Hektas Ticaret T.A.S. 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	-4,046	-3,569	-1,268	1,167	319.39
Depreciation & Amortization	1,096	1,056	773.01	325.26	50.93
Other Amortization	72.64	25.09	14.5	12.09	1.67
Loss (Gain) From Sale of Assets	-2.6	-3.13	-1,822	-7.33	-1.63
Provision & Write-off of Bad Debts	58.79	106.18	177.34	0.4	0.24
Other Operating Activities	1,077	2,721	3,444	2,015	189.21
Change in Accounts Receivable	3.98	2,131	1,343	-3,998	-911.68
Change in Inventory	2,397	3,312	1,330	-1,899	-731.11
Change in Accounts Payable	678.25	-83.68	652.67	230.26	595.24
Change in Other Net Operating Assets	598.56	-184.39	-821.83	61.08	36.82
Operating Cash Flow	1,933	5,511	3,822	-2,094	-450.92
Operating Cash Flow Growth	-64.93%	44.19%	-	-	-
Capital Expenditures	-1,054	-861.08	-3,442	-2,118	-590.31
Sale of Property, Plant & Equipment	9.9	4.61	1,358	14.35	2.75
Cash Acquisitions	-	-	-	-46.14	-92
Sale (Purchase) of Intangibles	-26.23	-8.34	-471.14	-74.75	-47.04
Sale (Purchase) of Real Estate	-	-68.95	-3.17	-59.16	-
Other Investing Activities	-321.2	1,385	-813.2	-419.7	-20.71
Investing Cash Flow	-1,392	451.57	-3,371	-2,703	-747.32
Long-Term Debt Issued	6,485	11,579	22,586	13,221	2,271
Long-Term Debt Repaid	-5,871	-21,820	-13,140	-6,561	-1,192
Net Debt Issued (Repaid)	614.57	-10,242	9,446	6,661	1,079
Issuance of Common Stock	-	7,899	-	2,243	402.95
Common Dividends Paid	-	-	-	-	-0.9
Other Financing Activities	-2,007	-7,803	-5,474	-1,708	-254.57
Financing Cash Flow	-1,393	-10,146	3,972	7,196	1,227
Foreign Exchange Rate Adjustments	365.11	625.77	-0.99	-	-
Miscellaneous Cash Flow Adjustments	-575.99	-2,662	-1,422	-182.75	-
Net Cash Flow	-1,063	-6,220	2,999	2,216	28.28
Free Cash Flow	878.41	4,650	379.67	-4,212	-1,041
Free Cash Flow Growth	-81.11%	1124.68%	-	-	-
Free Cash Flow Margin	14.34%	72.99%	4.35%	-42.11%	-51.53%
Free Cash Flow Per Share	0.10	1.35	0.15	-3.12	-0.99
Cash Interest Paid	1,860	7,576	5,017	1,708	254.57
Cash Income Tax Paid	7.75	138.47	123.88	199.94	2.93
Levered Free Cash Flow	1,702	-133.67	-8,879	-10,380	-1,542
Unlevered Free Cash Flow	2,764	3,713	-5,989	-9,145	-1,414
Change in Working Capital	3,677	5,175	2,504	-5,606	-1,011

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