IST:GOZDE Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-5,738	-6,410	-10,369	-12,714	218.06	7,454
Depreciation & Amortization	0.21	0.22	0.17	0.14	0.04	0.01
Loss (Gain) From Sale of Investments	5,618	6,337	12,268	13,134	365.47	-7,809
Other Operating Activities	269.09	210.4	-986.82	1,367	813.8	294.15
Change in Accounts Receivable	-1.57	-1.57	-	-	-	-
Change in Accounts Payable	-26.77	4.06	-268.4	-476.03	-213.5	230.16
Change in Other Net Operating Assets	3,509	3,594	-3,330	-94.01	7.26	-29.8
Operating Cash Flow	3,630	3,735	-2,686	1,217	1,191	139.76
Operating Cash Flow Growth	-	-	-	2.19%	752.25%	-
Capital Expenditures	-0.28	-0.59	-0.01	-0.11	-0.15	-0.01
Investment in Securities	-96.82	-119.24	2,563	-0.36	5.5	971.31
Other Investing Activities	135.97	576.42	2,275	122.01	1.08	18.26
Investing Cash Flow	38.87	456.58	4,839	121.55	6.43	989.56
Long-Term Debt Repaid	-	-3,410	-865.39	-	-353.89	-920.67
Net Debt Issued (Repaid)	-3,265	-3,410	-865.39	-	-353.89	-920.67
Other Financing Activities	-404.39	-781.15	-1,287	-1,339	-843.73	-208.64
Financing Cash Flow	-3,669	-4,191	-2,153	-1,339	-1,198	-1,129
Net Cash Flow	-0.05	-0.1	0.07	0.06	-0.06	0.01
Free Cash Flow	3,630	3,734	-2,686	1,217	1,191	139.75
Free Cash Flow Growth	-	-	-	2.19%	752.22%	-
Free Cash Flow Margin	782493.65%	804926.27%	-71.26%	930.30%	110152.84%	8.24%
Free Cash Flow Per Share	9.43	9.70	-6.98	3.16	3.09	0.36
Cash Interest Paid	781.15	781.15	1,287	1,489	764.57	209.66
Levered Free Cash Flow	3,289	3,251	-3,488	-1,240	-362.04	68.51
Unlevered Free Cash Flow	3,289	3,411	-3,257	-382.53	115.82	202.44
Change in Working Capital	3,480	3,597	-3,599	-570.04	-206.25	200.36

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