IST:TUCLK 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	-127.01	228.87	447.32	204.06	76.16
Depreciation & Amortization	116.74	138.77	105.36	27.26	11.87
Loss (Gain) From Sale of Assets	-56.3	-4.38	-19.9	-15.66	-91.74
Asset Writedown & Restructuring Costs	-0.85	28.17	-30.68	-	-
Provision & Write-off of Bad Debts	1.79	0.03	-0.07	2.61	-0.5
Other Operating Activities	-453.17	-18.54	-69.67	-4.8	-12.53
Change in Accounts Receivable	-303.19	126.42	7.45	-6.13	-132.8
Change in Inventory	-600.15	-33.82	-29.09	-17.03	-32.5
Change in Accounts Payable	402.16	-137.53	43.9	33.3	88.75
Change in Unearned Revenue	-59.84	59.31	-1.82	0.58	0.96
Change in Other Net Operating Assets	-325.69	90.64	-58.81	27.95	-31.69
Operating Cash Flow	-1,406	477.95	394.01	252.13	-124.02
Operating Cash Flow Growth	-	21.31%	56.27%	-	-
Capital Expenditures	-1,270	-121.86	-625.47	-804.29	-75.61
Sale of Property, Plant & Equipment	1,702	26.01	20.97	9	157.95
Sale (Purchase) of Real Estate	-	11.58	-	-	-
Investing Cash Flow	431.94	-84.27	-604.49	-795.29	82.34
Long-Term Debt Issued	1,189	-	541.66	424.14	109.38
Long-Term Debt Repaid	-	-237.85	-	-	-
Net Debt Issued (Repaid)	1,189	-237.85	541.66	424.14	109.38
Issuance of Common Stock	180	-	-	-	62.75
Other Financing Activities	-175.38	-421.36	-111.67	6.15	-15.66
Financing Cash Flow	1,193	-659.21	429.99	430.3	156.47
Foreign Exchange Rate Adjustments	-	-	-	-	-57.81
Miscellaneous Cash Flow Adjustments	-1.03	-119.77	-34.7	-	-
Net Cash Flow	218.79	-385.3	184.81	-112.86	56.98
Free Cash Flow	-2,676	356.09	-231.46	-552.15	-199.63
Free Cash Flow Margin	-134.86%	16.85%	-11.21%	-43.56%	-61.63%
Free Cash Flow Per Share	-7.43	1.98	-1.29	-3.07	-1.11
Cash Interest Paid	364.11	227.18	112.47	36.11	16.13
Cash Income Tax Paid	2.26	-	-	-	0.01
Levered Free Cash Flow	-1,923	-156.6	-927.98	-997.89	-112.36
Unlevered Free Cash Flow	-1,696	-14.61	-866.37	-975.33	-101.43
Change in Working Capital	-886.72	105.02	-38.36	38.67	-107.28

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