IST:SAHOL 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	3,793	-20,255	22,274	39,421	12,032
Depreciation & Amortization	28,645	26,252	17,472	10,931	2,124
Gain (Loss) on Sale of Assets	-89.21	35.94	1.53	-2,117	-292.4
Gain (Loss) on Sale of Investments	-7,937	17,340	-15,298	-6,302	-1,378
Total Asset Writedown	-1,399	3,061	930.17	412.97	1.35
Provision for Credit Losses	46,917	33,430	21,975	33,216	4.21
Change in Trading Asset Securities	-20,548	-11,142	7,470	12,302	-17,047
Change in Accounts Payable	7,719	11,104	2,258	1,623	3,458
Change in Other Net Operating Assets	-66,009	18,590	29,122	-39,009	44,956
Other Operating Activities	95,790	71,051	-33,104	-103,589	1,004
Net Cash from Discontinued Operations	-37.6	-0.36	759.69	1,063	-258.04
Operating Cash Flow	87,229	153,205	32,644	-70,915	38,078
Operating Cash Flow Growth	-43.06%	369.32%	-	-	-
Capital Expenditures	-23,910	-27,934	-25,190	-9,440	-1,299
Sale of Property, Plant and Equipment	1,883	1,171	1,085	3,618	703.4
Cash Acquisitions	-	-14,282	-	-2,046	3,499
Investment in Securities	-221,152	-216,168	-15,457	51,851	-57,094
Income (Loss) Equity Investments	-4,661	-2,258	-19,734	-17,857	-2,787
Divestitures	-	-	-	6,267	-
Purchase / Sale of Intangibles	-11,439	-8,953	-6,805	-5,097	-1,219
Other Investing Activities	4,460	4,468	6,522	5,340	-28.38
Investing Cash Flow	-250,255	-261,460	-40,213	50,460	-55,446
Long-Term Debt Issued	313,167	209,659	114,094	50,514	48,841
Long-Term Debt Repaid	-111,371	-62,617	-34,890	-28,612	-7,240
Net Debt Issued (Repaid)	201,796	147,042	79,204	21,903	41,601
Issuance of Common Stock	-	-	6,993	4,004	-
Repurchase of Common Stock	-28.18	-72.58	-4,452	-2,827	-108.18
Common Dividends Paid	-11,458	-18,650	-7,190	-3,201	-733.59
Other Financing Activities	-6,268	-5,628	-16,527	-3,519	-309.73
Financing Cash Flow	184,041	122,691	58,027	16,360	40,450
Foreign Exchange Rate Adjustments	14,621	14,621	30,780	22,294	13,209
Net Cash Flow	-9,791	-31,339	-5,328	-51,098	36,291
Free Cash Flow	63,320	125,271	7,454	-80,356	36,779
Free Cash Flow Growth	-49.45%	1580.67%	-	-	-
Free Cash Flow Margin	24.83%	50.64%	2.77%	-37.71%	100.49%
Free Cash Flow Per Share	30.57	60.49	3.65	-39.39	18.03
Cash Income Tax Paid	11,667	28,168	37,379	31,623	3,731

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.