IST:AKFYE 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	1,950	205.97	6,568	-1,576	408.07
Depreciation & Amortization	1,782	1,519	1,087	857.92	311.19
Loss (Gain) on Sale of Assets	-4.23	108.63	-6.5	-0.82	-25.4
Loss (Gain) on Sale of Investments	-15.4	-	58.29	-	-
Asset Writedown	-1,335	1,646	-2,742	5,494	91.07
Change in Accounts Receivable	173.46	302.61	504.14	-246.63	-102.24
Change in Accounts Payable	284.21	170.48	-1,192	-155.67	-32.2
Change in Other Net Operating Assets	739.6	-1,144	-97.83	9.49	138.74
Other Operating Activities	411.61	-1,220	-2,133	-1,197	534.79
Operating Cash Flow	3,990	1,593	2,061	3,192	1,327
Operating Cash Flow Growth	150.38%	-22.68%	-35.43%	140.57%	384.46%
Capital Expenditures	-5,327	-2,588	-210.23	-37.57	-5.94
Sale of Property, Plant & Equipment	5.49	2.7	-	-	-
Sale (Purchase) of Intangibles	-23.56	-6.47	-0.01	-	-0
Investment in Securities	15.4	-	-	-	-
Investing Cash Flow	-5,330	-2,591	-210.24	-37.57	-5.98
Long-Term Debt Issued	4,617	4,993	-	-	-
Long-Term Debt Repaid	-2,042	-7,517	-1,870	-2,721	-928.01
Net Debt Issued (Repaid)	2,575	-2,524	-1,870	-2,721	-928.01
Issuance of Common Stock	-	4,212	-	-	-
Other Financing Activities	-491.88	-974.73	-605.24	-775.85	-332.54
Financing Cash Flow	2,083	713.78	-2,475	-3,497	-1,261
Foreign Exchange Rate Adjustments	357.98	335.35	412.97	95.34	-
Miscellaneous Cash Flow Adjustments	-43.24	-58.6	-158.55	512.8	-
Net Cash Flow	1,058	-7.43	-370.16	265.59	60.2
Free Cash Flow	-1,337	-994.2	1,851	3,154	1,321
Free Cash Flow Growth	-	-	-41.33%	138.81%	1365.58%
Free Cash Flow Margin	-23.07%	-14.90%	29.38%	63.88%	102.30%
Free Cash Flow Per Share	-1.12	-0.74	1.82	3.10	1.30
Cash Interest Paid	497.49	1,145	615.97	790.47	336.33
Cash Income Tax Paid	34.04	23.27	13.62	1.74	5.84
Levered Free Cash Flow	-2,247	-770.49	1,578	-2,058	755.3
Unlevered Free Cash Flow	-1,852	67.96	2,507	-842.57	1,049
Change in Working Capital	1,197	-671	-785.53	-392.81	4.31

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