IST:HRKET 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
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
Net Income	-396.32	-134.49	1,498	191.06	318.71
Depreciation & Amortization	1,041	740.88	413.18	172.51	136.37
Loss (Gain) From Sale of Assets	42.21	-151.09	-96.06	205.8	32.56
Asset Writedown & Restructuring Costs	551.4	551.4	-	-	-
Provision & Write-off of Bad Debts	-14.94	-16.19	17.66	-	-
Other Operating Activities	-727.66	-194.27	-829	499.95	754.7
Change in Accounts Receivable	-342.12	-259.75	-232.19	32.74	15.15
Change in Inventory	21.08	4.92	25.53	39.03	-84.56
Change in Accounts Payable	62.11	99.04	12.2	-206.81	166.09
Change in Other Net Operating Assets	-247.17	-143.54	-29.38	15.02	-65.13
Operating Cash Flow	-10.24	496.9	779.62	949.29	1,274
Operating Cash Flow Growth	-	-36.26%	-17.87%	-25.48%	-
Capital Expenditures	-2,619	-2,580	-955.76	-642.1	-1,203
Sale of Property, Plant & Equipment	322.6	553.34	192.54	373.82	67.58
Sale (Purchase) of Intangibles	-	-	-5.88	-1.18	-12
Investment in Securities	1,588	-1,052	119.8	-82.98	-
Other Investing Activities	-61.94	219.14	-236.62	12.17	6.37
Investing Cash Flow	-769.84	-2,860	-885.91	-340.26	-1,141
Long-Term Debt Issued	-	769.58	155.12	-	15.87
Long-Term Debt Repaid	-	-34.82	-	-788.56	-20.05
Net Debt Issued (Repaid)	1,501	734.76	155.12	-788.56	-4.18
Issuance of Common Stock	-	1,528	0.14	-	-
Other Financing Activities	-111.29	77.27	-180.2	-23.06	12.18
Financing Cash Flow	892.5	2,340	-24.94	-811.63	8
Foreign Exchange Rate Adjustments	-23.66	55.97	113.09	-10.48	-3.83
Miscellaneous Cash Flow Adjustments	-69.5	-15.73	-30.76	-0	-
Net Cash Flow	19.26	17.37	-48.91	-213.07	137
Free Cash Flow	-2,629	-2,084	-176.14	307.19	70.88
Free Cash Flow Growth	-	-	-	333.40%	-
Free Cash Flow Margin	-67.49%	-59.11%	-7.66%	18.39%	4.04%
Free Cash Flow Per Share	-26.25	-20.81	-1.83	-	-
Cash Income Tax Paid	9.57	9.57	9.21	-	-
Levered Free Cash Flow	-2,561	-1,977	-762.28	-435.51	-
Unlevered Free Cash Flow	-2,428	-1,874	-718.21	-417.41	-
Change in Working Capital	-506.11	-299.33	-223.85	-120.02	31.54

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