IST:BANVT 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	-3,115	4,711	1,374	-982.67	95.15
Depreciation & Amortization	1,887	2,087	1,745	772.5	249.59
Other Amortization	49.38	105.03	81.3	37.95	2.69
Loss (Gain) From Sale of Assets	-	-	-	-27.62	35.12
Asset Writedown & Restructuring Costs	131.59	-	-138.85	0.88	-
Provision & Write-off of Bad Debts	5.21	-4.5	0.93	-2.05	-0.11
Other Operating Activities	-174.77	-935.6	-100.32	955.06	272.9
Change in Accounts Receivable	88.77	-1,211	-322.52	230.32	-199.65
Change in Inventory	264.14	221.43	708.27	2,174	-594.59
Change in Accounts Payable	1,573	1,867	-689.83	603.29	361.52
Change in Unearned Revenue	-	-	73.48	-13.08	-
Change in Other Net Operating Assets	-1,432	-619.05	1,227	-1,034	-95.06
Operating Cash Flow	-723.21	6,221	3,959	2,715	127.57
Operating Cash Flow Growth	-	57.14%	45.83%	2027.94%	-
Capital Expenditures	-22,686	-22,685	-19,771	-17,155	-3,577
Sale of Property, Plant & Equipment	21,422	21,383	18,953	14,913	3,415
Other Investing Activities	0.29	26.98	211.74	-104.91	-20.62
Investing Cash Flow	-1,263	-1,274	-606.95	-2,347	-182.87
Short-Term Debt Issued	-	90.26	-	-	-
Long-Term Debt Issued	4,461	3,072	2,295	5,921	615.36
Total Debt Issued	4,461	3,163	2,295	5,921	615.36
Short-Term Debt Repaid	-34.92	-	-116.88	-	-
Long-Term Debt Repaid	-1,812	-2,470	-3,387	-4,488	-293.78
Total Debt Repaid	-1,847	-2,470	-3,504	-4,488	-293.78
Net Debt Issued (Repaid)	2,614	692.67	-1,209	1,432	321.58
Other Financing Activities	1,220	523.96	-526.29	-304.21	-73.74
Financing Cash Flow	3,834	1,217	-1,735	1,128	247.84
Foreign Exchange Rate Adjustments	-	-244.66	-533.07	-266.49	63.19
Miscellaneous Cash Flow Adjustments	-1,767	-1,362	-532.94	-2,452	0
Net Cash Flow	80.29	4,557	550.63	-1,223	255.74
Free Cash Flow	-23,409	-16,463	-15,812	-14,440	-3,450
Free Cash Flow Margin	-69.89%	-39.89%	-51.36%	-71.23%	-64.83%
Free Cash Flow Per Share	-234.04	-164.60	-158.09	-144.37	-34.49
Cash Interest Paid	867.71	813.46	744.22	339.65	165.76
Cash Income Tax Paid	694.28	1,936	60.95	240.21	2.7
Levered Free Cash Flow	-22,585	-17,979	-16,174	-19,015	-3,552
Unlevered Free Cash Flow	-22,026	-17,340	-15,625	-18,749	-3,431
Change in Working Capital	493.74	258.09	996.33	1,961	-527.78

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