IST:INFO 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	564.84	46.21	329.56	598.11	109.53	48.81
Depreciation & Amortization, Total	232.74	96.16	103.59	42.01	7.17	3.15
Gain (Loss) On Sale of Investments	-639.23	-107.23	-90.25	-198.83	-3.33	0.01
Change in Accounts Receivable	-1,963	424.06	-588.38	-2,638	-467.4	-442.86
Change in Accounts Payable	2,483	133.79	-590.77	1,704	304.62	246.71
Change in Other Net Operating Assets	539.25	26.3	-601.71	-342.11	44.01	-71.79
Other Operating Activities	568.96	615.79	1,438	291.12	70.48	19.16
Operating Cash Flow	1,542	1,055	-68.57	-529.47	75.33	-196.4
Capital Expenditures	-80.6	-140.19	-89.83	-36.56	-15.6	-8.65
Cash Acquisitions	-	-	-	-150	-	-
Sale (Purchase) of Intangibles	-4.32	-9.48	-0.24	-0.01	-1.19	-0.52
Investment in Securities	-	-	-	-	-144.15	-0.38
Investing Cash Flow	-20.74	-125.67	-71.2	-150.82	-159.88	-8.98
Short-Term Debt Issued	-	685.73	1,316	1,152	165.25	167.32
Total Debt Issued	339.47	685.73	1,316	1,152	165.25	167.32
Short-Term Debt Repaid	-	-916.96	-	-	-16.63	-
Long-Term Debt Repaid	-	-27.98	-23.74	-5.71	-2.07	-1.83
Total Debt Repaid	-1,187	-944.94	-23.74	-5.71	-18.7	-1.83
Net Debt Issued (Repaid)	-847.34	-259.22	1,293	1,146	146.54	165.49
Issuance of Common Stock	-	-	-	-	-	66.2
Common Dividends Paid	-	-	-228	-	-	-
Other Financing Activities	-31.04	-658.01	-749.87	-334.66	-55.14	-12.42
Financing Cash Flow	-878.38	-917.22	314.67	811.74	91.4	219.27
Foreign Exchange Rate Adjustments	-81.18	-81.18	-140.1	-	-	-
Net Cash Flow	281.95	-69.17	34.79	93.3	6.85	13.89
Free Cash Flow	1,461	914.72	-158.4	-566.03	59.73	-205.04
Free Cash Flow Margin	4.89%	2.66%	-1.57%	-3.67%	0.46%	-3.00%
Free Cash Flow Per Share	1.52	0.95	-0.21	-0.77	0.07	-0.66
Cash Interest Paid	31.04	658.01	749.87	334.66	55.14	12.42
Cash Income Tax Paid	-	246.07	419.6	59.32	26.77	8.97

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.