IST:EBEBK 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-133.11	84.6	436.17	269.41	-2.56	11.56
Depreciation & Amortization	931.79	565.76	598.72	330.02	78.57	62.59
Loss (Gain) From Sale of Assets	-3.79	-7.77	-50.83	-11.26	-	-
Other Operating Activities	-170.92	-494.41	-838.31	-537.97	121.65	-41.81
Change in Accounts Receivable	-41.61	-29.97	-10.92	-39.83	-	-
Change in Inventory	27.6	-386.11	-376.8	-790.83	-	-
Change in Accounts Payable	696.69	1,981	1,480	1,380	-	-
Change in Other Net Operating Assets	447.2	158.28	-470.05	-123.62	-	-
Operating Cash Flow	1,754	1,871	767.7	475.5	197.66	32.34
Operating Cash Flow Growth	-2.51%	143.70%	61.45%	140.56%	511.30%	-
Capital Expenditures	-790.89	-713.57	-597.04	-294.35	-79	-54.2
Sale of Property, Plant & Equipment	14.81	15.05	82.6	25.85	-	-
Sale (Purchase) of Intangibles	-368.66	-225.79	-113.42	-20.66	-	-
Investment in Securities	-126.53	58.96	-123.4	-	-	-
Other Investing Activities	-3.09	-25.56	-	-	0.08	-0.01
Investing Cash Flow	-1,274	-890.9	-751.27	-289.17	-78.92	-54.21
Short-Term Debt Issued	-	1,201	1,890	914.56	-	-
Total Debt Issued	2,779	1,201	1,890	914.56	-	-
Short-Term Debt Repaid	-	-1,082	-1,690	-661.54	-	-
Long-Term Debt Repaid	-	-288.21	-224.15	-152.32	-	-
Total Debt Repaid	-1,797	-1,370	-1,914	-813.86	-	-
Net Debt Issued (Repaid)	982.27	-169.24	-23.68	100.7	-	-
Issuance of Common Stock	-	-	1,535	-	-	-
Other Financing Activities	-465.74	-384.09	-367.14	-237.24	-105.1	11.94
Financing Cash Flow	516.53	-553.33	1,144	-136.54	-105.1	11.94
Foreign Exchange Rate Adjustments	18.24	-19.68	12.68	-0.95	-	-
Miscellaneous Cash Flow Adjustments	-294.11	-384.37	-50.22	-25.48	-	-
Net Cash Flow	720.14	22.61	1,123	23.36	13.65	-9.93
Free Cash Flow	962.96	1,157	170.65	181.14	118.66	-21.86
Free Cash Flow Growth	-2.72%	578.18%	-5.79%	52.65%	-	-
Free Cash Flow Margin	4.68%	6.32%	1.04%	2.08%	5.75%	-1.44%
Free Cash Flow Per Share	6.02	7.23	1.07	1.13	-	-
Cash Interest Paid	384.09	384.09	367.14	237.24	-	-
Cash Income Tax Paid	130.17	72.5	69.55	59.85	-	-
Levered Free Cash Flow	-152.9	364.97	-1,285	-794.83	8.71	-
Unlevered Free Cash Flow	-21.55	464.5	-1,188	-739.23	73.42	-
Change in Working Capital	1,130	1,723	621.95	425.28	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.