IST:RUBNS 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	67.98	-152.83	48.31	76.18	4.49	74.17
Depreciation & Amortization	722.28	123.06	140.31	40.97	42.43	8.76
Asset Writedown & Restructuring Costs	0	0	-17.98	-	-	-11.53
Other Operating Activities	35.01	46.13	-15.41	-182.14	24.43	-13.73
Change in Accounts Receivable	302.38	-1,125	-126.75	-251.91	-52.95	31.88
Change in Inventory	-845.29	-226.94	-19.74	376.58	-94.64	-49.81
Change in Accounts Payable	55.96	127.03	-81.92	125.93	-54.67	12.75
Change in Unearned Revenue	23.69	23.69	-3.2	-715.68	470.45	9.92
Change in Other Net Operating Assets	115.21	-173.6	-60.55	1,441	-828.72	-13.68
Operating Cash Flow	477.23	-1,358	-136.92	911.22	-489.19	48.72
Capital Expenditures	-515.97	-46.29	-283.44	-965.31	-224.9	-54.74
Sale of Property, Plant & Equipment	-199.53	1,336	3.26	1.25	280.82	2.69
Sale (Purchase) of Real Estate	-	-	-163.55	-	-	1.58
Investing Cash Flow	-515.75	1,290	-443.73	-964.06	55.92	-50.47
Long-Term Debt Issued	-	854.35	916.05	473.95	242.07	110.88
Long-Term Debt Repaid	-	-568.66	-535.55	-371.49	-329.75	-98.24
Net Debt Issued (Repaid)	8.3	285.69	380.5	102.46	-87.68	12.63
Issuance of Common Stock	-	-	407.26	8.1	553	-
Repurchase of Common Stock	-	-	-6.38	-	-	-
Other Financing Activities	277.32	-203.82	-203.07	-55.76	-32.83	-10.6
Financing Cash Flow	285.62	81.87	578.31	54.8	432.49	2.04
Net Cash Flow	247.1	13.29	-2.34	1.96	-0.77	0.29
Free Cash Flow	-38.74	-1,404	-420.36	-54.09	-714.08	-6.02
Free Cash Flow Margin	-1.75%	-65.64%	-18.61%	-1.63%	-49.94%	-1.70%
Free Cash Flow Per Share	-	-17.70	-5.64	-0.73	-9.59	-0.12
Cash Interest Paid	203.96	203.96	203.07	55.76	32.83	10.6
Cash Income Tax Paid	-	-	-	16.03	6.64	24.67
Levered Free Cash Flow	-1,809	-1,262	-576.83	-982.05	-270.19	-
Unlevered Free Cash Flow	-1,654	-1,110	-389.26	-936.69	-247.77	-
Change in Working Capital	-348.05	-1,374	-292.16	976.2	-560.53	-8.94

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