IST:RYSAS Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-1,378	1,393	1,070	249.16	-57.68	-21.59
Depreciation & Amortization	788.04	32.49	46.91	-	57.81	46.81
Other Amortization	-	-	-	-	0	0
Loss (Gain) From Sale of Assets	-	-	-	-	-0.78	-2.03
Asset Writedown & Restructuring Costs	-	-	-	-	-	-5.17
Loss (Gain) on Equity Investments	-	-	-	-	-4.95	-3.24
Provision & Write-off of Bad Debts	-	-	-	-	0.59	1
Other Operating Activities	2,253	723.1	1,188	65.19	183.23	158.33
Change in Accounts Receivable	-173.04	-515.97	81.07	-593.46	-32.53	-26.51
Change in Inventory	153.68	178.18	-165.58	-7.73	-1.6	2.28
Change in Accounts Payable	842.24	439.78	-40.18	336.68	-8.84	5.6
Change in Unearned Revenue	27.06	-	-	-	-7.27	-7.45
Change in Other Net Operating Assets	-807.05	214.53	-243.17	1,139	-36.77	2.38
Operating Cash Flow	2,586	2,465	1,937	1,189	91.47	150.15
Operating Cash Flow Growth	-5.82%	27.28%	62.95%	1199.49%	-39.08%	-16.81%
Capital Expenditures	-4,972	-4,827	-3,553	-683.2	-50.48	-98.23
Sale of Property, Plant & Equipment	-2,054	-	-	-	16.45	17.87
Sale (Purchase) of Real Estate	-1,154	-	-	-	-292.85	-75.6
Other Investing Activities	-49.51	-0	-299.68	204.17	-	-
Investing Cash Flow	-8,230	-4,827	-3,853	-479.03	-326.89	-155.97
Long-Term Debt Issued	-	63.44	-	2,511	868.56	1,389
Long-Term Debt Repaid	-	-	-554.88	-	-701.9	-1,237
Net Debt Issued (Repaid)	503.23	63.44	-554.88	2,511	166.66	152.21
Repurchase of Common Stock	-	-	-	-	-3.79	-
Other Financing Activities	5,568	2,597	2,902	-2,551	227.31	7.44
Financing Cash Flow	6,071	2,660	2,347	-40.28	390.19	159.65
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-	-
Net Cash Flow	427.59	298.2	431.29	669.35	154.77	153.84
Free Cash Flow	-2,386	-2,362	-1,616	505.45	40.99	51.92
Free Cash Flow Growth	-	-	-	1133.24%	-21.06%	-55.65%
Free Cash Flow Margin	-25.86%	-20.45%	-16.71%	16.18%	4.01%	6.31%
Free Cash Flow Per Share	-1.30	-1.18	-0.81	0.51	0.04	0.11
Cash Interest Paid	1,674	-	-	-	-	-
Cash Income Tax Paid	8.33	-	-	-	9.49	-3.04
Levered Free Cash Flow	-3,981	-3,512	-3,040	-620.13	-21.61	-5.63
Unlevered Free Cash Flow	-2,810	-1,590	-2,076	-163.78	113.45	86.81
Change in Working Capital	923.2	316.52	-367.87	874.3	-86.75	-23.95

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