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	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	12.32	64.94	-45.13	3.81
Depreciation & Amortization	8.76	8.09	2.57	1.38
Other Amortization	85.58	98.42	67.57	14.63
Asset Writedown & Restructuring Costs	-	-	9.29	2.03
Loss (Gain) From Sale of Investments	-0.06	-0.03	-	-
Provision & Write-off of Bad Debts	0.99	-1.39	-	3.81
Other Operating Activities	7.47	-21.45	64.8	-1.73
Change in Accounts Receivable	20.3	-52.79	-26.66	-3.27
Change in Inventory	-9.82	0.17	-0.17	0.34
Change in Accounts Payable	2.48	11.16	5.09	2.39
Change in Unearned Revenue	-0.2	-0.04	-7.57	-0.87
Change in Other Net Operating Assets	-10.79	-0.95	-22.25	2.2
Operating Cash Flow	117.02	106.13	47.53	24.71
Operating Cash Flow Growth	10.26%	123.28%	92.33%	37.75%
Capital Expenditures	-0.86	-0.96	-1.75	-0.62
Sale of Property, Plant & Equipment	-	-	-	0.05
Sale (Purchase) of Intangibles	-141.1	-104.25	-47.08	-23.34
Other Investing Activities	0.28	0.23	-	-
Investing Cash Flow	-141.67	-104.98	-48.83	-23.91
Long-Term Debt Issued	57.47	20.43	-	6.92
Long-Term Debt Repaid	-1.86	-18.19	-15.97	-6.23
Net Debt Issued (Repaid)	55.62	2.23	-15.97	0.68
Other Financing Activities	-32.1	-8.45	-	-0.72
Financing Cash Flow	23.52	-6.22	-15.97	-0.04
Miscellaneous Cash Flow Adjustments	0.49	1.57	8.05	-
Net Cash Flow	-0.63	-3.5	-9.22	0.76
Free Cash Flow	116.17	105.17	45.78	24.09
Free Cash Flow Growth	10.45%	129.73%	90.04%	35.16%
Free Cash Flow Margin	57.30%	43.46%	42.70%	66.25%
Free Cash Flow Per Share	3.65	3.30	1.44	0.76
Cash Interest Paid	32.1	8.45	-	1.4
Levered Free Cash Flow	-22.31	-12.46	-1.92	-6.36
Unlevered Free Cash Flow	-2.25	-7.17	0.65	-5.48
Change in Working Capital	1.97	-42.45	-51.57	0.79

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