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	-774.31	773.34	-59.45	221.86
Depreciation & Amortization	813.34	591.88	502.71	340.73	53.04
Loss (Gain) From Sale of Assets	-22.12	-3.5	-103.91	-17.2	-0.48
Provision & Write-off of Bad Debts	2.34	-30.09	80.96	7.5	-1.2
Other Operating Activities	-36.34	269.72	402.8	805.56	-34.72
Change in Accounts Receivable	-912.31	-658.5	691.64	-1,148	-151.56
Change in Inventory	858.01	665.86	300.66	-843.75	-145.9
Change in Accounts Payable	1,540	786.81	-1,173	1,938	139.95
Change in Income Taxes	-	-178.01	-597.61	-176.93	-2.39
Change in Other Net Operating Assets	-222.95	126.36	116.49	-253.86	-28.3
Operating Cash Flow	1,376	796.21	993.76	592.3	50.3
Operating Cash Flow Growth	72.81%	-19.88%	67.78%	1077.44%	-54.75%
Capital Expenditures	-168.89	-376.66	-360.09	-241.64	-126.01
Sale of Property, Plant & Equipment	40.27	3.5	115.94	27.1	1.25
Investing Cash Flow	-128.62	-373.16	-244.15	-214.53	-124.75
Short-Term Debt Issued	5,658	1,663	956.82	267.43	67.7
Total Debt Issued	5,658	1,663	956.82	267.43	67.7
Short-Term Debt Repaid	-5,815	-1,711	-939.79	-	-1.82
Long-Term Debt Repaid	-37.54	-	-	-8.23	-
Total Debt Repaid	-5,853	-1,711	-939.79	-8.23	-1.82
Net Debt Issued (Repaid)	-194.4	-48.06	17.02	259.2	65.88
Other Financing Activities	-262.76	-156.24	-231.7	-121.16	-31.75
Financing Cash Flow	-457.15	-204.3	-214.68	138.04	34.13
Foreign Exchange Rate Adjustments	-20.57	16.91	-30.32	-65.8	1.47
Miscellaneous Cash Flow Adjustments	-246.5	-249.53	-133.27	-231.5	-
Net Cash Flow	523.07	-13.88	371.34	218.51	-38.85
Free Cash Flow	1,207	419.54	633.67	350.66	-75.7
Free Cash Flow Growth	187.70%	-33.79%	80.71%	-	-
Free Cash Flow Margin	7.02%	3.20%	3.86%	3.73%	-4.29%
Free Cash Flow Per Share	-	1.91	2.88	1.59	-0.34
Cash Interest Paid	-	177.43	233.95	121.16	31.75
Cash Income Tax Paid	-	178.01	597.61	-	2.39
Levered Free Cash Flow	1,026	463.93	232.96	-482.54	-284.02
Unlevered Free Cash Flow	1,465	574.82	369.17	-406.29	-267.07
Change in Working Capital	1,263	742.52	-662.16	-484.84	-188.2

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