Çan2 Termik A.S. Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-1,709	-1,614	645.03	2,608	-180.96
Depreciation & Amortization	1,954	1,929	1,114	455.72	60.38
Other Amortization	72.58	37.99	38.16	25.7	5.25
Loss (Gain) on Sale of Investments	-	-	-	-340.99	-
Asset Writedown	-	-	-	229.41	2,177
Change in Accounts Receivable	1,031	87.97	-1,080	-1,097	-38.87
Change in Inventory	748.39	329.35	-767.84	-293.51	-94.21
Change in Accounts Payable	-204.56	475.97	202.14	-161.8	25.18
Change in Unearned Revenue	-2,218	2,218	-13.4	-156.09	53.75
Change in Other Net Operating Assets	1,597	-884.15	-961.2	73.93	71.33
Other Operating Activities	-3,739	709.54	7,395	3,428	663.8
Operating Cash Flow	-1,738	3,393	6,574	4,772	2,742
Operating Cash Flow Growth	-	-48.38%	37.76%	74.01%	1259.86%
Capital Expenditures	-	-1,980	-7,165	-1,383	-2,807
Sale of Property, Plant & Equipment	2,595	1.39	3.95	60.65	0.12
Sale (Purchase) of Intangibles	-99.15	-645.85	-205.4	-46.05	-2.8
Other Investing Activities	6.01	8.69	-13.19	6.08	-0.42
Investing Cash Flow	2,502	-2,616	-7,380	-1,362	-2,810
Short-Term Debt Issued	-	-	0.01	0.01	-
Long-Term Debt Issued	1,076	137.04	23.93	180.23	152.61
Total Debt Issued	1,076	137.04	23.94	180.24	152.61
Short-Term Debt Repaid	-0.26	-0.09	-	-	-0.02
Long-Term Debt Repaid	-471.1	-61.42	-4,575	-826.92	-315.72
Total Debt Repaid	-471.36	-61.51	-4,575	-826.92	-315.74
Net Debt Issued (Repaid)	604.29	75.52	-4,551	-646.68	-163.12
Issuance of Common Stock	-	-	6,468	-	252.92
Other Financing Activities	7.84	-	0	-0	-
Financing Cash Flow	612.13	75.52	1,917	-646.68	89.8
Foreign Exchange Rate Adjustments	-1,072	-859.04	-1,447	-2,481	-
Net Cash Flow	303.37	-6.05	-336.29	281.37	22.35
Free Cash Flow	-1,738	1,413	-591.36	3,389	-64.35
Free Cash Flow Margin	-28.22%	17.69%	-7.02%	29.73%	-5.39%
Free Cash Flow Per Share	-0.25	0.46	-0.11	0.57	-0.01
Levered Free Cash Flow	1,120	1,359	-9,203	-700.32	-2,780
Unlevered Free Cash Flow	1,428	1,816	-8,718	-207.76	-2,631
Change in Working Capital	954.6	2,227	-2,620	-1,634	17.17

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