IST:AKENR 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	-5,368	-4,316	7,276	2,105	-2,530
Depreciation & Amortization	2,105	2,699	2,085	1,406	264.65
Loss (Gain) on Sale of Assets	2,171	6,513	93.98	4,018	0.05
Asset Writedown	-	-	-	-	-0.07
Change in Accounts Receivable	50.66	206.68	2,640	-3,544	-353.45
Change in Inventory	77.38	-98.56	-163.28	-64.79	-5.91
Change in Accounts Payable	532.88	782.28	-2,506	3,505	356.73
Change in Unearned Revenue	0.26	0.15	-40.78	43.22	-1.32
Change in Other Net Operating Assets	-450.2	-490.75	-141.15	-426.21	-48.1
Other Operating Activities	1,889	-2,474	-5,282	-3,408	3,329
Operating Cash Flow	1,009	2,821	3,963	3,634	1,011
Operating Cash Flow Growth	-64.25%	-28.82%	9.06%	259.44%	171.88%
Capital Expenditures	-254.06	-240.47	-823.62	-320.18	-136.22
Sale of Property, Plant & Equipment	48.57	2.59	0.28	0.09	3.83
Sale (Purchase) of Intangibles	-39.61	-95.96	-41.36	-83.45	-0.91
Investment in Securities	-	201.04	3.68	-137.11	-
Other Investing Activities	-	-	-0.03	-	-
Investing Cash Flow	-245.1	-132.8	-861.05	-568.27	-160.89
Long-Term Debt Issued	404.95	9,920	-	-	-
Long-Term Debt Repaid	-1,414	-6,782	-2,225	-1,109	-80.14
Net Debt Issued (Repaid)	-1,009	3,137	-2,225	-1,109	-80.14
Other Financing Activities	-940.65	-4,890	-847.96	-813.02	-319.44
Financing Cash Flow	-1,949	-1,753	-3,072	-1,922	-399.58
Miscellaneous Cash Flow Adjustments	-554.27	-749.16	-1,201	-859.87	-
Net Cash Flow	-1,740	186.38	-1,172	283.38	450.47
Free Cash Flow	754.47	2,581	3,139	3,313	874.72
Free Cash Flow Growth	-70.76%	-17.80%	-5.25%	278.81%	149.44%
Free Cash Flow Margin	3.32%	7.74%	9.19%	10.13%	22.33%
Free Cash Flow Per Share	1.03	3.54	4.31	4.54	1.20
Cash Interest Paid	1,290	5,283	1,327	1,032	327.31
Cash Income Tax Paid	23.95	17.85	37.89	7.27	0.24
Levered Free Cash Flow	56.76	1,135	611.82	1,267	-2.43
Unlevered Free Cash Flow	1,333	2,762	2,294	2,535	481.85
Change in Working Capital	210.97	399.8	-210.39	-487.03	-52.05

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