IST:ELITE Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	193.48	394.85	185.89	-60.55	38.03	29.38
Depreciation & Amortization	66.37	45.9	29.04	6.34	3.57	3.42
Other Operating Activities	-65.88	-81.37	-13.55	-56.47	2.57	5.7
Change in Accounts Receivable	139.09	-82.41	-41.46	357.05	-191.94	-53.28
Change in Inventory	36.74	-51.85	7.46	0.43	-2.7	-26.8
Change in Accounts Payable	-62.88	-37.97	9.73	-285.24	97.2	17.61
Change in Unearned Revenue	10.41	-	-	26.45	-	-
Change in Other Net Operating Assets	85.96	28.22	1.74	10.26	31.03	-28.98
Operating Cash Flow	403.33	215.36	178.86	-1.74	-22.24	-52.95
Operating Cash Flow Growth	85.53%	20.41%	-	-	-	-
Capital Expenditures	-47.28	-84.8	-76.46	-31.41	-3.45	-2.63
Sale of Property, Plant & Equipment	3.87	-	0.25	7.92	-	-
Sale (Purchase) of Real Estate	-	-	-	-10.88	-	-
Other Investing Activities	-0	-	-	-	-0.03	-
Investing Cash Flow	-43.41	-84.8	-76.2	-34.36	-3.49	-2.63
Long-Term Debt Issued	-	147.62	129.64	30	83.21	66.24
Long-Term Debt Repaid	-	-211.83	-62.68	-91.26	-99.91	-
Net Debt Issued (Repaid)	-80.31	-64.21	66.96	-61.26	-16.71	66.24
Issuance of Common Stock	-	-	-	-	61.2	0.2
Common Dividends Paid	-	-	-114.77	-123.94	-	-
Other Financing Activities	-119.78	-	-	-	25.43	16.73
Financing Cash Flow	-200.08	-64.21	-47.81	-185.2	69.92	83.16
Foreign Exchange Rate Adjustments	-8.61	-8.61	-	-	-	-
Miscellaneous Cash Flow Adjustments	-28.95	-14.25	-44.07	-	-	-
Net Cash Flow	122.28	43.49	10.77	-221.3	44.2	27.58
Free Cash Flow	356.05	130.56	102.4	-33.15	-25.69	-55.58
Free Cash Flow Growth	296.97%	27.51%	-	-	-	-
Free Cash Flow Margin	23.07%	7.43%	8.29%	-3.16%	-8.42%	-27.02%
Free Cash Flow Per Share	2.75	1.01	0.79	-0.26	-0.20	-
Cash Interest Paid	56.02	47.43	17.89	-	2.03	-
Cash Income Tax Paid	-	-	-	25.8	10.85	-
Levered Free Cash Flow	69.46	119.35	-142.99	-178.85	12.73	-
Unlevered Free Cash Flow	122.45	148.99	-131.81	-174.92	14	-
Change in Working Capital	209.32	-144.01	-22.52	108.95	-66.41	-91.45

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.