IST:ADESE 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	278.56	157.26	762.38	1,810	715.84	384.82
Depreciation & Amortization	58.58	57.74	55.1	23.89	6.61	0.99
Other Amortization	0.21	0.21	0.32	1.56	3.14	0.86
Gain (Loss) on Sale of Investments	8.86	148.68	100.29	-5.16	1.55	-1.24
Income (Loss) on Equity Investments	13.43	13.29	48.77	13.31	86.24	-38.68
Operating Cash Flow	1,078	739.1	-147.69	-706.78	-398.29	-14.64
Operating Cash Flow Growth	488.13%	-	-	-	-	-
Investing Cash Flow	-214.69	-246.72	-357.33	-108.4	-66.25	-110.91
Short-Term Debt Issued	-	-	190.82	-	-	-
Long-Term Debt Issued	-	-	311.72	46.96	-	-
Total Debt Issued	-13.47	-	502.54	46.96	-	-
Short-Term Debt Repaid	-	-252.82	-	-	-	-
Long-Term Debt Repaid	-	-97.77	-16.62	-45.23	-52.85	-279.73
Total Debt Repaid	-397.99	-350.59	-16.62	-45.23	-52.85	-279.73
Net Debt Issued (Repaid)	-411.46	-350.59	485.92	1.73	-52.85	-279.73
Issuance of Common Stock	-	-	-	-	-	756
Financing Cash Flow	-499.7	-430.53	425.77	-33.27	94.02	476.28
Miscellaneous Cash Flow Adjustments	12.46	6.25	24.95	-	-	-
Net Cash Flow	375.92	68.1	-54.3	-848.46	-370.51	350.73
Cash Interest Paid	88.24	79.93	60.15	25.78	10.58	111.13
Cash Income Tax Paid	2.75	17.43	4.13	14.41	3.82	0.81
Levered Free Cash Flow	-1,867	-950.54	-3,005	-862.9	-306.11	64.97
Unlevered Free Cash Flow	-1,815	-900.58	-2,967	-846.83	-296.54	115.75
Change in Working Capital	-642.88	-1,158	-2,589	-517.13	-41.79	110.59