IST:BIOEN 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	-1,382	-87.56	1,369	576.76	6.54
Depreciation & Amortization	902.81	809.99	639.02	297.77	32.97
Loss (Gain) on Sale of Assets	-13.39	-198.71	-	-6.72	-3.34
Loss (Gain) on Sale of Investments	-5.33	-	-	-	-
Loss (Gain) on Equity Investments	8.85	145.94	-32.99	-41.05	-25.74
Asset Writedown	74.1	2.38	-142.18	-2.17	-
Change in Accounts Receivable	-2.03	85.61	440.38	-270.11	-74.17
Change in Inventory	82.14	94.58	-188.51	-6.49	-59.24
Change in Accounts Payable	286.82	-248.69	-807.08	566.92	129.25
Change in Unearned Revenue	0.11	2.94	-12.84	5.75	-7.41
Change in Other Net Operating Assets	153.77	96.99	1,186	-249.94	-342.63
Other Operating Activities	626.89	-2,169	-839.72	222.34	17.6
Operating Cash Flow	732.44	-1,466	1,611	1,093	-326.18
Operating Cash Flow Growth	-	-	47.41%	-	-
Capital Expenditures	-578.75	-905.93	-1,511	-1,447	-441.07
Sale of Property, Plant & Equipment	45.62	451.17	24.23	18.04	1.1
Cash Acquisitions	-	-	-	-18.71	-
Investment in Securities	-	-	76.6	-	-
Other Investing Activities	94.02	-	-	-	-
Investing Cash Flow	-439.11	-454.76	-1,410	-1,448	-439.97
Long-Term Debt Issued	1,641	4,623	296.36	315.54	479.11
Long-Term Debt Repaid	-1,504	-2,220	-	-	-
Net Debt Issued (Repaid)	137.31	2,403	296.36	315.54	479.11
Issuance of Common Stock	-	-	-	-	379.82
Repurchase of Common Stock	-	-	-9.14	-	-
Other Financing Activities	-480.63	-574.35	-315.9	-86.11	-23.73
Financing Cash Flow	-343.32	1,829	-28.69	229.43	835.2
Foreign Exchange Rate Adjustments	4.55	6.91	-	-	-
Miscellaneous Cash Flow Adjustments	-30.45	-65.65	-25.85	-293.35	-
Net Cash Flow	-75.89	-150.73	146.75	-418.67	69.06
Free Cash Flow	153.69	-2,372	100.46	-354.09	-767.25
Free Cash Flow Margin	5.22%	-66.63%	3.12%	-15.15%	-179.39%
Free Cash Flow Per Share	0.31	-4.74	0.20	-0.71	-1.53
Cash Interest Paid	493.48	588.23	-	-	23.73
Cash Income Tax Paid	9.81	7.68	3.17	7.18	13.15
Levered Free Cash Flow	237.09	-939.99	-857.39	-1,347	-602.84
Unlevered Free Cash Flow	600.81	-528.54	-581.48	-1,280	-583.12
Change in Working Capital	520.81	31.43	618.21	46.13	-354.2

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