IST:KOCMT 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	-981.72	74.25	114.16	1,776	776.57
Depreciation & Amortization	326.07	304.54	172.74	98.71	76.48
Other Amortization	1.25	0.89	0.5	-	0.32
Loss (Gain) From Sale of Assets	-13.33	12.9	-	-	-
Asset Writedown & Restructuring Costs	-	-	-1,187	-1,926	4.21
Loss (Gain) From Sale of Investments	-13.39	-7.93	-10.98	-	-
Loss (Gain) on Equity Investments	-36.53	-52.8	-18.07	-	-
Provision & Write-off of Bad Debts	-0.27	0.96	0.4	0.55	0.81
Other Operating Activities	711.34	-613.26	518.89	-287.44	133.9
Change in Accounts Receivable	-212.28	265.68	42.91	-233.39	99.41
Change in Inventory	926.94	-947.32	-21.81	-509.27	-63.6
Change in Accounts Payable	534.37	949.38	-807.3	521.26	-479.29
Change in Unearned Revenue	-260.9	134.86	104.77	-157.18	-398.8
Change in Other Net Operating Assets	-409.78	229.35	217.82	574.37	32.66
Operating Cash Flow	-254.39	-113.59	-730.84	-108.98	348.75
Capital Expenditures	-823.57	-367.21	-161.67	-536.86	-100.7
Sale of Property, Plant & Equipment	81.84	25.19	10.94	74.04	19.53
Sale (Purchase) of Intangibles	-3.99	-	-	-0.12	-0.41
Sale (Purchase) of Real Estate	-	-	-117.21	18.45	90.99
Investing Cash Flow	-745.72	-342.02	-267.94	-444.48	9.4
Long-Term Debt Issued	5,433	2,117	1,694	646.97	-
Short-Term Debt Repaid	-	-	-	-	-375.01
Long-Term Debt Repaid	-5,253	-2,715	-1,495	-	-
Total Debt Repaid	-5,253	-2,715	-1,495	-	-375.01
Net Debt Issued (Repaid)	180.04	-598.37	198.75	646.97	-375.01
Issuance of Common Stock	-	3,240	-	-	100
Repurchase of Common Stock	-29.08	-	-	-	-
Other Financing Activities	363.53	534.64	324.99	-	-
Financing Cash Flow	514.49	3,176	523.74	646.97	-275.01
Miscellaneous Cash Flow Adjustments	-751.48	-654.15	-379.71	-	-
Net Cash Flow	-1,237	2,067	-854.75	93.51	83.14
Free Cash Flow	-1,078	-480.8	-892.51	-645.84	248.04
Free Cash Flow Margin	-5.40%	-2.56%	-5.64%	-5.88%	1.38%
Free Cash Flow Per Share	-0.43	-0.19	-0.46	-0.34	0.13
Cash Interest Paid	110.13	264.97	268.93	-	-
Cash Income Tax Paid	27.95	58.75	13.16	-	-
Levered Free Cash Flow	381.37	-52.61	-212.46	-251.11	-
Unlevered Free Cash Flow	571.79	455.65	-15.24	-205.49	-
Change in Working Capital	-247.82	166.86	-321.17	229.16	-643.55

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