IST:EKDMR Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	357.55	446.3	621.72	272.62
Depreciation & Amortization	181.38	167.1	145.32	118.58
Other Amortization	1	0.78	0.51	0.33
Other Operating Activities	663.1	647.94	240.98	-580.67
Change in Accounts Receivable	-177.64	-365.41	-179.82	-2.29
Change in Inventory	-1,815	305.67	-963.47	-381.91
Change in Accounts Payable	407.23	383.94	84.65	437.25
Change in Unearned Revenue	610.07	-187.49	42.43	11.06
Change in Other Net Operating Assets	-1,140	-767.37	-114.44	551.71
Operating Cash Flow	-912.05	631.46	-122.13	426.69
Capital Expenditures	-814.46	-776.52	-312.06	-158.6
Sale of Property, Plant & Equipment	7.53	3.66	37.01	416.37
Sale (Purchase) of Intangibles	-1.75	-3.34	-1.62	-0.94
Sale (Purchase) of Real Estate	-0.26	-0.26	-0.71	-1.92
Other Investing Activities	-170.28	-1,691	-	-
Investing Cash Flow	-979.22	-2,467	-277.37	254.91
Short-Term Debt Issued	-	3,663	2,057	615.19
Total Debt Issued	4,313	3,663	2,057	615.19
Short-Term Debt Repaid	-	-2,616	-949.47	-1,009
Total Debt Repaid	-2,790	-2,616	-949.47	-1,009
Net Debt Issued (Repaid)	1,524	1,048	1,108	-394.21
Other Financing Activities	-327.29	-301.03	-140.65	-156.68
Financing Cash Flow	1,196	746.86	967.03	-550.89
Foreign Exchange Rate Adjustments	215.51	0.4	-3.58	2.81
Net Cash Flow	-479.37	-1,089	563.94	133.52
Free Cash Flow	-1,727	-145.06	-434.19	268.09
Free Cash Flow Margin	-8.10%	-0.70%	-2.58%	2.43%
Free Cash Flow Per Share	-6.17	-0.52	-1.55	0.96
Cash Interest Paid	566.56	581.79	374.31	209.52
Levered Free Cash Flow	-	-656.87	-498.01	-
Unlevered Free Cash Flow	-	-575.56	-467.86	-
Change in Working Capital	-2,115	-630.66	-1,131	615.83