IST:HDFGS 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	302.11	-294.71	-463.82	415.91	19.71	259.55
Depreciation & Amortization	2.41	1.86	0.81	0.57	0.32	0.29
Loss (Gain) From Sale of Investments	-757.42	-619.63	-411.19	-883.99	14.76	-180.52
Other Operating Activities	376.55	-12.76	110.36	-36.53	-0.11	-51.93
Change in Accounts Receivable	2.05	-1.74	-0.04	2.81	2.28	-3.3
Change in Accounts Payable	-2.94	-0.26	0.1	-0.37	-0.01	0.11
Change in Other Net Operating Assets	-92.43	1,560	1,815	294.82	-147.47	-20.29
Operating Cash Flow	-169.66	632.77	1,052	-206.78	-110.51	3.91
Operating Cash Flow Growth	-	-39.83%	-	-	-	-
Capital Expenditures	-0.56	-0.59	-0.24	-1.14	-0.06	-0.42
Sale of Property, Plant & Equipment	0.38	0.31	0.03	0.72	0.34	-
Divestitures	90	90	-	-	-	-
Sale (Purchase) of Intangibles	-0.16	-0.04	-0.09	-0.13	-	-
Investment in Securities	-18.3	26.56	-183.35	-	-	-
Other Investing Activities	44.63	-0.24	0.27	-	-	-
Investing Cash Flow	115.98	115.99	-183.38	-0.55	0.28	-0.42
Long-Term Debt Issued	-	-	-	1.79	-	-
Long-Term Debt Repaid	-	-0.61	-0.38	-	-	-
Net Debt Issued (Repaid)	-0.61	-0.61	-0.38	1.79	-	-
Issuance of Common Stock	565	-	-	173.55	140.12	-
Repurchase of Common Stock	-	-	-	-	-41.71	-
Other Financing Activities	9.52	0.47	0.5	0	-	-
Financing Cash Flow	573.91	-0.14	0.12	175.34	98.41	-
Miscellaneous Cash Flow Adjustments	-519.75	-746.87	-872.45	-	-	-
Net Cash Flow	0.48	1.75	-4	-31.99	-11.81	3.49
Free Cash Flow	-170.22	632.18	1,051	-207.92	-110.57	3.49
Free Cash Flow Growth	-	-39.88%	-	-	-	-
Free Cash Flow Margin	-52.75%	141.66%	166.20%	-20.60%	-582.53%	1.33%
Free Cash Flow Per Share	-0.17	1.12	1.86	-0.37	-0.20	0.02
Cash Interest Paid	0.51	1.26	0.18	-	-	-
Cash Income Tax Paid	0.16	0.02	-0.34	-0.97	-	-0.23
Levered Free Cash Flow	287.8	213.38	400.6	591.47	-1.37	156.92
Unlevered Free Cash Flow	288.31	214.37	400.71	591.49	-1.33	156.97
Change in Working Capital	-93.31	1,558	1,816	297.26	-145.2	-23.48

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