IST:TMSN 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	4,525	-456.04	971.02	387.21	50.57
Depreciation & Amortization	574.12	383.26	378.84	220.24	57.45
Loss (Gain) From Sale of Assets	-	-	-	-	-0.42
Asset Writedown & Restructuring Costs	-8,053	-	-	-	-
Loss (Gain) From Sale of Investments	-249.19	-534.25	-199.09	-120.78	-23.17
Provision & Write-off of Bad Debts	29.03	-9.88	-1.52	3.02	9.65
Other Operating Activities	2,653	1,125	930.62	315.66	76.97
Change in Accounts Receivable	1,721	-341.39	-1,139	-324.41	112.21
Change in Inventory	441.91	92.97	-643.99	495.82	-504.01
Change in Accounts Payable	-648.28	-915.03	-42.62	286.65	195.24
Change in Unearned Revenue	-	-5.1	-189.52	54.36	50.64
Change in Other Net Operating Assets	380	121.58	-124.66	-51.99	-47.02
Operating Cash Flow	1,373	-538.53	-60.37	1,266	-21.88
Capital Expenditures	-285.56	-227.57	-423.69	-393.6	-24.01
Sale of Property, Plant & Equipment	-	1.21	4.91	1.63	1.18
Sale (Purchase) of Intangibles	-411.82	-163.75	-91.3	-	-7.05
Sale (Purchase) of Real Estate	-	-	-	-	-0.79
Investment in Securities	-	262.8	66.84	27.3	-8.06
Other Investing Activities	-	-	-	-	13.46
Investing Cash Flow	-697.38	-127.3	-443.23	-364.66	-25.26
Long-Term Debt Issued	1,311	1,712	769.13	-	88.23
Long-Term Debt Repaid	-	-	-	-213.81	-
Net Debt Issued (Repaid)	1,311	1,712	769.13	-213.81	88.23
Other Financing Activities	-1,997	-1,181	-228.85	-117.74	-50.51
Financing Cash Flow	-686.12	530.63	540.28	-331.56	37.73
Miscellaneous Cash Flow Adjustments	-49.87	-131.64	-540	-48.66	-
Net Cash Flow	-60.01	-266.84	-503.33	520.88	-9.42
Free Cash Flow	1,088	-766.1	-484.06	872.16	-45.88
Free Cash Flow Margin	31.49%	-10.97%	-4.20%	12.55%	-4.09%
Free Cash Flow Per Share	-	-6.66	-4.21	7.58	-0.40
Cash Interest Paid	-	1,181	228.85	164.48	64.19
Cash Income Tax Paid	-	121.4	536.02	166.49	13.24
Levered Free Cash Flow	-2,751	-1,901	-1,899	-608.62	-102.62
Unlevered Free Cash Flow	-998.12	-1,116	-1,753	-504.73	-60.79
Change in Working Capital	1,894	-1,047	-2,140	460.42	-192.94

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