IST:KOCMT 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-555.28	56.72	114.16	1,776	776.57
Depreciation & Amortization	310.21	232.66	172.74	98.71	76.48
Other Amortization	0.5	0.68	0.5	-	0.32
Loss (Gain) From Sale of Assets	0.91	9.85	-	-	-
Asset Writedown & Restructuring Costs	2.79	-	-1,187	-1,926	4.21
Loss (Gain) From Sale of Investments	189.6	-6.06	-10.98	-	-
Loss (Gain) on Equity Investments	-29.7	-40.34	-18.07	-	-
Provision & Write-off of Bad Debts	0.15	0.74	0.4	0.55	0.81
Other Operating Activities	-904.07	-466.85	518.89	-287.44	133.9
Change in Accounts Receivable	-178.23	202.98	42.91	-233.39	99.41
Change in Inventory	-2.32	-723.74	-21.81	-509.27	-63.6
Change in Accounts Payable	455.99	725.32	-807.3	521.26	-479.29
Change in Unearned Revenue	-41.98	103.03	104.77	-157.18	-398.8
Change in Other Net Operating Assets	-313.71	173.55	217.82	574.37	32.66
Operating Cash Flow	-2,120	-86.78	-730.84	-108.98	348.75
Capital Expenditures	-529.54	-280.55	-161.67	-536.86	-100.7
Sale of Property, Plant & Equipment	26.83	19.25	10.94	74.04	19.53
Sale (Purchase) of Intangibles	-1.6	-	-	-0.12	-0.41
Sale (Purchase) of Real Estate	-	-	-117.21	18.45	90.99
Investing Cash Flow	-504.3	-261.3	-267.94	-444.48	9.4
Long-Term Debt Issued	-	1,617	1,694	646.97	-
Short-Term Debt Repaid	-	-	-	-	-375.01
Long-Term Debt Repaid	-	-2,075	-1,495	-	-
Total Debt Repaid	-453.7	-2,075	-1,495	-	-375.01
Net Debt Issued (Repaid)	1,347	-457.15	198.75	646.97	-375.01
Issuance of Common Stock	-	2,475	-	-	100
Other Financing Activities	349.76	408.46	324.99	-	-
Financing Cash Flow	1,058	2,427	523.74	646.97	-275.01
Miscellaneous Cash Flow Adjustments	-80.97	-499.76	-379.71	-	-
Net Cash Flow	-1,647	1,579	-854.75	93.51	83.14
Free Cash Flow	-2,649	-367.32	-892.51	-645.84	248.04
Free Cash Flow Margin	-15.17%	-2.56%	-5.64%	-5.88%	1.38%
Free Cash Flow Per Share	-	-0.16	-0.46	-0.34	0.13
Cash Interest Paid	-	202.43	268.93	-	-
Cash Income Tax Paid	2.99	44.88	13.16	-	-
Levered Free Cash Flow	-600.68	120.03	-212.46	-251.11	-
Unlevered Free Cash Flow	-323.16	270.87	-15.24	-205.49	-
Change in Working Capital	-1,135	125.81	-321.17	229.16	-643.55

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.