IST:BMSCH 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	-53.46	-197.02	36.94	-31.54	24.19	9.96
Depreciation & Amortization	40.96	32.92	15.86	5.97	1.46	0.92
Provision & Write-off of Bad Debts	0	0	0	0.01	0	-0.01
Other Operating Activities	-92.27	-38.95	34.18	116.27	-0.42	2.34
Change in Accounts Receivable	-3.39	33.5	-76.3	-25.02	-6.45	1.61
Change in Inventory	-15.17	38.34	0.48	180.49	-68.05	-10.76
Change in Accounts Payable	18.86	2.48	0.94	-3.03	-1.96	-2.34
Change in Unearned Revenue	-8.4	-3.89	-19.41	-29.17	13.63	5.11
Change in Other Net Operating Assets	127.84	-70.4	77.17	-76.38	5.53	-18.46
Operating Cash Flow	14.97	-203.01	69.85	137.64	-32.08	-11.63
Operating Cash Flow Growth	-	-	-49.25%	-	-	-
Capital Expenditures	-28.55	-84.93	-146.81	-108.2	-5.67	-2.7
Sale of Property, Plant & Equipment	-0.58	4.96	1.05	1.87	-	0.56
Sale (Purchase) of Intangibles	-0.15	-0.3	-0.46	-0.24	-0.13	-0.01
Investing Cash Flow	-80.36	-80.26	-146.22	-106.57	-5.8	-2.14
Long-Term Debt Issued	-	674	482.27	189.33	5.89	33.81
Long-Term Debt Repaid	-	-358.83	-321.31	-52.03	-24.37	-15.88
Net Debt Issued (Repaid)	196.59	315.17	160.96	137.3	-18.48	17.94
Issuance of Common Stock	-	-	-	-	79.4	-
Repurchase of Common Stock	-	-	-17.05	-	-	-
Common Dividends Paid	-	-	-23.34	-14.18	-	-
Other Financing Activities	-36.38	-34.02	-49.39	-6.59	-1.64	-2.47
Financing Cash Flow	160.21	281.15	71.17	116.53	59.28	15.47
Miscellaneous Cash Flow Adjustments	-57.15	-51.32	-96.77	-65.97	-	-
Net Cash Flow	37.67	-53.44	-101.97	81.63	21.4	1.69
Free Cash Flow	-13.58	-287.94	-76.96	29.44	-37.76	-14.33
Free Cash Flow Margin	-0.72%	-12.28%	-2.37%	1.52%	-8.43%	-4.92%
Free Cash Flow Per Share	-0.16	-2.91	-0.78	0.29	-0.47	-0.26
Cash Interest Paid	67.61	84.08	56.32	10.68	3.29	2.55
Cash Income Tax Paid	-	11.26	7.92	6.91	1.64	-
Levered Free Cash Flow	-12.04	-167.09	-161.89	-152.77	-44.81	-
Unlevered Free Cash Flow	30.22	-114.54	-126.7	-146.09	-42.75	-
Change in Working Capital	119.74	0.03	-17.13	46.94	-57.32	-24.84

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