IST:BEGYO 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	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	82.14	1,133	199.89	685.3	-112.17	-177.14
Depreciation & Amortization	1.56	2.14	3.62	1.58	0.27	0.31
Loss (Gain) From Sale of Assets	-	-	-	-	0	-0
Asset Writedown & Restructuring Costs	-32.27	-32.27	184.14	-230.08	-367.56	-28.45
Provision & Write-off of Bad Debts	0.03	-	-	-	0	0.13
Other Operating Activities	253.47	192.73	711.28	790.21	503.12	217.09
Change in Accounts Receivable	-27.33	44.08	34.26	-9.95	-11.24	10.61
Change in Inventory	469.95	134.93	-162.51	30.98	4.41	4.22
Change in Accounts Payable	-988.04	-1,053	-469.38	36.03	0.11	-2.86
Change in Unearned Revenue	48.05	-351.35	143.6	143.47	-0.85	0.26
Change in Other Net Operating Assets	499.15	25.65	-0.36	-1,456	381.57	194.13
Operating Cash Flow	306.71	96.4	644.54	-8.92	397.68	218.28
Operating Cash Flow Growth	76.38%	-85.04%	-	-	82.19%	-
Capital Expenditures	-3.8	-2.89	-0.14	-1.37	-0.03	-
Sale of Property, Plant & Equipment	-	-	-	0.21	-	0
Investing Cash Flow	-3.8	-2.89	-0.14	-1.16	-0.03	0
Long-Term Debt Issued	-	-	176.14	42.26	552.4	183.13
Long-Term Debt Repaid	-	-176.14	-1,222	-174.32	-732.83	-268.36
Net Debt Issued (Repaid)	-176.14	-176.14	-1,046	-132.06	-180.43	-85.23
Issuance of Common Stock	-	-	1,263	495	-	-
Other Financing Activities	-68.25	-80.18	-628.39	-350.01	-214.54	-134.58
Financing Cash Flow	-244.39	-256.33	-412.07	12.93	-394.97	-219.81
Miscellaneous Cash Flow Adjustments	5.14	-73.13	-3.63	-6.05	-	-
Net Cash Flow	63.66	-235.96	228.69	-3.19	2.69	-1.53
Free Cash Flow	302.92	93.5	644.4	-10.29	397.65	218.28
Free Cash Flow Growth	74.82%	-85.49%	-	-	82.18%	-
Free Cash Flow Margin	42.62%	9.63%	404.50%	-6.14%	1117.98%	909.49%
Free Cash Flow Per Share	0.37	0.12	1.18	-0.04	79.53	43.66
Cash Interest Paid	68.25	80.18	628.39	350.01	214.54	134.58
Levered Free Cash Flow	88.51	292.79	-1,536	-309.28	170.92	-
Unlevered Free Cash Flow	129.5	341.58	-1,143	-89.32	318.65	-
Change in Working Capital	1.79	-1,200	-454.39	-1,256	374.01	206.35

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