IST:OZSUB 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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-129.93	-113.39	-10.84	52.93	8.4
Depreciation & Amortization	60.67	56.25	46.56	22.72	3.27
Other Amortization	0.4	0.4	0.35	-	0.04
Loss (Gain) From Sale of Assets	-0.1	-1.24	-1.14	-3.56	-
Asset Writedown & Restructuring Costs	130.97	41.85	-5.69	-38.82	10.23
Loss (Gain) on Equity Investments	-30.3	-106.03	-43.29	1.7	-
Provision & Write-off of Bad Debts	0.12	-	-0.03	1.32	0.13
Other Operating Activities	162.13	47.66	6.88	70.74	22.35
Change in Accounts Receivable	327.75	167.09	-229.56	-	-11.56
Change in Inventory	25.9	9.12	-7.06	-3.22	-2.64
Change in Accounts Payable	-530.06	-681.19	520.4	37.68	112.92
Change in Unearned Revenue	0.74	-0.11	-0.09	-0.85	-
Change in Income Taxes	2.94	-9.73	-0.34	3.18	0.06
Change in Other Net Operating Assets	385.94	284.49	-344.16	5.32	-113.27
Operating Cash Flow	407.18	-304.83	-68.02	149.12	29.91
Operating Cash Flow Growth	-	-	-	398.54%	-
Capital Expenditures	-47.41	-51.71	-81.84	-49.22	-5.27
Sale (Purchase) of Intangibles	-50.12	-50.37	-1.47	-0.25	-0.11
Investment in Securities	39.19	39.25	39.58	-71.98	-
Other Investing Activities	-0.61	-0.61	-	-	-0.09
Investing Cash Flow	-58.95	-63.44	-43.73	-121.46	-5.46
Short-Term Debt Issued	-	-	-	-	11.86
Long-Term Debt Issued	-	540.58	120.52	-	-
Total Debt Issued	30.26	540.58	120.52	-	11.86
Long-Term Debt Repaid	-	-0.36	-0.32	-119.87	-20.17
Net Debt Issued (Repaid)	-15.06	540.22	120.21	-119.87	-8.31
Issuance of Common Stock	-	-	-	266.69	-
Common Dividends Paid	-1.79	-1.79	-	-	-
Other Financing Activities	-277.79	-154.8	-136.78	-57.39	-14.34
Financing Cash Flow	-294.65	383.62	-16.58	89.42	-22.65
Miscellaneous Cash Flow Adjustments	-8.89	-3.93	-23.31	-22.65	-
Net Cash Flow	44.7	11.43	-151.64	94.44	1.8
Free Cash Flow	359.77	-356.54	-149.86	99.9	24.65
Free Cash Flow Growth	-	-	-	305.34%	-
Free Cash Flow Margin	15.50%	-13.85%	-6.85%	6.72%	5.63%
Free Cash Flow Per Share	3.54	-2.97	-1.25	1.11	0.62
Cash Interest Paid	278.44	156.67	104.78	60.8	14.34
Cash Income Tax Paid	-	-	28.88	-0.74	-
Levered Free Cash Flow	128.07	-315.9	-190.27	-237.62	-
Unlevered Free Cash Flow	302.14	-217.94	-124.74	-199.54	-
Change in Working Capital	213.22	-230.33	-60.82	42.11	-14.5

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