IST:MPARK 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	6,185	5,210	6,540	4,742	290.42
Depreciation & Amortization	4,590	2,711	2,227	1,262	335.74
Loss (Gain) From Sale of Assets	-1,333	-1,839	5.05	195.39	-8.84
Provision & Write-off of Bad Debts	53.41	-9.09	22.42	5.55	109.35
Other Operating Activities	2,407	936.88	-2,916	-3,465	669.71
Change in Accounts Receivable	-3,862	-2,915	-3,014	-593.92	-307.56
Change in Inventory	203.6	550.68	140.33	-296.81	-171.79
Change in Accounts Payable	4,260	1,961	2,676	1,403	572.04
Change in Other Net Operating Assets	-1,218	1,036	1,091	374.24	163.69
Operating Cash Flow	11,287	7,643	6,772	3,626	1,653
Operating Cash Flow Growth	47.69%	12.86%	86.74%	119.42%	83.79%
Capital Expenditures	-7,376	-3,408	-1,837	-992.36	-458.4
Sale of Property, Plant & Equipment	0.61	3.68	9.89	700.6	11.87
Cash Acquisitions	-2,525	-	-538.8	-117.57	-
Divestitures	-	-	-	-237.55	-
Sale (Purchase) of Intangibles	-488.58	-105.77	-143.55	-803.17	-34.81
Other Investing Activities	-875.63	-29.85	-120.71	-745.6	-41.28
Investing Cash Flow	-11,265	-3,540	-2,630	-2,196	-522.61
Long-Term Debt Issued	14,713	1,787	5,299	1,106	470
Long-Term Debt Repaid	-7,316	-3,606	-3,898	-1,902	-927.34
Net Debt Issued (Repaid)	7,397	-1,819	1,401	-795.75	-457.34
Repurchase of Common Stock	-	-660.84	-1,841	-650.34	-
Common Dividends Paid	-243.57	-196.19	-64.91	-51.3	-8.57
Other Financing Activities	-1,863	-1,511	-753.22	-246.57	-358.98
Financing Cash Flow	5,291	-4,187	-1,258	-1,744	-824.9
Miscellaneous Cash Flow Adjustments	-842.63	-1,248	-645.44	-266.14	-
Net Cash Flow	4,471	-1,333	2,238	-579.26	305.24
Free Cash Flow	3,912	4,234	4,935	2,634	1,194
Free Cash Flow Growth	-7.63%	-14.20%	87.35%	120.55%	58.98%
Free Cash Flow Margin	7.10%	10.67%	15.23%	13.94%	20.61%
Free Cash Flow Per Share	-	20.78	24.22	12.66	5.74
Cash Interest Paid	-	2,195	1,105	403.01	395.8
Cash Income Tax Paid	-	816.45	519.29	46.24	64.37
Levered Free Cash Flow	290.05	2,160	3,344	402.22	480.13
Unlevered Free Cash Flow	3,177	3,992	4,304	1,131	830.94
Change in Working Capital	-615.92	632.62	893.67	886.86	256.38

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