IST:FMIZP 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	FY 2021
Period Ending	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	72.69	109	23.73	70	66.69
Depreciation & Amortization	23.5	27.11	8.47	12.48	1.78
Loss (Gain) From Sale of Assets	-	-0.41	-1	-	-
Other Operating Activities	-7.98	-4.85	9.99	-49.41	-0.35
Change in Accounts Receivable	15.54	-23.1	-15.04	19.02	-18
Change in Inventory	-20.3	7.96	-14.61	-9.87	-6.09
Change in Accounts Payable	12.33	2.55	3.53	2.47	5.56
Change in Other Net Operating Assets	0.2	7.16	1.9	6.42	-5.34
Operating Cash Flow	95.99	125.42	16.97	51.11	44.24
Operating Cash Flow Growth	-23.47%	639.19%	-66.80%	15.51%	53.07%
Capital Expenditures	-1.7	-1.63	-5.68	-	-9.61
Sale of Property, Plant & Equipment	-	0.65	1.21	58.74	-
Investing Cash Flow	-1.7	-0.98	-4.47	58.74	-9.61
Long-Term Debt Repaid	-2.96	-2.43	-2.03	-2.13	-0.62
Net Debt Issued (Repaid)	-2.96	-2.43	-2.03	-2.13	-0.62
Common Dividends Paid	-10.07	-	-20.85	-133.05	-30.1
Other Financing Activities	6.13	3.06	0.64	0.33	0.05
Financing Cash Flow	-6.9	0.63	-22.24	-134.85	-30.68
Foreign Exchange Rate Adjustments	116.57	14.54	52.9	-	-
Net Cash Flow	203.95	139.6	43.15	-25	3.96
Free Cash Flow	94.29	123.79	11.29	51.11	34.64
Free Cash Flow Growth	-23.83%	996.63%	-77.91%	47.56%	20.45%
Free Cash Flow Margin	14.82%	18.32%	2.90%	8.50%	18.44%
Free Cash Flow Per Share	6.60	8.67	0.79	3.58	2.43
Cash Income Tax Paid	52.03	37.73	8.11	14.37	14.34
Levered Free Cash Flow	78.52	83.84	61.47	45.3	-0.76
Unlevered Free Cash Flow	78.75	83.92	61.5	46.12	-0.57
Change in Working Capital	7.78	-5.43	-24.22	18.03	-23.87

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.