01	8.94	-6.23
Change in Inventory	10.7	-16.14	-	-	-
Change in Accounts Payable	7.08	1.81	-16.31	20.58	0.94
Change in Unearned Revenue	-	-	2.71	-1.59	0.27
Change in Other Net Operating Assets	-74.37	-35.3	-3.58	-2.44	-19.34
Other Operating Activities	-422.25	-316.47	-235.33	-169.18	-199.72
Operating Cash Flow	-295.74	-23.98	-217.09	-28.54	-129.37
Capital Expenditures	-14.87	-9.97	-520.33	-233.89	-149.54
Sale of Property, Plant & Equipment	-	2.18	-	0.75	-
Cash Acquisitions	-	-	-	-	-37.29
Sale (Purchase) of Intangibles	-	-0.8	-	-	-
Other Investing Activities	-	-	-	0	0
Investing Cash Flow	-14.87	-8.58	-520.33	-233.14	-186.83
Long-Term Debt Issued	-	-	-	2.38	4.38
Long-Term Debt Repaid	-174.61	-85.29	-130.67	-62.94	-78.37
Net Debt Issued (Repaid)	-174.61	-85.29	-130.67	-60.56	-74
Issuance of Common Stock	-	-	-	-	80
Other Financing Activities	-27.12	-35.14	25.19	-10.49	-12.99
Financing Cash Flow	-201.73	-120.43	-105.48	-71.06	-6.99
Foreign Exchange Rate Adjustments	553.31	135.78	789.64	390.04	344.56
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	40.97	-17.21	-53.26	57.31	21.38
Free Cash Flow	-310.61	-33.95	-737.42	-262.42	-278.91
Free Cash Flow Margin	-65.08%	-8.76%	-282.02%	-146.60%	-313.30%
Free Cash Flow Per Share	-0.52	-0.06	-1.23	-0.44	-0.52
Cash Interest Paid	31.59	42.87	0.63	16.98	14.38
Levered Free Cash Flow	205.46	134	-433.39	-124.66	-117.67
Unlevered Free Cash Flow	225.2	160.8	-433	-114.05	-108.69
Change in Working Capital	-64.2	-59.97	-31.2	25.49	-24.35

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