IST:ULAS Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-27.93	21.94	15.32	31.41	57.14	27.17
Depreciation & Amortization	0.48	0.67	0.31	0.26	0.1	0.11
Other Amortization	-	-	-	0	0	0
Loss (Gain) From Sale of Assets	-	-	-6.92	-	-	-0.67
Asset Writedown & Restructuring Costs	-	-	-26.49	-67.84	-57.98	-23.81
Loss (Gain) From Sale of Investments	-	-	-	-	0.27	-
Provision & Write-off of Bad Debts	-	-	-3.92	3.1	-	-
Other Operating Activities	-44	-46.59	4.75	15.39	1.01	3.99
Change in Accounts Receivable	42.2	64.39	-88.44	-	-1.96	-12.9
Change in Accounts Payable	-71.05	-96.51	13.72	-0.06	0.04	0.01
Change in Unearned Revenue	-14.89	-15.15	-15.83	-11.01	1.79	13.07
Change in Other Net Operating Assets	109.65	69.16	52.74	52.59	0.18	0.01
Operating Cash Flow	-5.53	-2.1	-54.75	23.83	0.58	6.98
Operating Cash Flow Growth	-	-	-	4004.68%	-91.68%	-
Capital Expenditures	-4.18	-4.18	-13.22	-	-0	-0.01
Sale of Property, Plant & Equipment	-	-	24.48	-	-	-
Sale (Purchase) of Real Estate	-	-	-	-	-	1.63
Other Investing Activities	105.27	105.12	-	2.02	-14.3	0.3
Investing Cash Flow	101.09	100.94	11.26	2.02	-14.3	1.92
Short-Term Debt Issued	-	0.22	0.02	-	-	-
Total Debt Issued	6.17	0.22	0.02	-	-	-
Long-Term Debt Repaid	-	-	-	-0.04	-0.07	-0.38
Net Debt Issued (Repaid)	6.17	0.22	0.02	-0.04	-0.07	-0.38
Other Financing Activities	-8.02	-7.47	-0.02	-2.11	-0	-0.05
Financing Cash Flow	-1.86	-7.25	0	-2.15	-0.08	-0.43
Miscellaneous Cash Flow Adjustments	-93.61	-91.5	-	-	-	-
Net Cash Flow	0.09	0.09	-43.49	23.69	-13.8	8.47
Free Cash Flow	-9.71	-6.28	-67.97	23.83	0.58	6.97
Free Cash Flow Growth	-	-	-	4017.30%	-91.69%	-
Free Cash Flow Margin	-451.59%	-	-103.72%	-	-	-
Free Cash Flow Per Share	-	-0.25	-2.68	0.94	0.02	0.27
Cash Interest Paid	-	-	0.02	2.11	0	0.05
Cash Income Tax Paid	0.02	0.02	-	1.78	1.89	-
Levered Free Cash Flow	22.43	153.08	-56.97	-10.43	-1.65	-0.4
Unlevered Free Cash Flow	33.21	159.58	-56.96	-9.17	-1.65	-0.37
Change in Working Capital	65.91	21.89	-37.81	41.51	0.04	0.18

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