IST:BRSAN 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	995.58	-226.61	4,103	1,350	94.32	-10.5
Depreciation & Amortization	1,834	1,419	1,000	561.13	285.09	221.45
Loss (Gain) From Sale of Assets	53.71	-18.6	0.96	-1.12	-0.84	2.33
Loss (Gain) From Sale of Investments	-	-	-	-	0.44	1.48
Provision & Write-off of Bad Debts	-	-	-	-	-3.4	0.09
Other Operating Activities	903.79	1,821	985.4	1,183	845.61	-235.93
Change in Accounts Receivable	-1,742	1,565	1,865	-2,697	-1,186	-313.32
Change in Inventory	-2,142	6,090	-3,005	-1,898	-573.77	29.21
Change in Accounts Payable	5,567	-4,401	2,047	603.4	2,294	-16.07
Change in Other Net Operating Assets	2,644	-4,990	1,818	-665.56	137.75	-10.78
Operating Cash Flow	8,114	1,259	8,814	-1,565	1,893	-332.25
Operating Cash Flow Growth	1391.88%	-85.71%	-	-	-	-
Capital Expenditures	-2,068	-2,255	-1,882	-693.42	-204.99	-167.38
Sale of Property, Plant & Equipment	1,032	2,089	85.69	2.18	41.5	0.95
Cash Acquisitions	-645.79	-705.61	10.21	-	-	-
Sale (Purchase) of Intangibles	-192.59	-168.13	-5.71	-18.07	-8.64	-
Sale (Purchase) of Real Estate	-	-	-	-15.94	-24.61	-
Other Investing Activities	66.93	59.3	99.58	189.29	27.02	15.96
Investing Cash Flow	-1,807	-979.87	-1,692	-535.97	-169.71	-150.47
Long-Term Debt Issued	-	22,901	13,260	12,551	4,008	7,383
Long-Term Debt Repaid	-	-22,775	-16,508	-10,308	-4,024	-7,124
Net Debt Issued (Repaid)	-3,736	126.21	-3,248	2,242	-15.24	258.94
Other Financing Activities	-1,256	-1,832	-1,393	-786.82	-267.07	-154.51
Financing Cash Flow	-4,992	-1,705	-4,641	1,455	-282.3	104.43
Foreign Exchange Rate Adjustments	17.58	-26.51	-180.12	-103.14	26.15	222.84
Net Cash Flow	1,332	-1,452	2,300	-748.48	1,467	-155.45
Free Cash Flow	6,046	-995.31	6,932	-2,258	1,688	-499.63
Free Cash Flow Margin	9.55%	-1.81%	16.43%	-10.17%	23.03%	-13.40%
Free Cash Flow Per Share	42.65	-7.02	48.90	-15.93	11.91	-3.52
Cash Interest Paid	1,284	1,905	1,429	-	257.76	174.09
Cash Income Tax Paid	81.5	255.94	1,473	158.18	12.93	-2.18
Levered Free Cash Flow	3,199	-3,419	-1,112	-4,860	-276.88	-208.71
Unlevered Free Cash Flow	4,087	-2,179	-183.12	-4,416	-154.41	-117.93
Change in Working Capital	4,327	-1,736	2,724	-4,657	671.76	-310.97

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