IST:EYGYO Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-656.33	157.57	350.12	317.13
Depreciation & Amortization	8.8	8.69	2.17	1.32
Asset Writedown & Restructuring Costs	512.61	-869.24	-2.79	-145.69
Provision & Write-off of Bad Debts	-0.01	-	1.24	0.53
Other Operating Activities	-535.79	-663.67	55.05	7.04
Change in Accounts Receivable	-49.31	-12.7	25.96	44.33
Change in Inventory	543.09	690.14	1,048	-542.35
Change in Accounts Payable	36.8	-96.55	-296.73	-139.12
Change in Unearned Revenue	-23.69	-184.3	-2,388	613.42
Change in Other Net Operating Assets	137.67	127.76	510.66	-412.23
Operating Cash Flow	-26.16	-842.31	-694.29	-255.63
Capital Expenditures	-1.38	-9.8	-15.25	-1.81
Sale (Purchase) of Real Estate	-53.97	-2.69	-72.98	-22.62
Investing Cash Flow	-55.35	-12.49	-88.23	-24.43
Long-Term Debt Issued	144.05	866.41	457.48	167.46
Long-Term Debt Repaid	-3.35	-3.27	-	-
Net Debt Issued (Repaid)	140.7	863.14	457.48	167.46
Issuance of Common Stock	-	-	-	27.19
Common Dividends Paid	-20.18	-33.05	-	-
Other Financing Activities	-	-	-	359.69
Financing Cash Flow	120.52	830.09	457.48	554.34
Miscellaneous Cash Flow Adjustments	-5.53	-17.04	-126.24	0
Net Cash Flow	33.48	-41.75	-451.28	274.28
Free Cash Flow	-27.54	-852.11	-709.54	-257.44
Free Cash Flow Margin	-3.88%	-37.86%	-35.11%	-180.72%
Free Cash Flow Per Share	-0.04	-1.22	-1.01	-0.37
Cash Income Tax Paid	0.29	0.21	0.01	0.01
Levered Free Cash Flow	594.84	283.55	-1,623	-
Unlevered Free Cash Flow	712.96	617.43	-1,506	-
Change in Working Capital	644.56	524.35	-1,100	-435.96

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