IST:KOTON 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	-963.67	-519.22	2,605	1,748	808
Depreciation & Amortization	3,936	3,464	2,947	1,874	1,762
Loss (Gain) From Sale of Assets	-3.33	7.13	9.83	23.33	22.41
Provision & Write-off of Bad Debts	28.3	32.48	22.8	10.42	-0.3
Other Operating Activities	1,465	482.16	-1,833	-375.32	-764.73
Change in Accounts Receivable	259.87	-862	-963.94	-457.96	-384.05
Change in Inventory	1,199	-805.99	-185.42	-1,214	500.3
Change in Accounts Payable	-1,032	-58.24	89.4	1,495	1,067
Change in Unearned Revenue	-71.78	47.23	-60.66	88.14	3.71
Change in Other Net Operating Assets	-212.1	-1,528	-206.43	-193.13	-110.93
Operating Cash Flow	4,606	260.36	2,425	2,999	2,904
Operating Cash Flow Growth	1668.96%	-89.26%	-19.13%	3.26%	282.55%
Capital Expenditures	-923.99	-899.21	-660	-331.43	-171.6
Sale of Property, Plant & Equipment	34.07	35.84	36.03	7.08	125.18
Sale (Purchase) of Intangibles	-206.69	-195.57	-91.22	-43.65	-72.75
Investment in Securities	-	-1.51	-0.61	-3.95	-
Other Investing Activities	-0	-	-	-	-
Investing Cash Flow	-1,097	-1,060	-715.8	-371.96	-119.17
Long-Term Debt Issued	8,496	4,832	2,497	1,088	1,770
Long-Term Debt Repaid	-10,068	-4,602	-4,194	-2,584	-3,603
Net Debt Issued (Repaid)	-1,572	230.51	-1,697	-1,497	-1,833
Issuance of Common Stock	-	1,554	-	-	-
Other Financing Activities	-1,081	-692.52	-258.08	-231.56	-577.37
Financing Cash Flow	-2,652	1,092	-1,955	-1,728	-2,410
Foreign Exchange Rate Adjustments	-180.72	-208.58	-494.81	-704.92	-109.72
Miscellaneous Cash Flow Adjustments	0	-	141.55	-33.46	-64.58
Net Cash Flow	676.05	83.69	-598.73	159.88	200.09
Free Cash Flow	3,682	-638.85	1,765	2,667	2,732
Free Cash Flow Growth	-	-	-33.83%	-2.38%	297.44%
Free Cash Flow Margin	11.20%	-1.95%	7.11%	16.65%	19.00%
Free Cash Flow Per Share	4.44	-0.78	2.22	3.35	3.44
Cash Interest Paid	1,250	758.36	320.35	256.93	613.95
Cash Income Tax Paid	84.19	102.73	352.27	33.76	-
Levered Free Cash Flow	3,278	-1,620	-362.43	1,439	-
Unlevered Free Cash Flow	5,944	936.48	1,075	2,351	-
Change in Working Capital	143.8	-3,207	-1,327	-282.02	1,076

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