IST:MEKAG Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	-59.84	-113.73	158.18	77.13	35.61
Depreciation & Amortization	90.97	79.9	43.08	20.04	3.16
Other Amortization	14.64	5.69	2.67	1	0.1
Loss (Gain) From Sale of Assets	0.16	-2.52	-14	-79.22	-1.02
Asset Writedown & Restructuring Costs	1.73	20.45	2.4	1.12	-
Loss (Gain) From Sale of Investments	-25.13	-88.41	-	-	-
Provision & Write-off of Bad Debts	-	-	-	-	0.88
Other Operating Activities	4.9	-49.29	-132.68	20.96	-4.93
Change in Accounts Receivable	-104.15	26.38	-150.73	-66.47	-3.53
Change in Inventory	211.08	-118.79	-56.31	-24.95	-48.02
Change in Accounts Payable	37.28	-67.66	-212.46	-30.96	31.13
Change in Unearned Revenue	70.29	-126.43	62.23	2.34	43.03
Change in Other Net Operating Assets	62.58	388.42	477.29	66.51	-15.67
Operating Cash Flow	523.91	-16.92	-51.08	-12.65	40.71
Operating Cash Flow Growth	-	-	-	-	26.28%
Capital Expenditures	-18.92	-178.63	-110.42	-57.17	-10.55
Sale of Property, Plant & Equipment	3.23	12.84	16.15	136.36	1.07
Sale (Purchase) of Intangibles	-44.52	-58.17	-54.16	-15.61	-5.43
Investing Cash Flow	-60.21	-223.97	-148.43	63.57	-14.91
Long-Term Debt Issued	48.98	707.5	270.49	-	-
Long-Term Debt Repaid	-150.3	-639.63	-330.1	-10.2	-3.7
Net Debt Issued (Repaid)	-101.32	67.87	-59.61	-10.2	-3.7
Issuance of Common Stock	-	-	454.81	-	-
Financing Cash Flow	-101.32	67.87	395.2	-10.2	-3.7
Miscellaneous Cash Flow Adjustments	-57.91	-110.22	-65.51	-48.01	-
Net Cash Flow	304.47	-283.24	130.18	-7.28	22.11
Free Cash Flow	505	-195.55	-161.5	-69.82	30.17
Free Cash Flow Growth	-	-	-	-	11.13%
Free Cash Flow Margin	17.56%	-7.28%	-7.38%	-5.12%	8.53%
Free Cash Flow Per Share	0.63	-0.24	-0.24	-0.11	0.05
Cash Income Tax Paid	-16.57	25.97	29.04	15.93	3.75
Levered Free Cash Flow	194.24	-414.3	-105.89	-151.61	24.51
Unlevered Free Cash Flow	196.08	-358.02	-88.66	-146.88	26.12
Change in Working Capital	496.49	130.99	-110.72	-53.69	6.93

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