IST:PASEU 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
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
Net Income	158.17	206.28	340.37	104.8	16.27	2.6
Depreciation & Amortization	12.06	12.26	7.8	3.32	0.95	0.11
Loss (Gain) From Sale of Assets	0.57	-0.19	-0.23	-0.54	-	-
Asset Writedown & Restructuring Costs	-21.01	-147.88	-472.21	-	-	-
Provision & Write-off of Bad Debts	8.39	1.27	7.63	-	-	-
Other Operating Activities	79.03	61.63	120.09	-30.8	9.18	0.59
Change in Accounts Receivable	-411.23	-717.58	-229.43	-105.43	-43.93	-6.79
Change in Inventory	-41.9	-48.34	-	57.42	-18.13	-3.09
Change in Accounts Payable	73.26	357	-242.04	456.72	30.81	2.13
Change in Unearned Revenue	12.24	-0.19	-55.25	29.42	-0.68	6.59
Change in Other Net Operating Assets	-117.07	129.67	-22.23	-192.27	-4.18	0.57
Operating Cash Flow	-247.49	-146.06	-545.49	322.64	-9.7	2.72
Capital Expenditures	-28.08	-24.96	-215.56	-258.24	-2.9	-2.05
Sale of Property, Plant & Equipment	1.03	0.6	0.29	1.91	-	-
Cash Acquisitions	-10.6	-10.6	-0.23	-	-	-
Sale (Purchase) of Real Estate	-	-	-	-68.82	-	-
Investing Cash Flow	-37.66	-34.96	-215.51	-325.14	-2.9	-2.05
Long-Term Debt Issued	-	92.48	-	16.08	21.24	-
Long-Term Debt Repaid	-	-	-36.01	-	-9.94	-
Net Debt Issued (Repaid)	159.13	92.48	-36.01	16.08	11.31	-
Issuance of Common Stock	-	-	948.21	-	-	0.53
Other Financing Activities	-4.66	30.65	32.65	-1.61	-0.49	0.01
Financing Cash Flow	154.47	123.13	944.86	14.46	10.82	0.54
Net Cash Flow	-130.67	-57.9	183.87	11.96	-1.79	1.21
Free Cash Flow	-275.57	-171.02	-761.05	64.4	-12.61	0.67
Free Cash Flow Margin	-12.63%	-11.48%	-74.24%	6.30%	-4.26%	1.19%
Free Cash Flow Per Share	-	-0.26	-1.13	0.99	-0.15	0.01
Cash Interest Paid	26.54	36.98	21.85	2.15	0.52	0
Cash Income Tax Paid	1.8	6.46	57.39	34.6	0.82	0.18
Levered Free Cash Flow	-481.55	-145.1	-523.34	-177.12	-20.54	-
Unlevered Free Cash Flow	-431.08	-119.9	-508.82	-174.93	-19.97	-
Change in Working Capital	-484.69	-279.43	-548.94	245.86	-36.1	-0.58

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