IST:HUNER 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	-234.89	496.81	63.13	170.59	366.66
Depreciation & Amortization	364.85	238.81	204.9	136.67	58.37
Loss (Gain) on Sale of Assets	0.05	-454.43	-0.87	-0.4	26.58
Change in Accounts Receivable	42.15	-41.24	-14.16	3.31	-22.81
Change in Inventory	7	-37.41	-16.73	-6.94	-1.65
Change in Accounts Payable	-	72.51	26.61	50.88	-81.44
Change in Unearned Revenue	-0.07	-0.64	-0.86	-4.07	4.65
Change in Other Net Operating Assets	63.22	-103.89	-15.81	111.48	-135.38
Other Operating Activities	557.6	254.76	253.24	-24.8	79.24
Operating Cash Flow	799.91	425.28	499.45	436.72	294.21
Operating Cash Flow Growth	88.09%	-14.85%	14.36%	48.44%	27.35%
Capital Expenditures	-280.3	-59.78	-1,061	-687.11	-648.78
Cash Acquisitions	-11.76	-276.83	-0	-	-
Divestitures	125.22	10.47	25.02	-	-
Investment in Securities	-0	-	-	-	-
Other Investing Activities	-1,021	-371.1	-491.62	-140.24	-180.81
Investing Cash Flow	-1,188	-697.24	-1,528	-827.35	-829.59
Long-Term Debt Issued	339.55	-	-	-	2.79
Long-Term Debt Repaid	-680.97	-459.87	-534.81	-254.01	-11.11
Net Debt Issued (Repaid)	-341.42	-459.87	-534.81	-254.01	-8.32
Issuance of Common Stock	-	420	-	137.38	499.95
Other Financing Activities	-37.5	147.33	467.72	45.5	-420.77
Financing Cash Flow	-378.92	107.46	-67.09	-71.13	70.86
Foreign Exchange Rate Adjustments	633.67	268.92	1,063	537.12	468.56
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	-132.99	104.43	-32.5	75.35	4.04
Free Cash Flow	519.61	365.5	-561.97	-250.39	-354.57
Free Cash Flow Growth	42.16%	-	-	-	-
Free Cash Flow Margin	52.18%	43.54%	-100.75%	-54.49%	-216.82%
Free Cash Flow Per Share	0.51	0.37	-0.97	-0.43	-2.58
Levered Free Cash Flow	-651.82	241.54	-969.41	-253.95	-848.89
Unlevered Free Cash Flow	361.1	327.58	-901.92	-206.77	-802.06
Change in Working Capital	112.3	-110.67	-20.95	154.66	-236.64

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