IST:AKSA 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	3,922	1,137	2,385	4,564	1,167
Depreciation & Amortization	3,677	1,717	1,613	1,013	136.35
Other Amortization	-	28.01	36.33	20.38	2.76
Loss (Gain) From Sale of Assets	8.6	-1.74	-122.79	-10.44	-35.1
Asset Writedown & Restructuring Costs	495.01	-43.85	165.85	10.37	-40.69
Loss (Gain) on Equity Investments	40.51	-37.5	-150.16	119.32	-44.86
Provision & Write-off of Bad Debts	-4,826	-	-	-	-
Other Operating Activities	3,425	2,060	1,440	-4,910	1,189
Change in Accounts Receivable	2,704	1,121	2,927	1,023	-12.39
Change in Inventory	-133.72	495.59	941.19	569.87	-926.99
Change in Accounts Payable	-3,940	-3,856	-3,619	-4,248	1,766
Change in Other Net Operating Assets	-307.59	-569.14	-349.4	-1,172	-290.86
Operating Cash Flow	5,065	2,051	5,268	-3,022	2,911
Operating Cash Flow Growth	146.94%	-61.07%	-	-	237.64%
Capital Expenditures	-3,114	-3,381	-2,654	-1,826	-601.71
Sale of Property, Plant & Equipment	14.63	1.81	30.45	28.48	129.22
Cash Acquisitions	-5,658	-	-	-	-
Divestitures	-	-	64.38	-	-
Investment in Securities	-	-	-	-	37.02
Other Investing Activities	-214.27	-27.46	-6.34	-252.58	-114.6
Investing Cash Flow	-8,972	-3,406	-2,566	-2,051	-550.07
Long-Term Debt Issued	17,621	5,925	4,560	5,941	556.55
Long-Term Debt Repaid	-8,583	-2,843	-2,944	-8,353	-722.55
Net Debt Issued (Repaid)	9,037	3,082	1,616	-2,412	-166
Issuance of Common Stock	164.12	-	-	-	18.5
Common Dividends Paid	-2,121	-2,031	-1,611	-1,231	-281.66
Other Financing Activities	-1,144	-411.15	-420.49	44.39	-31.21
Financing Cash Flow	5,936	640.13	-415.31	-3,599	-460.38
Foreign Exchange Rate Adjustments	797.75	281.44	495.81	591.05	30.07
Miscellaneous Cash Flow Adjustments	-2,003	-1,288	-1,654	3,003	-
Net Cash Flow	823.89	-1,722	1,129	-5,077	1,930
Free Cash Flow	1,951	-1,330	2,614	-4,848	2,309
Free Cash Flow Growth	-	-	-	-	385.00%
Free Cash Flow Margin	6.01%	-4.69%	7.56%	-14.07%	27.66%
Free Cash Flow Per Share	-	-0.34	0.67	-1.25	0.59
Cash Interest Paid	-	1,360	1,043	304.25	95.06
Cash Income Tax Paid	-	53.17	-489.73	-453.73	-105.4
Levered Free Cash Flow	-4,831	-2,915	1,406	-1,445	1,411
Unlevered Free Cash Flow	-960.26	-2,326	1,797	-1,202	1,453
Change in Working Capital	-1,677	-2,808	-99.85	-3,828	535.87

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