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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-43.97	-37.47	-10.97	92.08	-0.39	-18.84
Depreciation & Amortization	34.42	34.5	30.09	21.81	17.2	2.46
Loss (Gain) on Sale of Assets	-	-	-	-	-7.64	-1.77
Change in Accounts Receivable	0.85	0.22	2.36	4.09	-0.71	-0.83
Change in Inventory	1.85	-0.08	0.02	0	0	-0
Change in Accounts Payable	0.23	-0.07	-0.31	0.15	-0.05	0.21
Change in Other Net Operating Assets	-0.7	0.6	-2.13	10.1	-53.57	1.28
Other Operating Activities	17.52	17.11	14.56	-64.55	80.07	30.38
Operating Cash Flow	10.19	14.81	33.64	63.67	34.92	12.9
Operating Cash Flow Growth	-57.89%	-55.97%	-47.17%	82.36%	170.57%	-25.40%
Capital Expenditures	-5.43	-2.39	-14.85	-1.44	-83.78	-3.46
Sale of Property, Plant & Equipment	2.6	-	7.98	76.39	98.81	0.26
Sale (Purchase) of Intangibles	-0.73	-0.73	-0.01	-0.01	6.48	-
Other Investing Activities	-	-	-	-	-	1.7
Investing Cash Flow	-3.57	-3.12	-6.88	74.94	21.51	-1.5
Long-Term Debt Issued	-	12.4	25.36	-	-	4.02
Long-Term Debt Repaid	-	-48.18	-67.51	-130.43	-72.68	-20.64
Net Debt Issued (Repaid)	-28.82	-35.78	-42.15	-130.43	-72.68	-16.62
Issuance of Common Stock	-	-	43.19	-	-	17.39
Other Financing Activities	1.02	2.68	8.77	-14.43	-4.95	-2.9
Financing Cash Flow	-27.8	-33.11	9.82	-144.85	-77.62	-2.12
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-0	-
Net Cash Flow	-21.17	-21.42	36.57	-6.24	-21.2	9.28
Free Cash Flow	4.76	12.42	18.78	62.23	-48.86	9.45
Free Cash Flow Growth	-68.92%	-33.87%	-69.82%	-	-	-16.94%
Free Cash Flow Margin	6.84%	17.00%	23.00%	84.53%	-75.95%	54.61%
Free Cash Flow Per Share	-	0.19	0.30	1.89	-1.48	0.29
Cash Interest Paid	6.38	6.38	9.79	14.46	6.71	2.9
Cash Income Tax Paid	12.15	12.15	13.12	7.42	1.78	1.6
Levered Free Cash Flow	19.89	20.33	10.83	22.46	-63.12	-0.75
Unlevered Free Cash Flow	20.22	24.32	16.96	33.87	-51.18	3.27
Change in Working Capital	2.23	0.67	-0.05	14.34	-54.34	0.66

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