IST:ISDMR Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	14,254	4,602	6,726	6,468
Depreciation & Amortization	4,000	3,001	1,607	927.66
Loss (Gain) From Sale of Assets	-34.14	39.68	3.23	2.7
Asset Writedown & Restructuring Costs	-214.37	564.08	-	-
Loss (Gain) on Equity Investments	-204.67	-92.07	-69.15	5.74
Provision & Write-off of Bad Debts	-0.1	-10.07	0.11	-0.08
Other Operating Activities	-139.88	692.07	-4,330	-185.52
Change in Accounts Receivable	-1,042	1,199	-74.08	-425.82
Change in Inventory	3,158	-485.51	-243.94	-5,497
Change in Accounts Payable	-2,094	5,862	-489.93	-226.09
Change in Other Net Operating Assets	-1,122	-1,551	-822.65	-33.32
Operating Cash Flow	16,560	13,821	2,307	1,037
Operating Cash Flow Growth	19.82%	499.15%	122.52%	-74.31%
Capital Expenditures	-14,944	-9,719	-3,443	-2,261
Sale of Property, Plant & Equipment	118.92	5.09	3.48	0.47
Divestitures	-	-	-	17.5
Sale (Purchase) of Intangibles	-12.32	-3	-29.33	-5.08
Investment in Securities	-	-	-52.67	-
Other Investing Activities	-2,181	-2,708	-76.59	-201.46
Investing Cash Flow	-17,018	-12,426	-3,598	-2,450
Long-Term Debt Issued	23,829	17,775	10,006	2,759
Long-Term Debt Repaid	-20,117	-13,039	-5,715	-813.42
Total Debt Repaid	-20,117	-13,039	-5,715	-813.42
Net Debt Issued (Repaid)	3,712	4,736	4,291	1,946
Common Dividends Paid	-1,450	-	-8,697	-8,059
Other Financing Activities	2,883	-4,036	258.93	7,611
Financing Cash Flow	5,146	700.69	-4,147	1,498
Foreign Exchange Rate Adjustments	2,516	2,978	3,144	8,656
Net Cash Flow	7,204	5,074	-2,294	8,741
Free Cash Flow	1,616	4,101	-1,136	-1,224
Free Cash Flow Growth	-60.59%	-	-	-
Free Cash Flow Margin	1.46%	4.63%	-1.83%	-3.35%
Free Cash Flow Per Share	0.56	1.41	-0.39	-0.42
Cash Interest Paid	2,708	1,877	391.64	33.75
Cash Income Tax Paid	36.33	82.63	5,704	3,104
Levered Free Cash Flow	-13,385	-13,411	-5,723	5,845
Unlevered Free Cash Flow	-11,625	-12,148	-5,187	5,905
Change in Working Capital	-1,100	5,024	-1,631	-6,182

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