IST:ACSEL 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	-23.07	-67.17	-47.32	51.67	89.08	35.06
Depreciation & Amortization	39.92	38.33	25.62	6.88	1	0.66
Asset Writedown & Restructuring Costs	1.07	1.07	12.49	14.79	-37.87	-13.39
Loss (Gain) From Sale of Investments	-	-	-0	-	-2.15	-
Other Operating Activities	51.24	35.84	49.57	-41.43	0.78	6.19
Change in Accounts Receivable	-94.56	-7.5	-106.78	-67.93	4.35	-21.57
Change in Inventory	55.37	33.94	80.81	58.07	-46.12	-21.43
Change in Accounts Payable	43.97	3.5	-5.88	61.51	0.76	14.08
Change in Unearned Revenue	2.93	5.21	-0.3	-0.95	-5.64	7.54
Change in Other Net Operating Assets	30.97	47.2	-70.42	148.47	-45.57	-1.69
Operating Cash Flow	107.85	90.43	-62.21	231.08	-41.37	5.46
Operating Cash Flow Growth	-	-	-	-	-	14.71%
Capital Expenditures	-8.84	-8.95	-18.92	-258.11	-8.86	-0.6
Sale of Property, Plant & Equipment	-	-	-	0.04	-	-
Sale (Purchase) of Intangibles	-1.45	-1.45	-0.2	-0.04	-0.02	-0.1
Sale (Purchase) of Real Estate	-	-	-	-0.32	-0.08	-0.1
Other Investing Activities	12.01	44.4	-18.17	0.05	1.81	0.36
Investing Cash Flow	1.72	34	-37.29	-258.38	-7.14	-0.44
Long-Term Debt Issued	-	64.45	224.04	66.45	44.35	-
Total Debt Issued	64.45	64.45	224.04	66.45	44.35	-
Long-Term Debt Repaid	-	-141.75	-77.23	-	-	-
Total Debt Repaid	-154.91	-141.75	-77.23	-	-	-
Net Debt Issued (Repaid)	-90.46	-77.31	146.82	66.45	44.35	-
Issuance of Common Stock	-	-	-	0.02	0.59	-
Common Dividends Paid	-	-	-2.91	-2.63	-1.29	-0.96
Other Financing Activities	-16.12	-27.03	-38.81	-38.12	-2.08	-0.27
Financing Cash Flow	-106.58	-104.33	105.09	25.73	41.57	-1.23
Foreign Exchange Rate Adjustments	-	-	-	-4.07	-	-
Miscellaneous Cash Flow Adjustments	-2.24	-2.18	1.72	-	-	-
Net Cash Flow	0.75	17.92	7.31	-5.64	-6.94	3.78
Free Cash Flow	99.01	81.48	-81.13	-27.03	-50.23	4.86
Free Cash Flow Growth	-	-	-	-	-	19.94%
Free Cash Flow Margin	13.05%	11.88%	-9.12%	-4.19%	-15.29%	4.37%
Free Cash Flow Per Share	-	7.60	-7.57	-2.52	-4.68	0.45
Cash Interest Paid	27.03	27.03	38.81	38.12	2.08	0.27
Cash Income Tax Paid	0.12	0.12	-8.37	9.36	19.06	2.9
Levered Free Cash Flow	69.28	136.63	-215.48	-293.81	-28.55	-6.77
Unlevered Free Cash Flow	100.8	173.33	-159.45	-269.99	-26.97	-6.71
Change in Working Capital	38.68	82.36	-102.57	199.17	-92.22	-23.06

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