IST:INVEO 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	28.96	-1,870	1,622	2,031	327.13
Depreciation & Amortization, Total	1.76	1.88	0.65	0.91	0.42
Gain (Loss) On Sale of Investments	264.34	2,179	-917.76	39.38	-317.7
Change in Accounts Receivable	-9.49	-	-	-	-
Change in Accounts Payable	1.87	0.38	0.63	0.18	0.02
Change in Other Net Operating Assets	-100.3	-170.94	-48.57	299.6	-4.85
Other Operating Activities	3,929	5,279	-338.99	-518.79	8.44
Operating Cash Flow	512.08	676.84	105.7	572.8	28.7
Capital Expenditures	-0.01	-	-0.03	-	-0.38
Investment in Securities	-1,089	-642.2	-773.06	-702.28	-250.06
Other Investing Activities	-18.11	34.46	778.79	-485.01	-26.13
Investing Cash Flow	-1,306	-385.13	13.71	-1,175	-145.06
Long-Term Debt Issued	2,395	1,145	1,481	612.46	16.7
Total Debt Issued	2,395	1,145	1,481	612.46	16.7
Long-Term Debt Repaid	-876.36	-1,114	-1,183	-17.14	-32.07
Total Debt Repaid	-876.36	-1,114	-1,183	-17.14	-32.07
Net Debt Issued (Repaid)	1,519	31.49	297.33	595.32	-15.37
Issuance of Common Stock	-	153.92	21.01	194.52	133.09
Repurchase of Common Stock	-	-	-179.17	-91.01	-
Other Financing Activities	-725.38	-476.47	-259.9	-95.04	-1.36
Financing Cash Flow	793.27	-291.06	-120.73	603.8	116.36
Net Cash Flow	-0.5	0.63	-2.55	1.75	-0
Free Cash Flow	512.07	676.84	105.66	572.8	28.32
Free Cash Flow Growth	-24.34%	540.56%	-81.55%	1922.29%	-
Free Cash Flow Margin	-	-	13.47%	16.59%	17.20%
Free Cash Flow Per Share	0.51	0.68	0.11	0.57	0.03
Cash Interest Paid	725.38	476.47	259.9	95.04	1.36
Cash Income Tax Paid	-	-	8.39	1.56	9.38

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.