IST:EBEBK Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	84.6	436.17	269.41	-2.56
Depreciation & Amortization	565.76	598.72	330.02	78.57
Loss (Gain) From Sale of Assets	-7.77	-50.83	-11.26	-
Other Operating Activities	-494.41	-838.31	-537.97	121.65
Change in Accounts Receivable	-29.97	-10.92	-39.83	-
Change in Inventory	-386.11	-376.8	-790.83	-
Change in Accounts Payable	1,981	1,480	1,380	-
Change in Other Net Operating Assets	158.28	-470.05	-123.62	-
Operating Cash Flow	1,871	767.7	475.5	197.66
Operating Cash Flow Growth	143.70%	61.45%	140.56%	511.30%
Capital Expenditures	-713.57	-597.04	-294.35	-79
Sale of Property, Plant & Equipment	15.05	82.6	25.85	-
Sale (Purchase) of Intangibles	-225.79	-113.42	-20.66	-
Investment in Securities	58.96	-123.4	-	-
Other Investing Activities	-25.56	-	-	0.08
Investing Cash Flow	-890.9	-751.27	-289.17	-78.92
Short-Term Debt Issued	1,201	1,890	914.56	-
Total Debt Issued	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	-1,370	-1,914	-813.86	-
Net Debt Issued (Repaid)	-169.24	-23.68	100.7	-
Issuance of Common Stock	-	1,535	-	-
Other Financing Activities	-384.09	-367.14	-237.24	-105.1
Financing Cash Flow	-553.33	1,144	-136.54	-105.1
Foreign Exchange Rate Adjustments	-19.68	12.68	-0.95	-
Miscellaneous Cash Flow Adjustments	-384.37	-50.22	-25.48	-
Net Cash Flow	22.61	1,123	23.36	13.65
Free Cash Flow	1,157	170.65	181.14	118.66
Free Cash Flow Growth	578.18%	-5.79%	52.65%	-
Free Cash Flow Margin	6.32%	1.04%	2.08%	5.75%
Free Cash Flow Per Share	7.23	1.07	1.13	-
Cash Interest Paid	384.09	367.14	237.24	-
Cash Income Tax Paid	72.5	69.55	59.85	-
Levered Free Cash Flow	364.97	-1,285	-794.83	8.71
Unlevered Free Cash Flow	464.5	-1,188	-739.23	73.42
Change in Working Capital	1,723	621.95	425.28	-

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