IST:ENSRI 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	214.49	189.51	206.23	-18.7	27.22	7.7
Depreciation & Amortization	38.55	37.25	36.61	19.69	2.29	1
Loss (Gain) From Sale of Assets	-3.11	5.36	-0.69	-3.27	-1.21	-
Asset Writedown & Restructuring Costs	-294.69	-296.07	-178.44	103.79	-50.77	-9.22
Provision & Write-off of Bad Debts	-0.44	-0.44	-2.29	-0.45	-	-
Other Operating Activities	-138.84	-12.12	-64.91	-164.54	8.47	1.03
Change in Accounts Receivable	-44.1	-44.1	-31.63	6.28	-21.5	4.55
Change in Inventory	63.94	-0.15	-176.64	-87.06	-19.2	-3.92
Change in Accounts Payable	-54.96	14.61	-8.21	-	30.97	-22.04
Change in Other Net Operating Assets	51.1	102.59	30.33	29.04	14.04	0.49
Operating Cash Flow	-168.07	-3.56	-189.65	-115.22	-9.7	-20.41
Capital Expenditures	-1.72	-12.28	-45.89	-17.7	-40.31	-2.45
Sale of Property, Plant & Equipment	4.89	1.95	12.05	3.27	2.72	5.53
Sale (Purchase) of Intangibles	-5.68	-5.68	-9.59	-17.19	-	-
Sale (Purchase) of Real Estate	27.52	19.39	-	-	-6.52	-
Investing Cash Flow	25.01	3.39	-43.43	-31.62	-44.12	3.08
Long-Term Debt Issued	-	349.54	248.24	133.88	302.53	70.78
Long-Term Debt Repaid	-	-338.18	-47.18	-133.85	-253.85	-51.14
Net Debt Issued (Repaid)	151.17	11.36	201.06	0.03	48.68	19.64
Issuance of Common Stock	-	-	-	193.45	4.02	-
Financing Cash Flow	147.03	11.36	201.06	193.47	52.71	19.64
Miscellaneous Cash Flow Adjustments	-12.02	-4.4	-28.25	-2.04	-	-
Net Cash Flow	-8.06	6.78	-60.27	44.6	-1.11	2.3
Free Cash Flow	-169.79	-15.84	-235.54	-132.92	-50.01	-22.86
Free Cash Flow Margin	-33.49%	-2.96%	-47.98%	-36.56%	-52.18%	-42.88%
Free Cash Flow Per Share	-1.45	-0.14	-2.02	-1.14	-0.58	-0.28
Cash Income Tax Paid	2.05	0.7	2.76	3.48	3.73	0.87
Levered Free Cash Flow	-200.05	42.36	-315.25	-119.91	-26.19	-
Unlevered Free Cash Flow	-175.43	66.82	-287.28	-107.23	-24.9	-
Change in Working Capital	15.98	72.95	-186.15	-51.74	4.31	-20.92

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