IST:DOFRB 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	183.82	164.51	167.19	17.09
Depreciation & Amortization	23	12.66	9.56	6.82
Other Amortization	31.94	19.57	11.03	5.1
Loss (Gain) From Sale of Assets	0.89	0.89	10.77	7.83
Provision & Write-off of Bad Debts	-0.07	-0.06	-0.39	-0.14
Other Operating Activities	63.74	65.59	-7.59	-4.57
Change in Accounts Receivable	-434.42	-248.57	-17.62	-51.2
Change in Inventory	-33.68	-60.3	-104.43	10.95
Change in Accounts Payable	33.29	83.51	-2.04	8.24
Change in Unearned Revenue	33.21	12.73	121.59	3.95
Change in Other Net Operating Assets	-851.04	-58.09	-129.51	8.78
Operating Cash Flow	-959.11	-7.56	58.56	12.85
Operating Cash Flow Growth	-	-	355.76%	-
Capital Expenditures	-98.62	-93.32	-19.68	-43.08
Sale of Property, Plant & Equipment	-5.14	3.65	26	15.58
Investing Cash Flow	-103.76	-89.67	6.32	-27.5
Long-Term Debt Issued	-	260.48	51.15	-
Long-Term Debt Repaid	-	-	-	-2.58
Net Debt Issued (Repaid)	238.56	260.48	51.15	-2.58
Issuance of Common Stock	1,350	-	-	22
Repurchase of Common Stock	-	-	-18.41	-
Common Dividends Paid	-	-18.15	-21.68	-
Other Financing Activities	-99.96	-64.13	-32	-8.64
Financing Cash Flow	1,489	178.21	-20.93	10.78
Foreign Exchange Rate Adjustments	64.8	10.51	-21.46	8.49
Net Cash Flow	490.53	91.48	22.49	4.62
Free Cash Flow	-1,058	-100.88	38.87	-30.23
Free Cash Flow Margin	-122.12%	-16.06%	9.19%	-19.34%
Free Cash Flow Per Share	-7.17	-0.81	0.31	-0.24
Cash Interest Paid	130.43	65.54	20.13	8.81
Cash Income Tax Paid	-	-	2.16	0.03
Levered Free Cash Flow	-	-226.35	-20.08	-
Unlevered Free Cash Flow	-	-185.38	-7.46	-
Change in Working Capital	-1,253	-270.72	-132.01	-19.29

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