IST:TEZOL Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	108.2	145.71	37.85	681.43	255.05
Depreciation & Amortization	183.75	170.01	118.52	75.89	12.2
Loss (Gain) From Sale of Assets	-38.17	-3.07	-2.81	-6.19	-3.57
Loss (Gain) From Sale of Investments	6.2	-1.12	-0.04	-	-
Provision & Write-off of Bad Debts	11.85	11.79	13.98	10.67	-
Other Operating Activities	286.78	227.73	258.98	200.56	66.89
Change in Accounts Receivable	-417.71	-577.16	53.82	-667.73	-98.81
Change in Inventory	543.06	478.71	-197.98	-160.79	-33.81
Change in Accounts Payable	439.85	-8.69	392.56	233.25	68.86
Change in Other Net Operating Assets	-62.18	-137.39	-36.28	-111	-1.44
Operating Cash Flow	1,062	306.51	638.61	256.09	265.36
Operating Cash Flow Growth	-	-52.00%	149.37%	-3.49%	-
Capital Expenditures	-90.3	-323.65	-385.69	-400.53	-31.58
Sale of Property, Plant & Equipment	78.13	3.07	2.86	11.21	3.87
Investment in Securities	253.62	-303.06	-38.7	-	7.73
Other Investing Activities	129.4	366.6	-73.15	35.51	-25.16
Investing Cash Flow	370.86	-257.04	-494.67	-353.8	-45.14
Long-Term Debt Issued	-	405.5	395.59	444.72	307.44
Long-Term Debt Repaid	-	-269.18	-455.92	-610.03	-116.35
Net Debt Issued (Repaid)	-665.23	136.32	-60.34	-165.31	191.1
Common Dividends Paid	-91.2	-40.51	-	-122.59	-
Other Financing Activities	-94.3	-189.29	-43.88	-97.01	-28.21
Financing Cash Flow	-850.72	-93.48	-104.22	-384.91	162.89
Foreign Exchange Rate Adjustments	-6.59	2.84	3.34	2.25	-
Miscellaneous Cash Flow Adjustments	-142.14	-54.55	-125.29	-493.27	-
Net Cash Flow	433.04	-95.71	-82.24	-973.65	383.1
Free Cash Flow	971.33	-17.14	252.92	-144.44	233.78
Free Cash Flow Margin	19.54%	-0.34%	4.80%	-3.40%	26.62%
Free Cash Flow Per Share	1.94	-0.03	0.51	-0.29	0.47
Cash Interest Paid	148.45	189.29	43.88	97.01	14.35
Cash Income Tax Paid	20.01	74.49	306.87	27.5	11.26
Levered Free Cash Flow	-3.06	-130.56	63.73	-1,177	-
Unlevered Free Cash Flow	83.43	-13.96	84.89	-1,113	-
Change in Working Capital	503.02	-244.53	212.13	-706.27	-65.21

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