IST:BAYRK Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-156.44	-195.61	-141.82	37.98	-34.31	4.76
Depreciation & Amortization	59.49	55.41	61.68	33.85	20.68	3.94
Loss (Gain) From Sale of Assets	2.09	2.09	5.67	-	-	-
Provision & Write-off of Bad Debts	1.89	1.89	1.46	-2.89	0.2	0.99
Other Operating Activities	18.1	54.27	-48.11	-39.54	-23.65	0.96
Change in Accounts Receivable	63.49	37.08	48.73	-34.11	-12.43	1.13
Change in Inventory	55.39	39.23	-62.64	14.6	39.37	-15.17
Change in Accounts Payable	-27.69	-17.25	-2.8	17.17	-6.07	2.19
Change in Unearned Revenue	-1.3	1.59	-27.52	-7.65	9.35	-
Change in Other Net Operating Assets	-56.66	-86.03	189.25	-9.51	23.72	8.75
Operating Cash Flow	-44.77	-108.55	23.89	9.9	16.85	7.55
Operating Cash Flow Growth	-	-	141.25%	-41.25%	123.35%	-
Capital Expenditures	-26.8	-40.39	-79.97	-60.18	-22.07	-10.56
Sale of Property, Plant & Equipment	1.3	1.3	30.63	-	-	0.09
Investment in Securities	-21.72	-21.72	-	-	-	-
Other Investing Activities	0.03	0.03	-	-	-	-
Investing Cash Flow	-47.19	-60.78	-49.34	-60.18	-22.07	-10.47
Long-Term Debt Issued	-	29.86	26.84	27.07	24.29	8.3
Long-Term Debt Repaid	-	-6.38	-11.06	-	-	-
Net Debt Issued (Repaid)	-48.72	23.49	15.78	27.07	24.29	8.3
Issuance of Common Stock	202.87	202.87	-	-	-	-
Other Financing Activities	-57.47	-53.53	-	-	-15.47	-
Financing Cash Flow	96.68	172.83	15.78	27.07	8.82	8.3
Miscellaneous Cash Flow Adjustments	-0.54	-0.54	-2.21	-22.04	-	-
Net Cash Flow	3.89	2.96	-11.89	-45.26	3.6	5.38
Free Cash Flow	-71.57	-148.94	-56.08	-50.28	-5.22	-3.02
Free Cash Flow Margin	-30.59%	-64.58%	-16.98%	-11.87%	-1.87%	-4.46%
Free Cash Flow Per Share	-	-0.60	-0.27	-0.27	-0.03	-0.01
Cash Interest Paid	53.53	53.53	-	-	15.47	-
Cash Income Tax Paid	-	-	-	1.82	1.39	1.06
Levered Free Cash Flow	-87.61	-155.98	-21.59	-53.61	-77.04	-6.09
Unlevered Free Cash Flow	-52.6	-99.83	29.71	-32.73	-64.6	-3.02
Change in Working Capital	33.22	-25.38	145.01	-19.5	53.93	-3.1

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