IST:KOPOL 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	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	212.78	395.12	342.1	445.14	149.58	9.75
Depreciation & Amortization	134.51	119.52	80.39	51.29	25.12	19.3
Provision & Write-off of Bad Debts	-0.3	3.6	2.86	-0.74	-0.03	-0.05
Other Operating Activities	185.44	169.42	282.81	-51.64	36.43	29.55
Change in Accounts Receivable	-1,142	-584.37	-568.23	-312.91	-283.32	96.16
Change in Inventory	-96.5	-101.09	-85.96	-245.11	-85.52	-41.15
Change in Accounts Payable	-183.54	-949.33	1,603	-70.83	77.03	-59.36
Change in Unearned Revenue	-30.63	22.02	-22.8	11.22	38.35	14.69
Change in Other Net Operating Assets	-40.65	1,185	-1,340	-516.32	98.56	86.07
Operating Cash Flow	-961.31	259.58	357.12	-744.56	56.2	154.96
Operating Cash Flow Growth	-	-27.31%	-	-	-63.73%	-
Capital Expenditures	-151.6	-165.1	-144.75	-137.17	-11.84	-9.49
Sale of Property, Plant & Equipment	-	-	-	0.05	0.03	-
Sale (Purchase) of Intangibles	-0.13	-0.13	-0.06	-0.6	-0.04	-0.11
Investing Cash Flow	-151.73	-165.23	-144.81	-137.72	-11.85	-9.6
Long-Term Debt Issued	-	1,012	859.82	972.03	445.61	229.49
Long-Term Debt Repaid	-	-604.02	-1,209	-102.71	-281.86	-316.69
Net Debt Issued (Repaid)	1,244	408.31	-349.48	869.33	163.75	-87.2
Issuance of Common Stock	-	-	554.05	183	-	-
Other Financing Activities	-167.3	-141.47	-103.37	-63.31	-11.22	-12.01
Financing Cash Flow	1,077	266.83	101.19	989.02	152.52	-99.22
Foreign Exchange Rate Adjustments	-16.42	-118.39	-351.63	-62.39	-158.04	-65.85
Net Cash Flow	-52.28	242.8	-38.12	44.35	38.84	-19.71
Free Cash Flow	-1,113	94.48	212.37	-881.73	44.36	145.46
Free Cash Flow Growth	-	-55.51%	-	-	-69.50%	-
Free Cash Flow Margin	-22.69%	1.94%	5.90%	-30.33%	3.33%	23.61%
Free Cash Flow Per Share	-0.86	0.07	0.16	-1.86	0.74	2.42
Cash Interest Paid	178.14	146.8	111.87	64.18	11.39	12.13
Cash Income Tax Paid	5.78	9.7	8.95	57.78	3.79	0.02
Levered Free Cash Flow	-1,178	-75.61	-165.02	-534.35	-99.61	-
Unlevered Free Cash Flow	-1,067	16.14	-95.1	-494.24	-92.49	-
Change in Working Capital	-1,494	-428.08	-351.05	-1,189	-154.89	96.41

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