IST:OTKAR 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	-1,459	-4,063	2,841	2,018	1,042
Depreciation & Amortization	861.38	822.54	489.87	265.76	39.07
Other Amortization	1,165	1,164	826.02	423.7	66.08
Loss (Gain) From Sale of Assets	22.65	6.89	-4.8	-5.55	-1.43
Loss (Gain) From Sale of Investments	19.58	-43.07	-10.69	-2.12	-
Loss (Gain) on Equity Investments	34.75	45.04	4.45	-339.56	-107.45
Provision & Write-off of Bad Debts	-	-	-	66.15	34.49
Other Operating Activities	1,880	4,831	-1,436	487.22	482.35
Change in Accounts Receivable	-224.67	-3,834	-1,482	-2,105	-898.91
Change in Inventory	-1,054	-2,157	-632.09	-2,693	-97.69
Change in Accounts Payable	655.68	1,492	643.18	1,862	205.34
Change in Other Net Operating Assets	1,696	1,464	-96.15	-1,639	189.47
Operating Cash Flow	3,598	-272.52	1,143	-1,661	952.85
Capital Expenditures	-995.59	-1,704	-1,214	-584.03	-183.93
Sale of Property, Plant & Equipment	74.72	8.66	6.7	9.51	2.04
Cash Acquisitions	-	-	-6.66	-	-
Sale (Purchase) of Intangibles	-2,030	-2,778	-643.34	-1,536	-307.6
Sale (Purchase) of Real Estate	-44.53	-27.8	-20.02	-16.85	-9.19
Investment in Securities	-	-	-2.94	-16.48	-
Other Investing Activities	381.37	1,239	1,676	477.39	218.73
Investing Cash Flow	-2,614	-3,262	-205	-1,666	-279.95
Long-Term Debt Issued	29,654	32,741	48,439	17,303	2,032
Long-Term Debt Repaid	-17,294	-26,299	-36,165	-8,995	-1,780
Net Debt Issued (Repaid)	12,360	6,442	12,274	8,307	251.9
Common Dividends Paid	-	-1,183	-	-1,102	-400
Other Financing Activities	-7,569	-9,098	-3,706	-1,839	-154.2
Financing Cash Flow	4,791	-3,838	8,568	5,366	-302.31
Foreign Exchange Rate Adjustments	-629.45	470.69	-669	-331.84	-243.15
Miscellaneous Cash Flow Adjustments	-346.16	-3,971	-3,023	-707.44	-
Net Cash Flow	4,799	-10,873	5,815	999.34	127.44
Free Cash Flow	2,603	-1,977	-71.1	-2,245	768.91
Free Cash Flow Margin	5.01%	-4.48%	-0.18%	-12.60%	17.05%
Free Cash Flow Per Share	21.69	-16.47	-0.59	-18.71	6.41
Cash Interest Paid	7,569	9,098	3,849	1,740	154.2
Cash Income Tax Paid	-	39.82	293.67	20.06	0.83
Levered Free Cash Flow	-55.36	-14,908	-8,013	-9,168	-58.44
Unlevered Free Cash Flow	4,811	-9,129	-4,705	-8,356	56.01
Change in Working Capital	1,073	-3,035	-1,567	-4,575	-601.79

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