IST:ORCAY Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-94.22	-102.49	-45.11	-7.32	2.54	2.02
Depreciation & Amortization	15.23	18.76	14.39	8.19	2.61	0.95
Other Amortization	-	-	-	-	0.01	-
Loss (Gain) From Sale of Assets	0.57	-1.99	-25.89	-4.88	-0.4	-0.43
Asset Writedown & Restructuring Costs	-	-	-	-	-1.09	0.54
Provision & Write-off of Bad Debts	8.97	7.01	-2.96	-8.45	2.12	-
Other Operating Activities	153.65	116.82	73.26	57.08	6.19	6.53
Change in Accounts Receivable	-192.5	-35.03	221.42	112.61	-105.83	-16.86
Change in Inventory	197.06	41.99	112.94	-207.98	-27.19	1.47
Change in Accounts Payable	4.69	15.2	-3.54	-346.98	119.74	-2.43
Change in Unearned Revenue	-28.38	111.32	7.53	2.48	0.35	-1.21
Change in Other Net Operating Assets	-22.02	64.86	-164.14	15.78	-12.37	15.28
Operating Cash Flow	43.06	236.47	187.88	-379.46	-13.31	5.86
Operating Cash Flow Growth	-83.83%	25.86%	-	-	-	-
Capital Expenditures	7.66	-55.17	-85.81	-11.18	-0.99	-5.51
Sale of Property, Plant & Equipment	-1	3.27	103.29	6.58	0.65	1.34
Sale (Purchase) of Intangibles	-	-	-	-	-0.01	-
Sale (Purchase) of Real Estate	-	-	-	34.23	-12.71	-
Other Investing Activities	-	-	-	-	2.45	-
Investing Cash Flow	6.67	-51.9	17.48	29.63	-10.62	-4.17
Long-Term Debt Issued	-	-	-	309.32	34.8	52.29
Short-Term Debt Repaid	-	-	-	-	-0.18	-
Long-Term Debt Repaid	-	-22.14	-116.55	-	-62.54	-28.26
Total Debt Repaid	70.95	-22.14	-116.55	-	-62.72	-28.26
Net Debt Issued (Repaid)	115.06	-22.14	-116.55	309.32	-27.92	24.03
Issuance of Common Stock	-	-	-	-	77	-
Other Financing Activities	-144.54	-146.46	-112.9	-34.82	-6.34	-5.39
Financing Cash Flow	-29.47	-168.6	-229.45	274.5	42.74	18.64
Net Cash Flow	20.26	15.97	-24.09	-75.34	18.81	20.34
Free Cash Flow	50.73	181.3	102.07	-390.65	-14.31	0.36
Free Cash Flow Growth	-72.94%	77.63%	-	-	-	-
Free Cash Flow Margin	9.16%	40.96%	12.91%	-58.38%	-8.74%	0.63%
Free Cash Flow Per Share	0.63	2.27	1.28	-4.88	-0.18	0.01
Cash Interest Paid	166.29	170.08	116.23	34.82	6.34	5.39
Cash Income Tax Paid	-	1.88	37.86	20.42	0.42	0.08
Levered Free Cash Flow	-160.17	123.22	-147.65	-506.25	-20.38	-
Unlevered Free Cash Flow	-38.39	237.26	-70.62	-477.78	-12.97	-
Change in Working Capital	-41.14	198.35	174.2	-424.08	-25.3	-3.75

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.