IST:TABGD 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	2,628	2,502	3,549	1,853	-130.49
Depreciation & Amortization	5,657	5,179	3,528	2,023	319.88
Other Amortization	8.12	-	-	-	-
Loss (Gain) From Sale of Assets	38.56	68.23	9.87	42.41	7.77
Asset Writedown & Restructuring Costs	2.17	12.38	7.64	11.47	-2.54
Other Operating Activities	-743.82	-1,033	-1,431	-1,052	314.75
Change in Accounts Receivable	-1,368	-1,155	-643.42	-278.3	-126.15
Change in Inventory	-260.53	-170.68	-254.3	-131.59	-43.5
Change in Accounts Payable	2,036	908.48	1,042	784.07	44.53
Change in Other Net Operating Assets	871.83	235.04	-946.46	1.27	0.53
Operating Cash Flow	8,869	6,546	4,861	3,254	384.78
Operating Cash Flow Growth	35.48%	34.67%	49.39%	745.64%	-6.84%
Capital Expenditures	-4,292	-3,777	-2,003	-930.23	-142
Sale of Property, Plant & Equipment	230.68	51.33	74.2	34.6	7.89
Sale (Purchase) of Intangibles	-299.63	-355.25	-124.09	-179.55	-11.81
Investment in Securities	-572.47	-839.71	-	-	-
Other Investing Activities	440.68	2,830	2,564	-482.64	-107.15
Investing Cash Flow	-4,492	-2,091	510.75	-1,558	-253.07
Long-Term Debt Issued	-	-	1,035	1,027	1,118
Long-Term Debt Repaid	-2,942	-2,267	-5,336	-2,095	-1,050
Net Debt Issued (Repaid)	-2,942	-2,267	-4,301	-1,067	67.45
Issuance of Common Stock	-	-	5,204	200	-
Repurchase of Common Stock	-5.1	-34.45	-	-	-
Common Dividends Paid	-1,062	-221.96	-	-	-
Other Financing Activities	-1,067	-681.14	-748.71	-577.2	-293.03
Financing Cash Flow	-5,077	-3,204	154.38	-1,444	-225.58
Foreign Exchange Rate Adjustments	-	-	-	-	0.92
Miscellaneous Cash Flow Adjustments	-1,304	-2,292	-234.17	-50.55	-
Net Cash Flow	-2,004	-1,041	5,292	201.16	-92.94
Free Cash Flow	4,577	2,769	2,858	2,324	242.79
Free Cash Flow Growth	65.30%	-3.10%	22.98%	857.08%	-20.97%
Free Cash Flow Margin	9.61%	6.61%	9.90%	13.99%	6.33%
Free Cash Flow Per Share	17.52	10.60	12.03	43.20	7.49
Cash Interest Paid	1,029	631.44	748.71	577.2	293.03
Cash Income Tax Paid	1,186	755.72	281.49	57.72	-
Levered Free Cash Flow	1,332	2,864	1,980	1,475	142.72
Unlevered Free Cash Flow	1,975	3,256	2,440	1,827	323.89
Change in Working Capital	1,279	-182.46	-802.24	375.44	-124.58

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