IST:BESLR 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	524.45	1,978	842.91	1,342	-39.95
Depreciation & Amortization	686.18	657.54	608.83	404.84	54.35
Other Amortization	63.95	63.45	33.83	38.15	4.56
Loss (Gain) From Sale of Assets	-18.43	-3.28	-6.23	-3.48	-0.7
Asset Writedown & Restructuring Costs	178.07	-1,005	-458.85	-198.86	-36.16
Provision & Write-off of Bad Debts	48.17	15.24	-6.88	15.34	6.37
Other Operating Activities	-1,719	-22.13	-1,679	-941.78	350.4
Change in Accounts Receivable	-455.6	378.23	582.3	-187.08	-409.91
Change in Inventory	-241.39	1,647	-281.76	-503.58	-245.49
Change in Accounts Payable	-223.28	-944.81	213.61	924.02	477.9
Change in Other Net Operating Assets	129.64	292.19	361.55	-336.78	-29.19
Operating Cash Flow	-1,028	3,056	209.99	553.04	132.18
Operating Cash Flow Growth	-	1355.18%	-62.03%	318.39%	-29.37%
Capital Expenditures	-593.86	-462.04	-224.16	-162.72	-41.86
Sale of Property, Plant & Equipment	29.57	83.63	84.33	15.24	6.24
Cash Acquisitions	81.14	72.47	-1,860	245.12	-
Sale (Purchase) of Intangibles	-140.47	-130.96	-150.72	-70.73	-11.01
Sale (Purchase) of Real Estate	-1.88	-	-8.48	-0.1	-
Investment in Securities	-	-	-	-	1.37
Other Investing Activities	3,925	3,224	1,052	727.77	195.72
Investing Cash Flow	3,299	2,787	-1,108	754.58	150.46
Long-Term Debt Issued	11,483	5,898	4,128	2,053	806.16
Total Debt Issued	11,483	5,898	4,128	2,053	806.16
Long-Term Debt Repaid	-8,431	-3,562	-3,286	-2,263	-285.08
Total Debt Repaid	-8,431	-3,562	-3,286	-2,263	-285.08
Net Debt Issued (Repaid)	3,052	2,335	842.46	-210.13	521.07
Other Financing Activities	-5,176	-4,938	-445.78	-1,058	-744.85
Financing Cash Flow	-2,124	-2,603	396.68	-1,268	-223.77
Foreign Exchange Rate Adjustments	259.09	-136.36	74.47	449.17	-51.41
Miscellaneous Cash Flow Adjustments	-246.04	-427.4	-164.02	-211.32	-
Net Cash Flow	160.59	2,677	-590.41	277.43	7.45
Free Cash Flow	-1,622	2,594	-14.16	390.32	90.32
Free Cash Flow Growth	-	-	-	332.16%	-34.41%
Free Cash Flow Margin	-4.99%	7.93%	-0.05%	1.61%	1.86%
Free Cash Flow Per Share	-2.45	3.92	-0.02	0.59	0.14
Cash Interest Paid	2,428	1,804	1,220	363.21	115.88
Cash Income Tax Paid	1,040	122.77	573.33	273.04	132.97
Levered Free Cash Flow	-3,907	-3,720	-165.98	-2,410	-301.21
Unlevered Free Cash Flow	-2,239	-2,302	1,147	-1,979	-164.61
Change in Working Capital	-790.63	1,372	875.7	-103.42	-206.7

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