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	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	142.12	142.63	190.55	-77.72	127.3	9.88
Depreciation & Amortization	-5.15	5.97	5.03	4.33	0.06	0.08
Asset Writedown & Restructuring Costs	133.79	100.44	-53.77	209.62	-3.86	-1.18
Loss (Gain) From Sale of Investments	409.54	177.21	98.67	9.34	-81.73	-32.65
Provision & Write-off of Bad Debts	-16.49	-35.08	21.14	12.79	-22.36	-2.68
Other Operating Activities	732.22	262.78	-120.02	-69.46	-6.92	-8.01
Change in Accounts Receivable	-197.56	-98.63	-90.08	11.5	10.25	6.33
Change in Inventory	-185.8	-715.91	-113.06	-85.63	-8.36	2.7
Change in Accounts Payable	574.88	235.36	-34.16	-40.61	17.68	-4.92
Change in Unearned Revenue	-103.31	-281.23	374.28	112.96	11	-2.39
Change in Other Net Operating Assets	269.2	-156.4	2.91	-14.06	0.88	22.4
Operating Cash Flow	-992.74	-684.23	271.38	80.92	39.92	-10.45
Operating Cash Flow Growth	-	-	235.34%	102.69%	-	-
Capital Expenditures	-15.35	-28.57	-88.48	-87.4	-3.3	-0.27
Sale of Property, Plant & Equipment	355.5	124.34	49.23	78.68	0.36	7.45
Sale (Purchase) of Intangibles	0.55	-0.11	-1.01	-	-0.01	-0.01
Sale (Purchase) of Real Estate	143.3	-4.4	-2.11	-	-	-
Investment in Securities	-0.4	0.61	0.31	-43.85	-	-
Investing Cash Flow	483.6	91.87	-42.06	-52.58	-2.94	7.16
Long-Term Debt Issued	-	1,643	0.01	11.29	17.73	-
Long-Term Debt Repaid	-	-777.58	-88.47	-121.72	-12.05	-16.67
Net Debt Issued (Repaid)	1,781	865.36	-88.46	-110.43	5.68	-16.67
Issuance of Common Stock	-	-	-	-	-	45.95
Repurchase of Common Stock	-227.23	-179.09	-25.01	-23.99	-6	-
Other Financing Activities	-974.7	-229.93	-14.2	-20.87	-2.43	-5.47
Financing Cash Flow	578.86	456.34	-127.67	-155.29	-2.74	23.82
Net Cash Flow	69.72	-136.02	101.64	-126.94	34.24	20.54
Free Cash Flow	-1,008	-712.8	182.9	-6.48	36.62	-10.72
Free Cash Flow Margin	-99.02%	-61.82%	20.13%	-1.12%	50.96%	-160.77%
Free Cash Flow Per Share	-2.52	-1.78	0.46	-0.02	0.09	-0.05
Cash Interest Paid	974.7	229.93	14.2	20.34	2.28	5.47
Levered Free Cash Flow	-450.65	-1,152	-343.46	-250.82	18.29	21.62
Unlevered Free Cash Flow	181.45	-987.38	-313.68	-214.07	20.43	25.36
Change in Working Capital	-2,389	-1,338	129.78	-7.97	27.44	24.12

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