IST:EGEPO 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	2.66	-30.16	132.51	-146.42	17.44
Depreciation & Amortization	172.45	175.33	114.98	76.67	11.81
Loss (Gain) From Sale of Assets	-0.3	131.75	-	-	-0.07
Asset Writedown & Restructuring Costs	-1.45	0.67	1.32	0.37	-4.28
Other Operating Activities	-7.67	-56.2	-80.03	59.57	-8.55
Change in Accounts Receivable	-27.24	33.92	-64.54	8.85	-1.34
Change in Inventory	2.51	5.23	6.25	5.95	-2.66
Change in Accounts Payable	-20	-7.18	15.88	-21.1	14.75
Change in Other Net Operating Assets	-1.27	9.12	-0.19	-4.34	0.28
Operating Cash Flow	119.7	262.49	126.17	-20.45	27.4
Operating Cash Flow Growth	-54.40%	108.05%	-	-	-15.04%
Capital Expenditures	-139.63	-122.58	-171.16	-99.75	-107.3
Sale of Property, Plant & Equipment	-	-	-	-	2.1
Sale (Purchase) of Intangibles	-17.77	-5.53	-1.79	-0.59	-0.21
Investment in Securities	-43.8	31.59	28.63	-36.55	5.57
Other Investing Activities	-	-0	0	-	-
Investing Cash Flow	-201.2	-96.51	-144.32	-136.89	-99.84
Long-Term Debt Issued	13.81	28.37	534.73	108.76	-
Long-Term Debt Repaid	-36.45	-83.5	-558.1	-41.05	-13.64
Net Debt Issued (Repaid)	-22.64	-55.13	-23.38	67.7	-13.64
Issuance of Common Stock	-	-	-	-	118.5
Other Financing Activities	25	-3.89	-6.82	8.42	4.06
Financing Cash Flow	2.37	-59.02	-30.2	76.12	108.92
Miscellaneous Cash Flow Adjustments	47.67	29.21	70.1	-0	-
Net Cash Flow	-31.47	136.16	21.75	-81.22	36.48
Free Cash Flow	-19.93	139.9	-44.99	-120.2	-79.91
Free Cash Flow Margin	-1.48%	10.59%	-5.05%	-24.09%	-47.07%
Free Cash Flow Per Share	-0.04	0.28	-0.09	-0.24	-0.16
Cash Interest Paid	3.66	28.94	24.04	4.03	2.15
Cash Income Tax Paid	-8.36	9.44	74.02	-6.85	4.68
Levered Free Cash Flow	56.66	154.47	-8.37	5.37	-79.58
Unlevered Free Cash Flow	64.68	180.48	13.15	14.8	-75.91
Change in Working Capital	-46	41.09	-42.6	-10.64	11.04

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