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	624.34	181.63	198.7	2.26	15.02	3.85
Depreciation & Amortization	28.84	23.72	27.28	2.89	1.22	1.03
Loss (Gain) From Sale of Assets	-0.61	-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	-22.22	2.43	-172.4	186.2	-6.33	-1.92
Change in Accounts Receivable	-156.98	-109.97	-17.96	-118.15	-8.68	-6.26
Change in Inventory	10.45	116.4	-29.74	30.56	-7.79	4.59
Change in Accounts Payable	403.35	0.79	-30.72	37.48	10.96	-8.91
Change in Unearned Revenue	-148.98	4.58	-278.98	73.04	43.38	-15.47
Change in Other Net Operating Assets	21.21	60.95	42.19	56.13	-28.56	13.42
Operating Cash Flow	307.97	279.66	-267.84	269.49	19.18	-9.79
Operating Cash Flow Growth	476.71%	-	-	1304.79%	-	-
Capital Expenditures	-42.44	-42.25	-123.61	-13.35	-9.25	-2.58
Sale of Property, Plant & Equipment	7.13	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	-422.52	66.95	-309.98	-58.55	8.56	-10.5
Other Investing Activities	469.23	338.29	175.03	12	4.75	4.13
Investing Cash Flow	11.36	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)	107.39	-177.67	29.78	133.08	11.02	29.12
Issuance of Common Stock	-	-	1,025	68.61	-	17.17
Common Dividends Paid	-142.05	-34.73	-51.6	-54.38	-	-
Other Financing Activities	-37.16	-58.19	-99.54	-36.98	-4.64	-3.95
Financing Cash Flow	-71.83	-270.6	903.26	110.33	6.38	42.34
Miscellaneous Cash Flow Adjustments	-225.94	-226.77	-178.82	-146.1	-	-
Net Cash Flow	21.57	153.74	201.17	175.24	29.58	23.91
Free Cash Flow	265.53	237.41	-391.45	256.14	9.94	-12.37
Free Cash Flow Growth	-	-	-	2477.23%	-	-
Free Cash Flow Margin	12.17%	11.39%	-20.89%	20.30%	6.49%	-8.18%
Free Cash Flow Per Share	-	1.80	-2.97	2.56	0.17	-0.21
Cash Interest Paid	-	58.19	99.54	36.98	4.64	3.95
Cash Income Tax Paid	77.88	77.88	77.24	-	-	-
Levered Free Cash Flow	219.55	75.23	-411.82	-54.54	-22.83	-
Unlevered Free Cash Flow	219.55	120.61	-298.01	-25.59	-19.84	-
Change in Working Capital	129.05	72.75	-315.21	79.06	9.31	-12.63

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