IST:HURGZ Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-1,085	-829.4	-1,371	-1,196	-146.49	55.22
Depreciation & Amortization	99.29	115.27	83.04	61.13	56.85	18.66
Other Amortization	4.52	4.52	10.73	11.82	9.86	1.2
Loss (Gain) From Sale of Assets	440.45	362.84	602.73	387.45	-0.64	-1.56
Asset Writedown & Restructuring Costs	-1.87	-1.87	-27.11	-120.26	-444.62	-135.12
Provision & Write-off of Bad Debts	-23.38	-8.66	-50.48	-67.92	4.81	5.86
Other Operating Activities	1,488	1,533	1,049	444.03	238.35	71.78
Change in Accounts Receivable	85.11	-75.15	10.41	-49.11	371.01	30.37
Change in Inventory	2.04	3.33	16.9	13.19	28.77	-9.68
Change in Accounts Payable	-197.87	-104.44	518.36	-302.74	10.72	-32.85
Change in Unearned Revenue	-1.21	2.1	1.57	-20.52	-8.61	1.51
Change in Other Net Operating Assets	-1,782	-1,769	-2,599	-1,061	-127.16	84.51
Operating Cash Flow	-991.53	-786.97	-1,760	-1,936	-49.41	89.25
Operating Cash Flow Growth	-	-	-	-	-	182.25%
Capital Expenditures	-116.25	-151.19	-148.94	-421.35	-17.58	-42.09
Sale of Property, Plant & Equipment	1,060	907.86	324.28	-	77.78	1.6
Sale (Purchase) of Intangibles	-0.85	-0.85	-	-	-0.77	-1.86
Sale (Purchase) of Real Estate	205.32	205.32	1,699	2,530	-	3.31
Other Investing Activities	0	0	0.05	0.04	0.09	0.35
Investing Cash Flow	1,148	961.15	1,875	2,109	59.51	-38.68
Long-Term Debt Repaid	-	-29.17	-38.18	-19.12	-7.54	-8.72
Net Debt Issued (Repaid)	-34.6	-29.17	-38.18	-19.12	-7.54	-8.72
Other Financing Activities	-100.12	-106.58	-50.93	-28.82	-16.39	-13.47
Financing Cash Flow	-134.71	-135.74	-89.11	-47.94	-23.92	-22.19
Foreign Exchange Rate Adjustments	-24.76	-37.23	-26.96	-130.51	17.29	-30.48
Miscellaneous Cash Flow Adjustments	-0.7	-0.75	-1.49	-4.57	-	-
Net Cash Flow	-3.39	0.46	-2.62	-10.68	3.46	-2.1
Free Cash Flow	-1,108	-938.16	-1,909	-2,358	-67	47.15
Free Cash Flow Growth	-	-	-	-	-	88.12%
Free Cash Flow Margin	-95.25%	-76.99%	-136.95%	-220.28%	-7.55%	13.44%
Free Cash Flow Per Share	-	-1.58	-3.22	-3.98	-0.11	0.08
Cash Interest Paid	107.79	107.79	49.1	28.82	16.79	13.48
Cash Income Tax Paid	1.6	1.6	2.27	-	-	0.31
Levered Free Cash Flow	-1,534	-1,343	545.98	-1,931	190.11	-6.79
Unlevered Free Cash Flow	-1,452	-1,276	576.66	-1,926	190.99	-0.82
Change in Working Capital	-1,894	-1,943	-2,052	-1,420	274.73	73.86

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