Ral Yatirim Holding A.S. Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,049	2,317	1,706	537.2	461.93	28.57
Depreciation & Amortization	119.85	95.24	59.78	36.89	7.9	1.04
Asset Writedown & Restructuring Costs	-114.29	-114.29	-	-81.31	-374.09	2.6
Loss (Gain) From Sale of Investments	-	-	-	-	4.14	-3.37
Loss (Gain) on Equity Investments	-8.95	-8.95	-	-	-	-
Provision & Write-off of Bad Debts	-	-	-	-	1.56	2.09
Other Operating Activities	948.27	2,095	270.84	-294.62	-23.98	211.95
Change in Accounts Receivable	401.47	-19.5	-276.02	214.42	73.25	-349.95
Change in Inventory	-46.42	-18.52	162.27	-15.16	-87.08	0.97
Change in Accounts Payable	-16.76	-16.76	704.93	137.89	-0.17	86.45
Change in Unearned Revenue	179.56	243.41	-	-	-2.08	-0.3
Change in Other Net Operating Assets	-1,382	99.48	-705.44	-409.09	-40.47	2.02
Operating Cash Flow	3,129	4,673	1,923	126.22	20.92	-17.93
Operating Cash Flow Growth	-39.07%	143.02%	1423.39%	503.39%	-	-
Capital Expenditures	-3,014	-4,541	-4,730	-246.78	-31.35	-7.52
Sale of Property, Plant & Equipment	1,013	1,013	186.45	9.22	4.87	1.7
Sale (Purchase) of Intangibles	-	-	-	-	-5.54	-0
Sale (Purchase) of Real Estate	-2,168	-1,530	-59.4	-	-	1.57
Investment in Securities	-62.5	-	-	4.68	0.04	-0.04
Investing Cash Flow	-4,232	-5,058	-4,603	-232.88	-31.97	-4.29
Long-Term Debt Issued	-	541.86	2,501	321.65	14.85	17.82
Total Debt Repaid	305.25	-	-	-	-	-
Net Debt Issued (Repaid)	847.11	541.86	2,501	321.65	14.85	17.82
Issuance of Common Stock	-	-	3.95	-	-	-
Repurchase of Common Stock	-146.27	-146.27	-	-	-	-0.15
Other Financing Activities	255.86	-	-	-67.44	-16.26	-2.35
Financing Cash Flow	956.7	395.59	2,505	254.21	-1.41	15.32
Miscellaneous Cash Flow Adjustments	-7.17	-4.63	-	-	-	-
Net Cash Flow	-152.92	5.69	-175.21	147.56	-12.46	-6.9
Free Cash Flow	115.55	131.99	-2,808	-120.56	-10.43	-25.45
Free Cash Flow Margin	1.28%	2.07%	-45.86%	-4.00%	-1.50%	-9.25%
Free Cash Flow Per Share	-	0.45	-8.43	-	-	-0.08
Cash Interest Paid	-	-	-	-	17.61	3.07
Cash Income Tax Paid	-	-104.91	91.7	50.09	-44.27	-0.27
Levered Free Cash Flow	-1,845	-2,000	-5,096	-98.71	106.14	-43.8
Unlevered Free Cash Flow	-1,665	-1,882	-4,908	-63.41	109.38	-41.49
Change in Working Capital	-863.98	288.12	-114.27	-71.94	-56.54	-260.8

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