IST:DAPGM 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	1,044	1,084	2,322	1,946	312.29
Depreciation & Amortization	39.18	35.47	23.19	10.06	0.96
Other Amortization	5.75	6.18	-	-	-
Other Operating Activities	3,563	3,365	175.22	698.16	85.76
Change in Accounts Receivable	-5,888	-5,992	-2,851	-5,412	-906.2
Change in Inventory	-395.97	-52.43	-107.45	34.97	-60.29
Change in Accounts Payable	16.81	-10.98	-53.2	22.91	-61.43
Change in Other Net Operating Assets	780.81	1,644	292.77	2,374	58.98
Operating Cash Flow	-834.42	79.39	-198.68	-325.88	-569.93
Capital Expenditures	-2.92	-24.19	-	-154.14	-5.35
Sale of Property, Plant & Equipment	-	2.57	0.44	0.54	0
Divestitures	-	-	-	-	0.1
Sale (Purchase) of Intangibles	-	-13.63	-23.7	-1.69	-0.34
Other Investing Activities	-8.36	-0.22	-148.25	-30.87	-0.04
Investing Cash Flow	-11.28	-35.46	-171.51	-186.17	-5.63
Long-Term Debt Issued	592.93	302.59	525.31	336.16	440.42
Net Debt Issued (Repaid)	592.93	302.59	525.31	336.16	440.42
Issuance of Common Stock	-	0.06	1,486	-	190
Repurchase of Common Stock	-10.36	-9.83	-	-	-
Other Financing Activities	-	-	-	-1.32	0
Financing Cash Flow	582.56	292.82	2,011	334.83	630.42
Miscellaneous Cash Flow Adjustments	-516.55	-671.66	-	-	-
Net Cash Flow	-779.69	-334.91	1,641	-177.22	54.86
Free Cash Flow	-837.34	55.2	-198.68	-480.03	-575.28
Free Cash Flow Margin	-10.45%	0.62%	-1.93%	-6.14%	-63.05%
Free Cash Flow Per Share	-0.32	-	-0.08	-0.20	-0.46
Cash Income Tax Paid	-	0.22	114.16	0.86	0.04
Levered Free Cash Flow	1,625	2,252	909.76	1,725	-
Unlevered Free Cash Flow	2,203	2,614	1,122	1,800	-
Change in Working Capital	-5,486	-4,411	-2,719	-2,980	-968.94

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