IST:EKDMR 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	446.3	621.72	272.62
Depreciation & Amortization	167.1	145.32	118.58
Other Amortization	0.78	0.51	0.33
Other Operating Activities	647.94	240.98	-580.67
Change in Accounts Receivable	-365.41	-179.82	-2.29
Change in Inventory	305.67	-963.47	-381.91
Change in Accounts Payable	383.94	84.65	437.25
Change in Unearned Revenue	-187.49	42.43	11.06
Change in Other Net Operating Assets	-767.37	-114.44	551.71
Operating Cash Flow	631.46	-122.13	426.69
Capital Expenditures	-776.52	-312.06	-158.6
Sale of Property, Plant & Equipment	3.66	37.01	416.37
Sale (Purchase) of Intangibles	-3.34	-1.62	-0.94
Sale (Purchase) of Real Estate	-0.26	-0.71	-1.92
Other Investing Activities	-1,691	-	-
Investing Cash Flow	-2,467	-277.37	254.91
Short-Term Debt Issued	3,663	2,057	615.19
Total Debt Issued	3,663	2,057	615.19
Short-Term Debt Repaid	-2,616	-949.47	-1,009
Total Debt Repaid	-2,616	-949.47	-1,009
Net Debt Issued (Repaid)	1,048	1,108	-394.21
Other Financing Activities	-301.03	-140.65	-156.68
Financing Cash Flow	746.86	967.03	-550.89
Foreign Exchange Rate Adjustments	0.4	-3.58	2.81
Net Cash Flow	-1,089	563.94	133.52
Free Cash Flow	-145.06	-434.19	268.09
Free Cash Flow Margin	-0.70%	-2.58%	2.43%
Free Cash Flow Per Share	-0.52	-1.55	0.96
Cash Interest Paid	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	-630.66	-1,131	615.83