IST:INGRM 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	-136.12	-143.39	180.72	-27.63	66.89	-22.36
Depreciation & Amortization	63.14	58.63	56.18	39.74	10.07	5.33
Other Amortization	5.82	5.82	5.57	3.01	0.26	0.12
Loss (Gain) From Sale of Assets	-	-0.04	0.05	0.12	0.28	0.21
Provision & Write-off of Bad Debts	51.42	47.77	17.67	1.53	3.84	4.32
Other Operating Activities	527.64	444.49	240.26	132.99	68.98	78.41
Change in Accounts Receivable	-700.32	-2,394	-1,839	744.13	-821.09	-302.18
Change in Inventory	-928.26	-633.92	152.9	500.21	-309.12	-70.91
Change in Accounts Payable	526.03	1,146	186.83	-922.29	1,126	20.1
Change in Unearned Revenue	427.21	517.44	570.83	-250.15	-	-
Change in Other Net Operating Assets	-116.17	13.16	91.67	-17.01	25.71	22.87
Operating Cash Flow	-279.61	-939	-336.51	204.65	171.42	-264.1
Operating Cash Flow Growth	-	-	-	19.38%	-	-
Capital Expenditures	-1.47	-1.47	-8	-42.53	-22.63	-2.33
Sale of Property, Plant & Equipment	0.16	0.2	19.95	3.67	0.27	0.21
Sale (Purchase) of Intangibles	-0.79	-	2.44	-20.18	-10.79	-0.01
Investing Cash Flow	-2.1	-1.27	14.39	-59.05	-33.15	-2.14
Long-Term Debt Issued	-	3,725	4,980	6,672	4,127	9,132
Long-Term Debt Repaid	-	-2,846	-4,246	-7,249	-3,586	-9,068
Net Debt Issued (Repaid)	164.2	878.4	733.59	-577.27	540.28	64.05
Common Dividends Paid	-	-	-	-128.19	-	-
Other Financing Activities	-359.52	-345.35	-253.71	-113.47	-77.44	-18.73
Financing Cash Flow	-195.32	533.05	479.87	-818.93	462.84	45.32
Foreign Exchange Rate Adjustments	-66.26	-0.04	4.48	201.04	113.87	110.77
Net Cash Flow	-543.28	-407.25	162.24	-472.29	714.98	-110.15
Free Cash Flow	-281.08	-940.46	-344.52	162.12	148.79	-266.43
Free Cash Flow Growth	-	-	-	8.96%	-	-
Free Cash Flow Margin	-0.97%	-3.46%	-1.62%	1.00%	1.44%	-5.58%
Free Cash Flow Per Share	-	-39.19	-14.36	6.75	6.20	-11.10
Cash Interest Paid	377.4	377.4	265.74	118.51	47.26	19.35
Cash Income Tax Paid	56.8	56.8	18.58	155.76	121.97	40.11
Levered Free Cash Flow	-1,170	-2,112	-1,325	-679.31	-393.67	-733.76
Unlevered Free Cash Flow	-1,170	-1,856	-1,138	-585.55	-357.59	-719.54
Change in Working Capital	-791.51	-1,352	-836.96	54.88	21.12	-330.12

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