IST:AVPGY 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	1,609	9,661	4,708	10,103	944.78
Depreciation & Amortization	5.66	7.5	18.45	15.24	3.79
Loss (Gain) From Sale of Assets	-0.22	-103.28	26.67	-427.26	0.03
Asset Writedown & Restructuring Costs	-1,166	-6,307	-1,574	-5,501	-869.59
Loss (Gain) From Sale of Investments	-	-	67.81	-	-
Loss (Gain) on Equity Investments	-	-	-293.88	-2,760	-255.87
Provision & Write-off of Bad Debts	-	-	1.11	24.32	-3.01
Other Operating Activities	2,531	-2,153	-847.36	0.69	171.03
Change in Accounts Receivable	194.34	-281.07	-693.22	-148.81	-70.41
Change in Inventory	2,698	1,115	1,809	0.38	-270.8
Change in Accounts Payable	-1,026	-311.47	-671.95	-249.42	-169.58
Change in Unearned Revenue	-446.47	597.87	-239.5	-2,559	621.16
Change in Income Taxes	-	-	-502.28	-302.14	-
Change in Other Net Operating Assets	-96.43	3,533	-4,280	820.6	-204.21
Operating Cash Flow	4,304	5,758	-2,471	-983.68	-102.68
Operating Cash Flow Growth	-25.26%	-	-	-	-
Capital Expenditures	-6.12	-4.84	-485.03	-346.81	-3.93
Sale of Property, Plant & Equipment	-	440.74	12.19	8.51	0.44
Divestitures	-	-	246.58	-323.93	-
Sale (Purchase) of Real Estate	-2,918	-7,281	-43.69	1,533	3.57
Investing Cash Flow	-2,924	-6,846	-269.95	870.76	0.08
Short-Term Debt Issued	-	-	-	123.84	-
Total Debt Issued	-	-	-	123.84	-
Short-Term Debt Repaid	-	-	-107.33	-245.92	-
Long-Term Debt Repaid	-	-	-	-	-3.52
Total Debt Repaid	-	-	-107.33	-245.92	-3.52
Net Debt Issued (Repaid)	-	-	-107.33	-122.08	-3.52
Issuance of Common Stock	-	-	5,075	-	-
Repurchase of Common Stock	-	-491.2	-	-	-
Common Dividends Paid	-2,141	-1,279	-	-	-
Other Financing Activities	10.27	522.64	130.05	-124.18	6.06
Financing Cash Flow	-2,131	-1,247	5,098	-246.26	2.54
Miscellaneous Cash Flow Adjustments	142.8	501.61	276.72	404.94	-
Net Cash Flow	-608.03	-1,833	2,634	45.75	-100.05
Free Cash Flow	4,297	5,753	-2,956	-1,330	-106.61
Free Cash Flow Growth	-25.30%	-	-	-	-
Free Cash Flow Margin	62.85%	58.97%	-66.40%	-22.57%	-62.51%
Free Cash Flow Per Share	10.93	14.63	-7.39	-3.97	-
Cash Interest Paid	1.1	1.44	7.76	141.81	-
Cash Income Tax Paid	228.61	-	502.28	302.14	-
Levered Free Cash Flow	5,939	-2,856	2,358	-2,012	-63.35
Unlevered Free Cash Flow	5,939	-2,855	2,362	-1,924	-23.14
Change in Working Capital	1,324	4,653	-4,578	-2,439	-93.84

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.