IST:TTRAK 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	454.8	7,514	13,488	4,310	1,322
Depreciation & Amortization	2,115	1,744	1,189	674.17	121.78
Other Amortization	760.44	685.8	513.82	266.64	38.77
Loss (Gain) From Sale of Assets	-2.89	-14.84	-24.25	-	-2.13
Asset Writedown & Restructuring Costs	-	-	7.08	-	46.04
Loss (Gain) From Sale of Investments	-16.28	-7.25	-18.2	-28.14	-
Provision & Write-off of Bad Debts	-0.65	-1.25	-1.49	11.96	0.04
Other Operating Activities	1,210	2,527	791.21	1,491	-39.11
Change in Accounts Receivable	1,836	559.63	220.68	-52.63	-468.87
Change in Inventory	3,528	3,372	-3,419	-1,187	-868.18
Change in Accounts Payable	-4,700	-8,620	2,251	1,594	931.3
Change in Unearned Revenue	120.79	795.56	-	-	16.81
Change in Other Net Operating Assets	920.99	-2,331	-725.62	-253.19	-212.59
Operating Cash Flow	6,225	6,223	14,272	6,827	886.05
Operating Cash Flow Growth	0.04%	-56.40%	109.07%	670.45%	-44.59%
Capital Expenditures	-2,126	-3,593	-2,506	-1,609	-322.89
Sale of Property, Plant & Equipment	144.54	54.56	39.25	9.15	2.78
Sale (Purchase) of Intangibles	-1,479	-1,417	-	-	-
Investment in Securities	-23.7	-17.02	894.48	-669.2	-
Other Investing Activities	98.6	807.24	-	-	-42.1
Investing Cash Flow	-3,386	-4,166	-1,573	-2,269	-362.21
Long-Term Debt Issued	17,292	12,679	10,598	7,630	50
Long-Term Debt Repaid	-11,392	-7,317	-10,155	-4,831	-322.35
Net Debt Issued (Repaid)	5,900	5,363	442.68	2,799	-272.35
Common Dividends Paid	-5,768	-13,997	-4,541	-2,789	-850
Other Financing Activities	-3,579	-902.33	1,636	-675.56	44.1
Financing Cash Flow	-3,447	-9,537	-2,463	-666.17	-1,078
Foreign Exchange Rate Adjustments	731.38	231.18	905.38	-937.23	238.14
Miscellaneous Cash Flow Adjustments	-2,033	-7,038	-4,035	-	-
Net Cash Flow	-1,909	-14,287	7,107	2,954	-316.26
Free Cash Flow	4,099	2,630	11,766	5,218	563.16
Free Cash Flow Growth	55.85%	-77.65%	125.50%	826.53%	-61.68%
Free Cash Flow Margin	7.61%	3.00%	13.95%	12.60%	4.84%
Free Cash Flow Per Share	40.96	26.28	117.58	52.14	5.63
Cash Interest Paid	5,597	4,404	1,228	1,059	121.11
Cash Income Tax Paid	429.9	3,219	3,334	628.41	259.38
Levered Free Cash Flow	-2,491	-6,999	7,638	-187.26	88.89
Unlevered Free Cash Flow	2,384	-2,544	9,987	1,319	477.4
Change in Working Capital	1,705	-6,224	-1,673	100.98	-601.53

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