IST:KENT 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	-644.43	-1,014	773.34	-59.45	221.86
Depreciation & Amortization	813.34	774.72	502.71	340.73	53.04
Loss (Gain) From Sale of Assets	-22.12	-4.58	-103.91	-17.2	-0.48
Provision & Write-off of Bad Debts	2.34	-39.39	80.96	7.5	-1.2
Other Operating Activities	54.38	353.04	402.8	805.56	-34.72
Change in Accounts Receivable	-912.31	-861.92	691.64	-1,148	-151.56
Change in Inventory	858.01	871.56	300.66	-843.75	-145.9
Change in Accounts Payable	1,540	1,030	-1,173	1,938	139.95
Change in Income Taxes	-90.71	-233.01	-597.61	-176.93	-2.39
Change in Other Net Operating Assets	-222.95	165.4	116.49	-253.86	-28.3
Operating Cash Flow	1,376	1,042	993.76	592.3	50.3
Operating Cash Flow Growth	32.02%	4.87%	67.78%	1077.44%	-54.75%
Capital Expenditures	-168.89	-493.02	-360.09	-241.64	-126.01
Sale of Property, Plant & Equipment	40.27	4.58	115.94	27.1	1.25
Investing Cash Flow	-128.62	-488.44	-244.15	-214.53	-124.75
Short-Term Debt Issued	5,658	2,176	956.82	267.43	67.7
Total Debt Issued	5,658	2,176	956.82	267.43	67.7
Short-Term Debt Repaid	-5,853	-2,239	-939.79	-	-1.82
Long-Term Debt Repaid	-	-	-	-8.23	-
Total Debt Repaid	-5,853	-2,239	-939.79	-8.23	-1.82
Net Debt Issued (Repaid)	-194.4	-62.91	17.02	259.2	65.88
Other Financing Activities	-262.76	-204.51	-231.7	-121.16	-31.75
Financing Cash Flow	-457.15	-267.42	-214.68	138.04	34.13
Foreign Exchange Rate Adjustments	-20.57	22.13	-30.32	-65.8	1.47
Miscellaneous Cash Flow Adjustments	-246.5	-326.62	-133.27	-231.5	-
Net Cash Flow	523.07	-18.17	371.34	218.51	-38.85
Free Cash Flow	1,207	549.15	633.67	350.66	-75.7
Free Cash Flow Growth	119.80%	-13.34%	80.71%	-	-
Free Cash Flow Margin	7.02%	3.20%	3.86%	3.73%	-4.29%
Free Cash Flow Per Share	5.49	2.50	2.88	1.59	-0.34
Cash Interest Paid	296.86	232.24	233.95	121.16	31.75
Cash Income Tax Paid	90.71	233.01	597.61	-	2.39
Levered Free Cash Flow	1,511	185.84	232.96	-482.54	-284.02
Unlevered Free Cash Flow	1,696	330.98	369.17	-406.29	-267.07
Change in Working Capital	1,172	971.91	-662.16	-484.84	-188.2

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