IST:TKNSA 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	-2,251	-1,858	1,079	522.87	131.46
Depreciation & Amortization	2,114	1,816	1,150	673	141.87
Loss (Gain) From Sale of Assets	19.96	-1.33	-0	0.87	0.13
Asset Writedown & Restructuring Costs	11.66	-1.19	-	-2.62	-0.34
Provision & Write-off of Bad Debts	1.75	1.46	0.53	0.13	-0.01
Other Operating Activities	428.77	-1,294	-1,173	1,309	239.87
Change in Accounts Receivable	-482.19	-363.61	-708.39	-469.93	-52.62
Change in Inventory	1,457	1,804	-3,941	-2,563	-660.93
Change in Accounts Payable	164.67	4,934	7,728	3,514	1,042
Change in Other Net Operating Assets	69.18	482.62	267.35	-128.33	-34.49
Operating Cash Flow	1,533	5,519	4,404	2,855	806.84
Operating Cash Flow Growth	-72.22%	25.33%	54.22%	253.91%	121.52%
Capital Expenditures	-403.05	-675.12	-670.25	-318.66	-55.28
Sale of Property, Plant & Equipment	134.81	11.53	5.38	8.45	0.57
Sale (Purchase) of Intangibles	-550.57	-453.83	-169.75	-25.49	-15.34
Other Investing Activities	281.79	553.36	424.72	100.23	14.02
Investing Cash Flow	-537.02	-564.07	-409.91	-235.48	-56.03
Short-Term Debt Issued	26,415	18,554	906.78	363.93	127.5
Total Debt Issued	26,415	18,554	906.78	363.93	127.5
Short-Term Debt Repaid	-22,687	-18,358	-507.34	-138.82	-534.14
Long-Term Debt Repaid	-1,048	-959.09	-657.89	-234.46	-138.91
Total Debt Repaid	-23,735	-19,317	-1,165	-373.28	-673.05
Net Debt Issued (Repaid)	2,680	-763.15	-258.46	-9.35	-545.55
Issuance of Common Stock	-	-	-	-	275.66
Other Financing Activities	-3,858	-4,618	-2,351	-795.55	-177.52
Financing Cash Flow	-1,177	-5,381	-2,610	-804.9	-447.42
Foreign Exchange Rate Adjustments	98.3	187.76	254.21	118.76	13.81
Miscellaneous Cash Flow Adjustments	-789.79	-1,591	-1,500	-1,211	-
Net Cash Flow	-872.38	-1,829	138.01	723.09	317.21
Free Cash Flow	1,130	4,844	3,733	2,537	751.57
Free Cash Flow Growth	-76.67%	29.74%	47.17%	237.53%	119.78%
Free Cash Flow Margin	1.35%	5.33%	5.46%	7.75%	9.99%
Free Cash Flow Per Share	5.62	24.10	18.57	12.62	4.72
Cash Interest Paid	-	-	-	-	177.52
Cash Income Tax Paid	-	40.68	335.56	137.47	-
Levered Free Cash Flow	-3,444	-10.11	-301.59	310.19	579.5
Unlevered Free Cash Flow	-2,481	857.92	-54.48	427.37	632.01
Change in Working Capital	1,209	6,857	3,346	352.59	293.86

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