IST:REEDR 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	-1,017	-1,283	1,255	412.28	103.81
Depreciation & Amortization	395.39	399.42	181.52	44.4	3.77
Other Amortization	5.88	0.34	-	-	-
Asset Writedown & Restructuring Costs	192.57	67.33	-16.79	-17.24	1.96
Loss (Gain) From Sale of Investments	-	-	8.53	-4.48	-
Loss (Gain) on Equity Investments	-1.26	60.75	32.66	-0.05	-
Other Operating Activities	-75.09	-81.37	-553.03	-146.59	-72.31
Change in Accounts Receivable	136.62	1,832	-1,311	-85.79	-187.47
Change in Inventory	-195.53	-1,716	-254.63	-3.84	-13.26
Change in Accounts Payable	-605.29	365.85	-250.35	311.77	24.56
Change in Unearned Revenue	-48.74	40.54	-83.55	-211.54	69.75
Change in Other Net Operating Assets	1,306	-622.21	602.44	-963.01	10.47
Operating Cash Flow	93.17	-936.6	-389.46	-664.1	-58.71
Capital Expenditures	-68.82	-726.06	-686.07	-292.52	-87.8
Sale of Property, Plant & Equipment	19.62	32.53	25.28	39.97	1.95
Divestitures	-	47.53	-	-	-
Sale (Purchase) of Intangibles	-6.59	-103.13	-546.33	-3.16	-0.36
Sale (Purchase) of Real Estate	-	-	-	53.18	-
Investment in Securities	-	-12.67	-0.98	-834.28	-
Investing Cash Flow	-55.79	-761.79	-1,208	-1,037	-86.2
Long-Term Debt Issued	76.16	2,161	1,921	2,067	425.71
Long-Term Debt Repaid	-526.39	-2,825	-1,413	-1,568	-249.8
Net Debt Issued (Repaid)	-450.23	-664.03	508.05	498.54	175.91
Issuance of Common Stock	-	-	245.44	1,275	-
Other Financing Activities	-120.86	949.46	2,291	-116.31	-19.41
Financing Cash Flow	-571.1	285.44	3,045	1,657	156.5
Miscellaneous Cash Flow Adjustments	0	-	-	-	-0
Net Cash Flow	-533.72	-1,413	1,447	-43.53	11.59
Free Cash Flow	24.35	-1,663	-1,076	-956.62	-146.51
Free Cash Flow Margin	1.34%	-48.13%	-28.14%	-52.53%	-32.46%
Free Cash Flow Per Share	0.03	-1.75	-1.28	-1.98	-1831.31
Cash Interest Paid	261.39	1,102	353.81	183.4	21.6
Cash Income Tax Paid	-265.07	0.85	-0.32	-14.57	91.8
Levered Free Cash Flow	-277	-1,401	-1,820	-952.83	-222.18
Unlevered Free Cash Flow	24.33	-666.35	-1,540	-814.32	-218.14
Change in Working Capital	592.75	-100.02	-1,298	-952.41	-95.95

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