IST:PCILT Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	467.06	247.61	447.41	74.79	31.56
Depreciation & Amortization	39.81	28.26	34.35	22.68	2.07
Loss (Gain) From Sale of Assets	-2.56	-2.81	-	-	-
Asset Writedown & Restructuring Costs	-4.71	-12.64	-168.17	-28.19	-19.14
Loss (Gain) From Sale of Investments	-	-	-	-	4.46
Provision & Write-off of Bad Debts	-0.22	-2.67	-9.19	-15.76	9.79
Other Operating Activities	195.13	172.95	188.56	20.52	1.67
Change in Accounts Receivable	-1,094	-485.13	-941.94	-411.67	-165.82
Change in Accounts Payable	1,094	-34.32	1,155	-225.04	85.82
Change in Unearned Revenue	-228.38	29.13	181.63	68.42	10.81
Change in Other Net Operating Assets	76.74	17.39	-59.8	345.64	17.73
Operating Cash Flow	542.32	-42.23	827.71	-148.6	-21.07
Capital Expenditures	-12.71	-28.61	-31.65	-22.16	-0.75
Sale of Property, Plant & Equipment	15.89	6.36	-	0.03	-
Cash Acquisitions	-	-52.79	-	-	-
Sale (Purchase) of Real Estate	-	-7.7	-12.3	-	-
Investing Cash Flow	3.18	-82.73	-43.95	-22.12	-0.75
Short-Term Debt Issued	-	-	-	24.13	-
Long-Term Debt Issued	-	-	-	-	52.93
Total Debt Issued	-	-	-	24.13	52.93
Short-Term Debt Repaid	-7.74	-10.15	-25.23	-	-
Long-Term Debt Repaid	-8.09	-8.6	-11.87	-5.38	-107.86
Total Debt Repaid	-15.84	-18.75	-37.1	-5.38	-107.86
Net Debt Issued (Repaid)	-15.84	-18.75	-37.1	18.75	-54.93
Issuance of Common Stock	-	-	-	-	94.53
Repurchase of Common Stock	-100.47	-42.47	-	-	-
Common Dividends Paid	-98.56	-101.03	-72.55	-3.55	-15.6
Other Financing Activities	-5.79	-14.07	77.81	-59.76	84.77
Financing Cash Flow	-220.65	-176.31	-31.84	-44.56	108.76
Foreign Exchange Rate Adjustments	-88.45	-197.35	-252.43	-	-
Net Cash Flow	236.39	-498.62	499.48	-215.29	86.95
Free Cash Flow	529.6	-70.84	796.05	-170.76	-21.81
Free Cash Flow Margin	4.87%	-1.23%	10.79%	-4.44%	-2.61%
Free Cash Flow Per Share	-	-0.60	6.73	-1.44	-2.14
Cash Interest Paid	-	-	-	-	1.06
Cash Income Tax Paid	-	23.89	-25.44	-20.58	-
Levered Free Cash Flow	312.15	-333.49	574.55	102.73	29.85
Unlevered Free Cash Flow	315.3	-327.34	592.91	127.59	34.38
Change in Working Capital	-152.19	-472.93	334.76	-222.64	-51.47

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.