IST:LUKSK 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	39.13	-88.63	193.94	96.19	35.37
Depreciation & Amortization	53.28	38.26	21.37	7.41	5.22
Other Amortization	-	-	0.79	0.11	0.13
Loss (Gain) From Sale of Assets	-1.45	-	-	-	-
Asset Writedown & Restructuring Costs	-57.82	-56.38	-125.19	-89.77	-30
Provision & Write-off of Bad Debts	1.66	-	-	-0.05	0.76
Other Operating Activities	8.74	164.84	157.26	66.98	35.67
Change in Accounts Receivable	14.01	73.33	-70.62	-22.23	-10.62
Change in Inventory	17.47	-6.73	-12.06	-18.3	-15.74
Change in Accounts Payable	8.79	2.32	-1.61	2.72	9.81
Change in Unearned Revenue	-3.51	6.01	-0.69	-	-
Change in Other Net Operating Assets	0.96	0.24	11.69	-44.39	-1.66
Operating Cash Flow	83.89	158.65	202.54	-1.32	28.94
Operating Cash Flow Growth	-47.12%	-21.67%	-	-	26.69%
Capital Expenditures	-34.46	-1.82	-43.56	-15.18	-20.39
Sale of Property, Plant & Equipment	33.03	-	0.06	0.37	0.06
Sale (Purchase) of Intangibles	-	-	-	-0.01	-0.06
Other Investing Activities	-	-	-	6.14	0.96
Investing Cash Flow	-1.43	-1.82	-43.5	-8.67	-19.44
Long-Term Debt Issued	86.64	28.61	163.93	97.39	100.68
Long-Term Debt Repaid	-216.23	-131.96	-144.27	-107.83	-50.94
Total Debt Repaid	-216.23	-131.96	-144.27	-107.83	-50.94
Net Debt Issued (Repaid)	-129.59	-103.34	19.66	-10.44	49.73
Common Dividends Paid	-	-	-5.21	-3.5	-3
Other Financing Activities	-5.73	-64.67	-227.1	-16.08	-2.51
Financing Cash Flow	-135.32	-168.02	-212.65	-30.02	44.22
Miscellaneous Cash Flow Adjustments	12.49	30.18	-	-	-
Net Cash Flow	-40.37	18.99	-53.61	-40.01	53.72
Free Cash Flow	49.44	156.83	158.98	-16.5	8.55
Free Cash Flow Growth	-68.48%	-1.35%	-	-	-50.47%
Free Cash Flow Margin	10.50%	26.44%	29.00%	-7.00%	6.57%
Free Cash Flow Per Share	1.77	5.60	5.68	-0.59	0.30
Cash Interest Paid	5.73	69.34	241.09	16.08	2.51
Cash Income Tax Paid	-0.52	2.34	-	1.77	1.58
Levered Free Cash Flow	64.09	-7.46	-227.53	-19.12	-7.74
Unlevered Free Cash Flow	71.45	35.88	-76.85	-9.07	-6.17
Change in Working Capital	40.35	100.56	-45.62	-82.2	-18.21

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