IST:DERHL 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	25.67	53.16	106.78	56.08	27.33	7.38
Depreciation & Amortization	69.68	74.36	65.36	43.44	3.62	2.06
Loss (Gain) From Sale of Assets	-6.45	-6.63	-0.32	-1.28	-0.46	-1.37
Asset Writedown & Restructuring Costs	4.39	4.39	8.93	-5.76	-1.73	-0.68
Loss (Gain) on Equity Investments	-	-	-	-	-33.03	-
Provision & Write-off of Bad Debts	-0.1	-0.14	0.34	0.12	-0.1	-
Other Operating Activities	82.72	52.18	-455.02	1,108	0.37	-0.63
Change in Accounts Receivable	114.84	-314.94	40.03	-287.72	4.89	6.65
Change in Inventory	-151.94	-410.73	-180.57	-22.72	-13.66	-3.32
Change in Accounts Payable	-32.88	5.38	246.8	-206.91	15.31	-5.7
Change in Unearned Revenue	-1.02	-4.12	46.92	-34.5	0.63	-0.19
Change in Other Net Operating Assets	-102.58	-33.13	18.39	79.43	-19.88	-0.02
Operating Cash Flow	2.33	-580.22	-102.34	728.34	-16.73	4.17
Capital Expenditures	-80.45	-12.96	-22.62	-653.4	-12.87	-1.39
Sale of Property, Plant & Equipment	3.52	3.52	107.12	1.05	1.99	0.33
Divestitures	-	-	86.07	-	-	-
Sale (Purchase) of Intangibles	-4.02	-1.97	-3.47	-1.69	-0.63	-0.11
Sale (Purchase) of Real Estate	-10	-	-6.5	-	0.6	14.21
Investment in Securities	-	-	-	-	-	-4.5
Investing Cash Flow	-90.96	-11.42	160.61	-654.04	-10.9	8.53
Long-Term Debt Issued	-	114.92	-	-	75.81	14.51
Long-Term Debt Repaid	-	-	-186.27	-175.89	-6.11	-33.44
Net Debt Issued (Repaid)	246.95	114.92	-186.27	-175.89	69.69	-18.93
Issuance of Common Stock	-	463	108.28	47.25	-	-
Common Dividends Paid	-	-	-	-	-	-0.92
Other Financing Activities	-	-	14.85	-	-9.76	10.05
Financing Cash Flow	126.08	577.92	-63.13	-128.64	59.94	-9.8
Miscellaneous Cash Flow Adjustments	45.46	33.59	35.08	-	-	-
Net Cash Flow	85.3	19.87	30.22	-54.34	32.3	2.9
Free Cash Flow	-78.12	-593.17	-124.96	74.95	-29.6	2.78
Free Cash Flow Margin	-2.50%	-19.26%	-4.84%	4.44%	-9.58%	1.36%
Free Cash Flow Per Share	-0.40	-3.01	-0.83	1.00	-0.45	0.04
Cash Interest Paid	-	-	-	0.42	0.54	0.21
Cash Income Tax Paid	34.64	21.45	18.16	12.65	1.48	1.11
Levered Free Cash Flow	-766.33	-683.74	-505.73	-790.95	-21.81	-0.7
Unlevered Free Cash Flow	-592.8	-587.94	-412.56	-753.01	-20.49	1.22
Change in Working Capital	-173.58	-757.53	171.57	-472.42	-12.72	-2.59

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