IST:PENTA 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	112.2	339.82	195.74	103.68	-19.18
Depreciation & Amortization	144.14	70.03	30.91	10.83	7.5
Other Amortization	-	-	-	-	10.35
Loss (Gain) From Sale of Assets	0.01	-	-	0.01	0.03
Provision & Write-off of Bad Debts	80.26	8.49	0.5	1.78	2.43
Other Operating Activities	527.51	203.42	225.68	127.81	122.74
Change in Accounts Receivable	-1,298	110.02	-1,038	-447.12	156.5
Change in Inventory	-648.92	-35.04	-345.11	222.61	-169.07
Change in Accounts Payable	1,944	47.97	708.79	593.47	-67.99
Change in Other Net Operating Assets	-247.51	67.02	5.28	-3.37	-5.87
Operating Cash Flow	614.07	811.73	-215.73	609.7	37.44
Operating Cash Flow Growth	-24.35%	-	-	1528.38%	-83.23%
Capital Expenditures	-71.77	-60.46	-21.79	-3.94	-6.6
Sale (Purchase) of Intangibles	-15.79	-18.59	-1.47	-1.4	-1.28
Other Investing Activities	29.9	54.53	97.75	10.94	1.89
Investing Cash Flow	-57.66	-24.52	74.48	5.61	-5.99
Short-Term Debt Issued	-	-	102.73	-	-
Long-Term Debt Issued	311.51	-	-	-	-
Total Debt Issued	311.51	-	102.73	-	-
Short-Term Debt Repaid	-	-	-	-110.71	-
Long-Term Debt Repaid	-77.82	-43.48	-23.43	-10.03	-11.71
Total Debt Repaid	-77.82	-43.48	-23.43	-120.73	-11.71
Net Debt Issued (Repaid)	233.69	-43.48	79.3	-120.73	-11.71
Issuance of Common Stock	-	-	-	-	384
Other Financing Activities	-996.86	-757.1	-330.26	-60.03	-497.17
Financing Cash Flow	-763.17	-800.59	-250.96	-180.77	-124.88
Foreign Exchange Rate Adjustments	112.3	101.71	272.19	103.3	82.34
Net Cash Flow	-94.47	88.34	-120.02	537.83	-11.08
Free Cash Flow	542.3	751.27	-237.52	605.76	30.84
Free Cash Flow Growth	-27.82%	-	-	1864.04%	-85.97%
Free Cash Flow Margin	1.68%	3.14%	-1.31%	6.19%	0.55%
Free Cash Flow Per Share	1.38	1.91	-0.60	1.54	0.09
Cash Interest Paid	643.34	425.87	226.57	60.03	87.26
Cash Income Tax Paid	214.79	186.29	252.41	158.23	78.02
Levered Free Cash Flow	-516.95	-19.88	-921.46	236.31	-208.66
Unlevered Free Cash Flow	-286.04	141.67	-846.39	280.98	-181.05
Change in Working Capital	-250.06	189.98	-668.56	365.59	-86.43

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