IST:DZGYO 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	283.76	626.4	99.44	287.65	98.13
Depreciation & Amortization	16.32	15.84	11.68	8.38	1.89
Loss (Gain) From Sale of Assets	-	-64.26	-30.78	-	-8.58
Asset Writedown & Restructuring Costs	-158.74	-443.72	361.79	-83.92	-40.87
Provision & Write-off of Bad Debts	-1.22	1.6	-7.91	8.15	0.85
Other Operating Activities	-164.8	-21.78	-73.65	-105.14	-28.99
Change in Accounts Receivable	-5.25	-1.83	-232.79	19.83	-7.68
Change in Inventory	-	151.15	839.51	685.02	252.78
Change in Accounts Payable	-2.94	0.57	-57.56	-95.14	-305.84
Change in Unearned Revenue	421.9	790.99	-	-	-
Change in Other Net Operating Assets	-10.54	-172.96	-326.02	-59.04	37.56
Operating Cash Flow	378.49	882.02	583.71	665.79	-0.74
Operating Cash Flow Growth	-57.09%	51.11%	-12.33%	-	-
Capital Expenditures	-	-0.81	-0.66	-	-1.98
Sale (Purchase) of Real Estate	-15.01	99.68	-927.89	-17.51	35.81
Investment in Securities	-342.17	-1,094	-281.56	-29.15	-
Other Investing Activities	303.47	86.91	78.4	70.91	4.9
Investing Cash Flow	-53.71	-908.05	-1,132	24.26	38.72
Short-Term Debt Issued	-	-	-	-	101.56
Long-Term Debt Issued	-	-	-	-	19.47
Total Debt Issued	-	-	-	-	121.03
Short-Term Debt Repaid	-	-	-	-32.06	-390.95
Long-Term Debt Repaid	-	-	-	-0.14	-
Total Debt Repaid	-	-	-	-32.21	-390.95
Net Debt Issued (Repaid)	-	-	-	-32.21	-269.92
Issuance of Common Stock	-	-	-	-	250.25
Other Financing Activities	-7.58	-6.29	-	-0.09	-15.48
Financing Cash Flow	-7.58	-6.29	-	-32.29	-35.15
Miscellaneous Cash Flow Adjustments	-30.24	-14.58	-383.17	-3.75	-
Net Cash Flow	286.96	-46.89	-931.17	654	2.83
Free Cash Flow	378.49	881.21	583.04	665.79	-2.73
Free Cash Flow Growth	-57.05%	51.14%	-12.43%	-	-
Free Cash Flow Margin	341.77%	139.58%	53.10%	49.13%	-0.58%
Free Cash Flow Per Share	0.95	2.20	1.46	1.66	-0.01
Cash Interest Paid	7.58	6.29	-	0.09	15.48
Cash Income Tax Paid	56.34	0.06	3.16	2.8	0.25
Levered Free Cash Flow	-15.56	435.15	-383.82	-191.73	53.96
Unlevered Free Cash Flow	-10.82	443.55	-382.97	-190.85	63.63
Change in Working Capital	403.17	767.93	223.14	550.68	-23.18

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