IST:MAALT Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	26.79	29.64	-156.38	-52.3	-98.96	44.06
Depreciation & Amortization	30.32	30.43	35.84	28.66	21.3	2.24
Loss (Gain) From Sale of Assets	-	-	-	-	-	1.18
Provision & Write-off of Bad Debts	-0.28	-0.28	-	-	-	-
Other Operating Activities	233.15	10.74	414.6	394.6	-68.87	-21.27
Change in Accounts Receivable	1.67	1.2	-0.99	0.34	0.16	-0.05
Change in Inventory	0	0	0	0	0	0
Change in Accounts Payable	149.11	185.5	-31.33	-34.43	107.56	7.83
Change in Other Net Operating Assets	-638.44	-93.88	-379.9	-26.51	-28.28	-1.01
Operating Cash Flow	-197.68	163.36	-118.17	310.36	-67.1	32.99
Capital Expenditures	-1,051	-1,046	-1,064	-664.23	-174.02	-20.31
Sale of Property, Plant & Equipment	-	-	-	-	-	5.89
Sale (Purchase) of Real Estate	-	-	-	-0.03	-	-
Other Investing Activities	-	-	-	1,840	-	15.25
Investing Cash Flow	-1,051	-1,046	-1,064	1,175	-174.02	0.83
Issuance of Common Stock	1,600	1,600	-	-	-	-
Other Financing Activities	-31.57	116.84	220.61	85.34	-	-0.03
Financing Cash Flow	1,568	1,717	220.61	85.34	-	-0.03
Foreign Exchange Rate Adjustments	-413.42	-138.75	-689	-91.3	-	-
Net Cash Flow	-93.93	695.9	-1,651	1,480	-241.11	33.79
Free Cash Flow	-1,249	-882.19	-1,183	-353.87	-241.11	12.68
Free Cash Flow Margin	-2503.14%	-1768.08%	-2277.37%	-946.31%	-2578.41%	259.95%
Free Cash Flow Per Share	-169.11	-126.62	-169.75	-50.79	-45.88	2.41
Cash Income Tax Paid	9.92	9.92	53.86	3.92	6.34	0.89
Levered Free Cash Flow	-834.07	-834.42	-1,085	-597.07	-88.9	-13.81
Unlevered Free Cash Flow	-834.07	-834.42	-1,085	-597.07	-88.9	-13.81
Change in Working Capital	-487.66	92.83	-412.23	-60.6	79.44	6.77