IST:PAMEL 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	FY 2020	2015 - 2019
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	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-313.96	-351.41	269.84	142.42	3.04	2.85	Upgrade
Depreciation & Amortization	38.02	36.12	33.42	15.6	2.97	1.96	Upgrade
Asset Writedown	277.36	277.36	112.52	2.07	-	-	Upgrade
Change in Accounts Receivable	0.39	-0.45	-2.02	1.09	-0.33	-0.05	Upgrade
Change in Accounts Payable	-12.26	-1.19	3.73	1.05	0.63	-0.22	Upgrade
Change in Other Net Operating Assets	11.71	-13.38	-123.61	-6.98	-1.29	-0.18	Upgrade
Other Operating Activities	42.27	61.7	-194.24	-121.45	-1.71	3.77	Upgrade
Operating Cash Flow	43.54	8.75	99.64	33.79	3.3	8.13	Upgrade
Operating Cash Flow Growth	-6.98%	-91.21%	194.90%	922.99%	-59.39%	12.71%	Upgrade
Capital Expenditures	-15.98	-96.63	-72.95	-30.62	-8.78	-0.14	Upgrade
Cash Acquisitions	-	-	-	-1.55	-	-	Upgrade
Investing Cash Flow	-15.98	-96.63	-72.95	-32.17	-8.78	-0.14	Upgrade
Long-Term Debt Issued	-	-	-	-	-	3.79	Upgrade
Long-Term Debt Repaid	-	-24.95	-13.53	-37.62	-17.66	-18.27	Upgrade
Total Debt Repaid	-20.95	-24.95	-13.53	-37.62	-17.66	-18.27	Upgrade
Net Debt Issued (Repaid)	-20.95	-24.95	-13.53	-37.62	-17.66	-14.48	Upgrade
Other Financing Activities	-16.02	37.93	90.26	52	23.4	-0	Upgrade
Financing Cash Flow	-36.97	12.98	76.72	14.38	5.73	-14.48	Upgrade
Foreign Exchange Rate Adjustments	-	-	-	-5.64	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-4.17	-10.56	-34.49	-	-	-	Upgrade
Net Cash Flow	-13.58	-85.47	68.93	10.37	0.26	-6.49	Upgrade
Free Cash Flow	27.55	-87.88	26.7	3.17	-5.47	7.99	Upgrade
Free Cash Flow Growth	-	-	741.26%	-	-	11.69%	Upgrade
Free Cash Flow Margin	35.89%	-131.86%	34.03%	6.35%	-59.39%	97.01%	Upgrade
Free Cash Flow Per Share	-	-2.83	0.86	0.10	-0.20	0.47	Upgrade
Cash Interest Paid	0.54	0.6	1.68	0.71	1.49	0.01	Upgrade
Cash Income Tax Paid	1.73	5.63	2.39	-	-	-	Upgrade
Levered Free Cash Flow	-74.66	-128.6	-159.92	130.36	0.1	9.92	Upgrade
Unlevered Free Cash Flow	73.53	-25.63	-65.01	139.61	2.76	10.06	Upgrade
Change in Working Capital	-0.16	-15.02	-121.9	-4.85	-0.99	-0.45	Upgrade

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