IST:COSMO 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	12.73	5.12	-6.48	9.77	2.71
Depreciation & Amortization	6.33	6.55	4.24	1.38	1.2
Other Amortization	-	0.02	0.01	0	-
Loss (Gain) From Sale of Assets	-5.33	-0.48	-0.54	-5.23	-
Loss (Gain) on Equity Investments	-	1.67	0.28	2.65	-
Provision & Write-off of Bad Debts	-0.31	0.32	0.06	0.05	-
Other Operating Activities	-11.05	8.33	15.64	-10.01	1.69
Change in Accounts Receivable	18.31	-101.58	-116.48	-19.14	-0.12
Change in Inventory	-55.73	-0.61	-5.45	-25.81	-7.52
Change in Accounts Payable	-43.6	114.55	76.05	18.96	0.66
Change in Unearned Revenue	51.26	4.56	0.45	33.57	2.99
Change in Other Net Operating Assets	5.92	-34.8	1.54	-10.34	-5.6
Operating Cash Flow	-21.47	3.65	-30.66	-4.14	-3.99
Capital Expenditures	-31.42	-11.78	-17.04	-6.01	-0.75
Sale of Property, Plant & Equipment	23.6	6.8	1.29	-	-
Cash Acquisitions	-	-	-	-2.91	-
Divestitures	-	-	-	48.96	-
Sale (Purchase) of Intangibles	-0	-0.11	-0.07	-0.03	-0.06
Sale (Purchase) of Real Estate	-	-8	-	-	-
Investment in Securities	-1.17	-	-	-5.57	-
Other Investing Activities	17.94	-	-	-	-
Investing Cash Flow	8.94	-13.09	-15.81	34.44	-0.8
Long-Term Debt Issued	8.17	9.64	4.89	2.42	-
Total Debt Issued	8.17	9.64	4.89	2.42	-
Short-Term Debt Repaid	-	-	-	-	-0.09
Total Debt Repaid	-	-	-	-	-0.09
Net Debt Issued (Repaid)	8.17	9.64	4.89	2.42	-0.09
Issuance of Common Stock	89.64	-	-	-	5.33
Other Financing Activities	-68.73	-1.41	-2.31	-0.32	-
Financing Cash Flow	29.08	8.23	2.58	2.1	5.24
Miscellaneous Cash Flow Adjustments	1.94	-	0	-	-
Net Cash Flow	18.49	-1.21	-43.89	32.4	0.45
Free Cash Flow	-52.89	-8.12	-47.7	-10.15	-4.73
Free Cash Flow Margin	-8.28%	-1.17%	-10.28%	-6.21%	-16.23%
Free Cash Flow Per Share	-	-1.25	-7.34	-1.56	-0.73
Cash Interest Paid	-	4.18	3.06	0.81	-
Cash Income Tax Paid	-	11.5	3.65	5.17	1.09
Levered Free Cash Flow	124.17	-125.29	-81.63	10.78	-2.51
Unlevered Free Cash Flow	133.18	-112.98	-74.54	11.82	-2.51
Change in Working Capital	-23.84	-17.88	-43.88	-2.75	-9.59

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