IST:GEDIK 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	1,273	366.97	1,114	63.02	240.16	168.69
Depreciation & Amortization, Total	171.72	146.52	54.28	52.53	12.04	10.34
Gain (Loss) On Sale of Investments	31.9	9.94	2.81	0.91	2.59	10.41
Change in Accounts Receivable	-2,797	815.58	2,054	-5,635	-762.94	-948.12
Change in Accounts Payable	1,905	1,690	-465.8	3,943	312.78	700.45
Change in Other Net Operating Assets	-610.68	-1,338	-1,624	-642.01	-286.79	-168.85
Other Operating Activities	-2,174	445.69	25.73	846.66	16.23	-6.25
Operating Cash Flow	-2,042	2,227	1,266	-413.05	-467.89	-228.13
Capital Expenditures	-25.05	-64.34	-52.84	-13.89	-7.42	-10.23
Cash Acquisitions	-93.42	-93.42	-14.5	-66.35	-	-
Sale (Purchase) of Intangibles	-84.94	-106.2	-92.89	-11.51	-1.74	-2.53
Investment in Securities	-164.46	-	-	-	-85.17	3.71
Other Investing Activities	-	-	-	-	74.23	23.23
Investing Cash Flow	-366.21	-263.59	-157.02	-87.11	-17.31	17.43
Short-Term Debt Issued	-	3,431	2,336	2,423	998.3	322.9
Long-Term Debt Issued	-	-	-	-	-	133.11
Total Debt Issued	3,531	3,431	2,336	2,423	998.3	456.01
Short-Term Debt Repaid	-	-1,350	-3,191	-2,165	-358.95	-194.73
Long-Term Debt Repaid	-	-37.48	-29.3	-18.1	-50.3	-4.26
Total Debt Repaid	-460.04	-1,387	-3,220	-2,183	-409.25	-199
Net Debt Issued (Repaid)	3,071	2,044	-884.16	239.82	589.05	257.01
Issuance of Common Stock	-	-	1.28	655.42	-	-
Repurchase of Common Stock	-40.57	-195.88	-16.83	-80.1	-	-
Common Dividends Paid	-343.59	-766.66	-202.58	-166.62	-30	-
Other Financing Activities	1,015	391.89	297.72	145.6	-81.07	-54.45
Financing Cash Flow	3,702	1,473	-804.57	794.12	477.98	202.56
Net Cash Flow	1,066	3,124	-6.96	293.96	-7.22	-8.13
Free Cash Flow	-2,067	2,163	1,213	-426.94	-475.31	-238.35
Free Cash Flow Growth	-	78.32%	-	-	-	-
Free Cash Flow Margin	-0.75%	2.90%	0.86%	-0.28%	-2.53%	-2.98%
Free Cash Flow Per Share	-1.03	1.08	0.61	-0.33	-0.37	-0.18
Cash Interest Paid	12.87	13.63	132.43	35.99	85.13	17.32
Cash Income Tax Paid	297.78	484.74	271.8	69.37	64.27	33.54

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