IST:ERSU 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	-107.82	-123.05	-8	-11.07	-39.31	0.55
Depreciation & Amortization	12.42	27.8	21.28	29.95	5.03	2.77
Other Amortization	0.19	0.19	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	0.06	-	-
Other Operating Activities	110.96	92.49	-8.33	-24.91	22.1	-2.91
Change in Accounts Receivable	7.09	0.11	12.17	-10.88	-2.82	4.32
Change in Inventory	-13.69	23.38	-28.4	34.86	-2.91	-6.94
Change in Accounts Payable	40.36	-6.51	1.43	-	17.17	-0.17
Change in Unearned Revenue	0.78	-0	-0.55	-3.67	8.09	2.72
Change in Other Net Operating Assets	-190.54	-92.81	-19.19	-12.95	-4.16	-0.41
Operating Cash Flow	-140.25	-78.41	-29.57	1.38	3.22	-0.06
Operating Cash Flow Growth	-	-	-	-57.08%	-	-
Capital Expenditures	-16.68	-8.34	-7.27	-2.71	-0.82	-0.27
Sale of Property, Plant & Equipment	0.52	-	157.07	-	-	0.14
Investing Cash Flow	-16.17	-8.34	149.8	-2.71	-0.82	-0.13
Foreign Exchange Rate Adjustments	-16.97	-28.57	-0.37	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-1.46	-	-
Net Cash Flow	-28.27	-115.32	119.86	-2.79	2.4	-0.19
Free Cash Flow	-156.93	-86.75	-36.84	-1.33	2.4	-0.33
Free Cash Flow Margin	-120.82%	-53.48%	-23.39%	-1.14%	1.95%	-1.34%
Free Cash Flow Per Share	-4.36	-2.41	-1.02	-0.04	0.07	-0.01
Cash Interest Paid	1.13	-	-	-	-	-
Cash Income Tax Paid	0.27	0.4	5.65	-0.28	6.72	0.18
Levered Free Cash Flow	47.43	21.44	-26.34	0.51	-18.39	0.26
Unlevered Free Cash Flow	47.69	21.97	-25.89	0.86	-17.96	0.63
Change in Working Capital	-156	-75.84	-34.53	7.36	15.39	-0.47

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