Ihlas Yayin Holding A.S. 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	-339.91	-297.43	-526.31	-158.83	31.87
Depreciation & Amortization	162.88	175.55	117.02	75.23	12.58
Other Amortization	10.95	10.5	6.36	3.13	0.34
Loss (Gain) From Sale of Assets	10.07	5.76	-2.39	-2.37	-2.27
Asset Writedown & Restructuring Costs	133.75	-458.62	526.38	-650.74	-104.21
Loss (Gain) on Equity Investments	-	-2.07	-35.13	-5.35	-
Provision & Write-off of Bad Debts	32.02	32.61	34.74	-37.65	17.67
Other Operating Activities	201.48	101.5	-828.85	-246.65	49.14
Change in Accounts Receivable	48.98	-77.84	-155.69	119.54	-69.78
Change in Inventory	33.84	75.63	147.87	-83.64	-27.68
Change in Accounts Payable	-52.23	24.95	37.4	-8.49	12.45
Change in Unearned Revenue	-321.49	313.3	4.87	0.81	-0.21
Change in Other Net Operating Assets	305.06	74.19	247.5	601.22	-287.19
Operating Cash Flow	225.4	-21.99	-426.22	-393.8	-367.32
Capital Expenditures	-88.21	-106.55	-135.14	-120.17	-44.55
Sale of Property, Plant & Equipment	15.51	3.28	17.84	2.51	2.7
Cash Acquisitions	-	-	-	-	-151.53
Sale (Purchase) of Intangibles	-12.67	-10.82	-6.56	-7.83	-1.75
Sale (Purchase) of Real Estate	8.32	-	-	-2.09	-0.67
Investment in Securities	-8.74	65.97	-	-	-18
Other Investing Activities	22.55	93.01	36.49	8.67	-28
Investing Cash Flow	-63.23	44.9	-87.37	-118.91	-241.8
Long-Term Debt Issued	-	-	85.94	-	-
Long-Term Debt Repaid	-76.21	-47.89	-	-71.05	-15.45
Net Debt Issued (Repaid)	-76.21	-47.89	85.94	-71.05	-15.45
Issuance of Common Stock	-	-	-	-	721.2
Other Financing Activities	-85.74	7.92	11.05	101.03	57.78
Financing Cash Flow	-161.95	-39.97	96.98	29.97	763.53
Miscellaneous Cash Flow Adjustments	-18.62	-52.75	-	-	-
Net Cash Flow	-18.4	-69.81	-416.6	-482.73	154.41
Free Cash Flow	137.19	-128.54	-561.36	-513.96	-411.86
Free Cash Flow Margin	4.07%	-3.96%	-21.93%	-37.39%	-123.73%
Free Cash Flow Per Share	0.30	-0.29	-1.25	-1.14	-0.92
Cash Interest Paid	107.83	30.72	70.69	8.3	2.93
Cash Income Tax Paid	0.7	0.85	12.4	11.29	7.84
Levered Free Cash Flow	-410.88	13.62	-245.09	-498.99	-265.3
Unlevered Free Cash Flow	-343.49	60.32	-197.1	-487.23	-254.57
Change in Working Capital	14.17	410.22	281.95	629.44	-372.41

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