IST:NIBAS 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	-399.64	-25.08	51.47	-15.97	29.56
Depreciation & Amortization	6.55	6.28	3.04	3.32	1.15
Loss (Gain) From Sale of Assets	145.42	3.66	11.94	-2.33	0.08
Asset Writedown & Restructuring Costs	337.84	10.25	-125.79	28.88	-37.27
Loss (Gain) on Equity Investments	1.26	0.01	0.61	-0.51	-0.06
Other Operating Activities	-77.38	-3.7	43.08	-13.5	-1.21
Change in Accounts Receivable	10.61	-6.43	13.43	-10.51	2.39
Change in Inventory	1.75	-4.41	2.14	5.28	0.73
Change in Accounts Payable	-0.42	1.02	-14.61	8.78	-1.1
Change in Other Net Operating Assets	-124.55	13.83	2.17	-33.21	6.99
Operating Cash Flow	-98.56	-4.57	-12.53	-29.75	1.26
Operating Cash Flow Growth	-	-	-	-	-53.60%
Capital Expenditures	-36.98	-4.49	-15.7	-9.28	-1.88
Sale of Property, Plant & Equipment	119.6	0.3	22.91	36.94	0.07
Cash Acquisitions	-3.58	-21.76	-	-	-
Investment in Securities	46.88	7.05	-	-	-
Investing Cash Flow	125.92	-18.9	7.21	27.66	-1.81
Long-Term Debt Issued	-	-	14.51	-	-
Total Debt Issued	-	-	14.51	-	-
Long-Term Debt Repaid	-12.84	-6.15	-	-	-
Total Debt Repaid	-12.84	-6.15	-	-	-
Net Debt Issued (Repaid)	-12.84	-6.15	14.51	-	-
Financing Cash Flow	-12.84	-6.15	14.51	-	-
Miscellaneous Cash Flow Adjustments	0.34	7.3	2.11	-	-
Net Cash Flow	14.86	-22.31	11.29	-2.09	-0.55
Free Cash Flow	-135.54	-9.06	-28.24	-39.03	-0.62
Free Cash Flow Margin	-129.17%	-10.21%	-34.69%	-26.88%	-1.38%
Free Cash Flow Per Share	-0.42	-0.03	-0.09	-0.12	-0.00
Levered Free Cash Flow	-148.13	-8.64	-16.28	-19.83	7.45
Unlevered Free Cash Flow	-141.7	-3.31	-13.55	-19.46	7.59
Change in Working Capital	-112.61	4	3.13	-29.66	9

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