IST:ISSEN 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	-111.47	-485.4	-247.88	361.58	-130.05	133.68
Depreciation & Amortization	-81.68	76.45	87.39	136.51	95.58	13.55
Other Amortization	9.44	9.44	109.53	26.64	2.29	1.64
Loss (Gain) From Sale of Assets	-	-	-	-	-	-3.07
Provision & Write-off of Bad Debts	3.39	3.85	0.37	2.33	9.57	0.54
Other Operating Activities	-96.6	279.12	8.49	-1,106	446.77	291.23
Change in Accounts Receivable	262.16	-109.21	27.41	316.58	-201.13	-188.18
Change in Inventory	211.85	63.48	-240.46	202.33	-231.58	-169.14
Change in Accounts Payable	-21.09	-32.72	127.74	-72.79	-29.09	49.75
Change in Other Net Operating Assets	-42.85	-102.22	-51.17	73.05	-76.34	-8.11
Operating Cash Flow	133.14	-297.22	-178.57	-60	-113.99	121.88
Operating Cash Flow Growth	-	-	-	-	-	188.38%
Capital Expenditures	-574.19	-528.38	-471.39	-181.83	-168.75	-37
Sale of Property, Plant & Equipment	-	-	3.81	5.12	-	3.23
Sale (Purchase) of Real Estate	-69.85	-69.85	-	-	-	-
Other Investing Activities	-	-	-53.86	-	-	-
Investing Cash Flow	-644.05	-598.23	-521.44	-176.71	-168.75	-33.77
Long-Term Debt Issued	-	4,221	4,577	1,957	1,533	652.75
Total Debt Issued	3,857	4,221	4,577	1,957	1,533	652.75
Long-Term Debt Repaid	-	-3,243	-3,849	-2,044	-1,385	-780.7
Net Debt Issued (Repaid)	322.18	977.33	728.29	-86.66	148.49	-127.95
Issuance of Common Stock	-	-	-	-	-	179.65
Common Dividends Paid	-	-	-36.9	-55.01	-18.09	-5.04
Other Financing Activities	-288.05	-617.5	-63.32	169.1	-175.13	25.49
Financing Cash Flow	34.13	359.84	628.08	27.43	-44.73	72.16
Foreign Exchange Rate Adjustments	111.09	102.22	-51.71	63.79	72.81	-18.01
Miscellaneous Cash Flow Adjustments	244.11	234.95	151.88	-	-	-
Net Cash Flow	-121.57	-198.44	28.24	-145.49	-254.66	142.26
Free Cash Flow	-441.05	-825.6	-649.96	-241.83	-282.74	84.88
Free Cash Flow Margin	-9.63%	-16.75%	-12.85%	-5.77%	-7.41%	7.60%
Free Cash Flow Per Share	-	-1.95	-1.53	-0.64	-0.75	0.22
Cash Interest Paid	126.07	126.07	319.44	89.79	42.35	49.02
Cash Income Tax Paid	-	-15.05	32.94	38.57	71.41	37.18
Levered Free Cash Flow	-687.97	-522.64	-794.85	287.71	-856.01	-163.29
Unlevered Free Cash Flow	-625.54	-242.3	-609.93	379.82	-708.94	-143.24
Change in Working Capital	410.06	-180.67	-136.47	519.17	-538.15	-315.68

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