IST:HKTM 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	-117.93	-165.01	-38.73	-51.94	41.6
Depreciation & Amortization	50.67	63.74	62.82	29.11	1.55
Other Amortization	9.53	33.97	25.17	12.05	0.61
Loss (Gain) on Equity Investments	-	-2.18	-1.77	-1.34	-0.32
Other Operating Activities	194.36	179.95	74.08	333.54	0.23
Change in Accounts Receivable	33.65	-47.02	-158.88	-58.4	-20.86
Change in Inventory	-215.85	-165.67	-122.52	-146.83	-12.48
Change in Accounts Payable	-70.59	65.93	145.87	-67.69	17.99
Change in Unearned Revenue	60.27	202.92	2.97	-93.87	12.74
Change in Other Net Operating Assets	15.23	-175.05	153.21	-12.11	-13.09
Operating Cash Flow	-40.65	-8.42	142.22	-57.48	27.97
Capital Expenditures	-160.92	-11.09	-110.69	-108.04	-13.8
Sale of Property, Plant & Equipment	6.1	1.5	8.8	23.24	0.9
Cash Acquisitions	-40	-	-	-6.46	-
Investment in Securities	-	6.15	-	-	-
Other Investing Activities	-	0	-	-0	-
Investing Cash Flow	-194.83	-3.44	-101.88	-91.26	-12.9
Long-Term Debt Issued	438.65	403.42	419.45	381.38	44.13
Long-Term Debt Repaid	-330.9	-344.71	-256.16	-290.25	-36.96
Net Debt Issued (Repaid)	107.76	58.71	163.29	91.14	7.18
Issuance of Common Stock	305	-	-	170.74	-
Common Dividends Paid	-	-	-5.56	-	-
Other Financing Activities	-163.93	-200.91	-51.3	-28.09	-9.2
Financing Cash Flow	248.83	-142.2	106.44	233.79	-2.03
Miscellaneous Cash Flow Adjustments	-17.8	-101.84	-68.89	-37.62	-
Net Cash Flow	-4.44	-255.9	77.89	47.43	13.04
Free Cash Flow	-201.57	-19.51	31.54	-165.52	14.17
Free Cash Flow Margin	-25.40%	-2.20%	3.59%	-31.46%	7.79%
Free Cash Flow Per Share	-1.92	-0.21	0.30	-1.88	0.47
Cash Interest Paid	167.52	208.71	58.26	33.15	9.4
Cash Income Tax Paid	2.69	0.55	2.06	18.55	8.31
Levered Free Cash Flow	-337.26	-95.84	16.11	-253.15	-
Unlevered Free Cash Flow	-215.06	52.11	87.03	-226.81	-
Change in Working Capital	-177.28	-118.89	20.65	-378.9	-15.7

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