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 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	3,366	2,886	2,388	1,070	249.16	-57.68
Depreciation & Amortization	890.27	917.88	787.24	46.91	-	57.81
Other Amortization	-	-	-	-	-	0
Loss (Gain) From Sale of Assets	-	-	-	-	-	-0.78
Asset Writedown & Restructuring Costs	-38.24	-	-	-	-	-
Loss (Gain) on Equity Investments	-529.61	-216	-486.2	-	-	-4.95
Provision & Write-off of Bad Debts	-	-	-	-	-	0.59
Other Operating Activities	-497.12	1,541	901.57	1,188	65.19	183.23
Change in Accounts Receivable	946.43	396.1	-694.73	81.07	-593.46	-32.53
Change in Inventory	-12.43	-45.61	233.23	-165.58	-7.73	-1.6
Change in Accounts Payable	1,243	705.09	575.64	-40.18	336.68	-8.84
Change in Unearned Revenue	15.18	19.93	31.97	-	-	-7.27
Change in Other Net Operating Assets	-333.36	-95.72	386.04	-243.17	1,139	-36.77
Operating Cash Flow	4,929	5,944	3,856	1,937	1,189	91.47
Operating Cash Flow Growth	100.20%	54.16%	99.06%	62.95%	1199.49%	-39.08%
Capital Expenditures	-1,626	-1,540	-2,376	-3,553	-683.2	-50.48
Sale of Property, Plant & Equipment	-10.69	39.33	-	-	-	16.45
Sale (Purchase) of Intangibles	-	-	-2.89	-	-	-
Sale (Purchase) of Real Estate	-3,428	-3,428	-2,209	-	-	-292.85
Other Investing Activities	310.25	41.57	46.68	-299.68	204.17	-
Investing Cash Flow	-4,754	-4,887	-4,541	-3,853	-479.03	-326.89
Long-Term Debt Issued	-	5,415	3,983	-	2,511	868.56
Long-Term Debt Repaid	-	-4,089	-1,554	-554.88	-	-701.9
Net Debt Issued (Repaid)	2,309	1,326	2,429	-554.88	2,511	166.66
Repurchase of Common Stock	-	-	-	-	-	-3.79
Other Financing Activities	-586.44	-698.61	-1,380	2,902	-2,551	227.31
Financing Cash Flow	1,723	627.21	1,049	2,347	-40.28	390.19
Foreign Exchange Rate Adjustments	1.17	1.17	-	-	-	-
Miscellaneous Cash Flow Adjustments	1,361	-	-	0	-0	-
Net Cash Flow	3,260	1,686	364.14	431.29	669.35	154.77
Free Cash Flow	3,303	4,404	1,480	-1,616	505.45	40.99
Free Cash Flow Growth	-	197.58%	-	-	1133.24%	-21.06%
Free Cash Flow Margin	25.88%	35.27%	10.21%	-16.71%	16.18%	4.01%
Free Cash Flow Per Share	-	2.20	1.60	-0.81	0.51	0.04
Cash Interest Paid	2,216	2,216	2,377	-	-	-
Cash Income Tax Paid	16.62	16.62	63.64	-	-	9.49
Levered Free Cash Flow	864.42	1,513	203.5	-3,040	-620.13	-21.61
Unlevered Free Cash Flow	2,410	3,035	2,719	-2,076	-163.78	113.45
Change in Working Capital	1,738	815.6	265.28	-367.87	874.3	-86.75

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