IST:IZENR 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	Jun '25 Jun 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	-70.07	-928.78	1,579	3,762	-	-
Depreciation & Amortization	570.37	566.79	391.26	264.43	-	-
Loss (Gain) on Sale of Assets	2.42	-24.37	-0.25	3.47	-	-
Loss (Gain) on Sale of Investments	61.13	30.54	-8.73	-	-	-
Asset Writedown	235.84	235.84	-	-	-	-
Change in Accounts Receivable	-61.14	-33.45	-200.96	-57.37	-	-
Change in Inventory	-176.74	533.17	711.61	-720.56	-	-
Change in Accounts Payable	4.43	-97.8	15.56	25.07	-	-
Change in Other Net Operating Assets	376.3	-109.41	-99.03	-205.49	-	-
Other Operating Activities	340.1	436.77	-1,359	-1,457	-	-
Operating Cash Flow	1,283	609.29	1,029	1,614	-	-
Operating Cash Flow Growth	5447.02%	-40.80%	-36.23%	-	-	-
Capital Expenditures	-662.17	-545.6	-684.93	-64.16	-	-
Sale of Property, Plant & Equipment	-3.66	48.22	0.87	1.41	-	-
Cash Acquisitions	-6.73	-	-	-97.39	-	-
Investment in Securities	-64.03	-290.58	-91.7	-	-	-
Other Investing Activities	-957.14	-434.95	-1,327	12.93	-	-
Investing Cash Flow	-1,694	-1,223	-2,103	-147.21	-	-
Long-Term Debt Issued	-	344.97	1,371	1,734	-	-
Long-Term Debt Repaid	-	-320.79	-1,757	-3,126	-	-
Net Debt Issued (Repaid)	236.98	24.18	-385.34	-1,392	-	-
Issuance of Common Stock	-	-	2,312	-	-	-
Other Financing Activities	-10.92	-21.7	-82.44	-204.35	-	-
Financing Cash Flow	226.06	2.47	1,844	-1,596	-	-
Foreign Exchange Rate Adjustments	3.18	-0.22	-	-	-	-
Miscellaneous Cash Flow Adjustments	-0.95	167.7	-	-	-	-
Net Cash Flow	-182.8	-443.67	770.38	-129.67	-	-
Free Cash Flow	620.47	63.69	344.21	1,550	-	-
Free Cash Flow Growth	-	-81.50%	-77.79%	-	-	-
Free Cash Flow Margin	11.17%	0.88%	3.16%	12.30%	-	-
Free Cash Flow Per Share	0.26	0.03	0.14	0.73	-	-
Cash Interest Paid	32.88	67.44	108.89	173.01	-	-
Cash Income Tax Paid	-	20.88	36.04	32.41	-	-
Levered Free Cash Flow	-137.97	427.83	-170.36	583.6	-	-
Unlevered Free Cash Flow	-9.77	512.44	-109.77	701.55	-	-
Change in Working Capital	142.84	292.5	427.19	-958.34	-	-

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