Aksigorta A.S. 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	2,486	1,857	1,185	-127.35	189.4
Depreciation & Amortization	284.76	165.26	93.72	61.1	43.92
Other Operating Activities	4,575	2,027	811.41	1,323	264.94
Operating Cash Flow	7,345	4,049	2,090	1,257	498.25
Operating Cash Flow Growth	81.42%	93.69%	66.34%	152.21%	22.26%
Capital Expenditures	-346.07	-65.91	-58.43	-23.04	-13.71
Sale of Property, Plant & Equipment	4.21	2.82	3.57	3.12	0.31
Purchase / Sale of Intangible Assets	-567.89	-444.69	-190.01	-93.68	-83.51
Investment in Securities	-6,329	-3,846	-4,759	-288.09	-1,081
Other Investing Activities	2,006	1,110	898.48	1,064	691.07
Investing Cash Flow	-5,232	-3,244	-4,105	662.54	-486.39
Short-Term Debt Issued	-	-	-	544.47	-
Total Debt Issued	-	-	-	544.47	-
Total Debt Repaid	-194.5	-61.16	-36.88	-20.65	-9.84
Net Debt Issued (Repaid)	-194.5	-61.16	-36.88	523.82	-9.84
Issuance of Common Stock	-	-	-	3.46	-
Common Dividends Paid	-	-	-	-	-306
Other Financing Activities	-70.97	-	-544.47	950.5	-
Financing Cash Flow	-265.47	-61.16	-581.35	1,478	-315.84
Foreign Exchange Rate Adjustments	640	417.65	908.72	6.24	86.64
Net Cash Flow	2,487	1,162	-1,687	3,403	-217.34
Free Cash Flow	6,999	3,983	2,032	1,234	484.55
Free Cash Flow Growth	75.73%	96.01%	64.71%	154.59%	20.03%
Free Cash Flow Margin	43.48%	27.25%	20.78%	20.25%	12.16%
Free Cash Flow Per Share	4.34	2.47	1.26	0.77	0.79
Cash Income Tax Paid	376.07	162.45	14.87	25.73	103.91
Levered Free Cash Flow	448.46	887.03	-173	1,657	-73.05
Unlevered Free Cash Flow	448.46	887.03	-173	1,657	-73.05

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