IST:KSTUR 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	84.3	93.88	230.7	58.26	16.47
Depreciation & Amortization	37.85	33.58	20.91	15.34	1.87
Other Amortization	0.1	0.1	0.03	-	0.01
Provision & Write-off of Bad Debts	0.01	-0.06	-1.85	7.74	4.04
Other Operating Activities	355.36	341.65	-143.24	16.54	-12.53
Change in Accounts Receivable	-4.67	0.29	3.49	-9.3	-4.01
Change in Inventory	-0.93	-9.07	-3.1	-3.33	0.44
Change in Accounts Payable	2.33	1.15	-6.07	10.14	-0.18
Change in Unearned Revenue	9.24	-0.54	-0.64	0.9	0.14
Change in Other Net Operating Assets	1.74	-7.42	36.96	-25.3	-0.15
Operating Cash Flow	485.34	453.57	137.19	70.99	6.11
Operating Cash Flow Growth	7.00%	230.61%	93.25%	1062.34%	-
Capital Expenditures	-63.28	-33.62	-29.27	-25.62	-0.18
Sale (Purchase) of Intangibles	-	-0.18	-0.1	-	-
Sale (Purchase) of Real Estate	-0.39	-6.72	-1.36	-	0.02
Other Investing Activities	9.25	27.1	9.97	5.9	-
Investing Cash Flow	-54.42	-13.41	-20.76	-19.72	-0.16
Short-Term Debt Issued	0	0	4.55	5.28	-
Long-Term Debt Issued	-	-	-	-	0
Total Debt Issued	0	0	4.55	5.28	0
Short-Term Debt Repaid	-0	-0.9	-6.54	-2.22	-
Long-Term Debt Repaid	-	-	-	-	-0
Total Debt Repaid	-0	-0.9	-6.54	-2.22	-0
Net Debt Issued (Repaid)	-	-0.9	-1.99	3.06	0
Common Dividends Paid	-77.49	-62.47	-87.74	-37.08	-
Other Financing Activities	-0.5	-0.53	-0.47	-0.27	13.52
Financing Cash Flow	-78	-63.89	-90.2	-34.3	13.52
Miscellaneous Cash Flow Adjustments	-351.94	-350.47	-	-	-
Net Cash Flow	0.99	25.8	26.23	16.98	19.46
Free Cash Flow	422.06	419.95	107.92	45.38	5.93
Free Cash Flow Growth	0.50%	289.13%	137.84%	665.49%	-
Free Cash Flow Margin	92.25%	87.03%	28.87%	23.96%	29.88%
Free Cash Flow Per Share	99.44	98.94	25.43	10.69	1.40
Cash Interest Paid	0.5	0.53	0.47	0.27	1.36
Cash Income Tax Paid	-	-	-	-	2.27
Levered Free Cash Flow	76.79	107.46	106.56	47.34	4.59
Unlevered Free Cash Flow	76.79	107.46	106.64	47.51	4.7
Change in Working Capital	7.72	-15.59	30.64	-26.9	-3.76

Source: S&P Global Market Intelligence. Standard template. Financial Sources.