IST:ADGYO 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	-606.44	1,568	553.32	1,076	53.17
Depreciation & Amortization	4.13	3.18	1.58	0.3	0.07
Loss (Gain) From Sale of Assets	-	-	-1.08	-	-
Asset Writedown & Restructuring Costs	133.46	-1,480	-335.7	-206.05	-74.82
Other Operating Activities	1,668	1,992	-124.96	-254.7	24.57
Change in Accounts Receivable	-293.48	30.82	-7.27	-4.7	-4.05
Change in Inventory	-297.07	165.14	-352.62	-345.43	-70.69
Change in Accounts Payable	201.76	-4.2	-82.85	-45.07	18.26
Change in Unearned Revenue	25.69	-21.06	-8.44	-97.46	42.44
Change in Other Net Operating Assets	476.77	-212.93	141.75	141.89	-271.7
Operating Cash Flow	1,313	2,041	-216.26	264.36	-282.75
Operating Cash Flow Growth	-35.66%	-	-	-	-
Capital Expenditures	-62.57	-0.07	-31.29	-0.06	-0.17
Sale of Property, Plant & Equipment	-	-	7.11	-	-
Cash Acquisitions	-1,065	-	-	-	-
Sale (Purchase) of Intangibles	-	-0.13	-	-	-
Sale (Purchase) of Real Estate	54.05	-2,429	20.02	-	-
Other Investing Activities	41.48	77.08	-	18.5	-
Investing Cash Flow	-1,032	-2,352	-4.16	18.43	-0.17
Short-Term Debt Issued	-	-	-	432.14	120
Long-Term Debt Issued	-	24.77	-	-	-
Total Debt Issued	-	24.77	-	432.14	120
Short-Term Debt Repaid	-	-	-	-581.89	-
Long-Term Debt Repaid	-	-24.01	-	-	-
Total Debt Repaid	-	-24.01	-	-581.89	-
Net Debt Issued (Repaid)	-	0.76	-	-149.75	120
Issuance of Common Stock	-	-	2,625	-	200
Repurchase of Common Stock	-206.78	-811.44	-	-	-
Other Financing Activities	14.16	202.79	124.88	-62.6	-6.12
Financing Cash Flow	-192.62	-607.89	2,750	-212.35	313.88
Foreign Exchange Rate Adjustments	-233.24	-1,697	-	-	-
Net Cash Flow	-144.29	-2,615	2,529	70.45	30.96
Free Cash Flow	1,251	2,041	-247.55	264.3	-282.93
Free Cash Flow Growth	-38.73%	-	-	-	-
Free Cash Flow Margin	154.91%	268.94%	-34.96%	23.83%	-2664.66%
Free Cash Flow Per Share	2.29	3.74	-0.84	0.90	-1.29
Cash Interest Paid	0.16	0.67	0.62	64.88	6.12
Cash Income Tax Paid	25.65	-	-	-	-
Levered Free Cash Flow	-3,042	-321.59	-592.92	-667.77	-289.45
Unlevered Free Cash Flow	-3,042	-320.99	-590.85	-625.59	-283.63
Change in Working Capital	113.68	-42.22	-309.43	-350.77	-285.74

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