IST:KRVGD 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	-85.85	-89.06	350.75	34.58	133.02
Depreciation & Amortization	817.03	524.25	479.1	330.13	72.86
Loss (Gain) From Sale of Assets	-75.51	-0.08	18.9	0.44	-0.1
Asset Writedown & Restructuring Costs	81.18	29.23	-	-	3.08
Loss (Gain) on Equity Investments	-11.16	-2.47	-0.66	-6.02	11.32
Provision & Write-off of Bad Debts	-	19.53	-6.02	-10.31	10.62
Other Operating Activities	-143.14	-1,103	-1,008	-789.3	-78.25
Change in Accounts Receivable	-375.07	298.08	-711.77	-599.24	-213.49
Change in Inventory	182.49	69.6	-391.14	214.45	-332.05
Change in Accounts Payable	6.71	-84.3	590.56	255.78	305.32
Change in Unearned Revenue	30.33	-9.91	-26.75	-10.39	20.69
Change in Other Net Operating Assets	-54.92	720.11	-82.17	195.59	-243.23
Operating Cash Flow	372.1	372.44	-787.52	-384.29	-310.22
Operating Cash Flow Growth	-0.09%	-	-	-	-
Capital Expenditures	-1,092	-1,650	-833.28	-767.5	-169.15
Sale of Property, Plant & Equipment	332.53	31.26	66.88	15.77	17.06
Cash Acquisitions	-	-15.98	-0.76	-13.02	-160.25
Divestitures	-	-	-	22.24	-
Sale (Purchase) of Intangibles	-	-34.16	-20.44	-	-
Sale (Purchase) of Real Estate	-	-43.13	-78.13	15.26	-
Investing Cash Flow	-759.5	-1,712	-865.74	-727.25	-312.34
Long-Term Debt Issued	698.02	1,731	1,765	989.7	646.46
Long-Term Debt Repaid	-23.67	-20.87	-28.35	-17.64	-3.72
Net Debt Issued (Repaid)	674.34	1,710	1,736	972.07	642.74
Repurchase of Common Stock	-22.72	-84.42	-51.01	-34.77	-10.24
Common Dividends Paid	-	-173.62	-99.78	-79.87	-24.99
Other Financing Activities	-623.93	55.63	-	128.65	-
Financing Cash Flow	27.69	1,508	1,586	986.08	607.51
Foreign Exchange Rate Adjustments	224.83	87.9	117.72	192.24	43.15
Miscellaneous Cash Flow Adjustments	-146.18	-119.77	-280.99	-275.27	-
Net Cash Flow	-281.05	136.38	-230.92	-208.49	28.09
Free Cash Flow	-719.92	-1,277	-1,621	-1,152	-479.37
Free Cash Flow Margin	-4.58%	-11.24%	-13.68%	-13.29%	-25.94%
Free Cash Flow Per Share	-	-0.59	-0.75	-0.53	-0.22
Cash Income Tax Paid	-	120.14	172.46	93.78	10.23
Levered Free Cash Flow	-1,298	-651.09	-1,444	-1,700	-416.4
Unlevered Free Cash Flow	-236.36	-225.67	-1,099	-1,531	-405.61
Change in Working Capital	-210.46	993.58	-621.27	56.2	-462.76

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