IST:MAGEN Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	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	-281.88	448.79	-1,243	1,010	77.04
Depreciation & Amortization	299.32	295.22	269.48	86.14	11.64
Loss (Gain) on Sale of Assets	-	-1.8	-6.65	-	-
Loss (Gain) on Sale of Investments	-243.55	-530.85	-	-360.1	-
Asset Writedown	1,292	480.41	2,107	-550.38	-353.52
Stock-Based Compensation	-	-	-	-317.75	-
Change in Accounts Receivable	276.36	509.44	-84.33	-291.89	-2.49
Change in Inventory	14.63	-53.18	-0.57	-1.02	-1.89
Change in Accounts Payable	-148.03	-363.37	73.81	110.18	26.55
Change in Unearned Revenue	-5.7	28.21	-20.31	2.37	8.95
Change in Other Net Operating Assets	45.52	-49.14	-170.46	-21.6	-27.75
Other Operating Activities	-1,046	-1,202	-820.24	-494.41	43.54
Operating Cash Flow	202.79	-438.62	104.59	-828.26	-217.93
Capital Expenditures	-62.99	-55.46	-158.28	-	-6.63
Sale of Property, Plant & Equipment	10.65	30.31	29.09	-	0.04
Cash Acquisitions	-	-	-	0.05	-
Investment in Securities	-	-1,009	-424.84	-	-
Other Investing Activities	47.83	210.58	19.33	-112.3	-
Investing Cash Flow	-4.5	-823.39	-534.7	-112.25	-6.59
Long-Term Debt Issued	1,185	1,519	186.55	920.26	231.14
Long-Term Debt Repaid	-881.67	-1,158	-614.54	-	-
Net Debt Issued (Repaid)	303.05	361.81	-427.99	920.26	231.14
Issuance of Common Stock	-	-	-	824.94	21.9
Repurchase of Common Stock	-30.39	-41.5	-	-	-
Common Dividends Paid	-	-20.65	-143.24	-	-
Other Financing Activities	-613.56	862.34	-965.96	-0.95	51.91
Financing Cash Flow	-340.9	1,162	-1,537	1,744	304.94
Foreign Exchange Rate Adjustments	-114.42	-209.58	-	-	-
Net Cash Flow	-257.04	-309.59	-1,967	803.74	80.43
Free Cash Flow	139.8	-494.08	-53.68	-828.26	-224.56
Free Cash Flow Margin	12.32%	-45.11%	-4.33%	-162.78%	-251.81%
Free Cash Flow Per Share	0.05	-0.17	-0.02	-0.28	-
Cash Interest Paid	368.68	320.24	146.88	92.53	15.15
Cash Income Tax Paid	-5.11	3.7	-1.6	1.05	0
Levered Free Cash Flow	-280.79	1,168	-1,163	-330.41	-
Unlevered Free Cash Flow	-45.4	1,381	-1,071	-272.58	-
Change in Working Capital	182.78	71.97	-201.86	-201.96	3.37

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.