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 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	-20.4	16.12	64.94	-45.13	3.81
Depreciation & Amortization	-65.74	11.46	8.09	2.57	1.38
Other Amortization	181.15	112.01	98.42	67.57	14.63
Asset Writedown & Restructuring Costs	-	-	-	9.29	2.03
Loss (Gain) From Sale of Investments	-0.06	-0.06	-0.03	-	-
Provision & Write-off of Bad Debts	-0.19	1.29	-1.39	-	3.81
Other Operating Activities	30.99	62.99	-21.45	64.8	-1.73
Change in Accounts Receivable	21.02	18.9	-52.79	-26.66	-3.27
Change in Inventory	9.79	-9.82	0.17	-0.17	0.34
Change in Accounts Payable	66.77	2.48	11.16	5.09	2.39
Change in Unearned Revenue	0	-0.2	-0.04	-7.57	-0.87
Change in Other Net Operating Assets	-23.6	-9.68	-0.95	-22.25	2.2
Operating Cash Flow	199.73	205.5	106.13	47.53	24.71
Operating Cash Flow Growth	-2.81%	93.63%	123.28%	92.33%	37.75%
Capital Expenditures	-0.36	-1.12	-0.96	-1.75	-0.62
Sale of Property, Plant & Equipment	-	-	-	-	0.05
Sale (Purchase) of Intangibles	-181.15	-184.68	-104.25	-47.08	-23.34
Other Investing Activities	0.2	0.37	0.23	-	-
Investing Cash Flow	-181.31	-185.43	-104.98	-48.83	-23.91
Long-Term Debt Issued	41.39	26.71	20.43	-	6.92
Long-Term Debt Repaid	-10.59	-6.58	-18.19	-15.97	-6.23
Net Debt Issued (Repaid)	30.8	20.13	2.23	-15.97	0.68
Other Financing Activities	-41.74	-42.01	-8.45	-	-0.72
Financing Cash Flow	-10.93	-21.88	-6.22	-15.97	-0.04
Miscellaneous Cash Flow Adjustments	0.3	0.99	1.57	8.05	-
Net Cash Flow	7.79	-0.83	-3.5	-9.22	0.76
Free Cash Flow	199.38	204.38	105.17	45.78	24.09
Free Cash Flow Growth	-2.45%	94.33%	129.73%	90.04%	35.16%
Free Cash Flow Margin	99.63%	77.02%	43.46%	42.70%	66.25%
Free Cash Flow Per Share	6.26	6.41	3.30	1.44	0.76
Cash Interest Paid	41.74	42.01	8.45	-	1.4
Cash Income Tax Paid	0.01	0.01	-	-	-
Levered Free Cash Flow	-1.83	-51.41	-12.46	-1.92	-6.36
Unlevered Free Cash Flow	24.26	-25.15	-7.17	0.65	-5.48
Change in Working Capital	73.98	1.68	-42.45	-51.57	0.79

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