IST:LILAK 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	1,704	1,538	324.08	2,053	745.61
Depreciation & Amortization	817.62	954.49	665.94	368.96	294.79
Loss (Gain) From Sale of Assets	-550.7	-0.19	-8.98	-0.47	-2.37
Loss (Gain) From Sale of Investments	-70.42	-12.3	-4.37	-2.26	-
Provision & Write-off of Bad Debts	4.44	0.54	-7.19	-5.44	3.29
Other Operating Activities	894.02	1,071	1,826	995.46	1,219
Change in Accounts Receivable	206.96	757.31	1,388	-1,594	-713.75
Change in Inventory	390.64	91.55	1,373	-677.23	-226.27
Change in Accounts Payable	-236.9	119.23	-559.19	326.52	255.16
Change in Other Net Operating Assets	-225.37	396.8	-287.54	50.35	308.47
Operating Cash Flow	2,934	4,917	4,710	1,515	1,884
Operating Cash Flow Growth	-40.32%	4.39%	210.89%	-19.57%	-
Capital Expenditures	-913.46	-901.28	-715.68	-287.52	-1,398
Sale of Property, Plant & Equipment	580.57	13.4	8.98	0.98	2.37
Sale (Purchase) of Intangibles	-1.46	-4.11	-2.59	-0.35	-0.9
Investment in Securities	-98.92	-65.1	47.76	-27.8	-
Other Investing Activities	-622.22	-16.4	60.6	39.27	247.08
Investing Cash Flow	-1,055	-973.49	-600.93	-275.42	-1,149
Long-Term Debt Issued	968.73	2,298	2,874	3,102	2,463
Long-Term Debt Repaid	-2,056	-3,107	-3,952	-2,631	-1,757
Net Debt Issued (Repaid)	-1,088	-808.39	-1,078	471.16	705.97
Issuance of Common Stock	-	4,730	-	-	-
Common Dividends Paid	-1,055	-264.6	-229.44	-137	-93.96
Other Financing Activities	337.76	-1,562	-2,624	-2,102	-1,419
Financing Cash Flow	-1,805	2,095	-3,931	-1,768	-806.68
Foreign Exchange Rate Adjustments	-1,733	-579.81	356.42	325.29	189.44
Net Cash Flow	-1,660	5,458	534.43	-203.44	116.96
Free Cash Flow	2,021	4,016	3,994	1,227	485.67
Free Cash Flow Growth	-49.67%	0.53%	225.40%	152.74%	-
Free Cash Flow Margin	14.85%	24.51%	29.57%	9.74%	7.45%
Free Cash Flow Per Share	3.42	7.18	7.99	2.46	0.97
Cash Interest Paid	217.22	380.5	283.32	191.73	13.94
Cash Income Tax Paid	103.56	185.31	166.98	149.15	1.57
Levered Free Cash Flow	1,058	1,347	1,184	-201.18	-
Unlevered Free Cash Flow	1,205	1,601	1,425	-65.39	-
Change in Working Capital	135.33	1,365	1,915	-1,895	-376.39

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