IST:HTTBT 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	388.88	276.88	132.17	58.54	23.35
Depreciation & Amortization	105.14	66.29	27.53	15.47	4.37
Other Amortization	240.15	140.18	73.07	38.7	16.01
Loss (Gain) From Sale of Investments	-7.74	-18.19	-81.07	-23.7	-
Provision & Write-off of Bad Debts	13.49	5.77	0.46	0.37	0.27
Other Operating Activities	-16.13	63.87	-197.67	42.19	18.55
Change in Accounts Receivable	-94.85	-161.15	-104.92	-50.3	-24.14
Change in Accounts Payable	22.78	21.39	44.74	12.31	6.9
Change in Unearned Revenue	41.36	2.18	-0.23	1.05	-0.03
Change in Other Net Operating Assets	5.32	-7.6	-10.64	-20.69	-7.3
Operating Cash Flow	698.4	389.62	-116.57	73.95	37.99
Operating Cash Flow Growth	79.25%	-	-	94.63%	50.83%
Capital Expenditures	-8.69	-81.35	-50.76	-54.57	-2.23
Sale of Property, Plant & Equipment	-	0.02	0.01	0	0.03
Sale (Purchase) of Intangibles	-767.53	-538.98	-204.55	-113.72	-45.64
Investment in Securities	141.24	-28.59	247.32	-201.22	-
Other Investing Activities	102.72	188.37	310.13	-31.57	0.78
Investing Cash Flow	-532.25	-460.53	302.15	-401.08	-47.06
Short-Term Debt Issued	180	160	-	18.28	23.62
Total Debt Issued	180	160	-	18.28	23.62
Short-Term Debt Repaid	-160	-	-23.78	-36.88	-34.87
Long-Term Debt Repaid	-14.72	-2.96	-27.72	-18.95	-2.23
Total Debt Repaid	-174.72	-2.96	-51.49	-55.83	-37.11
Net Debt Issued (Repaid)	5.28	157.04	-51.49	-37.55	-13.49
Issuance of Common Stock	-	-	-	319.93	-
Other Financing Activities	-40.69	-43.03	-0.85	-1.29	-0.54
Financing Cash Flow	-35.41	114.01	-52.34	281.09	-14.03
Foreign Exchange Rate Adjustments	76.1	40.19	28.06	37.07	38.47
Net Cash Flow	206.85	83.28	161.3	-8.97	15.38
Free Cash Flow	689.72	308.27	-167.33	19.37	35.76
Free Cash Flow Growth	123.74%	-	-	-45.84%	47.12%
Free Cash Flow Margin	41.73%	27.46%	-27.47%	6.23%	27.88%
Free Cash Flow Per Share	2.30	1.03	-0.56	0.07	0.12
Cash Interest Paid	40.69	43.03	0.85	1.29	0.54
Cash Income Tax Paid	36.27	10.7	62.63	16.42	2.02
Levered Free Cash Flow	-239.11	-387.33	-108.44	-108.39	-19.73
Unlevered Free Cash Flow	-194.45	-378.17	-108.3	-108.01	-19.46
Change in Working Capital	-25.39	-145.18	-71.06	-57.64	-24.56

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