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 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	1,830	1,272	-226.61	4,103	1,350	94.32
Depreciation & Amortization	2,132	1,974	1,419	1,000	561.13	285.09
Loss (Gain) From Sale of Assets	-0.21	-0.21	-18.6	0.96	-1.12	-0.84
Loss (Gain) From Sale of Investments	-	-	-	-	-	0.44
Provision & Write-off of Bad Debts	-	-	-	-	-	-3.4
Other Operating Activities	3,424	2,073	1,821	985.4	1,183	845.61
Change in Accounts Receivable	1,007	-1,982	1,565	1,865	-2,697	-1,186
Change in Inventory	-6,295	-3,829	6,090	-3,005	-1,898	-573.77
Change in Accounts Payable	-635.29	1,942	-4,401	2,047	603.4	2,294
Change in Other Net Operating Assets	9,720	7,999	-4,990	1,818	-665.56	137.75
Operating Cash Flow	11,183	9,448	1,259	8,814	-1,565	1,893
Operating Cash Flow Growth	503.27%	650.22%	-85.71%	-	-	-
Capital Expenditures	-3,664	-2,480	-2,255	-1,882	-693.42	-204.99
Sale of Property, Plant & Equipment	11.75	0.21	2,089	85.69	2.18	41.5
Cash Acquisitions	-642.69	-642.69	-705.61	10.21	-	-
Sale (Purchase) of Intangibles	-234.52	-212.01	-168.13	-5.71	-18.07	-8.64
Sale (Purchase) of Real Estate	-	-	-	-	-15.94	-24.61
Other Investing Activities	144.5	67.9	59.3	99.58	189.29	27.02
Investing Cash Flow	-4,385	-3,267	-979.87	-1,692	-535.97	-169.71
Long-Term Debt Issued	-	20,221	22,901	13,260	12,551	4,008
Long-Term Debt Repaid	-	-22,137	-22,775	-16,508	-10,308	-4,024
Net Debt Issued (Repaid)	-340.04	-1,916	126.21	-3,248	2,242	-15.24
Other Financing Activities	-2,001	-1,148	-1,832	-1,393	-786.82	-267.07
Financing Cash Flow	-2,341	-3,064	-1,705	-4,641	1,455	-282.3
Foreign Exchange Rate Adjustments	-22.22	-13.08	-26.51	-180.12	-103.14	26.15
Net Cash Flow	4,434	3,104	-1,452	2,300	-748.48	1,467
Free Cash Flow	7,518	6,968	-995.31	6,932	-2,258	1,688
Free Cash Flow Margin	9.60%	9.75%	-1.81%	16.43%	-10.17%	23.03%
Free Cash Flow Per Share	53.03	49.15	-7.02	48.90	-15.93	11.91
Cash Interest Paid	1,822	1,126	1,905	1,429	-	257.76
Cash Income Tax Paid	-	117.59	255.94	1,473	158.18	12.93
Levered Free Cash Flow	2,550	2,542	-3,419	-1,112	-4,860	-276.88
Unlevered Free Cash Flow	3,207	3,356	-2,179	-183.12	-4,416	-154.41
Change in Working Capital	3,797	4,130	-1,736	2,724	-4,657	671.76

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