IST:AGROT 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	-621.99	-317.66	368.54	332.34	28.07
Depreciation & Amortization	151.64	87.91	31.9	27.87	5.35
Asset Writedown & Restructuring Costs	-524.26	-	1,151	522.82	299.1
Provision & Write-off of Bad Debts	-7.06	118.84	5.64	2.89	1.37
Other Operating Activities	-82.05	287.07	76.39	264.25	19.59
Change in Accounts Receivable	905.01	-	-	-469.11	-1.25
Change in Inventory	190.65	-224.05	70.42	-17.79	-2.96
Change in Accounts Payable	-357.86	-554.2	280.16	-39.34	-22.31
Change in Income Taxes	0.11	-	-	-	-
Change in Other Net Operating Assets	183.61	1,498	-2,418	76.38	-21.26
Operating Cash Flow	-165.39	901.48	-434.36	700.31	306.57
Operating Cash Flow Growth	-	-	-	128.43%	-48.75%
Capital Expenditures	-	-349.62	-678.81	-510.45	-235.83
Sale of Property, Plant & Equipment	165.78	-	-	-	-
Cash Acquisitions	-	-185.16	-60.18	-1,606	-
Divestitures	-	-	0.08	-	30.05
Sale (Purchase) of Intangibles	-2.76	129.62	-	-1.61	-0.01
Sale (Purchase) of Real Estate	-	-	-98.32	-32.79	-41.5
Investment in Securities	0.13	-	381.19	-264.02	-
Other Investing Activities	4.11	-	-507.46	-52.98	-66.75
Investing Cash Flow	167.27	-405.16	-963.5	-2,468	-314.02
Short-Term Debt Issued	12.73	-	454.28	-	0.14
Long-Term Debt Issued	225.92	-	-	12.64	-
Total Debt Issued	238.64	-	454.28	12.64	0.14
Short-Term Debt Repaid	-41.64	-459.31	-	-13.27	-
Long-Term Debt Repaid	-	-0.79	-17.46	-	-
Total Debt Repaid	-41.64	-460.09	-17.46	-13.27	-
Net Debt Issued (Repaid)	197	-460.09	436.82	-0.63	0.14
Issuance of Common Stock	11.3	-	297.21	1,774	0.68
Repurchase of Common Stock	-11.67	-141.31	-	-	-
Other Financing Activities	-14.32	-155.64	1,156	-5.77	-0.29
Financing Cash Flow	182.3	-757.04	1,890	1,768	0.53
Miscellaneous Cash Flow Adjustments	-25.12	-151.79	-1.14	-	-
Net Cash Flow	159.06	-412.5	490.9	-0.07	-6.92
Free Cash Flow	-165.39	551.86	-1,113	189.87	70.75
Free Cash Flow Growth	-	-	-	168.38%	-65.66%
Free Cash Flow Margin	-7.32%	26.01%	-132.34%	21.65%	34.23%
Free Cash Flow Per Share	-	0.23	-0.55	16.48	2625.89
Cash Interest Paid	-	155.64	47.03	5.77	0.29
Cash Income Tax Paid	-	14.39	-14.41	0.04	-0
Levered Free Cash Flow	-325.32	-701.46	-721.15	-884.94	-243.89
Unlevered Free Cash Flow	-307.71	-604.18	-691.76	-881.33	-243.71
Change in Working Capital	921.52	719.77	-2,067	-449.85	-47.77

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.