Bera Holding A.S. 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	-628.44	164.26	1,043	4,306	-1,265	746.55
Depreciation & Amortization	280	376.63	418.15	372.16	148.73	123.87
Asset Writedown & Restructuring Costs	92.75	92.75	-	-1,162	-426.25	-426.6
Provision & Write-off of Bad Debts	38.98	35.46	-10.2	28.75	-4.23	150.29
Other Operating Activities	798.94	1,118	95.55	656.31	1,563	467.48
Change in Accounts Receivable	-383.93	-1,188	1,224	1,077	-118.98	-556.52
Change in Inventory	157.21	506.79	438.3	592.41	-439.81	-258.95
Change in Accounts Payable	537.92	266.34	-782.79	46.55	-66.17	282.05
Change in Unearned Revenue	2.09	3.87	-6.16	3.92	-0.2	-2.89
Change in Other Net Operating Assets	-1,159	-1,123	-2,190	-2,154	1,230	750.44
Operating Cash Flow	-263.84	252.99	230.23	3,767	621.4	1,276
Operating Cash Flow Growth	-	9.89%	-93.89%	506.19%	-51.29%	3628.14%
Capital Expenditures	-592.55	-463.43	-940.93	-1,409	-32.29	-376.15
Investment in Securities	1,313	1,077	-1,984	444.3	-255.55	-7.19
Investing Cash Flow	720.3	613.67	-2,925	-965.14	-287.84	-383.34
Long-Term Debt Issued	-	-	466.23	-	-	-
Long-Term Debt Repaid	-	-1,442	-	-600.58	-441.71	-222.1
Net Debt Issued (Repaid)	-1,349	-1,442	466.23	-600.58	-441.71	-222.1
Issuance of Common Stock	255.78	255.78	286.89	-	-	-
Common Dividends Paid	-612	-612	-	-202.49	-147.85	-55.27
Other Financing Activities	1,099	-	-	-1,571	-305.74	-53.75
Financing Cash Flow	-605.93	-1,798	753.12	-2,374	-895.3	-331.12
Foreign Exchange Rate Adjustments	63.77	112.39	248.37	-	-	-
Net Cash Flow	-85.71	-818.85	-1,693	427.8	-561.74	561.25
Free Cash Flow	-856.39	-210.44	-710.7	2,357	589.11	899.56
Free Cash Flow Growth	-	-	-	300.17%	-34.51%	-
Free Cash Flow Margin	-4.43%	-1.10%	-3.26%	12.70%	3.91%	21.33%
Free Cash Flow Per Share	-	-0.31	-1.04	3.45	0.86	1.32
Cash Income Tax Paid	-	-175.85	745.98	-136.64	-88.16	-81.5
Levered Free Cash Flow	-682.2	893.03	-573.69	-88.55	-1,841	188.93
Unlevered Free Cash Flow	-682.2	893.03	-573.69	-88.55	-1,841	188.93
Change in Working Capital	-846.06	-1,534	-1,317	-434.01	605.1	214.13

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