IST:DITAS 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	-436.48	-205.6	-23.32	26.92	27.35
Depreciation & Amortization	256.42	177.29	171.67	119.41	10.17
Other Amortization	-	28.15	20.41	9.85	2.08
Loss (Gain) From Sale of Assets	-	0.35	-3.97	-34.44	-0.86
Provision & Write-off of Bad Debts	-3.39	1.65	-	3.03	1.08
Other Operating Activities	142.36	-268.94	-168.62	-239.08	3.26
Change in Accounts Receivable	-76.47	20.98	-170.15	-103.06	-24.43
Change in Inventory	-8.88	37.92	-20.33	-15.13	-22.09
Change in Accounts Payable	185.75	-35.16	82.41	53.18	6.45
Change in Unearned Revenue	-52.63	13.57	15.17	4.94	2.11
Change in Other Net Operating Assets	700.5	7.66	40.71	-7.33	-15.26
Operating Cash Flow	707.19	-222.13	-56.02	-181.71	-10.17
Capital Expenditures	-111.57	-75.08	-165.65	-66.77	-13.64
Sale of Property, Plant & Equipment	42.82	84.05	8.7	37.48	1.55
Sale (Purchase) of Intangibles	-	-60.3	-54.96	-20.16	-4.52
Sale (Purchase) of Real Estate	-	-	-1.37	-	-0.16
Investment in Securities	-	-	-	-44.67	-
Other Investing Activities	-5.9	-6.59	1.14	0.06	-0.09
Investing Cash Flow	-74.65	-57.92	-212.14	-94.06	-16.86
Long-Term Debt Issued	1,111	907.19	1,147	984.87	58.86
Long-Term Debt Repaid	-1,572	-491.4	-944.93	-675.9	-30.3
Net Debt Issued (Repaid)	-460.71	415.79	202.15	308.97	28.56
Issuance of Common Stock	-	-	61.36	52.96	16
Common Dividends Paid	-	-	-	-1.34	-0.6
Other Financing Activities	-173.78	-110.33	-43.09	-73.55	-1.66
Financing Cash Flow	-634.49	305.46	220.42	287.04	42.31
Foreign Exchange Rate Adjustments	-	-	-	-0.28	-0.28
Miscellaneous Cash Flow Adjustments	-10.94	-4.43	-40.27	6.08	4.16
Net Cash Flow	-12.88	20.98	-88.01	17.07	19.16
Free Cash Flow	595.62	-297.21	-221.67	-248.48	-23.81
Free Cash Flow Margin	28.91%	-17.68%	-10.18%	-16.60%	-9.23%
Free Cash Flow Per Share	-	-3.50	-5.22	-9.08	-1.00
Cash Interest Paid	-	120.79	62.92	77.59	1.75
Cash Income Tax Paid	-	0.56	1.4	3.85	0.1
Levered Free Cash Flow	302.05	-188.81	-349.27	-340.99	-18.97
Unlevered Free Cash Flow	581.85	-107.01	-294.12	-276.94	-17.5
Change in Working Capital	748.28	44.97	-52.18	-67.4	-53.23

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