IST:MANAS 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	-144.58	-113.04	56.89	-39.4	4.11	1.56
Depreciation & Amortization	41.74	26.27	20.84	10.9	1.21	1.26
Other Amortization	16.86	3.65	3.72	1.56	0.47	0.38
Asset Writedown & Restructuring Costs	-111.26	-111.26	-5.18	-	-	-
Provision & Write-off of Bad Debts	-	-	-	-	0.14	-
Other Operating Activities	138.12	70.7	-58.33	-1.81	1.43	-0.96
Change in Accounts Receivable	10.05	-32.9	73.19	26.41	-30.27	-10.78
Change in Inventory	-19.88	-67.49	-98.35	-32.72	-16.57	2.98
Change in Accounts Payable	-3.69	11.51	-56.58	23.55	7.48	-0.28
Change in Unearned Revenue	17.44	-32.45	22.08	20.8	-2.25	1.76
Change in Other Net Operating Assets	207.63	186.59	-29.05	-51.62	-4.05	-2.72
Operating Cash Flow	152.45	-58.41	-70.77	-42.32	-38.31	-6.82
Capital Expenditures	-13.32	-27.39	-13.19	-74.29	-0.94	-2.74
Sale of Property, Plant & Equipment	0.85	1.39	2.98	0.64	-	0.07
Sale (Purchase) of Intangibles	-95.32	-96.34	-36.99	-21.69	-3.97	-3.11
Sale (Purchase) of Real Estate	-	-	-2.53	-	-	-3.8
Investment in Securities	-	-	-0.53	-	-	-
Other Investing Activities	-	-	-1.96	-	-0	-0.36
Investing Cash Flow	-107.8	-122.34	-52.21	-95.34	-4.92	-9.95
Long-Term Debt Issued	-	1,011	587.62	356.64	36.07	49.05
Long-Term Debt Repaid	-	-729.7	-442.56	-188.75	-69.11	-30.76
Net Debt Issued (Repaid)	109.46	281.45	145.06	167.89	-33.04	18.29
Issuance of Common Stock	84.59	84.59	-	-	77.22	-
Other Financing Activities	-241.38	-186.29	-57.94	-15.65	-	-0.1
Financing Cash Flow	-47.33	179.74	87.12	152.24	44.18	18.19
Net Cash Flow	-2.68	-1.01	-35.86	14.58	0.96	1.43
Free Cash Flow	139.12	-85.8	-83.96	-116.61	-39.25	-9.56
Free Cash Flow Margin	35.52%	-23.61%	-21.12%	-43.27%	-40.72%	-17.71%
Free Cash Flow Per Share	1.04	-0.93	-1.05	-1.41	-0.47	-
Cash Interest Paid	243.41	186.3	58.15	16.12	-	-
Cash Income Tax Paid	-	-	48	-32.85	-	-
Levered Free Cash Flow	-230.68	-236.36	-138.07	-216.51	-37.97	-
Unlevered Free Cash Flow	-74.89	-113.33	-95.16	-205.49	-33.29	-
Change in Working Capital	211.56	65.26	-88.71	-13.58	-45.66	-9.05

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