IST:OZATD Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-392.61	-127.23	294.97	744.29
Depreciation & Amortization	303.63	293.86	250.46	371.32
Other Operating Activities	-517.81	-577.29	-467.58	-882.06
Change in Accounts Receivable	-435.83	-417.91	-66.61	26.89
Change in Inventory	-27.43	-21.45	5.62	5.97
Change in Accounts Payable	41.01	-11.86	-382.03	-19.71
Change in Unearned Revenue	131.89	204.36	-25.08	-89.93
Change in Other Net Operating Assets	625.12	1,086	-1,193	99.56
Operating Cash Flow	-272.02	428.23	-1,583	256.33
Capital Expenditures	-974.27	-1,019	-473.33	-490.73
Sale of Property, Plant & Equipment	818.27	4.37	-	-
Investing Cash Flow	-156	-1,014	-473.33	-490.73
Long-Term Debt Issued	-	1,048	2,517	256.79
Long-Term Debt Repaid	-	-642.44	-1,924	-80.85
Net Debt Issued (Repaid)	550.62	405.53	593.28	175.94
Issuance of Common Stock	-	-	1,627	30.32
Other Financing Activities	74.92	118.83	-187.62	-1.08
Financing Cash Flow	625.54	524.37	2,033	205.17
Net Cash Flow	188.54	-61.7	-23.38	-29.23
Free Cash Flow	-1,246	-590.44	-2,056	-234.4
Free Cash Flow Margin	-46.79%	-24.03%	-89.54%	-8.09%
Free Cash Flow Per Share	-17.47	-8.28	-32.58	-3906.63
Cash Interest Paid	98.25	106.56	375.21	-
Cash Income Tax Paid	366.98	409.19	216.63	13.17
Levered Free Cash Flow	-1,150	-1,033	-677.01	-
Unlevered Free Cash Flow	-1,079	-957.72	-428.78	-
Change in Working Capital	334.76	838.89	-1,661	22.77