Smartiks Yazilim A.S. 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	2016 - 2019
Period Ending	Jun '25 Jun 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	2016 - 2019
Net Income	-1.21	12.32	64.94	-45.13	3.81	3.74	Upgrade
Depreciation & Amortization	-24.08	8.76	8.09	2.57	1.38	1.51	Upgrade
Other Amortization	140.98	85.58	98.42	67.57	14.63	10.84	Upgrade
Asset Writedown & Restructuring Costs	-	-	-	9.29	2.03	0.43	Upgrade
Loss (Gain) From Sale of Investments	-0.12	-0.06	-0.03	-	-	-	Upgrade
Provision & Write-off of Bad Debts	0.86	0.99	-1.39	-	3.81	0.94	Upgrade
Other Operating Activities	-47.89	7.47	-21.45	64.8	-1.73	0.51	Upgrade
Change in Accounts Receivable	9.07	20.3	-52.79	-26.66	-3.27	-2.57	Upgrade
Change in Inventory	3.26	-9.82	0.17	-0.17	0.34	0.69	Upgrade
Change in Accounts Payable	32.45	2.48	11.16	5.09	2.39	-1.78	Upgrade
Change in Unearned Revenue	-0.06	-0.2	-0.04	-7.57	-0.87	2.89	Upgrade
Change in Other Net Operating Assets	-18.22	-10.79	-0.95	-22.25	2.2	0.74	Upgrade
Operating Cash Flow	95.04	117.02	106.13	47.53	24.71	17.94	Upgrade
Operating Cash Flow Growth	-38.61%	10.26%	123.28%	92.33%	37.75%	1.58%	Upgrade
Capital Expenditures	0.05	-0.86	-0.96	-1.75	-0.62	-0.12	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	0.05	0.45	Upgrade
Sale (Purchase) of Intangibles	-134.68	-141.1	-104.25	-47.08	-23.34	-18.05	Upgrade
Other Investing Activities	0.15	0.28	0.23	-	-	-	Upgrade
Investing Cash Flow	-134.48	-141.67	-104.98	-48.83	-23.91	-17.72	Upgrade
Long-Term Debt Issued	-	57.47	20.43	-	6.92	7.54	Upgrade
Long-Term Debt Repaid	-	-1.86	-18.19	-15.97	-6.23	-7.49	Upgrade
Net Debt Issued (Repaid)	76.03	55.62	2.23	-15.97	0.68	0.05	Upgrade
Other Financing Activities	-38.91	-32.1	-8.45	-	-0.72	-0.43	Upgrade
Financing Cash Flow	37.13	23.52	-6.22	-15.97	-0.04	-0.39	Upgrade
Miscellaneous Cash Flow Adjustments	0.26	0.49	1.57	8.05	-	-	Upgrade
Net Cash Flow	-2.06	-0.63	-3.5	-9.22	0.76	-0.16	Upgrade
Free Cash Flow	95.09	116.17	105.17	45.78	24.09	17.82	Upgrade
Free Cash Flow Growth	-37.91%	10.45%	129.73%	90.04%	35.16%	1.69%	Upgrade
Free Cash Flow Margin	46.23%	57.30%	43.46%	42.70%	66.25%	65.52%	Upgrade
Free Cash Flow Per Share	2.98	3.65	3.30	1.44	0.76	0.56	Upgrade
Cash Interest Paid	38.91	32.1	8.45	-	1.4	1.09	Upgrade
Levered Free Cash Flow	-31.66	-22.31	-12.46	-1.92	-6.36	-4.43	Upgrade
Unlevered Free Cash Flow	-7.34	-2.25	-7.17	0.65	-5.48	-3.83	Upgrade
Change in Working Capital	26.5	1.97	-42.45	-51.57	0.79	-0.03	Upgrade

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