IST:TERA 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	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	45,971	37,335	531.74	374.63	-5.65	32.71
Depreciation & Amortization, Total	118.85	67.78	45.96	28.26	14.76	1.76
Change in Accounts Receivable	-17,255	-36,552	-3,786	716.65	-634.25	-42.91
Change in Accounts Payable	152,706	137,138	929.31	-372.21	600.37	-20.43
Change in Other Net Operating Assets	-143,830	-67,024	495.94	160.43	-127.73	-36.86
Other Operating Activities	59,458	50,890	-179.22	130.72	229.05	6.37
Operating Cash Flow	11,283	9,254	-4,525	1,095	76.55	-59.31
Capital Expenditures	-89.03	-89.03	-53.67	-11.28	-9.86	-6.99
Sale (Purchase) of Intangibles	-106.3	-111.91	-45.38	-18.72	-15.47	-3.5
Investment in Securities	-0	-	-0.44	-0.06	-1.78	-
Other Investing Activities	-51.22	-105.42	49.76	33.29	-0	-
Investing Cash Flow	-159.13	-306.37	-39.36	4.56	-26.52	-10.49
Short-Term Debt Issued	-	-	-	-	-	50.2
Long-Term Debt Issued	-	23,803	2,852	799.65	76.47	-
Total Debt Issued	23,802	23,803	2,852	799.65	76.47	50.2
Long-Term Debt Repaid	-	-	-5.36	-	-3.2	-
Total Debt Repaid	-606.54	-	-5.36	-	-3.2	-
Net Debt Issued (Repaid)	23,195	23,803	2,847	799.65	73.27	50.2
Issuance of Common Stock	-	-	143.48	-	15	3.5
Other Financing Activities	-12,887	-22,651	-234.99	-753.93	-	-
Financing Cash Flow	10,308	1,152	2,755	45.72	88.27	53.7
Net Cash Flow	18,407	10,528	-1,337	1,184	138.29	-16.1
Free Cash Flow	11,194	9,165	-4,578	1,084	66.69	-66.3
Free Cash Flow Growth	-	-	-	1524.82%	-	-
Free Cash Flow Margin	2.66%	2.30%	-70.07%	18.28%	2.65%	-4.66%
Free Cash Flow Per Share	-	13.09	-6.54	1.55	0.10	-
Cash Interest Paid	-	-	-	80.79	5.48	4.58
Cash Income Tax Paid	-	-185.65	-77.22	84.17	15.57	1.63

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