IST:AKCNS 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	726.2	2,189	3,424	1,935	303.62
Depreciation & Amortization	1,720	1,660	1,176	772.08	108.83
Loss (Gain) From Sale of Assets	-7.57	-3.67	-109.26	3.87	-36.24
Loss (Gain) From Sale of Investments	-	-2.31	-25.34	-	-
Provision & Write-off of Bad Debts	-1.17	-22.15	55.84	19.57	-0.68
Other Operating Activities	962.32	555.88	-337.87	-713.61	-49.94
Change in Accounts Receivable	-372.16	935.21	279.76	-1,581	-121.55
Change in Inventory	524.02	236.7	213.18	687.02	-594.85
Change in Accounts Payable	-530.04	-788.54	-767.96	799.38	571.87
Change in Unearned Revenue	13.84	-49.85	-33.3	35.71	-5.4
Change in Other Net Operating Assets	108.87	61.06	-165.19	185.15	-98.12
Operating Cash Flow	3,145	4,772	3,710	2,143	77.54
Operating Cash Flow Growth	-34.10%	28.63%	73.08%	2663.99%	-72.01%
Capital Expenditures	-2,050	-1,528	-1,371	-943.7	-150.82
Sale of Property, Plant & Equipment	11.42	5.13	378.04	1.38	4.79
Sale (Purchase) of Intangibles	-0.06	-	-	-	-
Investment in Securities	-	56	-	-	46.51
Other Investing Activities	62.21	525.79	-218.39	42.51	3.52
Investing Cash Flow	-1,976	-941.49	-1,212	-899.81	-96
Short-Term Debt Issued	4,497	3,925	3,933	-	-
Long-Term Debt Issued	-	-	-	4,130	767.78
Total Debt Issued	4,497	3,925	3,933	4,130	767.78
Short-Term Debt Repaid	-2,350	-2,849	-3,590	-	-
Long-Term Debt Repaid	-270.64	-257.12	-202.98	-2,949	-638.01
Total Debt Repaid	-2,621	-3,107	-3,793	-2,949	-638.01
Net Debt Issued (Repaid)	1,876	818.09	139.98	1,181	129.77
Common Dividends Paid	-1,427	-1,831	-528.56	-188.85	-104.97
Other Financing Activities	-90.35	-475.18	-140.43	-266.1	-59.75
Financing Cash Flow	358.41	-1,488	-529.01	725.78	-34.95
Miscellaneous Cash Flow Adjustments	-1,393	-1,580	-1,268	-452.22	-
Net Cash Flow	133.99	762.85	700.83	1,517	-53.41
Free Cash Flow	1,095	3,243	2,338	1,200	-73.28
Free Cash Flow Growth	-66.24%	38.71%	94.92%	-	-
Free Cash Flow Margin	4.45%	11.46%	8.65%	7.19%	-2.55%
Free Cash Flow Per Share	5.72	16.94	12.21	6.27	-0.38
Cash Interest Paid	1,413	1,703	778.46	331.37	66.79
Cash Income Tax Paid	469.42	517.51	876.12	183.88	52.37
Levered Free Cash Flow	-325.72	858.61	1,354	-788.84	-143.09
Unlevered Free Cash Flow	514.19	1,740	1,933	-421.49	-83.51
Change in Working Capital	-255.47	394.58	-473.51	126.38	-248.05

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