IST:GOODY Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-2,973	-1,150	-641.83	-769.96	367.47
Depreciation & Amortization	946.73	963.56	766.4	458	77.01
Loss (Gain) From Sale of Assets	4.47	-8.92	-10.38	4.54	-0.49
Asset Writedown & Restructuring Costs	22.79	28.99	91.41	16.45	1.82
Provision & Write-off of Bad Debts	69.52	235.53	132.15	6.52	0.97
Other Operating Activities	1,578	451.02	-928.17	1,171	71.97
Change in Accounts Receivable	-965.95	-52.35	-498.82	110.36	-595.9
Change in Inventory	-492.17	950.9	2,579	-845.24	-606.51
Change in Accounts Payable	2,938	1,353	444.81	866.47	765.98
Change in Unearned Revenue	14.43	-29.81	25.13	14.66	-
Change in Other Net Operating Assets	555.03	88.2	-865.99	6.37	8.18
Operating Cash Flow	1,698	2,830	1,094	1,039	90.5
Operating Cash Flow Growth	-40.02%	158.68%	5.34%	1047.69%	-71.26%
Capital Expenditures	-579.7	-419	-593.48	-688.33	-189.34
Sale of Property, Plant & Equipment	4.16	37.43	31.42	-	5.39
Sale (Purchase) of Intangibles	-3.73	-	-	-	-
Other Investing Activities	-	-	-	17.29	5.92
Investing Cash Flow	-579.27	-381.57	-562.06	-671.04	-178.03
Short-Term Debt Issued	-	-	3,692	5,621	119.59
Long-Term Debt Issued	3,465	2,723	-	-	-
Total Debt Issued	3,465	2,723	3,692	5,621	119.59
Short-Term Debt Repaid	-	-	-3,190	-4,450	-
Long-Term Debt Repaid	-3,026	-2,365	-92.88	-57.31	-
Total Debt Repaid	-3,026	-2,365	-3,283	-4,507	-
Net Debt Issued (Repaid)	438.62	357.72	409.56	1,113	119.59
Common Dividends Paid	-	-	-	-	-103.49
Other Financing Activities	-2,015	-1,675	-1,099	-1,242	-78.44
Financing Cash Flow	-1,577	-1,317	-689.88	-128.9	-62.34
Foreign Exchange Rate Adjustments	-421.29	-289.93	247.87	55.67	-
Net Cash Flow	-879.57	841.8	90.07	294.44	-149.86
Free Cash Flow	1,118	2,411	500.66	350.38	-98.83
Free Cash Flow Growth	-53.63%	381.64%	42.89%	-	-
Free Cash Flow Margin	4.14%	8.61%	1.71%	1.69%	-2.13%
Free Cash Flow Per Share	4.14	8.93	1.85	1.30	-0.37
Cash Interest Paid	2,211	2,002	1,193	620.67	84.42
Cash Income Tax Paid	62.14	193.13	-	45.26	110.71
Levered Free Cash Flow	942.81	1,059	1,376	-1,799	-135.46
Unlevered Free Cash Flow	2,348	2,320	2,132	-1,388	-90.54
Change in Working Capital	2,049	2,310	1,685	152.61	-428.24

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.