Ihlas Haber Ajansi A.S. 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	-104.8	-85.83	-88.48	-95.1	-122.97	10.51
Depreciation & Amortization	48.14	47.69	57.32	33.73	19.02	3.01
Other Amortization	0	0	0.49	0.64	0.48	0.06
Loss (Gain) From Sale of Assets	-0.54	-0.44	-0.1	0.04	-1.27	-1.79
Asset Writedown & Restructuring Costs	0.07	-0.71	-0.85	-6.37	-1.94	-2.02
Loss (Gain) From Sale of Investments	-	-	-	0.81	-0.04	-
Provision & Write-off of Bad Debts	-1.13	1.15	8.3	1.93	0.5	0.59
Other Operating Activities	-80.37	-79.95	-106.5	-61.9	-13.51	-4.84
Change in Accounts Receivable	41.29	37.35	13.32	-23.2	20.64	-7.95
Change in Accounts Payable	-6.01	-5.22	-20.62	13.9	2.95	1.58
Change in Unearned Revenue	7.46	-0.76	1.25	-0.53	1.51	-0.03
Change in Other Net Operating Assets	29.84	0.79	19.75	-160.3	2.56	3.52
Operating Cash Flow	-66.05	-85.93	-116.11	-296.36	-92.07	2.65
Operating Cash Flow Growth	-	-	-	-	-	0.66%
Capital Expenditures	-20.23	-18.85	-8.67	-52.42	-28.42	-11.31
Sale of Property, Plant & Equipment	2.86	2.23	0.1	2.24	1.27	2.02
Sale (Purchase) of Intangibles	-	-	-	-	-0.06	-0.36
Sale (Purchase) of Real Estate	-	-	-	-	-0.5	-
Investing Cash Flow	-17.37	-16.62	-8.57	-50.18	-27.71	-9.66
Long-Term Debt Repaid	-	-19.15	-15.17	-7.81	-4.49	-1.58
Net Debt Issued (Repaid)	-20.43	-19.15	-15.17	-7.81	-4.49	-1.58
Issuance of Common Stock	-	-	-	-	-	101.2
Other Financing Activities	76.17	85.02	84.05	50.73	25.98	6.45
Financing Cash Flow	55.74	65.87	68.89	42.92	21.49	106.08
Net Cash Flow	-10.02	-36.68	-55.8	-303.62	-98.28	99.07
Free Cash Flow	-86.27	-104.78	-124.79	-348.78	-120.49	-8.66
Free Cash Flow Margin	-15.87%	-19.16%	-24.32%	-66.83%	-37.31%	-9.06%
Free Cash Flow Per Share	-	-0.64	-0.77	-3.83	-0.74	-0.09
Cash Interest Paid	77.47	77.47	35.52	0.47	0.14	0.07
Cash Income Tax Paid	-	-	-	10.28	8.36	5.58
Levered Free Cash Flow	-60.23	-13.57	-78.81	-192.42	14.6	-10
Unlevered Free Cash Flow	2.79	45.04	-50.24	-188.63	16.42	-9.15
Change in Working Capital	72.58	32.15	13.7	-170.13	27.66	-2.87

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