Kuyas Yatirim A.S. 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	-1,312	75.81	190.55	-77.72	127.3
Depreciation & Amortization	7.21	7.5	5.03	4.33	0.06
Asset Writedown & Restructuring Costs	147.81	177.8	-53.77	209.62	-3.86
Loss (Gain) From Sale of Investments	310.54	179.53	98.67	9.34	-81.73
Provision & Write-off of Bad Debts	-21.47	-35.08	21.14	12.79	-22.36
Other Operating Activities	393.4	375.37	-120.02	-69.46	-6.92
Change in Accounts Receivable	333.79	-166.29	-90.08	11.5	10.25
Change in Inventory	8.09	-894	-113.06	-85.63	-8.36
Change in Accounts Payable	314.79	291.31	-34.16	-40.61	17.68
Change in Unearned Revenue	50.52	-314.83	374.28	112.96	11
Change in Other Net Operating Assets	190.59	-204.82	2.91	-14.06	0.88
Operating Cash Flow	-1,090	-928.35	271.38	80.92	39.92
Operating Cash Flow Growth	-	-	235.34%	102.69%	-
Capital Expenditures	-27.6	-43.85	-88.48	-87.4	-3.3
Sale of Property, Plant & Equipment	262.32	169.21	49.23	78.68	0.36
Sale (Purchase) of Intangibles	-0.19	-0.15	-1.01	-	-0.01
Sale (Purchase) of Real Estate	140.12	-5.76	-2.11	-	-
Investment in Securities	-0.15	0.4	0.31	-43.85	-
Investing Cash Flow	374.5	119.85	-42.06	-52.58	-2.94
Long-Term Debt Issued	131,524	1,888	0.01	11.29	17.73
Long-Term Debt Repaid	-129,851	-777.58	-88.47	-121.72	-12.05
Net Debt Issued (Repaid)	1,673	1,111	-88.46	-110.43	5.68
Repurchase of Common Stock	-227.23	-179.09	-25.01	-23.99	-6
Other Financing Activities	-738.2	-301.08	-14.2	-20.87	-2.43
Financing Cash Flow	707.43	630.46	-127.67	-155.29	-2.74
Net Cash Flow	-7.86	-178.04	101.64	-126.94	34.24
Free Cash Flow	-1,117	-972.2	182.9	-6.48	36.62
Free Cash Flow Margin	-93.90%	-66.24%	20.13%	-1.12%	50.96%
Free Cash Flow Per Share	-2.79	-2.43	0.46	-0.02	0.09
Cash Interest Paid	738.2	301.08	14.2	20.34	2.28
Levered Free Cash Flow	1,111	-1,695	-343.46	-250.82	18.29
Unlevered Free Cash Flow	1,585	-1,479	-313.68	-214.07	20.43
Change in Working Capital	-615.39	-1,709	129.78	-7.97	27.44

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