IST:OFSYM 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	385.87	356.58	193.62	315.86	85.53
Depreciation & Amortization	165.44	67.44	52.44	31.83	3.66
Loss (Gain) From Sale of Assets	2.34	-8.85	-11.08	-	-
Asset Writedown & Restructuring Costs	12.4	23.2	-36.81	8.37	31.45
Loss (Gain) From Sale of Investments	-	-	-	-	-1.66
Provision & Write-off of Bad Debts	-	-	-	-	1.25
Other Operating Activities	460.46	901.35	989.43	491.32	82.32
Change in Accounts Receivable	40.95	334.92	-309.61	-303.95	-291.17
Change in Inventory	250.1	-153.54	194.97	154.25	-80.48
Change in Accounts Payable	-697.07	-56.68	43.38	-190.63	214.29
Change in Unearned Revenue	5.39	-221.91	162.96	68.72	-4.74
Change in Other Net Operating Assets	-1,817	171.34	417.48	-413.01	-10.88
Operating Cash Flow	-1,191	1,414	1,697	162.77	29.55
Operating Cash Flow Growth	-	-16.67%	942.46%	450.75%	-
Capital Expenditures	-653.44	-520.08	-585.88	-265.8	-63.45
Sale of Property, Plant & Equipment	48.71	81.87	8.09	16.74	4.27
Cash Acquisitions	-266.11	-	-	-	-
Sale (Purchase) of Real Estate	-	-18.34	-	69.46	-
Other Investing Activities	202.47	-	-	-	-
Investing Cash Flow	-668.36	-456.54	-577.79	-179.59	-59.18
Long-Term Debt Issued	2,882	-	-	949.14	173.93
Long-Term Debt Repaid	-	-304.78	-1,620	-	-
Net Debt Issued (Repaid)	2,882	-304.78	-1,620	949.14	173.93
Issuance of Common Stock	-	-	693.51	-	-
Repurchase of Common Stock	-69.81	-	-	-	-
Common Dividends Paid	-	-	-	-84.11	-14.36
Other Financing Activities	-840.37	-637.56	-552.99	-380.33	-65.74
Financing Cash Flow	1,972	-942.34	-1,480	484.71	93.83
Foreign Exchange Rate Adjustments	-	-	-	-129.15	-
Miscellaneous Cash Flow Adjustments	-29.38	-35.57	-308.5	-	-
Net Cash Flow	82.89	-20.6	-669.06	338.73	64.21
Free Cash Flow	-1,845	893.78	1,111	-103.03	-33.9
Free Cash Flow Growth	-	-19.55%	-	-	-
Free Cash Flow Margin	-9.99%	5.63%	6.72%	-0.70%	-1.07%
Free Cash Flow Per Share	-	6.11	7.60	-0.79	-0.26
Cash Interest Paid	-	932.8	565.38	461.55	76.68
Levered Free Cash Flow	-3,152	-38.39	-726.16	-1,335	-172.81
Unlevered Free Cash Flow	-2,482	544.61	-288.09	-1,030	-112.43
Change in Working Capital	-2,218	74.14	509.18	-684.61	-172.99

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