IST:GARAN 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	109,816	109,816	91,243	86,375	58,285	13,467
Depreciation & Amortization	6,320	6,320	3,707	2,246	1,242	942.71
Change in Trading Asset Securities	-15,773	-3,725	-3,410	-3,179	1,894	382.14
Change in Other Net Operating Assets	-933,597	-1,131,499	-769,969	-518,598	-326,007	-193,670
Other Operating Activities	82,846	23,884	-23,428	-22,487	-9,572	-11,507
Operating Cash Flow	-750,387	-995,203	-701,857	-455,644	-274,158	-190,386
Capital Expenditures	-6,775	-10,387	-9,430	-5,115	-2,130	-1,286
Sale of Property, Plant and Equipment	395.99	1,878	2,036	861.37	304.44	667.95
Cash Acquisitions	-	-	-	-	-190.82	-
Investment in Securities	-134,293	-54,549	-39,453	-77,509	-53,235	-11,788
Investing Cash Flow	-140,672	-63,058	-46,847	-81,762	-55,251	-12,406
Long-Term Debt Issued	-	359,289	154,718	60,266	45,197	46,948
Long-Term Debt Repaid	-	-118,079	-46,110	-41,044	-18,220	-16,986
Net Debt Issued (Repaid)	221,023	241,210	108,608	19,223	26,977	29,962
Common Dividends Paid	-10,645	-18,435	-13,100	-8,776	-1,307	-623.8
Net Increase (Decrease) in Deposit Accounts	583,108	1,000,186	556,034	646,925	319,923	222,691
Other Financing Activities	-528.04	-528.04	-241.39	-	-	-
Financing Cash Flow	792,958	1,222,433	651,300	657,371	345,592	252,029
Foreign Exchange Rate Adjustments	9,750	17,646	6,963	23,957	10,819	20,461
Net Cash Flow	-88,351	181,818	-90,441	143,922	27,002	69,699
Free Cash Flow	-757,162	-1,005,590	-711,287	-460,759	-276,288	-191,672
Free Cash Flow Margin	-208.23%	-305.80%	-311.43%	-287.69%	-258.30%	-472.26%
Free Cash Flow Per Share	-	-239.43	-169.35	-109.70	-65.78	-45.64
Cash Interest Paid	575,462	575,462	400,105	119,579	41,065	22,669
Cash Income Tax Paid	30,114	30,114	38,803	22,319	19,598	5,017

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