Ulusal Faktoring A.S. 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	749.97	748.48	898.56	503.2	100.36	22
Depreciation & Amortization	118.99	117.51	25.6	8.06	5.25	3.31
Other Operating Activities	-3.21	6.54	106.27	95.75	6.53	2.49
Change in Accounts Receivable	-6,527	-5,037	-5,676	-2,037	-1,206	-438.32
Change in Other Net Operating Assets	5,837	3,397	4,713	1,507	782.52	352.28
Operating Cash Flow	175.77	-767.62	67.24	77.24	-311.36	-58.24
Operating Cash Flow Growth	-	-	-12.94%	-	-	-
Capital Expenditures	-49.41	-49.72	-72.58	-41.95	-4.71	-5.17
Sale of Property, Plant & Equipment	110.13	110.13	29.89	8.77	2.55	0.87
Sale (Purchase) of Intangibles	-29.82	-29.82	-6.72	-0.09	-2.04	-0.62
Other Investing Activities	-10.69	-10.69	75	-	-	-
Investing Cash Flow	20.21	19.9	25.58	-33.27	-4.21	-4.91
Long-Term Debt Issued	-	1,620	400	698.95	789.2	191.5
Long-Term Debt Repaid	-	-468.77	-340.5	-710.9	-468.75	-192.7
Net Debt Issued (Repaid)	441.85	1,151	59.5	-11.95	320.45	-1.2
Common Dividends Paid	-157.1	-157.1	-74.17	-11.15	-3.67	-
Other Financing Activities	-150	-150	-	-	-	76.63
Financing Cash Flow	134.75	844.13	-14.67	-23.1	316.78	75.43
Net Cash Flow	330.73	96.41	78.16	20.86	1.22	12.28
Free Cash Flow	126.36	-817.34	-5.34	35.28	-316.07	-63.41
Free Cash Flow Margin	1.41%	-9.78%	-0.09%	1.51%	-39.00%	-17.06%
Free Cash Flow Per Share	0.12	-0.76	-0.01	0.03	-0.29	-0.07
Cash Interest Paid	5,706	5,386	3,510	975.55	424.24	236.51
Cash Income Tax Paid	304.04	218.63	511.29	213.89	45.72	11.09
Levered Free Cash Flow	-6,234	-4,674	-5,223	-1,654	-1,126	-431.41
Unlevered Free Cash Flow	-2,552	-1,218	-2,892	-931.85	-834.16	-275.2
Change in Working Capital	-689.98	-1,640	-963.2	-529.77	-423.5	-86.04