IST:MERKO Cash Flow Statement

Financials in millions TRY. Fiscal year is July - June.

Millions TRY. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	378.37	115.83	-433.48	1.9	5.77
Depreciation & Amortization	56.45	51.5	24.56	5.85	5.05
Loss (Gain) From Sale of Assets	-	-82.61	280.28	-	-
Asset Writedown & Restructuring Costs	-	-175.68	-	3.92	-7.09
Loss (Gain) on Equity Investments	257.01	-	0.65	-5.86	-1.22
Provision & Write-off of Bad Debts	6.49	0.16	7.91	0.02	0.26
Other Operating Activities	-1,032	309.14	614.46	7.3	2.51
Change in Accounts Receivable	32.93	114.64	-162.72	0.86	6.77
Change in Inventory	486.63	44.82	-440.56	5.38	-16.02
Change in Accounts Payable	-14.78	-221.45	209.59	0.71	-11.83
Change in Unearned Revenue	-143.5	-58.86	114.05	24.15	-0.02
Change in Other Net Operating Assets	78.28	177.68	-246.95	-25.94	-22.05
Operating Cash Flow	106.27	275.18	-32.21	18.29	-37.9
Operating Cash Flow Growth	-61.38%	-	-	-	-
Capital Expenditures	-40.39	-26.39	-260.4	-14.06	-3.31
Sale of Property, Plant & Equipment	-	29.82	1.55	-	0.02
Sale (Purchase) of Intangibles	-	-	-	-	-0
Sale (Purchase) of Real Estate	-	-	-	-4.2	-
Investment in Securities	-	-	-68.79	-23.59	-
Other Investing Activities	-1.43	-393.83	-29.92	-	-69.77
Investing Cash Flow	-41.82	-390.4	-357.56	-41.85	-73.06
Short-Term Debt Issued	-	-	-	25.61	5.08
Long-Term Debt Issued	183.05	374.59	361.68	-	-
Total Debt Issued	183.05	374.59	361.68	25.61	5.08
Short-Term Debt Repaid	-	-	-	-	-10.27
Long-Term Debt Repaid	-168.17	-277.54	-	-	-
Total Debt Repaid	-168.17	-277.54	-	-	-10.27
Net Debt Issued (Repaid)	14.88	97.05	361.68	25.61	-5.19
Issuance of Common Stock	-	164.35	60	-	123.48
Other Financing Activities	-98.23	-144.65	-8.56	-5.67	1.11
Financing Cash Flow	-83.35	116.76	413.11	19.94	119.41
Foreign Exchange Rate Adjustments	-12.89	-	-	-	-
Net Cash Flow	-31.8	1.54	23.35	-3.63	8.44
Free Cash Flow	65.87	248.79	-292.61	4.22	-41.21
Free Cash Flow Growth	-73.52%	-	-	-	-
Free Cash Flow Margin	4.58%	17.82%	-17.49%	3.67%	-67.83%
Free Cash Flow Per Share	0.65	2.67	-3.40	0.06	-0.66
Cash Interest Paid	102.7	156.18	23.34	5.95	1.17
Levered Free Cash Flow	325.8	23.19	-556.27	13.14	-41.32
Unlevered Free Cash Flow	389.99	120.81	-542.96	16.85	-40.29
Change in Working Capital	439.56	56.84	-526.59	5.16	-43.16

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.