Pasifik Holding A.S. 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	2,762	4,566	288.46	2,396
Depreciation & Amortization	5.74	5.23	3.87	-
Loss (Gain) From Sale of Investments	-5,487	-7,280	-568.53	-2,985
Other Operating Activities	3,558	3,733	154.14	370.64
Change in Accounts Receivable	-2,143	-2,143	-646.04	-20.3
Change in Accounts Payable	452.19	452.19	872.48	217.34
Change in Other Net Operating Assets	-510.24	-20.49	-8.51	0.1
Operating Cash Flow	-1,362	-687.91	95.86	-21.82
Capital Expenditures	-11.97	-9.35	-25.01	-
Other Investing Activities	7.6	7.6	18.4	20.3
Investing Cash Flow	-804.37	-1.75	-6.62	20.3
Long-Term Debt Issued	-	-	86.13	-
Long-Term Debt Repaid	-	-65.83	-	-
Net Debt Issued (Repaid)	-64.56	-65.83	86.13	-
Issuance of Common Stock	2,000	2,000	-	2.89
Other Financing Activities	223.58	-16.55	-163.39	-
Financing Cash Flow	2,159	1,918	-77.26	2.89
Miscellaneous Cash Flow Adjustments	-113.97	5.57	5.36	-
Net Cash Flow	-121.19	1,234	17.34	1.37
Free Cash Flow	-1,374	-697.26	70.85	-21.82
Free Cash Flow Margin	-24.07%	-9.34%	5.16%	-0.73%
Free Cash Flow Per Share	-	-0.04	0.01	-0.18
Cash Interest Paid	329.52	329.52	279.16	-
Cash Income Tax Paid	1.87	1.87	1.87	-
Levered Free Cash Flow	910.96	2,642	375.97	-
Unlevered Free Cash Flow	1,134	2,848	550.45	-
Change in Working Capital	-2,201	-1,712	217.92	197.15

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