IST:KARTN 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	-1,162	-852.57	-895.65	536.92	379.02
Depreciation & Amortization	464.2	548.44	406.89	253.52	38.68
Loss (Gain) From Sale of Assets	-46.68	-322.92	-1.88	-0.57	-0.46
Provision & Write-off of Bad Debts	5.55	0.1	0.12	-12.48	2.21
Other Operating Activities	-501.61	-378.66	-434.46	-185.02	11.52
Change in Accounts Receivable	-128.19	28.81	148.06	151.24	-84.52
Change in Inventory	333.8	-153.4	714.73	-574.79	-42.65
Change in Accounts Payable	94.55	70.18	-10.27	-41.62	108.2
Change in Other Net Operating Assets	257.4	131.2	-53.6	-126.24	-12.77
Operating Cash Flow	-682.69	-928.81	-126.05	0.95	399.22
Operating Cash Flow Growth	-	-	-	-99.76%	140.28%
Capital Expenditures	-141.06	-201.55	-301.68	-314.98	-103.54
Sale of Property, Plant & Equipment	79.35	647.75	3.13	0.6	0.81
Sale (Purchase) of Intangibles	-0.02	-0.92	-0	-2.63	-2.92
Other Investing Activities	47.82	52.32	81.54	94.66	3.55
Investing Cash Flow	-13.91	497.61	-217.02	-222.36	-102.1
Short-Term Debt Issued	-	-	-	-	0
Long-Term Debt Issued	564.8	576.41	-	-	-
Total Debt Issued	564.8	576.41	-	-	0
Short-Term Debt Repaid	-	-	-	-0	-
Long-Term Debt Repaid	-	-3.42	-9.91	-8.4	-0.97
Total Debt Repaid	-	-3.42	-9.91	-8.4	-0.97
Net Debt Issued (Repaid)	564.8	572.99	-9.91	-8.4	-0.97
Common Dividends Paid	-1.35	-1.47	-411.97	-282.88	-60.34
Other Financing Activities	-	-	-	-	-0.04
Financing Cash Flow	563.45	571.52	-421.89	-291.27	-61.36
Miscellaneous Cash Flow Adjustments	-62.46	-55.25	-	-	-
Net Cash Flow	-195.62	85.06	-764.96	-512.68	235.77
Free Cash Flow	-823.75	-1,130	-427.73	-314.03	295.68
Free Cash Flow Growth	-	-	-	-	176.70%
Free Cash Flow Margin	-20.50%	-22.31%	-11.94%	-4.79%	18.61%
Free Cash Flow Per Share	-10.98	-15.07	-5.70	-4.19	3.94
Cash Interest Paid	449.21	511.58	123.1	121.23	32
Cash Income Tax Paid	21.27	18.7	16.57	365.14	53.56
Levered Free Cash Flow	-442.89	-810.23	-61.13	-278.49	150.54
Unlevered Free Cash Flow	-252.4	-610.97	-31.45	-253.74	156.29
Change in Working Capital	557.57	76.79	798.92	-591.42	-31.75

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