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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	206.77	234.03	298.68	786.51	413.37	82.82
Depreciation & Amortization	726.21	706.84	618.25	367.92	273.28	272.49
Loss (Gain) From Sale of Assets	-5.18	-4.08	-0.91	-274.61	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-11.41	-2.78
Loss (Gain) From Sale of Investments	-152.38	-152.38	-	-	-	-
Provision & Write-off of Bad Debts	-1.78	-1.8	-4.8	-2.27	1.52	-1.43
Other Operating Activities	-211.78	-117.19	161.94	-940.87	-59.54	213.08
Change in Accounts Receivable	105.03	29.09	-30.75	62.75	-51.47	-63.88
Change in Inventory	-118.06	-35.17	-257.89	192.89	-96.17	128.18
Change in Accounts Payable	247.75	-1.49	-16.32	-15.06	356.4	-179.49
Change in Unearned Revenue	-3.44	-0.9	-68.67	37.91	-19.07	-21.15
Change in Other Net Operating Assets	446.32	-967.08	-8.23	65.61	-161.65	29.83
Operating Cash Flow	1,239	-310.11	691.31	280.78	645.26	457.67
Operating Cash Flow Growth	-	-	146.21%	-56.48%	40.99%	-
Capital Expenditures	-511.77	-495.94	-284.83	-355.31	-102.52	-100.01
Sale of Property, Plant & Equipment	5.93	4.71	13.66	686.87	3.75	4.78
Investing Cash Flow	-505.84	-491.23	-271.17	331.56	-98.78	-95.23
Long-Term Debt Issued	-	-	233.47	-	7.26	-
Long-Term Debt Repaid	-	-768.16	-462.18	-599.29	-300.32	-231.66
Net Debt Issued (Repaid)	-543.61	-768.16	-228.71	-599.29	-293.05	-231.66
Issuance of Common Stock	-	1,629	-	-	-	-
Common Dividends Paid	-	-	-	-195.05	-33.79	-
Other Financing Activities	-240.95	-266.74	-331.34	-135.42	-114.65	-132.25
Financing Cash Flow	-1,041	593.67	-560.05	-929.76	-441.49	-363.91
Foreign Exchange Rate Adjustments	-	-	-	-	211.85	305.85
Miscellaneous Cash Flow Adjustments	214.89	214.39	195.67	272.71	-	-
Net Cash Flow	-92.21	6.71	55.76	-44.7	316.84	304.39
Free Cash Flow	727.7	-806.05	406.48	-74.52	542.73	357.67
Free Cash Flow Growth	-	-	-	-	51.74%	-
Free Cash Flow Margin	3.94%	-4.46%	2.33%	-0.62%	6.06%	4.62%
Free Cash Flow Per Share	-	-3.06	2.07	-0.38	2.94	1.94
Cash Interest Paid	266.74	266.74	331.34	135.42	114.65	132.25
Cash Income Tax Paid	93.51	93.51	122.44	156.74	38.05	0.63
Levered Free Cash Flow	104.35	-155.43	-342.08	185.83	42.32	-
Unlevered Free Cash Flow	971.71	714.53	555.22	651.84	209.79	-
Change in Working Capital	677.61	-975.54	-381.86	344.1	28.03	-106.51

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