IST:TGSAS 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	90.4	116.9	34.09	7.49	13.52
Depreciation & Amortization	2.94	2.27	0.4	0.59	0.51
Other Operating Activities	-17.48	2.67	-13.55	24.57	0.14
Change in Accounts Receivable	11,464	-15,981	1,422	-3,539	-304.47
Change in Inventory	-88.72	267.6	6.87	-90.25	-101.1
Change in Accounts Payable	-11,215	16,006	-1,298	3,739	430.74
Change in Other Net Operating Assets	-261.16	-257.59	-125.46	-150.82	-39.63
Operating Cash Flow	-24.32	157.27	26.37	-9.24	-0.3
Operating Cash Flow Growth	-	496.40%	-	-	-
Capital Expenditures	-	-7.73	-1.59	-	-2.56
Sale of Property, Plant & Equipment	19.83	-	-	1.36	-
Investment in Securities	1.34	-1.34	-	-	-
Other Investing Activities	0	-	-	-	-
Investing Cash Flow	21.17	-9.08	-1.59	1.36	-2.56
Long-Term Debt Issued	-	4.2	-	-	1.06
Long-Term Debt Repaid	-2.42	-	-1.09	-0.4	-
Net Debt Issued (Repaid)	-2.42	4.2	-1.09	-0.4	1.06
Issuance of Common Stock	-	23.95	-	5.8	-
Other Financing Activities	-62.69	-81.03	-65.61	40.8	0.42
Financing Cash Flow	-65.12	-52.88	-66.69	46.19	1.48
Miscellaneous Cash Flow Adjustments	-	-0	-	0	-
Net Cash Flow	-68.27	95.32	-41.91	38.31	-1.38
Free Cash Flow	-24.32	149.54	24.78	-9.24	-2.86
Free Cash Flow Growth	-	503.35%	-	-	-
Free Cash Flow Margin	-10.29%	72.00%	14.03%	-9.01%	-10.65%
Free Cash Flow Per Share	-1.62	9.97	1.65	-0.62	-0.19
Levered Free Cash Flow	-48.68	87.27	6,629	-3,748	-2,889
Unlevered Free Cash Flow	-44.47	90.28	6,630	-3,747	-2,888
Change in Working Capital	-100.18	35.43	5.44	-41.89	-14.46

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