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 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	-232.31	-246.51	61.12	-36.54	154.22	-8.04
Depreciation & Amortization	164.15	174.45	82.59	101.51	70.72	13.26
Other Amortization	52.9	52.9	63.47	41.04	18.23	2.55
Loss (Gain) From Sale of Assets	-1.2	-1.2	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	10.06	-
Provision & Write-off of Bad Debts	-	-	-	-	-	0.42
Other Operating Activities	177.11	144.99	132.59	-26.52	-82.99	31.37
Change in Accounts Receivable	79.09	56.2	94.81	423.83	39.55	-52.41
Change in Inventory	-14.32	64.96	126.21	120.63	91.05	-88.48
Change in Accounts Payable	72.09	-29.51	-499.36	-481.79	-181.34	161.34
Change in Unearned Revenue	0.13	-1.26	-29.13	23.22	-	-
Change in Other Net Operating Assets	-46.8	-60.11	155.53	-11.48	-7.79	-5.26
Operating Cash Flow	250.84	154.89	187.82	153.9	111.72	54.75
Operating Cash Flow Growth	488.88%	-17.53%	22.04%	37.76%	104.04%	80.09%
Capital Expenditures	-35.57	-17.87	-78.84	-103.52	-71.81	-22.83
Sale of Property, Plant & Equipment	1.3	1.3	-	0.3	0.06	0.23
Sale (Purchase) of Intangibles	-54.39	-54.39	-32.98	-	-41.47	-13.45
Other Investing Activities	0.44	0.33	3.23	0.89	-41.49	0.01
Investing Cash Flow	-88.23	-70.65	-108.59	-102.33	-154.71	-36.03
Long-Term Debt Issued	-	11.32	36.79	4.9	115.61	8.23
Long-Term Debt Repaid	-	-0.54	-	-49.66	-42.46	-20.6
Net Debt Issued (Repaid)	-79.55	10.78	36.79	-44.76	73.15	-12.37
Other Financing Activities	-80.86	-95.68	-77.49	-36.19	-13.12	-5.67
Financing Cash Flow	-160.41	-84.9	-40.7	-80.95	60.03	-18.04
Foreign Exchange Rate Adjustments	-	-	-	-	0.12	3.46
Miscellaneous Cash Flow Adjustments	-1.29	-1.51	-33.71	-42.16	10.75	-
Net Cash Flow	0.9	-2.16	4.82	-71.54	27.91	4.14
Free Cash Flow	215.27	137.02	108.98	50.38	39.91	31.92
Free Cash Flow Growth	-	25.73%	116.31%	26.25%	25.00%	65.67%
Free Cash Flow Margin	13.26%	7.50%	4.23%	1.76%	1.24%	3.27%
Free Cash Flow Per Share	-	0.39	0.31	0.14	0.11	0.09
Cash Interest Paid	95.68	95.68	77.49	36.19	13.12	5.67
Cash Income Tax Paid	-	-0.13	0.14	0.03	-	-
Levered Free Cash Flow	-19.85	-43.1	-130.51	84.62	-31.37	63.78
Unlevered Free Cash Flow	30.01	16.7	-82.08	107.24	-23.17	67.54
Change in Working Capital	90.19	30.27	-151.95	74.41	-58.53	15.19

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