Enerjisa Enerji A.S. 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	Sep '25 Sep 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	1,155	-4,853	6,522	20,635	2,282	1,088
Depreciation & Amortization	4,344	4,390	4,471	2,795	435.35	414.57
Other Amortization	396.77	356.85	334.71	213.33	37.24	29.51
Asset Writedown	-516.11	777.93	-779.67	627.06	-310.48	-
Change in Accounts Receivable	-15,785	-9,346	-17,039	-3,033	-3,363	-965.77
Change in Inventory	-639.57	92.81	-2,982	-2,213	-277.91	-37.59
Change in Accounts Payable	6,684	3,537	13,647	4,684	2,064	-674.63
Change in Other Net Operating Assets	7,722	298.87	-575.67	-2,771	463.49	1,310
Other Operating Activities	23,821	25,891	1,185	-4,413	2,991	1,675
Operating Cash Flow	30,220	24,623	9,341	19,387	5,057	3,870
Operating Cash Flow Growth	39.24%	163.59%	-51.81%	283.33%	30.67%	4.26%
Capital Expenditures	79.38	-2,038	-3,038	-1,118	-753.88	-310.18
Sale (Purchase) of Intangibles	-16,660	-16,660	-21,319	-10,682	-2,750	-1,845
Investment in Securities	-	-	-	-	126.11	-121.46
Other Investing Activities	2,151	2,650	3,431	477.61	111.55	49.1
Investing Cash Flow	-14,430	-16,048	-20,926	-11,323	-3,266	-2,228
Long-Term Debt Issued	-	43,925	52,468	71,622	16,480	14,075
Long-Term Debt Repaid	-	-22,319	-30,784	-56,276	-15,757	-13,630
Net Debt Issued (Repaid)	9,983	21,606	21,684	15,346	722.94	445.16
Common Dividends Paid	-2,844	-4,007	-5,743	-3,228	-1,134	-708.64
Other Financing Activities	-23,290	-21,187	-9,943	-7,066	-1,557	-1,260
Financing Cash Flow	-16,151	-3,588	5,998	5,053	-1,968	-1,524
Miscellaneous Cash Flow Adjustments	-2,259	-1,998	-7,828	-438.37	-	-
Net Cash Flow	-2,620	2,989	-13,415	12,678	-176.58	118.79
Free Cash Flow	30,299	22,585	6,303	18,268	4,304	3,560
Free Cash Flow Growth	40.87%	258.30%	-65.50%	324.50%	20.88%	2.89%
Free Cash Flow Margin	17.17%	11.85%	2.59%	11.19%	13.04%	16.36%
Free Cash Flow Per Share	25.65	19.12	5.34	15.47	3.64	3.01
Cash Interest Paid	23,290	21,187	9,943	7,066	1,557	1,260
Cash Income Tax Paid	1,934	1,116	4,546	1,183	1,258	444.6
Levered Free Cash Flow	-17,081	-6,547	-28,495	6,429	-4,102	-406.72
Unlevered Free Cash Flow	-2,389	7,643	-18,939	12,016	-3,242	365.16
Change in Working Capital	-2,019	-5,417	-6,950	-3,334	-1,114	-368.06

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