IST:MAGEN 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	Jun '25 Jun 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	-1,381	-281.88	448.79	-1,243	1,010	77.04
Depreciation & Amortization	302.93	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	917.11	-243.55	-530.85	-	-360.1	-
Asset Writedown	1,292	1,292	480.41	2,107	-550.38	-353.52
Stock-Based Compensation	-	-	-	-	-317.75	-
Change in Accounts Receivable	249.39	276.36	509.44	-84.33	-291.89	-2.49
Change in Inventory	-2.13	14.63	-53.18	-0.57	-1.02	-1.89
Change in Accounts Payable	-82.21	-148.03	-363.37	73.81	110.18	26.55
Change in Unearned Revenue	16.27	-5.7	28.21	-20.31	2.37	8.95
Change in Other Net Operating Assets	172.08	45.52	-49.14	-170.46	-21.6	-27.75
Other Operating Activities	-394	-1,046	-1,202	-820.24	-494.41	43.54
Operating Cash Flow	1,090	202.79	-438.62	104.59	-828.26	-217.93
Capital Expenditures	-64.05	-62.99	-55.46	-158.28	-	-6.63
Sale of Property, Plant & Equipment	26.85	10.65	30.31	29.09	-	0.04
Cash Acquisitions	-298.05	-	-	-	0.05	-
Investment in Securities	-	-	-1,009	-424.84	-	-
Other Investing Activities	-9.93	47.83	210.58	19.33	-112.3	-
Investing Cash Flow	-345.02	-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)	10.34	303.05	361.81	-427.99	920.26	231.14
Issuance of Common Stock	-	-	-	-	824.94	21.9
Repurchase of Common Stock	-30.39	-30.39	-41.5	-	-	-
Common Dividends Paid	-	-	-20.65	-143.24	-	-
Other Financing Activities	-514.12	-613.56	862.34	-965.96	-0.95	51.91
Financing Cash Flow	-534.17	-340.9	1,162	-1,537	1,744	304.94
Foreign Exchange Rate Adjustments	-114.42	-114.42	-209.58	-	-	-
Net Cash Flow	92.13	-257.04	-309.59	-1,967	803.74	80.43
Free Cash Flow	1,026	139.8	-494.08	-53.68	-828.26	-224.56
Free Cash Flow Margin	84.15%	12.32%	-45.11%	-4.33%	-162.78%	-251.81%
Free Cash Flow Per Share	0.85	0.12	-0.42	-0.04	-0.70	-
Cash Interest Paid	524.07	368.68	320.24	146.88	92.53	15.15
Cash Income Tax Paid	1.76	-5.11	3.7	-1.6	1.05	0
Levered Free Cash Flow	-251.82	-280.79	1,168	-1,163	-330.41	-
Unlevered Free Cash Flow	80.69	-45.4	1,381	-1,071	-272.58	-
Change in Working Capital	353.4	182.78	71.97	-201.86	-201.96	3.37

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