IST:DGATE Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	69.91	17.34	-84.61	-198.26	-127.35	31.33
Depreciation & Amortization	53.61	34.03	11.1	14.7	5.99	1.64
Asset Writedown & Restructuring Costs	-0.08	-0.08	0.25	-0.22	-0.43	-
Provision & Write-off of Bad Debts	2.42	2.18	0.53	1.07	-0.58	1.55
Other Operating Activities	478.44	455.89	250.81	154.27	301.51	37.96
Change in Accounts Receivable	-1,326	-1,247	-1,881	-1,119	-109.49	-76.42
Change in Inventory	-93.82	-96.8	-17.68	-34.32	-111.21	5
Change in Accounts Payable	2,424	1,184	1,973	1,325	146.29	37.65
Change in Unearned Revenue	-11.19	-48.48	51.2	53.6	-	-
Change in Other Net Operating Assets	-575.45	-510.16	29.45	54.91	170.8	0.13
Operating Cash Flow	1,023	-209.1	333.3	251.35	275.53	38.85
Operating Cash Flow Growth	178.04%	-	32.61%	-8.78%	609.20%	-
Capital Expenditures	-2.78	-3.2	-6.32	-0.32	-0.37	-0.36
Sale of Property, Plant & Equipment	-0.02	-	-	-	0.02	-
Sale (Purchase) of Intangibles	-327	-327	-0.82	-2.72	-0.06	-0.16
Investing Cash Flow	-329.8	-330.2	-7.14	-3.03	-0.41	-0.52
Long-Term Debt Issued	-	1,765	298.31	7.68	413.1	266.76
Long-Term Debt Repaid	-	-563.63	-313.61	-97.76	-620.89	-285.69
Net Debt Issued (Repaid)	-47.62	1,201	-15.3	-90.08	-207.79	-18.93
Other Financing Activities	-598.06	-573.95	-312.71	-162.72	-101.81	-16.89
Financing Cash Flow	-645.68	627.28	-328.01	-252.8	-309.6	-35.82
Miscellaneous Cash Flow Adjustments	-12.3	-3.93	-8.2	-16.07	-	-
Net Cash Flow	34.74	84.05	-10.05	-20.56	-34.48	2.52
Free Cash Flow	1,020	-212.3	326.98	251.03	275.16	38.49
Free Cash Flow Growth	177.91%	-	30.26%	-8.77%	614.85%	-
Free Cash Flow Margin	6.09%	-1.33%	2.84%	3.38%	6.26%	2.03%
Free Cash Flow Per Share	-	-7.08	10.90	8.37	9.17	1.28
Cash Interest Paid	573.95	573.95	312.71	162.72	101.81	16.89
Cash Income Tax Paid	37.45	37.45	28.14	34.84	54.37	6.18
Levered Free Cash Flow	-498.22	-1,624	-707.39	-223.14	-163.78	-34.89
Unlevered Free Cash Flow	409.37	-712.95	125.95	185.14	-33.49	-3.32
Change in Working Capital	418.21	-718.47	155.23	279.79	96.39	-33.64

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