Enda Enerji Holding A.S. 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	-831.04	-710.37	92.23	1,133	104.32
Depreciation & Amortization	725.52	388.54	475.92	358.21	77.5
Loss (Gain) on Sale of Assets	-0.09	-0.19	-	-10.56	-
Loss (Gain) on Sale of Investments	26.71	-	-	-	-
Asset Writedown	27.55	692.9	-219.93	105.73	-27.67
Change in Accounts Receivable	-15.09	-3.66	-1.81	11.97	9.38
Change in Inventory	-5.9	-4.28	-3	-1.17	-0.08
Change in Accounts Payable	-198.93	-277.97	131.88	134.8	-0.09
Change in Income Taxes	-	-	-	-	-4.68
Change in Other Net Operating Assets	24.11	-35.83	-26.31	-2.92	5.84
Other Operating Activities	-43.42	-513.57	-1,201	-1,380	83.78
Operating Cash Flow	-290.59	-464.42	-752.34	349.12	248.84
Operating Cash Flow Growth	-	-	-	40.30%	10.39%
Capital Expenditures	-396.48	-36.35	-16.04	-	-11.48
Sale of Property, Plant & Equipment	0.09	0.52	-	-	0.37
Cash Acquisitions	-	-208.31	-	-	-
Sale (Purchase) of Intangibles	-	-3.96	-5.19	-	-
Other Investing Activities	-26.71	487.27	-42.4	-65.53	-
Investing Cash Flow	-311.44	10	-131.72	25.1	-24.27
Long-Term Debt Repaid	-329.62	-271.8	-446.11	-445.78	-187.42
Net Debt Issued (Repaid)	-329.62	-271.8	-446.11	-445.78	-187.42
Issuance of Common Stock	1,819	-	-	-	-
Common Dividends Paid	-24.18	-36.24	-23.55	-6.25	-
Other Financing Activities	-94.41	13.41	-28.39	-57.46	-23.22
Financing Cash Flow	1,371	-294.63	-498.05	-509.49	-210.64
Foreign Exchange Rate Adjustments	138.59	72.15	290.88	224.77	108.17
Miscellaneous Cash Flow Adjustments	152.13	247.38	433.17	219.36	-7.36
Net Cash Flow	1,059	-429.52	-658.06	308.86	114.75
Free Cash Flow	-687.07	-500.77	-768.38	349.12	237.36
Free Cash Flow Growth	-	-	-	47.09%	13.00%
Free Cash Flow Margin	-56.60%	-40.73%	-48.78%	19.98%	65.48%
Free Cash Flow Per Share	-	-1.45	-2.22	1.01	-
Cash Interest Paid	-	63.79	109.91	83.69	28.08
Cash Income Tax Paid	-	12.92	47.13	18.31	-
Levered Free Cash Flow	-125.34	406.14	-126.71	712.17	205.01
Unlevered Free Cash Flow	287.26	567.78	129.44	902.19	255.43
Change in Working Capital	-195.82	-321.74	100.76	142.68	10.38

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