IST:ECZYT 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	820.43	580.56	1,405	1,033	590.72
Depreciation & Amortization	0.01	0.08	0.12	0.09	0.02
Loss (Gain) From Sale of Investments	-	-	593.9	-411.35	-
Loss (Gain) on Equity Investments	-879.73	-787.36	-1,670	-1,110	-462.29
Other Operating Activities	173.51	405.48	283.83	99.03	15.1
Change in Accounts Receivable	0.14	0.17	0.29	0.99	22.21
Change in Accounts Payable	1.93	-0.8	0.51	-1.06	0.33
Change in Other Net Operating Assets	-1.01	-194.84	152.39	6.75	-0.73
Operating Cash Flow	115.28	3.28	766.28	-382.93	165.37
Operating Cash Flow Growth	3413.07%	-99.57%	-	-	-
Investment in Securities	-	-	55.72	-68.58	178.92
Other Investing Activities	662.9	774.79	582.15	227.03	103.74
Investing Cash Flow	662.9	774.79	637.87	158.45	282.66
Long-Term Debt Repaid	-0.04	-0.07	-0.05	-0.1	-0.02
Total Debt Repaid	-0.04	-0.07	-0.05	-0.1	-0.02
Net Debt Issued (Repaid)	-0.04	-0.07	-0.05	-0.1	-0.02
Common Dividends Paid	-796.1	-827.23	-411.96	-433.13	-130.2
Financing Cash Flow	-796.13	-827.29	-412.01	-433.23	-130.22
Foreign Exchange Rate Adjustments	12.07	10.37	206.62	75.69	9.39
Miscellaneous Cash Flow Adjustments	-185.61	-427	-473.26	-259.06	-
Net Cash Flow	-191.49	-465.85	725.5	-841.09	327.2
Free Cash Flow	115.28	3.28	766.28	-382.93	165.37
Free Cash Flow Growth	3413.07%	-99.57%	-	-	-
Free Cash Flow Per Share	1.10	0.03	7.30	-3.65	1.57
Cash Income Tax Paid	44.76	65.16	50.5	51.31	17.92
Levered Free Cash Flow	-24.42	-182.51	498.97	-457.76	51.36
Unlevered Free Cash Flow	-24.41	-182.5	499	-457.75	51.36
Change in Working Capital	1.06	-195.48	153.19	6.68	21.82

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