IST:BAGFS 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	123.49	-1,717	-2,176	1,096	155.4
Depreciation & Amortization	932.82	937.33	691.05	75.44	53.01
Loss (Gain) From Sale of Assets	-2.53	-	3.05	-	-
Asset Writedown & Restructuring Costs	-	-	-	-4.79	-1.64
Loss (Gain) From Sale of Investments	2.97	8.49	-19.81	-	-
Provision & Write-off of Bad Debts	0.01	0	0.02	-	-
Other Operating Activities	-444.21	-521.54	648.48	-199.18	522.91
Change in Accounts Receivable	-160.43	-34.14	2.81	6.76	-0.2
Change in Inventory	377.97	1,888	3,661	-838.6	-459.16
Change in Accounts Payable	-90.32	-369.52	-177	-325.84	255.21
Change in Unearned Revenue	-157.87	3	-248.09	-	-
Change in Other Net Operating Assets	180.82	419.67	-534.96	-370.97	232.51
Operating Cash Flow	762.72	615	1,850	-561.33	758.04
Operating Cash Flow Growth	24.02%	-66.76%	-	-	126.42%
Capital Expenditures	-151.74	-618.86	-263.34	-199.96	-238.03
Sale of Property, Plant & Equipment	2.53	-	2.43	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.02
Investment in Securities	-	-0.35	2.51	-	-
Other Investing Activities	2,250	3,013	2,272	11.22	9.17
Investing Cash Flow	2,100	2,394	2,014	-188.74	-228.88
Long-Term Debt Issued	3,452	3,810	2,839	1,406	305.75
Long-Term Debt Repaid	-4,398	-6,040	-3,689	-997.02	-246.68
Net Debt Issued (Repaid)	-945.64	-2,230	-850.19	408.91	59.07
Issuance of Common Stock	-	-	-	-	96.1
Other Financing Activities	-147.48	-647.75	-214.08	-53.93	-61.41
Financing Cash Flow	-1,093	-2,878	-1,064	354.98	93.76
Miscellaneous Cash Flow Adjustments	-1,664	-2,091	-2,761	-	-
Net Cash Flow	105.98	-1,960	38.61	-395.09	622.91
Free Cash Flow	610.98	-3.86	1,587	-761.29	520.01
Free Cash Flow Growth	-	-	-	-	83.77%
Free Cash Flow Margin	12.29%	-0.18%	38.14%	-19.59%	29.88%
Free Cash Flow Per Share	4.53	-0.03	11.76	-5.64	11.49
Cash Interest Paid	237.34	639.04	211.02	53.93	61.41
Cash Income Tax Paid	0.61	-1.52	1.99	-39.22	-21.25
Levered Free Cash Flow	288.11	-308.77	-1,245	-1,291	557.26
Unlevered Free Cash Flow	437.99	94.81	-1,110	-1,252	580.94
Change in Working Capital	150.16	1,907	2,704	-1,529	28.37

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