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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	174.7	164.51	167.19	17.09
Depreciation & Amortization	14.66	12.66	9.56	6.82
Other Amortization	27.64	19.57	11.03	5.1
Loss (Gain) From Sale of Assets	-3.73	0.89	10.77	7.83
Provision & Write-off of Bad Debts	-0.12	-0.06	-0.39	-0.14
Other Operating Activities	91.19	65.59	-7.59	-4.57
Change in Accounts Receivable	-279.2	-248.57	-17.62	-51.2
Change in Inventory	-65.12	-60.3	-104.43	10.95
Change in Accounts Payable	-12.3	83.51	-2.04	8.24
Change in Unearned Revenue	-14.38	12.73	121.59	3.95
Change in Other Net Operating Assets	-155.14	-58.09	-129.51	8.78
Operating Cash Flow	-221.8	-7.56	58.56	12.85
Operating Cash Flow Growth	-	-	355.76%	-
Capital Expenditures	-92.66	-93.32	-19.68	-43.08
Sale of Property, Plant & Equipment	4.57	3.65	26	15.58
Investing Cash Flow	-88.19	-89.67	6.32	-27.5
Long-Term Debt Issued	-	260.48	51.15	-
Long-Term Debt Repaid	-	-	-	-2.58
Net Debt Issued (Repaid)	452.58	260.48	51.15	-2.58
Issuance of Common Stock	-	-	-	22
Repurchase of Common Stock	-	-	-18.41	-
Common Dividends Paid	-	-18.15	-21.68	-
Other Financing Activities	-91.81	-64.13	-32	-8.64
Financing Cash Flow	360.77	178.21	-20.93	10.78
Foreign Exchange Rate Adjustments	39.85	10.51	-21.46	8.49
Net Cash Flow	90.63	91.48	22.49	4.62
Free Cash Flow	-314.46	-100.88	38.87	-30.23
Free Cash Flow Margin	-42.64%	-16.06%	9.19%	-19.34%
Free Cash Flow Per Share	-2.52	-0.81	0.31	-0.24
Cash Interest Paid	105.23	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	-526.15	-270.72	-132.01	-19.29

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