IST:TUKAS 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	512.29	1,023	1,676	1,863	182.09
Depreciation & Amortization	593.37	507.24	303.46	169.93	21.96
Loss (Gain) From Sale of Assets	-1.83	-41.74	-66.97	-10.34	-2.34
Asset Writedown & Restructuring Costs	-17.72	-4.05	-12.65	24.86	-26.9
Loss (Gain) From Sale of Investments	-142.57	-717.86	-	-	-
Provision & Write-off of Bad Debts	11.59	4.72	8.79	-4.51	7.75
Other Operating Activities	849.11	342.28	-1,246	-199.01	142.44
Change in Accounts Receivable	1.43	35.23	791.65	-579.12	-154.96
Change in Inventory	-2,096	-392.25	144.25	-701.34	-35.72
Change in Accounts Payable	154.19	-54.86	177.78	109.99	38.69
Change in Unearned Revenue	13	-9.69	-286.25	182.51	-
Change in Other Net Operating Assets	-320.35	-266.98	879.95	-946.39	5.95
Operating Cash Flow	-443.86	424.59	2,370	-90.35	178.97
Operating Cash Flow Growth	-	-82.08%	-	-	130.46%
Capital Expenditures	-2,264	-2,457	-2,008	-650.92	-45.11
Sale of Property, Plant & Equipment	14.79	59.69	64.45	31.79	4.86
Sale (Purchase) of Intangibles	-1.02	-	-	-	-0.11
Sale (Purchase) of Real Estate	-23.22	-	174.79	-	-1.39
Other Investing Activities	34.09	-	119.76	7.62	-59.78
Investing Cash Flow	-2,239	-2,398	-1,649	-611.51	-101.53
Long-Term Debt Issued	4,538	5,148	1,895	2,284	1,063
Long-Term Debt Repaid	-1,591	-2,166	-2,046	-1,177	-1,076
Net Debt Issued (Repaid)	2,947	2,982	-150.35	1,107	-12.91
Issuance of Common Stock	287.51	-	-	-	-
Repurchase of Common Stock	-	-287.51	-	-	-
Other Financing Activities	-536.99	-884.63	-498.86	-302.84	-70
Financing Cash Flow	2,698	1,810	-649.21	803.82	-82.91
Miscellaneous Cash Flow Adjustments	-7.25	-172.19	-	-	-
Net Cash Flow	7.6	-334.98	71.42	101.96	-5.47
Free Cash Flow	-2,708	-2,033	361.64	-741.27	133.86
Free Cash Flow Growth	-	-	-	-	505.31%
Free Cash Flow Margin	-31.14%	-22.71%	3.85%	-9.92%	12.57%
Free Cash Flow Per Share	-0.60	-0.45	0.08	-0.17	0.03
Cash Interest Paid	910.19	824.38	476.48	204.76	70
Cash Income Tax Paid	4.29	32.04	325.06	0.2	0.06
Levered Free Cash Flow	-2,669	-3,294	-863.5	-2,331	-79.6
Unlevered Free Cash Flow	-2,233	-2,826	-565.7	-2,203	-36.84
Change in Working Capital	-2,248	-688.54	1,707	-1,934	-146.03

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