IST:SSAAT 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	1,518	1,530	1,233	2,096
Depreciation & Amortization	730.9	696.34	561.88	501.98
Loss (Gain) From Sale of Assets	0.03	0.03	-16.5	2.88
Asset Writedown & Restructuring Costs	1.08	1.08	15.24	-4.58
Other Operating Activities	-352.31	-451.61	-867.66	-1,597
Change in Accounts Receivable	393.75	467.58	4.33	-783.17
Change in Inventory	-50.9	-296.09	-402.97	-403.89
Change in Accounts Payable	6.81	-16.32	51.81	53.23
Change in Unearned Revenue	-93.24	-202.89	134.62	702.49
Change in Other Net Operating Assets	-686.45	-276.38	113.49	-481.02
Operating Cash Flow	1,479	1,452	826.78	86.46
Operating Cash Flow Growth	-	75.58%	856.30%	-
Capital Expenditures	-273.52	-276.59	-191.81	-116.43
Sale of Property, Plant & Equipment	3.1	0.9	38.22	2.02
Investing Cash Flow	-270.42	-275.68	-153.59	-114.41
Long-Term Debt Issued	-	1,297	-	1,271
Long-Term Debt Repaid	-	-381.84	-361.03	-234.35
Net Debt Issued (Repaid)	1,199	915.62	-361.03	1,037
Issuance of Common Stock	-	-	-	21.32
Common Dividends Paid	-1,543	-1,190	-	-402.95
Financing Cash Flow	-343.79	-274.04	-361.03	654.95
Foreign Exchange Rate Adjustments	-6.3	17.92	-0.66	9.09
Miscellaneous Cash Flow Adjustments	-461.83	-405.6	-342.23	-375.33
Net Cash Flow	396.97	514.24	-30.73	260.76
Free Cash Flow	1,206	1,175	634.97	-29.97
Free Cash Flow Growth	-	85.06%	-	-
Free Cash Flow Margin	9.00%	9.03%	5.50%	-0.28%
Free Cash Flow Per Share	1.94	1.90	-	-
Levered Free Cash Flow	-	1,175	838.78	-
Unlevered Free Cash Flow	-	2,107	1,818	-
Cash Income Tax Paid	465.17	448.3	368.7	527.29
Change in Working Capital	-430.03	-324.1	-98.72	-912.35