IST:OSTIM 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	4.08	158.71	424.27	193.54	23.87
Depreciation & Amortization	39.51	35.79	32.5	10.11	2.01
Loss (Gain) From Sale of Assets	0.36	4.6	-	-	-
Asset Writedown & Restructuring Costs	52.19	-526.56	-114.16	-318.12	-7.92
Loss (Gain) From Sale of Investments	-	-	-66.62	-1.46	-0.03
Loss (Gain) on Equity Investments	-3.35	-5.75	-5.12	1.07	-
Provision & Write-off of Bad Debts	-1.2	-1.93	-	-	0
Other Operating Activities	-103.33	293.55	26.37	318.17	3.87
Change in Accounts Receivable	45.51	89.06	-37.72	-26.99	-19.15
Change in Inventory	-59.23	-69.52	-6.38	-10.35	0.06
Change in Accounts Payable	9.84	-2.86	-21.24	-18.1	8.77
Change in Unearned Revenue	4.22	-42.11	-49.48	-31.53	10.4
Change in Other Net Operating Assets	-3.85	33.32	30.16	17.66	-1.89
Operating Cash Flow	-1	15.63	212.57	133.98	19.98
Operating Cash Flow Growth	-	-92.65%	58.66%	570.41%	-46.78%
Capital Expenditures	-4.31	-58.37	-23.75	-22	-54.25
Sale of Property, Plant & Equipment	1.53	3.03	-	1.52	0.47
Sale (Purchase) of Intangibles	-0.03	-0.17	-0.26	-	-
Sale (Purchase) of Real Estate	-1.19	2.56	-	-117.06	1.43
Investment in Securities	-	-	130.28	-137.1	-
Other Investing Activities	18.34	10.81	27.52	31.63	-
Investing Cash Flow	14.35	-42.14	133.78	-243.02	-52.35
Long-Term Debt Issued	-	21.69	-	45.65	8.93
Long-Term Debt Repaid	-39.66	-	-302.47	-	-8.02
Net Debt Issued (Repaid)	-39.66	21.69	-302.47	45.65	0.91
Issuance of Common Stock	-	-	-	-	86.89
Common Dividends Paid	-	-	-	-	-0.11
Other Financing Activities	-	-	-	-	12.43
Financing Cash Flow	-39.66	21.69	-302.47	45.65	100.12
Foreign Exchange Rate Adjustments	-	-	-	-80.73	-
Miscellaneous Cash Flow Adjustments	-18.78	-37.46	-35.31	-	-
Net Cash Flow	-45.1	-42.28	8.58	-144.12	67.76
Free Cash Flow	-5.31	-42.74	188.82	111.98	-34.27
Free Cash Flow Growth	-	-	68.62%	-	-
Free Cash Flow Margin	-1.24%	-6.10%	33.26%	28.66%	-45.32%
Free Cash Flow Per Share	-0.01	-0.07	0.32	0.19	-0.06
Cash Income Tax Paid	-	-	11.57	22.69	-
Levered Free Cash Flow	-1.66	-193.81	32.74	-33.08	-47.96
Unlevered Free Cash Flow	9.69	-182.05	54.54	-25.24	-44
Change in Working Capital	10.74	57.2	-84.66	-69.32	-1.81

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