IST:MEGMT 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	Sep '25 Sep 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	1,171	422.61	300.12	81.69	4.29	44.09
Depreciation & Amortization	433.3	348.29	224.01	120.32	73.36	52.13
Loss (Gain) From Sale of Assets	-20.92	-8.5	-22.26	-2.29	-	-0.77
Asset Writedown & Restructuring Costs	19.93	19.93	49.31	-127.69	-17.87	8.4
Other Operating Activities	-1,199	51.28	863.27	694.54	507.6	165.79
Change in Accounts Receivable	-758.34	-512.71	-259.25	-66.98	-262.73	-128.94
Change in Inventory	-678.36	-579.5	-599.45	-31.07	-372.1	-150.55
Change in Accounts Payable	1,168	-477.24	360.6	40.38	-	-
Change in Unearned Revenue	-198.5	-71.38	184.9	88.73	135.28	12.77
Change in Other Net Operating Assets	-653.61	-250.12	92.39	-204.16	299.65	123.04
Operating Cash Flow	-716.78	-1,057	1,194	593.46	367.49	125.96
Operating Cash Flow Growth	-	-	101.13%	61.49%	191.76%	-
Capital Expenditures	-234.97	-243.53	-354.82	-358.29	-109.69	-131.99
Sale of Property, Plant & Equipment	117.54	31.68	63.49	43.1	25.35	4.27
Sale (Purchase) of Intangibles	3.36	-	-	-	-0.49	-0.07
Sale (Purchase) of Real Estate	-	-	-7.69	-16.84	-17.83	-11.96
Investment in Securities	-	-	-	-	-0.66	-4.73
Other Investing Activities	-20.44	115.63	-64.07	-111.4	-1.22	0.66
Investing Cash Flow	-134.51	-96.22	-363.07	-443.43	-104.53	-143.83
Long-Term Debt Issued	-	1,270	173.6	455.12	157.22	73.65
Long-Term Debt Repaid	-	-	-18.12	-	-	-
Net Debt Issued (Repaid)	839.52	1,270	155.48	455.12	157.22	73.65
Issuance of Common Stock	-	-	1,087	10	49.16	42.05
Other Financing Activities	61.63	193.48	-201.81	-413.66	-202.09	-67.06
Financing Cash Flow	901.15	1,463	1,040	51.45	4.28	48.63
Foreign Exchange Rate Adjustments	220.47	-171.48	-489.2	-189.03	-203.53	-19.47
Net Cash Flow	270.32	138.45	1,382	12.46	63.71	11.29
Free Cash Flow	-951.75	-1,301	838.83	235.17	257.81	-6.04
Free Cash Flow Growth	-	-	256.69%	-8.78%	-	-
Free Cash Flow Margin	-4.53%	-7.25%	7.15%	2.66%	6.01%	-0.29%
Free Cash Flow Per Share	-3.59	-4.91	3.73	1.04	1.50	-0.06
Cash Interest Paid	506.02	447.57	289.34	431.86	204.59	67.51
Levered Free Cash Flow	-564.61	-1,355	-168.56	-367.98	-154.29	-
Unlevered Free Cash Flow	-553.06	-1,075	38.55	-270.62	-120.41	-
Change in Working Capital	-1,121	-1,891	-220.8	-173.11	-199.89	-143.68

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