IST:ADGYO 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	669.47	1,198	553.32	1,076	53.17	595.16
Depreciation & Amortization	2.47	2.43	1.58	0.3	0.07	0.01
Loss (Gain) From Sale of Assets	13.55	-	-1.08	-	-	-
Asset Writedown & Restructuring Costs	-1,367	-1,131	-335.7	-206.05	-74.82	-760.56
Other Operating Activities	-827.58	253.35	-124.96	-254.7	24.57	166.67
Change in Accounts Receivable	12.12	23.55	-7.27	-4.7	-4.05	-0.05
Change in Inventory	2,651	126.17	-352.62	-345.43	-70.69	-86.06
Change in Accounts Payable	8.33	-3.21	-82.85	-45.07	18.26	117.27
Change in Unearned Revenue	9.08	-16.09	-8.44	-97.46	42.44	-0.18
Change in Other Net Operating Assets	-361.03	-162.71	141.75	141.89	-271.7	515.28
Operating Cash Flow	810.42	291.16	-216.26	264.36	-282.75	547.54
Capital Expenditures	-1.18	-0.05	-31.29	-0.06	-0.17	-4.07
Sale of Property, Plant & Equipment	-	-	7.11	-	-	-
Sale (Purchase) of Intangibles	-0.1	-0.1	-	-	-	-
Sale (Purchase) of Real Estate	-1,906	-1,856	20.02	-	-	-541.62
Other Investing Activities	2.87	58.89	-	18.5	-	-
Investing Cash Flow	-1,904	-1,797	-4.16	18.43	-0.17	-545.69
Short-Term Debt Issued	-	-	-	432.14	120	-
Long-Term Debt Issued	-	18.93	-	-	-	-
Total Debt Issued	-4.81	18.93	-	432.14	120	-
Short-Term Debt Repaid	-	-	-	-581.89	-	-
Long-Term Debt Repaid	-	-18.35	-	-	-	-
Total Debt Repaid	4.67	-18.35	-	-581.89	-	-
Net Debt Issued (Repaid)	-0.15	0.58	-	-149.75	120	-
Issuance of Common Stock	-	-	2,625	-	200	-
Repurchase of Common Stock	-360.16	-619.93	-	-	-	-
Other Financing Activities	95.99	126.89	124.88	-62.6	-6.12	-
Financing Cash Flow	-264.32	-492.46	2,750	-212.35	313.88	-
Net Cash Flow	-3.67	-1,998	2,529	70.45	30.96	1.85
Free Cash Flow	809.24	291.11	-247.55	264.3	-282.93	543.47
Free Cash Flow Margin	115.29%	50.21%	-34.96%	23.83%	-2664.66%	3746.03%
Free Cash Flow Per Share	2.75	0.99	-0.84	0.90	-1.29	-
Cash Interest Paid	0.5	0.99	0.62	64.88	6.12	-
Levered Free Cash Flow	1,337	240.07	-592.92	-667.77	-289.45	-
Unlevered Free Cash Flow	1,337	240.69	-590.85	-625.59	-283.63	-
Change in Working Capital	2,320	-32.29	-309.43	-350.77	-285.74	546.26

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