IST:BIGEN 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	52.62	323.44	779.13	233.95	99.19
Depreciation & Amortization	229.79	198.59	94.49	54.1	9.75
Loss (Gain) on Sale of Assets	-0.36	-0.36	-0.03	-10.79	-25.32
Change in Accounts Receivable	-353.11	-8.66	-44.52	-10.07	1.99
Change in Inventory	-1.9	-1.27	-1.6	-1	-1.34
Change in Accounts Payable	88.33	111.22	-8.07	2.91	-6.31
Change in Unearned Revenue	7.42	-3.68	6.69	-0.03	1.72
Change in Other Net Operating Assets	35.88	-92.93	-244.05	219.59	295.74
Other Operating Activities	335.02	171.7	-258.79	42.11	7.2
Operating Cash Flow	393.69	698.05	323.24	530.77	382.6
Operating Cash Flow Growth	21.79%	115.95%	-39.10%	38.72%	-
Capital Expenditures	-767.18	-817.26	-4.42	-3.34	-7
Sale of Property, Plant & Equipment	112.64	0.35	0.6	0.04	0.18
Cash Acquisitions	-483.41	-50.5	-375.24	-385	-344.2
Sale (Purchase) of Intangibles	-0.75	-0.75	-	-28.86	-14.99
Other Investing Activities	41.45	10.84	3.49	0.5	0.44
Investing Cash Flow	-1,047	-857.32	-375.57	-390.65	-304.63
Long-Term Debt Issued	-	562.04	440.57	24.13	113.37
Long-Term Debt Repaid	-	-266.68	-292.88	-130.43	-32.11
Net Debt Issued (Repaid)	92.11	295.36	147.69	-106.3	81.26
Issuance of Common Stock	897.22	-	360	110.04	-
Financing Cash Flow	989.33	295.36	507.69	3.74	81.26
Foreign Exchange Rate Adjustments	-131.78	-225.36	-319.67	-147.87	-118.03
Net Cash Flow	204.22	-89.26	135.69	-4.01	41.21
Free Cash Flow	-373.49	-119.21	318.83	527.42	375.6
Free Cash Flow Growth	-	-	-39.55%	40.42%	-
Free Cash Flow Margin	-27.45%	-10.90%	52.47%	140.08%	406.16%
Free Cash Flow Per Share	-0.70	-0.24	2.09	10.24	62.60
Cash Income Tax Paid	26.35	25.58	14.14	5.23	4.29
Levered Free Cash Flow	-	-420.97	33.95	275.84	-
Unlevered Free Cash Flow	-	-284.69	146.12	319.81	-
Change in Working Capital	-223.37	4.68	-291.55	211.4	291.8

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.