IST:GUNDG 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-80.61	-103.94	-22.6	30.39
Depreciation & Amortization	27.1	36.89	37.41	12.91
Other Amortization	-	-	-	0.85
Loss (Gain) From Sale of Assets	2.02	2.02	0.04	-
Asset Writedown & Restructuring Costs	0.25	-3.23	-2.08	-1.99
Other Operating Activities	-64.73	9.51	-223.25	-53.86
Change in Accounts Receivable	328.5	98.85	-	123.15
Change in Inventory	119.88	-43	22.87	-60.76
Change in Accounts Payable	-100.42	-52.88	-	-193.55
Change in Unearned Revenue	-53.8	-0.28	-62.39	-85.12
Change in Other Net Operating Assets	-655.85	-18.1	-35.35	237.59
Operating Cash Flow	-477.66	-74.16	-285.37	9.6
Capital Expenditures	-73.92	-62.79	-65.49	-28.12
Sale of Property, Plant & Equipment	491.49	6.33	0.32	0.76
Investing Cash Flow	417.57	-56.46	-65.17	-27.36
Long-Term Debt Issued	-	112.17	-	406.51
Long-Term Debt Repaid	-	-	-109.77	-370.05
Net Debt Issued (Repaid)	-7.8	112.17	-109.77	36.46
Issuance of Common Stock	-	-	439.29	-
Other Financing Activities	34	-6.25	-9.37	-1.27
Financing Cash Flow	26.2	105.92	320.15	35.19
Miscellaneous Cash Flow Adjustments	-37.06	-22.66	42.61	13.14
Net Cash Flow	-70.95	-47.36	12.22	30.57
Free Cash Flow	-551.58	-136.95	-350.85	-18.52
Free Cash Flow Margin	-33.41%	-7.42%	-12.39%	-0.77%
Free Cash Flow Per Share	-14.14	-3.51	-9.00	-0.62
Cash Interest Paid	3.86	6.25	9.37	1.27
Cash Income Tax Paid	-	-27.3	-5.44	10.67
Levered Free Cash Flow	25.8	1.22	-210.71	-
Unlevered Free Cash Flow	26.34	2.06	-207.29	-
Change in Working Capital	-361.68	-15.41	-74.88	21.3