IST:ETILR 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	-17.94	11.38	43.85	-38.49	39.43	14.7
Depreciation & Amortization	33.02	30.54	22.53	11.73	4.54	0.61
Loss (Gain) From Sale of Assets	-0.37	-0.37	-	-	-	-0.1
Provision & Write-off of Bad Debts	-2.27	1.05	2.14	0.47	-0.82	0.05
Other Operating Activities	190.52	71.49	91.23	31.28	-2.79	-0.99
Change in Accounts Receivable	350.21	-213.21	-194.16	27.8	-109.02	-21.26
Change in Inventory	-469.89	-115.46	53.58	-59.97	6.38	-4.54
Change in Accounts Payable	-164.91	92.47	11.96	-23.81	62.64	5.87
Change in Unearned Revenue	-17.44	-17.53	-8.81	24	37.23	0.67
Change in Other Net Operating Assets	52.94	-19.59	-34.74	-29.45	-13.43	-2.5
Operating Cash Flow	-46.13	-159.23	-12.42	-56.42	24.16	-7.49
Capital Expenditures	-42.89	-43.79	-31.98	-54.41	-84.75	-
Sale of Property, Plant & Equipment	0.71	0.71	0.08	51.43	1.21	0.09
Sale (Purchase) of Real Estate	-	-	-	-	-	-5.13
Investing Cash Flow	-42.18	-43.08	-31.9	-2.99	-83.53	-5.04
Long-Term Debt Issued	-	505.48	316.18	201.87	90.23	0.02
Total Debt Issued	511.53	505.48	316.18	201.87	90.23	0.02
Long-Term Debt Repaid	-	-276.61	-200.85	-108.23	-11.46	-
Total Debt Repaid	-308.42	-276.61	-200.85	-108.23	-11.46	-
Net Debt Issued (Repaid)	203.11	228.86	115.33	93.64	78.77	0.02
Issuance of Common Stock	120	120	-	-	-	-
Other Financing Activities	-22.8	-10.63	-74.95	-25.81	-5.03	-0.24
Financing Cash Flow	300.31	338.23	40.37	67.84	73.74	-0.23
Miscellaneous Cash Flow Adjustments	-156.82	-8.05	-16.9	-21.75	-	-
Net Cash Flow	55.19	127.88	-20.85	-13.32	14.36	-12.76
Free Cash Flow	-89.02	-203.01	-44.41	-110.84	-60.59	-7.49
Free Cash Flow Margin	-4.83%	-9.56%	-3.07%	-23.22%	-21.54%	-25.63%
Free Cash Flow Per Share	-	-0.85	-0.37	-0.92	-0.51	-0.06
Cash Interest Paid	68.49	68.49	74.95	25.81	5.03	0.24
Cash Income Tax Paid	-	-	-0.1	-1.47	5.04	1.6
Levered Free Cash Flow	-243.8	-139.99	-190.04	-131.1	-158.89	-18.12
Unlevered Free Cash Flow	-191.89	-97.18	-143.2	-114.23	-155.13	-18.1
Change in Working Capital	-249.08	-273.32	-172.17	-61.42	-16.2	-21.76

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