IST:CVKMD 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	891.39	953.86	435.79	630.86	39.32	27.53
Depreciation & Amortization	342.95	307.7	172.48	97.04	34.39	10.45
Asset Writedown & Restructuring Costs	-15.89	-15.89	43.67	-	14.19	3.65
Provision & Write-off of Bad Debts	0.95	-	2.6	2.04	0.2	-
Other Operating Activities	64.08	301.29	120.88	271.33	25.4	20.73
Change in Accounts Receivable	33.32	166.39	68.4	-137.13	-15.95	1.71
Change in Inventory	-279.64	293.84	-343.73	151.41	-78.9	6.95
Change in Accounts Payable	-46.48	-201.14	452.59	16.66	6.29	-4.98
Change in Unearned Revenue	2,392	86.29	23.26	-109.71	-158.35	-30.18
Change in Other Net Operating Assets	5,401	5,122	-614.97	-617.47	233.85	13.68
Operating Cash Flow	8,783	7,014	360.97	304.87	100.42	49.56
Operating Cash Flow Growth	659.47%	1843.08%	18.40%	203.59%	102.64%	-
Capital Expenditures	-1,911	-1,865	-732.71	-232.58	-65.7	-32.33
Sale of Property, Plant & Equipment	134.43	17.65	27.48	19.47	8.08	4.16
Sale (Purchase) of Intangibles	-24.51	-10.59	-2.03	-0.99	-0.33	-0.38
Sale (Purchase) of Real Estate	-38.02	-14.82	-64.81	-	-	-
Investing Cash Flow	-1,839	-1,873	-772.07	-214.1	-57.95	-28.54
Long-Term Debt Issued	-	1,719	259.93	147.98	4.84	2.61
Long-Term Debt Repaid	-	-	-212.13	-93.54	-11.24	-7.37
Net Debt Issued (Repaid)	1,012	1,719	47.8	54.44	-6.4	-4.76
Issuance of Common Stock	-	458.22	1,483	-	-	25
Other Financing Activities	-7,733	-7,558	197.85	-65.87	-1.1	-26.64
Financing Cash Flow	-6,830	-5,381	1,729	-11.43	-7.5	-6.4
Miscellaneous Cash Flow Adjustments	-326.76	-298.74	-364.39	-95.3	-	-
Net Cash Flow	25.75	-538.28	953.04	-15.96	34.97	14.61
Free Cash Flow	6,872	5,149	-371.73	72.28	34.72	17.23
Free Cash Flow Growth	-	-	-	108.18%	101.55%	-
Free Cash Flow Margin	272.90%	164.22%	-14.47%	3.81%	11.99%	9.48%
Free Cash Flow Per Share	5.64	3.68	-0.28	0.06	2.98	3.18
Cash Interest Paid	319.18	203.54	29.2	18.65	1.25	1.64
Levered Free Cash Flow	1,826	697.62	-121.87	-78.73	-16.74	-
Unlevered Free Cash Flow	2,026	824.84	-103.62	-67.08	-15.96	-
Change in Working Capital	7,500	5,467	-414.45	-696.4	-13.06	-12.81

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