IST:PSDTC 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	54.58	34.96	25.1	16.38	18.13
Depreciation & Amortization	2.23	1.54	1.1	0.77	0.05
Loss (Gain) From Sale of Assets	0	-0.02	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-0.27
Other Operating Activities	-84.42	-13.53	39.35	37.67	-6.96
Change in Accounts Receivable	-735.28	1,736	1,595	690.35	-746.76
Change in Inventory	-0.01	-0.03	0	0.02	-0
Change in Accounts Payable	531.13	-1,750	-1,802	-849.33	864.12
Change in Unearned Revenue	-106.52	-62.08	-12.73	-83.99	42.11
Change in Other Net Operating Assets	217.75	52.83	194.76	183.21	-131.09
Operating Cash Flow	-120.55	0.36	41.03	-4.92	39.33
Operating Cash Flow Growth	-	-99.13%	-	-	8.77%
Capital Expenditures	-1.61	-1.43	-0.17	-0.1	-0.01
Sale of Property, Plant & Equipment	0	0.02	-	-	-
Investment in Securities	-3.04	1.86	-2.15	-7.82	-
Other Investing Activities	-	62.83	-23.49	-16.97	-
Investing Cash Flow	-4.65	63.28	-25.81	-24.89	-0.01
Short-Term Debt Issued	782.26	363.29	-	-	-
Total Debt Issued	782.26	363.29	-	-	-
Short-Term Debt Repaid	-665.25	-176.51	-	-	-
Long-Term Debt Repaid	-1.86	-1.3	-0.43	-0.44	-0.12
Total Debt Repaid	-667.11	-177.81	-0.43	-0.44	-0.12
Net Debt Issued (Repaid)	115.15	185.49	-0.43	-0.44	-0.12
Issuance of Common Stock	-	-	-	-	0.3
Common Dividends Paid	-16.59	-	-60.28	-34.44	-14.97
Other Financing Activities	152.73	77.33	30.09	23.2	8.71
Financing Cash Flow	251.29	262.82	-30.62	-11.69	-6.07
Foreign Exchange Rate Adjustments	-	-	-69.31	-63.97	-
Miscellaneous Cash Flow Adjustments	-119.97	-87.9	-	-	-
Net Cash Flow	6.12	238.56	-84.7	-105.47	33.25
Free Cash Flow	-122.16	-1.07	40.86	-5.02	39.32
Free Cash Flow Growth	-	-	-	-	8.91%
Free Cash Flow Margin	-158.61%	-1.29%	74.81%	-9.09%	264.71%
Free Cash Flow Per Share	-16.45	-0.14	5.50	-0.68	5.30
Cash Interest Paid	59.18	17.49	4.08	0.93	0.22
Cash Income Tax Paid	37.66	13.74	14.87	16.05	4.22
Levered Free Cash Flow	-129.08	35.44	49	91.13	27.52
Unlevered Free Cash Flow	-92.09	46.37	51.55	91.71	27.66
Change in Working Capital	-92.93	-22.6	-24.53	-59.75	28.38

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