Aksa Enerji Üretim 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	3,652	2,007	7,936	5,582	1,680
Depreciation & Amortization	3,287	2,016	2,233	2,395	567.94
Loss (Gain) on Sale of Assets	-172.72	-350.85	45.55	-	-1.88
Asset Writedown	-657.62	592.63	52.02	2,406	-
Change in Accounts Receivable	2,979	3,381	-6,632	-6,497	-2,666
Change in Inventory	-446.58	-642.75	-853.41	515.66	-86.93
Change in Accounts Payable	-1,866	3,255	1,746	131	1,240
Change in Other Net Operating Assets	-954.43	-3,714	-897.9	-768.97	-590.53
Other Operating Activities	6,618	6,192	3,358	-2,792	757.59
Operating Cash Flow	11,802	12,604	7,603	1,149	917.53
Operating Cash Flow Growth	-6.36%	65.79%	561.85%	25.19%	-25.20%
Capital Expenditures	-17,683	-18,265	-2,647	-3,208	-2,716
Sale of Property, Plant & Equipment	253.33	5.4	110.66	0.11	2.13
Divestitures	-	922.33	-	-	-
Sale (Purchase) of Intangibles	-635.35	-276.39	-92.98	-147.94	-33.34
Other Investing Activities	-3,038	-992.96	-3,463	-	-
Investing Cash Flow	-21,103	-18,607	-6,092	-3,355	-2,747
Long-Term Debt Issued	32,777	23,066	11,604	9,226	5,151
Long-Term Debt Repaid	-16,906	-13,536	-10,605	-4,324	-2,809
Net Debt Issued (Repaid)	15,870	9,529	999.01	4,902	2,343
Repurchase of Common Stock	-	-	-61.99	-	-
Common Dividends Paid	-	-1,850	-2,064	-1,300	-
Other Financing Activities	-1,097	-1,417	-593.23	-708.23	-302.24
Financing Cash Flow	14,773	6,262	-1,720	2,894	2,040
Foreign Exchange Rate Adjustments	-326.82	-	-	-555.65	-
Miscellaneous Cash Flow Adjustments	-	-354.54	-880.57	-	-
Net Cash Flow	5,146	-95.43	-1,091	131.34	210.75
Free Cash Flow	-5,880	-5,661	4,955	-2,059	-1,798
Free Cash Flow Margin	-13.87%	-17.89%	9.76%	-2.36%	-12.95%
Free Cash Flow Per Share	-	-4.62	4.04	-1.68	-1.47
Cash Interest Paid	-	2,609	2,115	1,551	521.23
Cash Income Tax Paid	-	683.24	893.06	1,096	121.11
Levered Free Cash Flow	-13,366	-4,889	-78.02	-3,647	-2,932
Unlevered Free Cash Flow	-10,654	-3,082	1,278	-2,561	-2,603
Change in Working Capital	-288.41	2,280	-6,637	-6,620	-2,104

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