IST:SANKO 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	-123.57	-66.06	-261.12	-91.26	-309.24	128.02
Depreciation & Amortization	17.08	17.97	22.3	16.14	21.03	8.07
Other Amortization	0.02	0.02	0.08	0.06	0.12	0.15
Loss (Gain) From Sale of Assets	0.11	0.05	-	-	-	-2.87
Asset Writedown & Restructuring Costs	-13.37	-13.37	210.2	-115.71	-3.31	-
Provision & Write-off of Bad Debts	5.08	5.08	-	-5.41	-2.86	-1.94
Other Operating Activities	149.76	135.12	82.4	294.66	-171.79	17.31
Change in Accounts Receivable	45.76	-346.81	-306.31	-216.67	-275.02	-320.3
Change in Inventory	12.72	10.14	3.66	3.12	-2.68	-4.68
Change in Accounts Payable	-284.67	-157.31	351.7	282.44	439.12	256.3
Change in Other Net Operating Assets	-15.09	13.6	-156.05	6.89	122.83	3.3
Operating Cash Flow	-206.16	-401.55	-53.14	174.25	-181.8	83.36
Capital Expenditures	-1.79	-0.73	-2.66	-1.74	-2.18	-0.38
Sale of Property, Plant & Equipment	0.29	0.29	-	-	-	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-0.15
Investing Cash Flow	-1.51	-0.44	-2.66	-1.74	-2.18	-0.53
Common Dividends Paid	-	-	-	-151.6	-172.48	-15
Other Financing Activities	58.75	93.82	136.75	93.35	482.7	-
Financing Cash Flow	58.75	93.82	136.75	-58.25	310.21	-15
Foreign Exchange Rate Adjustments	45.46	-	-	115.82	72.96	17.89
Miscellaneous Cash Flow Adjustments	-143.39	-143.39	-233.71	-227.23	-	-
Net Cash Flow	-246.84	-451.57	-152.75	2.85	199.19	85.72
Free Cash Flow	-207.96	-402.28	-55.8	172.51	-183.98	82.98
Free Cash Flow Margin	-3.65%	-5.89%	-0.55%	1.88%	-2.66%	4.63%
Free Cash Flow Per Share	-	-2.68	-0.37	1.15	-1.06	0.55
Cash Income Tax Paid	29.85	29.85	58.52	72.1	100.63	14.59
Levered Free Cash Flow	-179.97	-297.37	-250.29	89.84	223.4	-17.51
Unlevered Free Cash Flow	-133.19	-251.69	-195.98	139.45	244.43	-13.5
Change in Working Capital	-241.28	-480.37	-107	75.77	284.25	-65.38

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