IST:AKSUE 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	-14.67	-8.38	92.08	-0.39	-18.84	-8.14
Depreciation & Amortization	16.39	22.99	21.81	17.2	2.46	3.04
Loss (Gain) on Sale of Assets	-	-	-	-7.64	-1.77	-1.77
Change in Accounts Receivable	1.07	1.8	4.09	-0.71	-0.83	3.9
Change in Inventory	0.3	0.02	0	0	-0	0
Change in Accounts Payable	0.19	-0.24	0.15	-0.05	0.21	-0.01
Change in Other Net Operating Assets	-3.17	-1.62	10.1	-53.57	1.28	1.05
Other Operating Activities	15.25	11.13	-64.55	80.07	30.38	19.23
Operating Cash Flow	15.35	25.7	63.67	34.92	12.9	17.3
Operating Cash Flow Growth	-82.94%	-59.64%	82.36%	170.57%	-25.40%	93.52%
Capital Expenditures	0.04	-11.35	-1.44	-83.78	-3.46	-5.92
Sale of Property, Plant & Equipment	-0.45	6.1	76.39	98.81	0.26	0.08
Sale (Purchase) of Intangibles	-0.01	-0.01	-0.01	6.48	-	-
Other Investing Activities	-	-	-	-	1.7	0.29
Investing Cash Flow	-0.41	-5.26	74.94	21.51	-1.5	-5.55
Long-Term Debt Issued	-	19.38	-	-	4.02	6.49
Long-Term Debt Repaid	-	-51.58	-130.43	-72.68	-20.64	-15.88
Net Debt Issued (Repaid)	-49.79	-32.2	-130.43	-72.68	-16.62	-9.39
Issuance of Common Stock	-	33	-	-	17.39	-
Other Financing Activities	13.64	6.7	-14.43	-4.95	-2.9	-3.46
Financing Cash Flow	-39.38	7.5	-144.85	-77.62	-2.12	-12.85
Miscellaneous Cash Flow Adjustments	-0	-	-	-0	-	-
Net Cash Flow	-24.44	27.94	-6.24	-21.2	9.28	-1.1
Free Cash Flow	15.4	14.35	62.23	-48.86	9.45	11.37
Free Cash Flow Growth	-79.65%	-76.94%	-	-	-16.94%	120.91%
Free Cash Flow Margin	28.09%	23.00%	84.53%	-75.95%	54.61%	78.31%
Free Cash Flow Per Share	0.23	0.23	1.89	-1.48	0.29	0.69
Cash Interest Paid	7.75	7.48	14.46	6.71	2.9	3.46
Cash Income Tax Paid	-	10.03	7.42	1.78	1.6	0.07
Levered Free Cash Flow	11.15	10.18	22.46	-63.12	-0.75	3.53
Unlevered Free Cash Flow	13.83	14.86	33.87	-51.18	3.27	5.69
Change in Working Capital	-1.61	-0.04	14.34	-54.34	0.66	4.94

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