IST:CCOLA 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	14,072	19,390	29,713	13,877	2,271
Depreciation & Amortization	7,638	7,561	5,324	3,984	1,100
Loss (Gain) From Sale of Assets	5.31	202.07	-230.85	-407.29	-162.74
Asset Writedown & Restructuring Costs	56.38	18.05	46.51	-50.27	245.55
Loss (Gain) on Equity Investments	-2.96	6.27	24.32	5.19	3.67
Provision & Write-off of Bad Debts	-9.55	92.18	50.07	-34.2	-26.11
Other Operating Activities	6,236	-10,159	-11,511	-7,381	-73.83
Change in Accounts Receivable	-2,063	-268.22	-3,100	-938.13	-802.46
Change in Inventory	1,059	5,486	181.3	-4,142	-1,263
Change in Accounts Payable	32.81	-306.84	-1,898	2,016	2,240
Change in Other Net Operating Assets	349.17	-101.75	-490.29	22.95	424.56
Operating Cash Flow	27,374	21,920	18,109	6,952	3,957
Operating Cash Flow Growth	24.88%	21.04%	160.48%	75.69%	36.17%
Capital Expenditures	-12,420	-15,257	-8,129	-5,286	-1,200
Sale of Property, Plant & Equipment	335.6	292.71	324.18	511.26	225.37
Cash Acquisitions	-	-1,069	-4,336	-	-2,796
Sale (Purchase) of Intangibles	-1,449	-1,076	-720.82	-449.06	-105.38
Other Investing Activities	-97.45	133.36	478.32	-1,358	-50.48
Investing Cash Flow	-13,631	-16,977	-12,383	-6,583	-3,926
Long-Term Debt Issued	36,366	49,992	27,646	34,928	1,389
Long-Term Debt Repaid	-41,772	-45,550	-24,191	-21,270	-2,091
Net Debt Issued (Repaid)	-5,407	4,441	3,455	13,658	-702
Common Dividends Paid	-3,530	-3,240	-1,588	-1,290	-712.28
Other Financing Activities	-10,664	-14,921	-7,863	-2,262	-838.76
Financing Cash Flow	-19,601	-13,720	-5,996	10,106	-2,253
Foreign Exchange Rate Adjustments	2,404	94.82	118.63	2,688	1,703
Miscellaneous Cash Flow Adjustments	-679.87	-1,993	-1,767	-1,291	-
Net Cash Flow	-4,133	-10,675	-1,918	11,873	-518.99
Free Cash Flow	14,955	6,663	9,981	1,666	2,757
Free Cash Flow Growth	124.45%	-33.24%	499.20%	-39.58%	19.15%
Free Cash Flow Margin	7.99%	3.70%	6.84%	1.79%	12.57%
Free Cash Flow Per Share	5.34	2.38	3.57	0.59	0.98
Cash Interest Paid	12,701	10,729	5,064	2,535	524.33
Cash Income Tax Paid	3,431	6,240	4,602	2,940	759.7
Levered Free Cash Flow	6,396	-4,660	4,857	540.68	1,211
Unlevered Free Cash Flow	14,176	3,188	8,852	2,512	1,554
Change in Working Capital	-621.8	4,809	-5,307	-3,041	598.7

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.