IST:AVTUR 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	60.41	7.32	122	46.44	32.1
Depreciation & Amortization	7.07	6.91	8.48	7.91	1.2
Loss (Gain) From Sale of Assets	101.55	-	-	-	-
Asset Writedown & Restructuring Costs	-148.69	-39.35	-192.73	-67.71	-35.59
Provision & Write-off of Bad Debts	-	-	-	-	-0.02
Other Operating Activities	-76.6	19.73	74.17	17.51	3.6
Change in Accounts Receivable	3.61	-0.33	-3.26	0.69	-0.67
Change in Inventory	0	-0.14	-0.14	0	-
Change in Accounts Payable	0.64	0.15	-0.1	0.39	-0.3
Change in Unearned Revenue	0.06	1.39	-0.06	0.02	0
Change in Other Net Operating Assets	162.15	2.68	-3.67	-1.86	9.55
Operating Cash Flow	110.19	-1.64	4.69	3.4	9.89
Operating Cash Flow Growth	-	-	38.00%	-65.67%	4535.85%
Capital Expenditures	-0.54	-0.91	-0.13	-0.2	-0.02
Divestitures	101.7	-	-	-	-
Sale (Purchase) of Intangibles	-0.07	-	-	-4.11	-
Sale (Purchase) of Real Estate	-	-	-	-0.13	-
Investment in Securities	-113.47	3.54	-16.48	-	-
Investing Cash Flow	-12.38	2.63	-16.61	-4.44	-0.02
Miscellaneous Cash Flow Adjustments	-0.55	-1.23	-8.81	-10.65	-
Net Cash Flow	97.26	-0.24	-20.74	-11.69	9.87
Free Cash Flow	109.65	-2.55	4.55	3.2	9.87
Free Cash Flow Growth	-	-	42.43%	-67.60%	7789.56%
Free Cash Flow Margin	426.55%	-14.00%	27.23%	29.10%	281.01%
Free Cash Flow Per Share	2.44	-0.06	0.10	0.07	0.22
Cash Interest Paid	-	-	-	-	0.03
Cash Income Tax Paid	0.57	0.33	0.57	1.19	0.02
Levered Free Cash Flow	44.12	1.7	-3.56	-1.21	10.44
Unlevered Free Cash Flow	46.78	1.73	-3.47	-0.78	10.46
Change in Working Capital	166.46	3.74	-7.23	-0.76	8.59

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