IST:BAHKM 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-44.84	9.54	83.51
Depreciation & Amortization	12.11	13.83	10.05
Other Amortization	1.09	1.09	0.73
Asset Writedown & Restructuring Costs	0.83	0.17	0.27
Other Operating Activities	-624.39	-70.02	-96.43
Change in Accounts Receivable	-82.94	0.53	-25.52
Change in Inventory	6.78	15.28	-17.01
Change in Accounts Payable	-1.72	19.2	-2.38
Change in Unearned Revenue	13.37	-44.88	-5.48
Change in Other Net Operating Assets	356.77	-408.76	5.57
Operating Cash Flow	-362.94	-464.01	-46.71
Capital Expenditures	-69.77	-47.82	-10.32
Sale of Property, Plant & Equipment	14.04	13.48	-
Sale (Purchase) of Real Estate	-	-	-1.67
Investment in Securities	143.31	56.44	-
Investing Cash Flow	59.31	22.1	-12
Long-Term Debt Issued	-	21.75	160.22
Long-Term Debt Repaid	-	-92.06	-108.74
Net Debt Issued (Repaid)	39.67	-70.31	51.48
Issuance of Common Stock	-	522.69	-
Other Financing Activities	-1.24	-16.18	-11.83
Financing Cash Flow	-94.49	436.2	39.65
Foreign Exchange Rate Adjustments	2.64	-1.21	-0.56
Miscellaneous Cash Flow Adjustments	15.02	15.64	25.87
Net Cash Flow	-380.45	8.72	6.25
Free Cash Flow	-432.71	-511.83	-57.03
Free Cash Flow Margin	-53.40%	-80.46%	-9.84%
Free Cash Flow Per Share	-	-10.47	-1.27
Cash Interest Paid	16.18	16.18	11.83
Cash Income Tax Paid	3.99	3.99	-12.11
Levered Free Cash Flow	-238.09	-3.05	-
Unlevered Free Cash Flow	-238.09	6.54	-
Change in Working Capital	292.25	-418.63	-44.83

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