IST:BAHKM 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-274.37	12.49	83.51
Depreciation & Amortization	23.48	18.1	10.05
Other Amortization	2.56	1.43	0.73
Asset Writedown & Restructuring Costs	-0.06	0.23	0.27
Other Operating Activities	51.25	-96.17	-96.43
Change in Accounts Receivable	2.49	0.7	-25.52
Change in Inventory	35.85	20	-17.01
Change in Accounts Payable	-28.91	25.14	-2.38
Change in Unearned Revenue	1.98	-58.74	-5.48
Change in Other Net Operating Assets	95.48	-530.53	5.57
Operating Cash Flow	-90.24	-607.36	-46.71
Capital Expenditures	-45.46	-62.59	-10.32
Sale of Property, Plant & Equipment	1.04	17.65	-
Sale (Purchase) of Real Estate	-	-	-1.67
Investment in Securities	98.79	73.87	-
Investing Cash Flow	54.38	28.93	-12
Long-Term Debt Issued	153.49	28.46	160.22
Long-Term Debt Repaid	-138.9	-120.5	-108.74
Net Debt Issued (Repaid)	14.6	-92.03	51.48
Issuance of Common Stock	-	684.17	-
Other Financing Activities	-5.94	-21.18	-11.83
Financing Cash Flow	8.65	570.96	39.65
Foreign Exchange Rate Adjustments	-	-1.58	-0.56
Miscellaneous Cash Flow Adjustments	18.41	20.47	25.87
Net Cash Flow	-8.8	11.42	6.25
Free Cash Flow	-135.7	-669.94	-57.03
Free Cash Flow Margin	-13.85%	-77.86%	-9.84%
Free Cash Flow Per Share	-2.47	-13.71	-1.27
Cash Interest Paid	5.94	21.18	11.83
Cash Income Tax Paid	16.62	5.22	-12.11
Levered Free Cash Flow	-261.83	-74	-
Unlevered Free Cash Flow	-259.49	-61.44	-
Change in Working Capital	106.89	-543.44	-44.83