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	2015 - 2019
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	2015 - 2019
Net Income	302.11	-294.71	-463.82	415.91	19.71	259.55	Upgrade
Depreciation & Amortization	2.41	1.86	0.81	0.57	0.32	0.29	Upgrade
Loss (Gain) From Sale of Investments	-757.42	-619.63	-411.19	-883.99	14.76	-180.52	Upgrade
Other Operating Activities	376.55	-12.76	110.36	-36.53	-0.11	-51.93	Upgrade
Change in Accounts Receivable	2.05	-1.74	-0.04	2.81	2.28	-3.3	Upgrade
Change in Accounts Payable	-2.94	-0.26	0.1	-0.37	-0.01	0.11	Upgrade
Change in Other Net Operating Assets	-92.43	1,560	1,815	294.82	-147.47	-20.29	Upgrade
Operating Cash Flow	-169.66	632.77	1,052	-206.78	-110.51	3.91	Upgrade
Operating Cash Flow Growth	-	-39.83%	-	-	-	-	Upgrade
Capital Expenditures	-0.56	-0.59	-0.24	-1.14	-0.06	-0.42	Upgrade
Sale of Property, Plant & Equipment	0.38	0.31	0.03	0.72	0.34	-	Upgrade
Divestitures	90	90	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-0.16	-0.04	-0.09	-0.13	-	-	Upgrade
Investment in Securities	-18.3	26.56	-183.35	-	-	-	Upgrade
Other Investing Activities	44.63	-0.24	0.27	-	-	-	Upgrade
Investing Cash Flow	115.98	115.99	-183.38	-0.55	0.28	-0.42	Upgrade
Long-Term Debt Issued	-	-	-	1.79	-	-	Upgrade
Long-Term Debt Repaid	-	-0.61	-0.38	-	-	-	Upgrade
Net Debt Issued (Repaid)	-0.61	-0.61	-0.38	1.79	-	-	Upgrade
Issuance of Common Stock	565	-	-	173.55	140.12	-	Upgrade
Repurchase of Common Stock	-	-	-	-	-41.71	-	Upgrade
Other Financing Activities	9.52	0.47	0.5	0	-	-	Upgrade
Financing Cash Flow	573.91	-0.14	0.12	175.34	98.41	-	Upgrade
Miscellaneous Cash Flow Adjustments	-519.75	-746.87	-872.45	-	-	-	Upgrade
Net Cash Flow	0.48	1.75	-4	-31.99	-11.81	3.49	Upgrade
Free Cash Flow	-170.22	632.18	1,051	-207.92	-110.57	3.49	Upgrade
Free Cash Flow Growth	-	-39.88%	-	-	-	-	Upgrade
Free Cash Flow Margin	-52.75%	141.66%	166.20%	-20.60%	-582.53%	1.33%	Upgrade
Free Cash Flow Per Share	-0.17	1.12	1.86	-0.37	-0.20	0.02	Upgrade
Cash Interest Paid	0.51	1.26	0.18	-	-	-	Upgrade
Cash Income Tax Paid	0.16	0.02	-0.34	-0.97	-	-0.23	Upgrade
Levered Free Cash Flow	287.8	213.38	400.6	591.47	-1.37	156.92	Upgrade
Unlevered Free Cash Flow	288.31	214.37	400.71	591.49	-1.33	156.97	Upgrade
Change in Working Capital	-93.31	1,558	1,816	297.26	-145.2	-23.48	Upgrade

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