IST:FADE 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	Sep '25 Sep 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	-165.74	-46.46	185.59	43.34	32.45	14.73
Depreciation & Amortization	22.42	21.11	17.76	7.2	1.34	0.98
Loss (Gain) From Sale of Assets	-3.19	0.04	-6.17	-	-0.92	-0.2
Asset Writedown & Restructuring Costs	61.52	65.34	-303.03	-57.29	-25.95	-4.63
Loss (Gain) From Sale of Investments	-7	6.12	50.33	-50.97	-	0.23
Provision & Write-off of Bad Debts	9.79	11.43	0.26	1.23	0.2	0.2
Other Operating Activities	72.81	-55.47	-74.18	40.19	7.71	5.03
Change in Accounts Receivable	-38.13	-13.03	-13.62	4.09	1.26	-10.84
Change in Inventory	74.67	-30.26	179.48	97.65	-15.47	-3.57
Change in Accounts Payable	44.02	33.96	-1.36	-1.97	5.95	-2.99
Change in Unearned Revenue	-56.08	-1.57	39.74	-0.93	0.33	-4.32
Change in Other Net Operating Assets	12.19	32.86	-8	-8.97	-2.83	-3.08
Operating Cash Flow	31.56	38.74	209.56	50.86	0.13	-14.47
Operating Cash Flow Growth	-81.10%	-81.52%	312.00%	37729.18%	-	-
Capital Expenditures	-28.75	-11.96	-94.5	-28.83	-9.45	-4.44
Sale of Property, Plant & Equipment	15.82	2.68	34.03	3.31	2.74	0.58
Divestitures	-	-	-	-	-	-0.15
Sale (Purchase) of Intangibles	0.02	-0.1	-	-0.11	-	-
Sale (Purchase) of Real Estate	-0.44	-0.06	-0.96	-1.49	-0.19	-0.82
Other Investing Activities	710.34	462.86	196.23	-0	0	-1.96
Investing Cash Flow	696.99	453.42	134.8	-27.12	-6.9	-6.79
Long-Term Debt Issued	-	0.97	62.16	54.94	26.85	28.77
Long-Term Debt Repaid	-	-67.19	-105.04	-63.16	-17.46	-45.04
Net Debt Issued (Repaid)	-17.61	-66.22	-42.87	-8.23	9.39	-16.27
Issuance of Common Stock	-	-	-	-	-	43.73
Other Financing Activities	-58.67	-55.49	-57.04	-6.12	-2.75	-5.92
Financing Cash Flow	-76.29	-121.71	-99.91	-14.35	6.64	21.54
Foreign Exchange Rate Adjustments	5.93	8.12	0.99	-	-	-
Miscellaneous Cash Flow Adjustments	-680.16	-386.46	-234.73	-	-	-
Net Cash Flow	-21.95	-7.88	10.71	9.4	-0.12	0.29
Free Cash Flow	2.82	26.77	115.06	22.04	-9.32	-18.9
Free Cash Flow Growth	-97.67%	-76.73%	422.15%	-	-	-
Free Cash Flow Margin	0.34%	5.16%	24.55%	8.71%	-13.54%	-30.17%
Free Cash Flow Per Share	0.03	0.32	1.37	0.26	-0.11	-0.23
Cash Interest Paid	12.84	10.53	17.21	6.12	2.75	3.22
Cash Income Tax Paid	0.65	-	-	-2.13	0.65	-0.19
Levered Free Cash Flow	-93.23	38.18	-38.98	-107.33	-13.21	-18.03
Unlevered Free Cash Flow	-81.98	47.01	-26.53	-101.54	-11.41	-15.39
Change in Working Capital	40.96	36.64	339.01	67.16	-14.7	-30.82

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.