IST:GMTAS 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-66.87	363.89	5.03	-4.19
Depreciation & Amortization	72.29	33.35	24.46	16.17
Asset Writedown & Restructuring Costs	7.11	-	-	-165.49
Other Operating Activities	175.27	-202.83	19.87	133.33
Change in Accounts Receivable	3.82	-14.78	19.49	-6.88
Change in Inventory	-149.39	55.15	60.14	-33.03
Change in Accounts Payable	-5.7	56.43	11.45	23.91
Change in Unearned Revenue	9.13	-1.52	-14.63	3.77
Change in Other Net Operating Assets	106.74	23.27	16.23	34.34
Operating Cash Flow	152.4	312.95	142.05	1.93
Operating Cash Flow Growth	-51.35%	120.31%	7247.51%	-
Capital Expenditures	-127.6	-16.21	-18.27	-7.2
Sale (Purchase) of Intangibles	-131.81	-46.84	-42.19	-0.28
Investing Cash Flow	-259.21	-63.05	-60.47	-7.48
Long-Term Debt Issued	-	6.24	46.05	5.52
Long-Term Debt Repaid	-	-16.44	-5.04	-
Net Debt Issued (Repaid)	55.76	-10.2	41.01	5.52
Common Dividends Paid	-97.3	-	-	-31.55
Financing Cash Flow	-41.54	-10.2	41.01	-26.04
Miscellaneous Cash Flow Adjustments	-68.98	-82.09	-81.43	-
Net Cash Flow	-217.34	157.61	41.16	-31.58
Free Cash Flow	24.8	296.75	123.78	-5.26
Free Cash Flow Growth	-91.98%	139.74%	-	-
Free Cash Flow Margin	0.61%	10.50%	4.50%	-0.39%
Free Cash Flow Per Share	-	1.99	0.83	-0.04
Levered Free Cash Flow	-70.62	236.05	85.25	-
Unlevered Free Cash Flow	-45.19	242.56	105.46	-
Change in Working Capital	-35.41	118.55	92.68	22.11

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