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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-67.89	-75.83	248.06	206.23	-18.7	27.22
Depreciation & Amortization	52.91	51.92	48.76	36.61	19.69	2.29
Loss (Gain) From Sale of Assets	-27.11	3.01	7.01	-0.69	-3.27	-1.21
Asset Writedown & Restructuring Costs	-2.5	-3.33	-387.65	-178.44	103.79	-50.77
Provision & Write-off of Bad Debts	-0.6	-0.6	-0.47	-2.29	-0.45	-
Other Operating Activities	24.4	20.6	-15.86	-64.91	-164.54	8.47
Change in Accounts Receivable	104.6	111.82	-57.72	-31.63	6.28	-21.5
Change in Inventory	-66.73	-5.8	-0.19	-176.64	-87.06	-19.2
Change in Accounts Payable	20.12	-23.92	19.12	-8.21	-	30.97
Change in Other Net Operating Assets	-127.04	-121.66	134.29	30.33	29.04	14.04
Operating Cash Flow	-89.83	-43.79	-4.66	-189.65	-115.22	-9.7
Capital Expenditures	-1.94	-2.34	-16.08	-45.89	-17.7	-40.31
Sale of Property, Plant & Equipment	-	-	2.56	12.05	3.27	2.72
Sale (Purchase) of Intangibles	-5.4	-5.4	-7.43	-9.59	-17.19	-
Sale (Purchase) of Real Estate	23.96	31.29	25.38	-	-	-6.52
Investing Cash Flow	16.63	23.55	4.43	-43.43	-31.62	-44.12
Long-Term Debt Issued	-	189.32	457.52	248.24	133.88	302.53
Long-Term Debt Repaid	-	-176.89	-442.65	-47.18	-133.85	-253.85
Net Debt Issued (Repaid)	45.53	12.43	14.87	201.06	0.03	48.68
Issuance of Common Stock	-	-	-	-	193.45	4.02
Repurchase of Common Stock	-4.64	-4.64	-	-	-	-
Financing Cash Flow	40.89	7.78	14.87	201.06	193.47	52.71
Miscellaneous Cash Flow Adjustments	-3.21	-4.07	-5.76	-28.25	-2.04	-
Net Cash Flow	-35.52	-16.52	8.88	-60.27	44.6	-1.11
Free Cash Flow	-91.77	-46.13	-20.74	-235.54	-132.92	-50.01
Free Cash Flow Margin	-22.43%	-9.98%	-2.96%	-47.98%	-36.56%	-52.18%
Free Cash Flow Per Share	-	-0.08	-0.04	-0.43	-0.24	-0.13
Cash Income Tax Paid	-	-0.2	0.92	2.76	3.48	3.73
Levered Free Cash Flow	-256.46	-42.2	-115.1	-315.25	-119.91	-26.19
Unlevered Free Cash Flow	-223.81	-17.9	-83.08	-287.28	-107.23	-24.9
Change in Working Capital	-69.04	-39.57	95.49	-186.15	-51.74	4.31

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