IST:HUNER 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	FY 2020
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	Dec '20 Dec 31, 2020
Net Income	354.56	496.81	63.13	170.59	366.66	4.45
Depreciation & Amortization	302.45	238.81	204.9	136.67	58.37	57.42
Loss (Gain) on Sale of Assets	-454.43	-454.43	-0.87	-0.4	26.58	-
Change in Accounts Receivable	0.06	-41.24	-14.16	3.31	-22.81	-2.7
Change in Inventory	-51.49	-37.41	-16.73	-6.94	-1.65	-0.53
Change in Accounts Payable	191.51	72.51	26.61	50.88	-81.44	56.74
Change in Unearned Revenue	-	-0.64	-0.86	-4.07	4.65	0.12
Change in Other Net Operating Assets	-16.39	-103.89	-15.81	111.48	-135.38	107.04
Other Operating Activities	349.06	254.76	253.24	-24.8	79.24	8.5
Operating Cash Flow	675.33	425.28	499.45	436.72	294.21	231.03
Operating Cash Flow Growth	2.26%	-14.85%	14.36%	48.44%	27.35%	118.31%
Capital Expenditures	-80.99	-59.78	-1,061	-687.11	-648.78	-160.97
Cash Acquisitions	-277.98	-276.83	-0	-	-	-
Divestitures	135.7	10.47	25.02	-	-	-
Other Investing Activities	-315.43	-371.1	-491.62	-140.24	-180.81	-146.98
Investing Cash Flow	-538.71	-697.24	-1,528	-827.35	-829.59	-307.95
Long-Term Debt Issued	-	-	-	-	2.79	92.92
Long-Term Debt Repaid	-	-459.87	-534.81	-254.01	-11.11	-
Net Debt Issued (Repaid)	-569.43	-459.87	-534.81	-254.01	-8.32	92.92
Issuance of Common Stock	-	420	-	137.38	499.95	0.03
Other Financing Activities	-177.04	147.33	467.72	45.5	-420.77	-35.55
Financing Cash Flow	-746.47	107.46	-67.09	-71.13	70.86	57.4
Foreign Exchange Rate Adjustments	592.8	268.92	1,063	537.12	468.56	10.93
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-
Net Cash Flow	-17.05	104.43	-32.5	75.35	4.04	-8.59
Free Cash Flow	594.34	365.5	-561.97	-250.39	-354.57	70.07
Free Cash Flow Growth	-	-	-	-	-	-33.79%
Free Cash Flow Margin	61.68%	43.54%	-100.75%	-54.49%	-216.82%	78.21%
Free Cash Flow Per Share	0.59	0.37	-0.97	-0.43	-2.58	0.12
Levered Free Cash Flow	300.57	241.54	-969.41	-253.95	-848.89	38.61
Unlevered Free Cash Flow	397.36	327.58	-901.92	-206.77	-802.06	47.71
Change in Working Capital	123.69	-110.67	-20.95	154.66	-236.64	160.66

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