IST:KUTPO 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	Sep '25 Sep 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	380.99	232.62	54.29	-19.06	33.99	33.25
Depreciation & Amortization	202.63	171.1	153.39	100.57	20.7	19.5
Other Amortization	46.93	22.17	10.94	6.96	1.4	1.07
Loss (Gain) From Sale of Assets	-	-	-	-1.45	-1.1	-13.92
Provision & Write-off of Bad Debts	21.49	18.15	60.91	6.51	4.5	3.05
Other Operating Activities	146.17	355.42	-337.88	131.2	12.94	4.28
Change in Accounts Receivable	37.63	102.2	443.72	-166.76	-95.29	-24.9
Change in Inventory	-165.13	-97.59	233.54	-122.53	-78.45	-11.72
Change in Accounts Payable	-11.77	156.49	-250.94	8.1	80.3	21.41
Change in Unearned Revenue	-199.9	185.89	-230.28	37.53	77.56	9.86
Change in Other Net Operating Assets	-64.24	-308.59	172.01	-17.36	-3	-21.66
Operating Cash Flow	394.81	837.87	309.68	-36.29	53.55	20.21
Operating Cash Flow Growth	-58.86%	170.56%	-	-	164.91%	-0.68%
Capital Expenditures	-422.83	-385.62	-156.33	-139.37	-52.87	-23.35
Sale of Property, Plant & Equipment	0.29	-	0.02	0.36	1.36	12.88
Sale (Purchase) of Intangibles	-37.77	-21.51	-19.82	-	-	-
Sale (Purchase) of Real Estate	29	-	-4.1	-	-	-
Investing Cash Flow	-431.32	-407.13	-180.23	-139.01	-51.51	-10.47
Short-Term Debt Issued	-	-	-	-	194.14	-
Long-Term Debt Issued	-	-	-	905.84	-	-
Total Debt Issued	-	-	-	905.84	194.14	-
Short-Term Debt Repaid	-	-	-	-	-194.11	-2.53
Long-Term Debt Repaid	-	-391.3	-65.65	-696.58	-1.15	-5.5
Total Debt Repaid	13.82	-391.3	-65.65	-696.58	-195.27	-8.03
Net Debt Issued (Repaid)	13.82	-391.3	-65.65	209.26	-1.13	-8.03
Financing Cash Flow	49.86	-391.3	-65.65	209.26	-1.13	-8.03
Miscellaneous Cash Flow Adjustments	-13.03	-33.47	-20.01	-18.98	-	-
Net Cash Flow	0.33	5.97	43.79	14.98	0.91	1.71
Free Cash Flow	-28.02	452.24	153.35	-175.65	0.68	-3.14
Free Cash Flow Growth	-	194.91%	-	-	-	-
Free Cash Flow Margin	-0.88%	13.73%	4.53%	-6.74%	0.11%	-0.81%
Free Cash Flow Per Share	-0.70	11.33	3.84	-4.40	0.02	-0.08
Cash Interest Paid	19.82	34.74	114.35	-	-	-
Cash Income Tax Paid	154.45	154.45	72.75	-2.58	8.21	4.03
Levered Free Cash Flow	-502.26	193.41	175.64	-744.02	-25.97	-0.61
Unlevered Free Cash Flow	-489.87	215.12	247.11	-692.09	-17.25	4.78
Change in Working Capital	-403.41	38.4	368.04	-261.02	-18.88	-27.01

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