IST:KIMMR 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	650.81	459.42	513.79	-369.8	20.41
Depreciation & Amortization	723.65	811.61	134.41	103.3	48.43
Other Amortization	-	-	-	3.47	0.34
Loss (Gain) From Sale of Assets	-8.86	-9.12	-1.79	-	-0.65
Asset Writedown & Restructuring Costs	-149.4	-155.47	-198.74	-48.88	-10.92
Loss (Gain) From Sale of Investments	0.19	-	-	-	-
Provision & Write-off of Bad Debts	-	-	-	0.34	-
Other Operating Activities	648.34	711.07	72.75	2.62	-27.13
Change in Accounts Receivable	-0.43	-4.62	-6.01	-15.66	8.06
Change in Inventory	-185.58	216.25	127.06	381.77	-72.62
Change in Accounts Payable	244.49	56.41	81.25	25.96	27.33
Change in Unearned Revenue	-22.24	-22.06	44.04	-3.32	1.38
Change in Other Net Operating Assets	-860.71	-815.01	-91.39	-89.96	0.49
Operating Cash Flow	1,040	1,248	675.39	-10.16	-4.87
Operating Cash Flow Growth	-16.68%	84.85%	-	-	-
Capital Expenditures	-142.89	-267.93	-264.01	-77.01	-34.57
Sale of Property, Plant & Equipment	14.72	55.3	9.15	3.56	0.79
Sale (Purchase) of Intangibles	-1.83	-0.67	-3.29	-12.16	-1.74
Sale (Purchase) of Real Estate	-522.88	-59.67	-16.25	-86.51	-
Investment in Securities	-0.61	88.15	1.03	-47.36	-
Investing Cash Flow	-653.49	-184.82	-273.37	-219.48	-35.52
Long-Term Debt Issued	-	-	34.53	-	-
Long-Term Debt Repaid	-211.97	-202.18	-150.67	-12.52	-16.22
Net Debt Issued (Repaid)	-211.97	-202.18	-116.14	-12.52	-16.22
Issuance of Common Stock	-	-	-	-	227.5
Repurchase of Common Stock	-	-0.46	-7.38	-	-
Other Financing Activities	-	-	-	-	9.69
Financing Cash Flow	-211.97	-202.64	-123.52	-12.52	220.97
Miscellaneous Cash Flow Adjustments	-397.31	-364.98	-	-	-
Net Cash Flow	-222.51	496.03	278.5	-242.16	180.58
Free Cash Flow	897.37	980.53	411.38	-87.17	-39.44
Free Cash Flow Growth	-8.48%	138.35%	-	-	-
Free Cash Flow Margin	6.42%	7.95%	4.60%	-1.84%	-3.04%
Free Cash Flow Per Share	3.74	4.09	1.71	-0.36	-0.20
Cash Interest Paid	-	-	-	-	4.83
Cash Income Tax Paid	126.06	107.48	46.19	33.28	11.27
Levered Free Cash Flow	506.97	634.91	220.81	-42.5	-
Unlevered Free Cash Flow	696.88	805.66	315.66	3.16	-
Change in Working Capital	-824.47	-569.04	154.96	298.79	-35.35

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