IST:METRO 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	-560.41	-1,421	-2,945	1,024	318.99
Depreciation & Amortization	0.76	2.56	1.94	0.4	0.21
Loss (Gain) From Sale of Assets	2.07	-	-5.59	-	-2.04
Loss (Gain) From Sale of Investments	684.65	1,407	2,991	-1,169	-333.8
Other Operating Activities	-82.99	-17.71	-30.05	130.6	15.39
Change in Accounts Receivable	-0.21	2.96	-2.19	0.34	-0.05
Change in Accounts Payable	-0.85	0.72	-1.27	0.49	0.45
Change in Other Net Operating Assets	-9.94	20	20.46	-5.2	-269
Operating Cash Flow	33.07	-5.52	28.86	-18.8	-269.84
Capital Expenditures	-0.04	-0.47	-0.08	-6.28	-0.03
Sale of Property, Plant & Equipment	4.19	-	5.59	-	1.58
Sale (Purchase) of Real Estate	-	-	-	-	5.68
Investment in Securities	-36.73	5.69	-34.21	-3.29	45.33
Investing Cash Flow	-32.58	5.22	-28.7	-9.57	52.57
Long-Term Debt Repaid	-	-	-	-	-0.2
Total Debt Repaid	-	-	-	-	-0.2
Net Debt Issued (Repaid)	-	-	-	-	-0.2
Issuance of Common Stock	-	-	-	-	241.01
Repurchase of Common Stock	-	-	-	-	-16.18
Financing Cash Flow	-	-	-	-	224.63
Miscellaneous Cash Flow Adjustments	-0.53	0.09	-0.09	-18.48	-
Net Cash Flow	-0.05	-0.21	0.07	-46.86	7.36
Free Cash Flow	33.02	-5.99	28.79	-25.08	-269.87
Free Cash Flow Margin	17.26%	-11.67%	179.25%	-45.91%	-595.07%
Free Cash Flow Per Share	0.06	-0.01	0.05	-0.05	-0.90
Cash Interest Paid	2.76	8.69	5.5	0.29	0.58
Cash Income Tax Paid	0.21	-1.52	-	-	0.06
Levered Free Cash Flow	18.56	3.26	8.36	-29.55	-246.56
Unlevered Free Cash Flow	20.29	8.69	11.79	-29.37	-246.08
Change in Working Capital	-11.01	23.68	17	-4.37	-268.6

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