IST:AGESA 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	4,976	2,871	1,390	874.58	451.81	294.95
Depreciation & Amortization	335.36	96.01	39.68	29.27	24.52	18.59
Other Amortization	247.5	166.56	109.94	64.08	36.85	20.84
Other Operating Activities	5,660	4,424	2,457	1,381	627.27	210.88
Operating Cash Flow	11,219	7,558	3,997	2,349	1,140	545.26
Operating Cash Flow Growth	85.50%	89.11%	70.16%	105.95%	109.16%	-21.66%
Capital Expenditures	-1,358	-860.33	-471.77	-231.78	-165.26	-68.14
Sale of Property, Plant & Equipment	25.98	4.02	0.25	1.58	3.76	0.3
Investment in Securities	-8,815	-5,435	-3,828	-2,423	-1,099	-77.85
Other Investing Activities	4,568	2,691	1,341	641.02	345.07	121.94
Investing Cash Flow	-5,579	-3,600	-2,959	-2,013	-915.64	-23.76
Total Debt Repaid	-153.5	-116.24	-24.83	-12.62	-13.92	-16.96
Net Debt Issued (Repaid)	-153.5	-116.24	-24.83	-12.62	-13.92	-16.96
Issuance of Common Stock	-	-	40	-	-	-
Common Dividends Paid	-941.73	-281.81	-141.11	-	-200.19	-91.7
Other Financing Activities	-38.19	-55.44	-44.78	-	-	-
Financing Cash Flow	-1,133	-453.49	-170.73	-12.62	-214.11	-108.66
Foreign Exchange Rate Adjustments	0.3	-3.58	52.55	-0.37	41.34	9.89
Net Cash Flow	4,507	3,501	919.96	323.21	52.06	422.72
Free Cash Flow	9,861	6,698	3,525	2,117	975.2	477.12
Free Cash Flow Growth	86.46%	90.01%	66.51%	117.08%	104.39%	-30.93%
Free Cash Flow Margin	24.96%	28.02%	23.33%	28.36%	19.49%	16.29%
Free Cash Flow Per Share	54.78	37.21	19.58	11.76	5.42	2.65
Cash Interest Paid	0.63	16.23	10.68	-	-	-
Cash Income Tax Paid	1,852	1,010	453.03	251.43	145.07	83.74
Levered Free Cash Flow	-125,471	-83,710	-65,220	-32,411	-12,872	-29,436
Unlevered Free Cash Flow	-125,471	-83,710	-65,220	-32,411	-12,872	-29,436

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.