IST:DAGI Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-103.64	154.05	91.01	-12.62
Depreciation & Amortization	646.75	350.02	172.98	27.19
Other Amortization	1.67	2.05	1.46	0.32
Loss (Gain) From Sale of Assets	-11.35	-6.01	-0	-0.15
Loss (Gain) on Equity Investments	-	1.27	-23.7	3.61
Provision & Write-off of Bad Debts	0.12	0.68	0.26	-0.59
Other Operating Activities	-364.64	-363.79	-212.45	8.22
Change in Accounts Receivable	99.45	-98.64	-	-35.44
Change in Inventory	-18.12	-143.75	-71.16	-54.72
Change in Accounts Payable	-15.53	9.57	-12.65	23.97
Change in Unearned Revenue	-	-	-	0.86
Change in Other Net Operating Assets	52.18	85.6	-125.37	-25.18
Operating Cash Flow	286.89	-8.94	-179.61	-64.52
Capital Expenditures	-46.92	-54.13	-101.55	-19.52
Sale of Property, Plant & Equipment	12.22	8.98	0	0.21
Sale (Purchase) of Intangibles	-1.17	-4.23	-	-0.61
Investment in Securities	-0.44	144.16	53.73	-
Investing Cash Flow	-36.31	94.79	-47.82	-19.92
Long-Term Debt Issued	968.08	1,460	791.32	150.02
Total Debt Issued	968.08	1,460	791.32	150.02
Long-Term Debt Repaid	-904.04	-1,198	-443.71	-125.77
Total Debt Repaid	-904.04	-1,198	-443.71	-125.77
Net Debt Issued (Repaid)	64.04	262.63	347.6	24.24
Issuance of Common Stock	-	-	-	86.88
Other Financing Activities	-366.94	-297.57	-138.87	-11.83
Financing Cash Flow	-302.9	-34.94	208.73	99.29
Foreign Exchange Rate Adjustments	-	-	57.09	-
Miscellaneous Cash Flow Adjustments	-29.4	-27.93	-	-
Net Cash Flow	-81.73	22.98	38.39	14.84
Free Cash Flow	239.96	-63.07	-281.16	-84.04
Free Cash Flow Margin	11.44%	-3.09%	-25.64%	-35.33%
Free Cash Flow Per Share	0.60	-0.16	-0.70	-0.21
Cash Interest Paid	398.98	334.26	145.38	17.7
Cash Income Tax Paid	-	-	-	0.06
Levered Free Cash Flow	239.5	-453.5	-556.19	-100.1
Unlevered Free Cash Flow	504.63	-239.55	-457.31	-87.94
Change in Working Capital	117.97	-147.22	-209.18	-90.52

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