IST:MOPAS 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
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
Net Income	317.37	228.19	786.51	413.37	82.82
Depreciation & Amortization	540.04	472.33	367.92	273.28	272.49
Loss (Gain) From Sale of Assets	-2.09	-0.69	-274.61	-	-
Asset Writedown & Restructuring Costs	-	-	-	-11.41	-2.78
Provision & Write-off of Bad Debts	-2.74	-3.67	-2.27	1.52	-1.43
Other Operating Activities	-23.64	75.33	-940.87	-59.54	213.08
Change in Accounts Receivable	119.82	-23.49	62.75	-51.47	-63.88
Change in Inventory	91.83	-197.03	192.89	-96.17	128.18
Change in Accounts Payable	-198.13	-12.47	-15.06	356.4	-179.49
Change in Unearned Revenue	12.72	-52.46	37.91	-19.07	-21.15
Change in Other Net Operating Assets	-1,173	-6.29	65.61	-161.65	29.83
Operating Cash Flow	-317.55	479.76	280.78	645.26	457.67
Operating Cash Flow Growth	-	70.86%	-56.48%	40.99%	-
Capital Expenditures	-284.84	-217.61	-355.31	-102.52	-100.01
Sale of Property, Plant & Equipment	2.18	10.43	686.87	3.75	4.78
Investing Cash Flow	-303.1	-207.17	331.56	-98.78	-95.23
Long-Term Debt Issued	-	178.37	-	7.26	-
Long-Term Debt Repaid	-	-353.1	-599.29	-300.32	-231.66
Net Debt Issued (Repaid)	-748.84	-174.73	-599.29	-293.05	-231.66
Common Dividends Paid	-	-	-195.05	-33.79	-
Other Financing Activities	-235.51	-253.14	-135.42	-114.65	-132.25
Financing Cash Flow	575.71	-427.87	-929.76	-441.49	-363.91
Foreign Exchange Rate Adjustments	-	-	-	211.85	305.85
Miscellaneous Cash Flow Adjustments	181.03	200.22	272.71	-	-
Net Cash Flow	136.1	44.94	-44.7	316.84	304.39
Free Cash Flow	-602.38	262.16	-74.52	542.73	357.67
Free Cash Flow Growth	-	-	-	51.74%	-
Free Cash Flow Margin	-4.33%	1.97%	-0.62%	6.06%	4.62%
Free Cash Flow Per Share	-2.23	1.34	-0.38	2.94	1.94
Cash Interest Paid	235.51	253.14	135.42	114.65	132.25
Cash Income Tax Paid	80.53	93.54	156.74	38.05	0.63
Levered Free Cash Flow	-239.44	-240.41	185.83	42.32	-
Unlevered Free Cash Flow	292.93	445.11	651.84	209.79	-
Change in Working Capital	-1,146	-291.74	344.1	28.03	-106.51

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