IST:OBAMS 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	-2,047	401.8	1,846	-2,102	126.6
Depreciation & Amortization	508.37	473.58	323.76	196.64	31.24
Loss (Gain) From Sale of Assets	-60.72	-	-16.54	-1.83	-
Asset Writedown & Restructuring Costs	-	443.03	-	-	-
Provision & Write-off of Bad Debts	-12.08	-45.25	-12.32	20.26	16.62
Other Operating Activities	690.32	-625.7	-472.6	2,431	338.08
Change in Accounts Receivable	189.26	29.24	261.09	-1,106	-210.14
Change in Inventory	1,335	717.63	127.18	-431.55	-118.58
Change in Accounts Payable	-69.79	-716.05	-107.43	965.01	-33.78
Change in Unearned Revenue	-594.92	-1,387	1,360	-64.68	137.71
Change in Other Net Operating Assets	810.02	-246.97	111.18	-1,017	-40.06
Operating Cash Flow	749.04	-955.49	3,421	-1,110	247.69
Operating Cash Flow Growth	-	-	-	-	1893.07%
Capital Expenditures	-541.48	-267.76	-761.21	-755.79	-163.61
Sale of Property, Plant & Equipment	831.61	-	56.54	4.07	-
Sale (Purchase) of Intangibles	-	-	-	-	-0.01
Sale (Purchase) of Real Estate	-	-	-51.58	-	-
Investing Cash Flow	290.13	-267.76	-756.24	-751.73	-163.61
Long-Term Debt Issued	-	1,788	5,993	15,701	3,685
Long-Term Debt Repaid	-302.97	-1,652	-8,752	-13,450	-3,755
Net Debt Issued (Repaid)	-302.97	135.75	-2,758	2,251	-69.94
Issuance of Common Stock	635.06	4,754	-	-	-
Repurchase of Common Stock	-	-466.76	-	-	-
Common Dividends Paid	-135.3	-401.22	-147.54	-149.36	-
Other Financing Activities	18.76	17.09	346.2	-185.45	-18.25
Financing Cash Flow	215.55	4,038	-2,560	1,916	-88.19
Miscellaneous Cash Flow Adjustments	-924.98	-432.37	105.54	-	-
Net Cash Flow	329.73	2,383	210.98	54.14	-4.11
Free Cash Flow	207.55	-1,223	2,660	-1,866	84.08
Free Cash Flow Margin	0.91%	-5.39%	7.86%	-8.94%	1.61%
Free Cash Flow Per Share	0.07	-0.42	1.09	-0.76	-
Cash Interest Paid	0.16	148.6	357.98	185.45	18.25
Cash Income Tax Paid	70.87	162.08	113.29	0.63	0.08
Levered Free Cash Flow	1,077	-63.72	864.32	-3,581	-131.68
Unlevered Free Cash Flow	1,079	29.16	1,088	-3,271	-120.27
Change in Working Capital	1,670	-1,603	1,752	-1,654	-264.85

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