IST:GIPTA 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	575.56	181.63	198.7	2.26	15.02	3.85
Depreciation & Amortization	26.08	23.72	27.28	2.89	1.22	1.03
Loss (Gain) From Sale of Assets	-0.29	-1.58	-1.36	-0.28	0.07	-0.13
Loss (Gain) From Sale of Investments	-452.68	-	-4.73	-0.53	-0.09	-0.14
Provision & Write-off of Bad Debts	1.25	0.72	-0.11	-0.11	-0.01	0.15
Other Operating Activities	-25.09	2.43	-172.4	186.2	-6.33	-1.92
Change in Accounts Receivable	147.22	-109.97	-17.96	-118.15	-8.68	-6.26
Change in Inventory	-99.67	116.4	-29.74	30.56	-7.79	4.59
Change in Accounts Payable	338.16	0.79	-30.72	37.48	10.96	-8.91
Change in Unearned Revenue	-5.4	4.58	-278.98	73.04	43.38	-15.47
Change in Other Net Operating Assets	-58.47	60.95	42.19	56.13	-28.56	13.42
Operating Cash Flow	446.69	279.66	-267.84	269.49	19.18	-9.79
Operating Cash Flow Growth	-	-	-	1304.79%	-	-
Capital Expenditures	-40.64	-42.25	-123.61	-13.35	-9.25	-2.58
Sale of Property, Plant & Equipment	6.16	8.46	3.16	1.55	-	0.41
Sale (Purchase) of Intangibles	-0.03	-	-0.03	-0.11	-0.04	-0.1
Investment in Securities	-450.17	66.95	-309.98	-58.55	8.56	-10.5
Other Investing Activities	444.69	338.29	175.03	12	4.75	4.13
Investing Cash Flow	-39.98	371.45	-255.43	-58.47	4.02	-8.64
Long-Term Debt Issued	-	82	139.1	133.08	39.31	75.23
Long-Term Debt Repaid	-	-259.67	-109.32	-	-28.3	-46.11
Net Debt Issued (Repaid)	108.56	-177.67	29.78	133.08	11.02	29.12
Issuance of Common Stock	-	-	1,025	68.61	-	17.17
Common Dividends Paid	-131.17	-34.73	-51.6	-54.38	-	-
Other Financing Activities	-32.5	-58.19	-99.54	-36.98	-4.64	-3.95
Financing Cash Flow	-55.11	-270.6	903.26	110.33	6.38	42.34
Miscellaneous Cash Flow Adjustments	-209.23	-226.77	-178.82	-146.1	-	-
Net Cash Flow	142.38	153.74	201.17	175.24	29.58	23.91
Free Cash Flow	406.05	237.41	-391.45	256.14	9.94	-12.37
Free Cash Flow Growth	-	-	-	2477.23%	-	-
Free Cash Flow Margin	23.90%	11.39%	-20.89%	20.30%	6.49%	-8.18%
Free Cash Flow Per Share	3.08	1.80	-2.97	2.56	0.17	-0.21
Cash Interest Paid	32.5	58.19	99.54	36.98	4.64	3.95
Cash Income Tax Paid	42.61	77.88	77.24	-	-	-
Levered Free Cash Flow	238.29	75.23	-411.82	-54.54	-22.83	-
Unlevered Free Cash Flow	238.29	120.61	-298.01	-25.59	-19.84	-
Change in Working Capital	321.84	72.75	-315.21	79.06	9.31	-12.63

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