IST:SILVR 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	-274.85	46.69	-36.54	154.22	-8.04	10.93
Depreciation & Amortization	123.25	63.1	101.51	70.72	13.26	10.32
Other Amortization	45.8	48.49	41.04	18.23	2.55	1.05
Asset Writedown & Restructuring Costs	-	-	-	10.06	-	-1.11
Loss (Gain) on Equity Investments	-	-	-	-	-	0
Provision & Write-off of Bad Debts	-	-	-	-	0.42	-
Other Operating Activities	-7.57	75.91	-26.52	-82.99	31.37	21.95
Change in Accounts Receivable	157.85	72.43	423.83	39.55	-52.41	-46.8
Change in Inventory	16.85	96.42	120.63	91.05	-88.48	-28.78
Change in Accounts Payable	-217.07	-381.5	-481.79	-181.34	161.34	62.79
Change in Unearned Revenue	5.32	-22.26	23.22	-	-	-
Change in Other Net Operating Assets	40.64	118.82	-11.48	-7.79	-5.26	0.06
Operating Cash Flow	-106.51	118.11	153.9	111.72	54.75	30.4
Operating Cash Flow Growth	-	-23.26%	37.76%	104.04%	80.09%	333.42%
Capital Expenditures	10.69	-85.43	-103.52	-71.81	-22.83	-11.13
Sale of Property, Plant & Equipment	-3.17	-	0.3	0.06	0.23	0.15
Sale (Purchase) of Intangibles	-	-	-	-41.47	-13.45	-7.96
Other Investing Activities	0.28	2.47	0.89	-41.49	0.01	0.01
Investing Cash Flow	7.8	-82.96	-102.33	-154.71	-36.03	-18.93
Long-Term Debt Issued	-	28.11	4.9	115.61	8.23	11
Long-Term Debt Repaid	-	-	-49.66	-42.46	-20.6	-14.12
Net Debt Issued (Repaid)	33.77	28.11	-44.76	73.15	-12.37	-3.12
Other Financing Activities	-74.84	-59.2	-36.19	-13.12	-5.67	-5.74
Financing Cash Flow	-41.07	-31.09	-80.95	60.03	-18.04	-8.86
Foreign Exchange Rate Adjustments	-	-	-	0.12	3.46	1.07
Miscellaneous Cash Flow Adjustments	27.1	-0.37	-42.16	10.75	-	-
Net Cash Flow	-112.69	3.68	-71.54	27.91	4.14	3.69
Free Cash Flow	-95.82	32.68	50.38	39.91	31.92	19.27
Free Cash Flow Growth	-	-35.14%	26.25%	25.00%	65.67%	-
Free Cash Flow Margin	-7.31%	1.66%	1.76%	1.24%	3.27%	3.45%
Free Cash Flow Per Share	-0.27	0.09	0.14	0.11	0.09	0.06
Cash Interest Paid	74.84	59.2	36.19	13.12	5.67	6.66
Cash Income Tax Paid	-	0.1	0.03	-	-	-
Levered Free Cash Flow	-19.23	-114.5	84.62	-31.37	63.78	4.35
Unlevered Free Cash Flow	25.4	-77.5	107.24	-23.17	67.54	8.8
Change in Working Capital	3.58	-116.09	74.41	-58.53	15.19	-12.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.