IST:ARMGD 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	903.56	808.62	280.58	18.94	465.25
Depreciation & Amortization	98.34	75.33	70.38	57.14	30.38
Loss (Gain) From Sale of Assets	-3.33	-1.07	-7.1	-6.95	-2.28
Other Operating Activities	849.98	50.47	-376.28	-275.73	273.94
Change in Accounts Receivable	-189.41	-236.87	286.66	-80.74	-325.63
Change in Inventory	-846.63	-951.76	-327.02	309.13	-1,116
Change in Accounts Payable	76.11	76.11	-216.23	-181.49	342.26
Change in Unearned Revenue	-452.84	-53.51	485.96	44.12	42.32
Change in Other Net Operating Assets	-490.03	-2,506	273.88	-28.17	-112.4
Operating Cash Flow	-52.37	-2,738	470.83	-143.75	-402.1
Capital Expenditures	-931.02	-439.77	-304.85	-276.65	-266.68
Sale of Property, Plant & Equipment	8.83	2.75	12.23	10.16	4.61
Sale (Purchase) of Intangibles	-4.6	-2.97	-2.85	-0.11	-0.65
Sale (Purchase) of Real Estate	-79.39	-52.05	-3.09	-221.9	-8.65
Investing Cash Flow	-1,006	-492.04	-298.56	-488.51	-271.36
Long-Term Debt Issued	-	7,196	5,195	6,170	3,411
Long-Term Debt Repaid	-	-5,308	-5,065	-4,693	-2,441
Net Debt Issued (Repaid)	623.11	1,888	129.85	1,477	970.18
Issuance of Common Stock	1,677	1,677	-	-	-
Other Financing Activities	-30.59	-405.46	-405.61	-390.91	-162.5
Financing Cash Flow	2,266	3,160	-275.76	1,087	807.67
Net Cash Flow	1,042	-70.37	-103.49	454.33	134.22
Free Cash Flow	-983.38	-3,178	165.98	-420.4	-668.77
Free Cash Flow Margin	-12.82%	-41.61%	1.90%	-5.40%	-10.68%
Free Cash Flow Per Share	-4.08	-14.40	0.75	-4.33	-6.89
Cash Interest Paid	579.7	595.59	500.15	422.69	165.96
Cash Income Tax Paid	41.55	31.43	19.85	12.89	15.37
Levered Free Cash Flow	-	-3,930	238.72	-156.49	-
Unlevered Free Cash Flow	-	-3,558	551.32	107.69	-
Change in Working Capital	-1,903	-3,672	503.25	62.85	-1,169

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