IST:SARKY 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	346.92	459.11	2,097	922.95	553.22
Depreciation & Amortization	413.81	420.97	296.33	171.96	31.22
Other Amortization	-	-	-	-	0.13
Loss (Gain) From Sale of Assets	-20.17	-4.6	-4.09	-9.74	-
Asset Writedown & Restructuring Costs	-14.06	-24.5	-233.12	-287.38	-49.01
Loss (Gain) on Equity Investments	92.54	-13	-81.76	131.28	-9.84
Provision & Write-off of Bad Debts	112.37	-41.15	319.22	212.32	33.84
Other Operating Activities	1,498	1,306	-330.31	-717.99	86
Change in Accounts Receivable	-3,056	-1,694	-2,287	-1,576	-1,462
Change in Inventory	-1,735	2,155	-628.48	84.59	-812.82
Change in Accounts Payable	3,495	248.84	1,594	1,221	619.64
Change in Unearned Revenue	73.78	-45.76	-108.86	-217.76	155.02
Change in Other Net Operating Assets	-1,493	-820.53	162.02	-464.45	-114.14
Operating Cash Flow	-285.23	1,947	795.2	-530.09	-968.83
Operating Cash Flow Growth	-	144.79%	-	-	-
Capital Expenditures	-1,660	-342.99	-569.13	-472.53	-43.88
Sale of Property, Plant & Equipment	24.08	11.71	7.15	15.92	0.67
Sale (Purchase) of Intangibles	-0.16	-0.33	-18.61	-0.04	-
Sale (Purchase) of Real Estate	-15.18	-135.14	-78.43	-21.92	-
Other Investing Activities	-	-	-35.13	-	-
Investing Cash Flow	-1,651	-466.76	-694.17	-478.57	-43.21
Long-Term Debt Issued	3,840	-	6,667	8,453	3,673
Long-Term Debt Repaid	-13.88	-21.43	-4,181	-6,715	-2,427
Net Debt Issued (Repaid)	3,826	-21.43	2,485	1,738	1,245
Common Dividends Paid	-329.05	-514.22	-270.19	-230.36	-84.35
Other Financing Activities	-972.7	-1,297	-842.37	-268.16	-130.01
Financing Cash Flow	2,524	-1,833	1,373	1,240	1,031
Foreign Exchange Rate Adjustments	-53.08	-20.49	-78.72	-13.81	142.87
Miscellaneous Cash Flow Adjustments	-362.16	-850.34	-458.09	-377.93	-
Net Cash Flow	172.26	-1,224	937.16	-160.87	161.87
Free Cash Flow	-1,945	1,604	226.06	-1,003	-1,013
Free Cash Flow Growth	-	609.37%	-	-	-
Free Cash Flow Margin	-2.46%	2.07%	0.35%	-1.88%	-7.31%
Free Cash Flow Per Share	-1.95	1.60	0.23	-1.00	-1.01
Cash Interest Paid	1,328	1,930	1,035	328.2	143.79
Cash Income Tax Paid	369.88	291.27	631.09	816.58	124.56
Levered Free Cash Flow	-2,730	-984.87	-2,099	-4,683	-1,132
Unlevered Free Cash Flow	-1,748	379.03	-1,228	-4,383	-1,034
Change in Working Capital	-2,714	-156.7	-1,268	-953.49	-1,614

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