IST:FLAP 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	-41.57	17.07	-90.36	180.57	-37.93	29.84
Depreciation & Amortization	3.98	4.05	2.91	1.91	1.33	0.24
Loss (Gain) From Sale of Assets	-	-	-	-	-	-0.07
Asset Writedown & Restructuring Costs	-10.03	-9.73	-	-22.37	-1.99	-1.18
Loss (Gain) From Sale of Investments	-	-	-	-23.97	3.25	-
Loss (Gain) on Equity Investments	10.1	-22.86	9.33	-16.85	3.68	-5.47
Other Operating Activities	73.69	24.43	129.48	-134.39	71.64	-9.03
Change in Accounts Receivable	5.56	14.96	48.57	5.7	13.69	8.84
Change in Inventory	-82.56	-56.78	-48.88	-1	-	-
Change in Accounts Payable	37.19	-	-	-10.61	10.72	1.87
Change in Unearned Revenue	73.75	97.97	0.23	-	-	-
Change in Other Net Operating Assets	43.21	-64.2	-14.86	34.67	-29.96	-2.69
Operating Cash Flow	113.31	4.91	36.42	13.67	34.43	22.35
Operating Cash Flow Growth	184.69%	-86.51%	166.42%	-60.30%	54.04%	247.53%
Capital Expenditures	-92.11	-1.95	-3.54	-1.04	-0.77	-0.37
Sale of Property, Plant & Equipment	-	-	-	-	-	0.42
Sale (Purchase) of Real Estate	-	-	-	-	-78.53	-1.26
Investment in Securities	-	-	-	-	-	-7.22
Investing Cash Flow	-92.11	-1.95	-3.54	-1.04	-79.3	-8.43
Short-Term Debt Issued	-	-	-	-	0.87	0.07
Long-Term Debt Issued	-	15.74	0.94	23.37	45.57	1.57
Total Debt Issued	15.74	15.74	0.94	23.37	46.44	1.64
Short-Term Debt Repaid	-	-	-	-0.84	-	-
Long-Term Debt Repaid	-	-2.6	-39.39	-15.8	-40.41	-4.47
Total Debt Repaid	-17.53	-2.6	-39.39	-16.64	-40.41	-4.47
Net Debt Issued (Repaid)	-1.79	13.13	-38.45	6.73	6.03	-2.83
Issuance of Common Stock	-	-	-	-	-	62.77
Common Dividends Paid	-6.78	-6.78	-8.55	-	-15.23	-
Financing Cash Flow	-8.58	6.35	-47	6.73	-9.2	59.94
Foreign Exchange Rate Adjustments	-8.09	-8.09	-22.72	-37.97	-105.74	-
Net Cash Flow	-0.92	1.22	-36.84	-18.61	-159.81	73.86
Free Cash Flow	21.2	2.96	32.88	12.63	33.66	21.98
Free Cash Flow Growth	-44.05%	-90.99%	160.26%	-62.47%	53.15%	285.71%
Free Cash Flow Margin	5.85%	0.83%	7.06%	3.31%	15.89%	47.86%
Free Cash Flow Per Share	-	0.03	0.35	0.14	0.36	0.34
Cash Interest Paid	-	-	1.14	-	-	-
Cash Income Tax Paid	-	-1.07	-2.44	-	-	-
Levered Free Cash Flow	-41.37	42.44	-53.77	-9.25	-45.08	-0.9
Unlevered Free Cash Flow	-39.56	42.89	-53.77	-6.73	-43.91	-0.85
Change in Working Capital	77.14	-8.04	-14.95	28.76	-5.55	8.01

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