IST:BRMEN Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-31.74	-34.88	-19.76	-5.71	2.76	-3.13
Depreciation & Amortization	1.66	1.75	1.74	1.32	0.95	0.17
Other Amortization	-	-	-	-	-	0
Provision & Write-off of Bad Debts	0.28	-0.92	1.21	-	-	-
Other Operating Activities	26.28	21.2	5.3	-0.2	0.52	0.19
Change in Accounts Receivable	3.95	-1.98	-17.54	0.23	3.63	-0.81
Change in Inventory	-3.14	-3.13	-23.63	-21.49	-1.75	-0.01
Change in Accounts Payable	-9.79	20.58	2.54	29.14	-0.08	0.06
Change in Unearned Revenue	0.09	-1.11	-0.53	-0.84	-0.9	-
Change in Other Net Operating Assets	8.23	-6.62	38.32	13.88	-7.7	3.5
Operating Cash Flow	-4.17	-5.12	-12.36	16.33	-2.57	-0.04
Capital Expenditures	-1.28	-1.32	-3.66	-1.89	-2.4	-0.07
Sale of Property, Plant & Equipment	0.13	0.13	-	0.53	0.5	-
Investing Cash Flow	-1.14	-1.19	-3.66	-1.36	-1.89	-0.07
Short-Term Debt Issued	-	20.23	20.32	-	-	0.01
Long-Term Debt Issued	-	-	-	-	0.83	-
Total Debt Issued	20.09	20.23	20.32	-	0.83	0.01
Short-Term Debt Repaid	-	-1.32	-	-0.09	-	-
Long-Term Debt Repaid	-	-0.13	-	-1.25	-0.08	-
Total Debt Repaid	-1	-1.45	-	-1.34	-0.08	-
Net Debt Issued (Repaid)	19.09	18.78	20.32	-1.34	0.75	0.01
Other Financing Activities	-26.54	-25.34	-10.24	-4.95	9.08	-
Financing Cash Flow	36.58	-6.56	10.09	-6.3	9.82	0.01
Miscellaneous Cash Flow Adjustments	2.75	3.73	5.13	-	-	-
Net Cash Flow	34.02	-9.13	-0.8	8.67	5.36	-0.09
Free Cash Flow	-5.44	-6.44	-16.02	14.44	-4.97	-0.1
Free Cash Flow Margin	-2.72%	-3.22%	-9.48%	30.49%	-138.43%	-3.28%
Free Cash Flow Per Share	-0.10	-0.14	-0.36	0.32	-0.19	-0.01
Cash Interest Paid	27.13	25.94	10.24	-	-	-
Cash Income Tax Paid	3.62	4.73	6.54	5.15	-	-
Levered Free Cash Flow	-32.65	-19.17	-19.26	-29.08	-7.71	-1.86
Unlevered Free Cash Flow	-12.89	-2.9	-12.85	-29.08	-6.44	-0.23
Change in Working Capital	-0.65	7.73	-0.85	20.91	-6.8	2.73