IST:ASELS 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	32,512	29,950	20,025	10,526	1,282	7,131
Depreciation & Amortization	5,911	5,549	4,319	4,912	2,446	432.19
Loss (Gain) on Equity Investments	249.38	254.22	75.91	2.13	-31.9	2.82
Provision & Write-off of Bad Debts	-10.51	-10.06	-57.85	4.36	-31.71	7.73
Other Operating Activities	17,785	23,701	17,709	12,683	12,236	5,087
Change in Accounts Receivable	-25,097	-21,944	2,901	-27,186	-20,714	-6,490
Change in Inventory	-22,604	-16,631	4,509	-5,988	-1,281	-2,094
Change in Accounts Payable	11,971	13,659	-1,045	8,537	7,089	1,962
Change in Unearned Revenue	46,121	35,515	-9,675	-365.07	1,465	-2,506
Change in Other Net Operating Assets	-17,606	-21,140	-10,729	8,966	9,584	-1,100
Operating Cash Flow	49,232	48,902	28,034	12,092	12,044	2,433
Operating Cash Flow Growth	65.49%	74.44%	131.85%	0.39%	395.14%	41.54%
Capital Expenditures	-17,679	-13,968	-7,889	-7,641	-4,723	-1,388
Sale of Property, Plant & Equipment	912.15	490.4	869.63	444.28	119.28	6.4
Sale (Purchase) of Intangibles	-26,257	-24,200	-19,990	-10,331	-7,445	-2,051
Other Investing Activities	-1,883	-1,207	-933.64	661.6	194.52	-73
Investing Cash Flow	-44,907	-38,885	-27,943	-16,866	-11,855	-3,506
Long-Term Debt Issued	-	29,175	45,263	28,177	17,619	6,009
Long-Term Debt Repaid	-	-27,217	-31,929	-21,867	-12,409	-6,659
Net Debt Issued (Repaid)	14,212	1,959	13,334	6,310	5,210	-650.91
Common Dividends Paid	-	-	-222.05	-316.53	-414.16	-103.39
Financing Cash Flow	14,212	1,959	13,112	5,994	4,796	-754.3
Foreign Exchange Rate Adjustments	871.3	473.7	-61.23	104.9	276.78	240.54
Miscellaneous Cash Flow Adjustments	-5,869	-5,140	-3,840	-5,318	-2,639	-
Net Cash Flow	13,540	7,310	9,302	-3,994	2,623	-1,587
Free Cash Flow	31,553	34,934	20,145	4,451	7,321	1,044
Free Cash Flow Growth	36.51%	73.41%	352.60%	-39.21%	601.00%	21.57%
Free Cash Flow Margin	17.06%	19.36%	12.80%	4.19%	10.95%	5.19%
Free Cash Flow Per Share	6.92	7.66	4.42	0.98	1.61	0.23
Cash Income Tax Paid	514.1	514.1	70.78	1,631	9.08	4.63
Levered Free Cash Flow	-49,131	-12,656	-10,965	-27,078	-22,670	-2,979
Unlevered Free Cash Flow	-46,270	-8,770	-7,376	-24,300	-21,407	-2,591
Change in Working Capital	-7,215	-10,541	-14,037	-16,036	-3,856	-10,228

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