IST:AKFYE 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	-544.58	157.36	6,568	-1,576	408.07	-301.61
Depreciation & Amortization	1,319	1,161	1,087	857.92	311.19	204.15
Loss (Gain) on Sale of Assets	-16.85	83	-6.5	-0.82	-25.4	16.72
Loss (Gain) on Sale of Investments	-7.09	-	58.29	-	-	-
Asset Writedown	1,257	1,257	-2,742	5,494	91.07	46.65
Change in Accounts Receivable	-230.44	231.19	504.14	-246.63	-102.24	-20.94
Change in Accounts Payable	-186.08	138.84	-1,192	-155.67	-32.2	-201.66
Change in Other Net Operating Assets	-1,499	-874.07	-97.83	9.49	138.74	43.16
Other Operating Activities	-748.4	-1,154	-2,133	-1,197	534.79	486.96
Operating Cash Flow	-651.9	1,004	2,061	3,192	1,327	273.86
Operating Cash Flow Growth	-	-51.26%	-35.43%	140.57%	384.46%	-52.80%
Capital Expenditures	-5,269	-1,977	-210.23	-37.57	-5.94	-183.74
Sale of Property, Plant & Equipment	7.16	2.07	-	-	-	-
Cash Acquisitions	-	-	-	-	-	-220.82
Sale (Purchase) of Intangibles	-19.6	-4.95	-0.01	-	-0	-2.37
Other Investing Activities	-	-	-	-	-	2.8
Investing Cash Flow	-5,275	-1,980	-210.24	-37.57	-5.98	-404.12
Long-Term Debt Issued	-	3,814	-	-	-	959.3
Long-Term Debt Repaid	-	-5,743	-1,870	-2,721	-928.01	-777.32
Net Debt Issued (Repaid)	2,975	-1,928	-1,870	-2,721	-928.01	181.98
Issuance of Common Stock	3,218	3,218	-	-	-	152.36
Other Financing Activities	-626.31	-649.65	-605.24	-775.85	-332.54	-246.79
Financing Cash Flow	5,567	640.36	-2,475	-3,497	-1,261	87.55
Foreign Exchange Rate Adjustments	225.65	374.13	412.97	95.34	-	-
Miscellaneous Cash Flow Adjustments	-32.14	-44.77	-158.55	512.8	-	-
Net Cash Flow	-166.43	-5.68	-370.16	265.59	60.2	-42.71
Free Cash Flow	-5,921	-972.52	1,851	3,154	1,321	90.12
Free Cash Flow Growth	-	-	-41.33%	138.81%	1365.58%	-
Free Cash Flow Margin	-133.28%	-19.08%	29.38%	63.88%	102.30%	8.81%
Free Cash Flow Per Share	-5.10	-0.94	1.82	3.10	1.30	0.09
Cash Interest Paid	884.34	874.58	615.97	790.47	336.33	246.79
Cash Income Tax Paid	17.53	17.78	13.62	1.74	5.84	4.41
Levered Free Cash Flow	-3,178	-649.07	1,578	-2,058	755.3	-36.52
Unlevered Free Cash Flow	-2,644	-8.51	2,507	-842.57	1,049	218.23
Change in Working Capital	-1,916	-504.04	-785.53	-392.81	4.31	-179.44

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