IST:MIATK 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	-729.88	2,873	727.65	424.55	54.16
Depreciation & Amortization	76.19	47.84	19.36	4.51	0.73
Other Amortization	323.41	277.69	148.23	58.42	5.04
Loss (Gain) From Sale of Assets	-7.97	-	-19.3	0.94	-
Asset Writedown & Restructuring Costs	-	-	-	-	-1.68
Provision & Write-off of Bad Debts	-	-	-	-	0.09
Other Operating Activities	1,290	-1,299	302.62	247.89	1.23
Change in Accounts Receivable	575.11	-1,104	-280.7	-136.35	-34.58
Change in Inventory	41.06	19.52	-33.55	1.19	-1.86
Change in Accounts Payable	-485.77	639.4	-15.92	41.74	19.54
Change in Unearned Revenue	-	-	-	-	8.57
Change in Other Net Operating Assets	-216.59	-323.85	1.27	-52.13	6.63
Operating Cash Flow	866.04	1,131	849.65	590.76	57.87
Operating Cash Flow Growth	-23.46%	33.16%	43.82%	920.87%	109.19%
Capital Expenditures	-1,317	-669.54	-131.84	-368.7	-124.58
Sale of Property, Plant & Equipment	-	-	-	1.09	-
Sale (Purchase) of Intangibles	-	-	-754.86	-	-
Sale (Purchase) of Real Estate	-	-	-	-	5.5
Investment in Securities	-62.64	-	-	-	-
Investing Cash Flow	-1,379	-669.54	-886.7	-367.61	-119.08
Long-Term Debt Issued	175.09	542.06	183.29	183.28	89.93
Long-Term Debt Repaid	-	-92.33	-13.38	-112.72	-93.67
Net Debt Issued (Repaid)	175.09	449.73	169.91	70.56	-3.74
Issuance of Common Stock	-	-	-	-	124.67
Other Financing Activities	-	-	-	-	0.28
Financing Cash Flow	175.09	449.73	169.91	70.56	121.2
Miscellaneous Cash Flow Adjustments	-82.35	-163.3	-272.61	-187.35	-
Net Cash Flow	-420.66	748.32	-139.76	106.35	59.99
Free Cash Flow	-450.77	461.88	717.81	222.06	-66.72
Free Cash Flow Growth	-	-35.65%	223.26%	-	-
Free Cash Flow Margin	-16.35%	13.66%	35.49%	20.18%	-40.63%
Free Cash Flow Per Share	-0.91	0.94	1.45	0.45	-0.14
Levered Free Cash Flow	-1,284	-54.32	-604.26	-151.3	-87.64
Unlevered Free Cash Flow	-916.14	243.1	-552.72	-138.75	-85.17
Change in Working Capital	-86.19	-768.49	-328.91	-145.55	-1.69

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