IST:BMSTL 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	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
Net Income	-39.9	-11.15	16.89	123.28	51.01
Depreciation & Amortization	92.48	52.26	36.15	20.68	10.97
Asset Writedown & Restructuring Costs	-1.67	-1.67	1.83	-0.55	11.99
Provision & Write-off of Bad Debts	-	-	0.31	2.53	0.06
Other Operating Activities	112.57	75.21	4.56	8.33	23.7
Change in Accounts Receivable	-125.04	39.81	-48.97	-57.18	-47.43
Change in Inventory	4.22	-139.14	-60.8	-83.52	-91.22
Change in Accounts Payable	-94.57	-59.35	108.71	-42.22	93.3
Change in Unearned Revenue	-5.19	1.09	3.56	-2.68	-4.06
Change in Other Net Operating Assets	-40.95	-47.45	-53.77	-23.31	5.61
Operating Cash Flow	-96.61	-90.39	8.48	-54.62	53.93
Capital Expenditures	-19.58	-249.84	-250.46	-25.43	-1.22
Sale of Property, Plant & Equipment	-	4.83	25.67	2.08	1.41
Sale (Purchase) of Intangibles	-0.05	-0.57	-0.16	-1.08	-0.13
Sale (Purchase) of Real Estate	-	-	-	-	1.45
Investing Cash Flow	-19.63	-245.58	-224.94	-24.44	1.51
Long-Term Debt Issued	-	488.49	849.02	513.9	251.48
Long-Term Debt Repaid	-	-212.95	-751.34	-457.19	-199.57
Net Debt Issued (Repaid)	320.88	275.54	97.68	56.71	51.91
Issuance of Common Stock	-	-	-	104.26	0.76
Repurchase of Common Stock	-	-	-13.65	-	-
Common Dividends Paid	-	-	-11	-	-
Other Financing Activities	-72.18	-66.78	-32.88	-28.53	-33
Financing Cash Flow	248.7	208.76	40.15	132.44	19.67
Foreign Exchange Rate Adjustments	-9.81	136.7	126.63	12.26	-46.01
Net Cash Flow	122.65	9.49	-49.69	65.64	29.09
Free Cash Flow	-116.19	-340.23	-241.98	-80.05	52.7
Free Cash Flow Margin	-5.06%	-19.01%	-17.53%	-7.19%	9.49%
Free Cash Flow Per Share	-	-2.27	-1.61	-0.53	10.70
Cash Interest Paid	-	75.94	42.12	32.16	33.07
Cash Income Tax Paid	-	8.9	6.11	-3.75	10.42
Levered Free Cash Flow	-127.62	-384.22	-201.38	-115.33	-
Unlevered Free Cash Flow	-38.06	-336.76	-175.05	-95.24	-
Change in Working Capital	-260.1	-205.04	-51.27	-208.9	-43.79

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