IST:RAYSG 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	3,837	3,737	2,212	901.94	179.72	68.32
Depreciation & Amortization	142.49	116.07	81.23	30.26	19.87	11.49
Other Operating Activities	894.45	3,446	5,209	-1,332	913.45	-144.62
Operating Cash Flow	4,874	7,299	7,503	-399.64	1,113	-64.81
Operating Cash Flow Growth	-44.83%	-2.71%	-	-	-	-
Capital Expenditures	-111.04	-98.3	-113.8	-82.89	-20.24	-1.01
Sale of Property, Plant & Equipment	0.05	3.05	7.36	0.46	-	0.04
Purchase / Sale of Intangible Assets	-9.5	-9.5	-19.89	-31.2	-10.01	-8.05
Investment in Securities	58.01	-48.32	-567.97	725.79	-46.23	-376.73
Other Investing Activities	-2.38	1,068	1,954	677.54	192.76	115.69
Investing Cash Flow	-64.86	915.01	1,260	1,290	116.28	-270.07
Total Debt Repaid	10.98	-4.8	-4.94	-4.96	-4.71	-2.69
Net Debt Issued (Repaid)	10.98	-4.8	-4.94	-4.96	-4.71	-2.69
Financing Cash Flow	10.98	-4.8	-4.94	-4.96	-4.71	-2.69
Foreign Exchange Rate Adjustments	-456.76	-413.2	-139.35	419.73	83.2	109.49
Net Cash Flow	4,363	7,796	8,618	1,305	1,308	-228.08
Free Cash Flow	4,763	7,201	7,389	-482.54	1,093	-65.82
Free Cash Flow Growth	-45.20%	-2.55%	-	-	-	-
Free Cash Flow Margin	14.70%	24.17%	57.67%	-10.21%	66.10%	-7.20%
Free Cash Flow Per Share	29.21	44.16	45.31	-2.96	6.70	-0.40
Cash Interest Paid	-	5.25	0.69	0.79	0.75	0.54
Cash Income Tax Paid	1,580	1,395	675.71	281.61	60.75	40.71
Levered Free Cash Flow	5,684	7,585	8,865	1,821	1,225	69.54
Unlevered Free Cash Flow	5,684	7,585	8,865	1,821	1,225	69.54