IST:TUPRS 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	29,523	23,973	77,354	61,314	3,495
Depreciation & Amortization	14,435	12,439	8,663	6,227	842.81
Other Amortization	191.26	148.17	91.13	54.23	10.72
Loss (Gain) From Sale of Assets	12.96	9.47	-107.47	40.16	-107.68
Asset Writedown & Restructuring Costs	8,431	-3,664	-9,867	34,239	2,127
Loss (Gain) on Equity Investments	-1,272	-1,903	-1,518	15.54	-592.99
Provision & Write-off of Bad Debts	-	-	-	771.66	-
Other Operating Activities	16,082	24,891	10,121	5,781	-2,861
Change in Accounts Receivable	-4,214	27,995	-7,649	4,041	-12,099
Change in Inventory	16,552	5,321	22,543	4,169	-16,057
Change in Accounts Payable	-30,594	-49,635	16,521	-33,499	29,703
Change in Other Net Operating Assets	317.73	6,592	6,967	-659.04	-5,889
Operating Cash Flow	49,465	46,167	123,121	82,494	-1,429
Operating Cash Flow Growth	7.14%	-62.50%	49.25%	-	-
Capital Expenditures	-19,118	-18,077	-17,894	-5,298	-1,371
Sale of Property, Plant & Equipment	41.17	27.35	13.59	1,016	169.64
Cash Acquisitions	-1,349	-	-	-	-
Investment in Securities	1,010	1,157	15.74	-295.93	-435.71
Other Investing Activities	0.22	1,330	4,077	-2,989	80
Investing Cash Flow	-19,416	-15,564	-13,787	-7,568	-1,557
Long-Term Debt Issued	52,358	49,256	13,218	34,002	15,174
Long-Term Debt Repaid	-21,259	-81,570	-27,589	-47,595	-21,676
Net Debt Issued (Repaid)	31,099	-32,314	-14,371	-13,593	-6,502
Common Dividends Paid	-34,845	-63,828	-49,446	-	-
Other Financing Activities	3,890	20,570	13,610	-24,690	-4,534
Financing Cash Flow	144.02	-75,571	-50,207	-38,283	-11,036
Foreign Exchange Rate Adjustments	5,060	2,893	10,296	10,770	10,880
Miscellaneous Cash Flow Adjustments	-22,126	-43,018	-43,490	-25,092	-
Net Cash Flow	13,126	-85,092	25,933	22,321	-3,142
Free Cash Flow	30,346	28,089	105,227	77,195	-2,800
Free Cash Flow Growth	8.04%	-73.31%	36.31%	-	-
Free Cash Flow Margin	3.65%	2.65%	10.62%	8.42%	-1.84%
Free Cash Flow Per Share	15.75	14.58	54.61	52.89	-1.45
Cash Interest Paid	11,027	11,787	6,950	6,736	2,566
Cash Income Tax Paid	3,940	4,642	12,659	3,087	40.06
Levered Free Cash Flow	4,867	27,224	106,570	45,812	5,854
Unlevered Free Cash Flow	11,549	34,911	110,706	50,088	7,515
Change in Working Capital	-17,938	-9,726	38,383	-25,948	-4,343

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