IST:ULUUN Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-258.41	-161.08	-937.27	2,602	139.6	43.28
Depreciation & Amortization	769.08	654.23	495.2	223.59	10.49	13.6
Other Amortization	6.11	2.64	1.88	9.63	0.32	0.23
Other Operating Activities	-1,731	84.06	-433.88	-158.56	-49.62	-8.32
Change in Accounts Receivable	-6,894	2,363	-2,221	-3,460	69.43	110.24
Change in Inventory	-123.23	740.25	95.93	445.93	-309.05	-156.14
Change in Accounts Payable	6,789	1,282	2,717	1,010	644.03	-182.93
Change in Other Net Operating Assets	841.13	-1,415	-686.82	712.01	-277.51	-4.58
Operating Cash Flow	-601.07	3,551	-969.24	1,385	227.69	-184.62
Operating Cash Flow Growth	-	-	-	508.35%	-	-
Capital Expenditures	-1,332	-971.72	-1,807	-867.78	-99.78	-81.18
Sale of Property, Plant & Equipment	523.57	1,023	360.76	61.12	2.97	1.36
Sale (Purchase) of Intangibles	-0.48	-8.47	-8.41	-15.34	-2.69	-
Sale (Purchase) of Real Estate	-256.68	-214.04	-	-	-	-1.36
Investment in Securities	-196.3	-196.3	-133	-	-	-29.87
Other Investing Activities	-192.7	27.98	-321.29	-120.49	-133.92	-6.8
Investing Cash Flow	-1,455	-339.13	-1,909	-942.48	-233.42	-117.86
Long-Term Debt Issued	-	5,636	13,141	6,162	630.94	781.81
Long-Term Debt Repaid	-	-5,129	-9,931	-4,762	-464.66	-278.77
Net Debt Issued (Repaid)	-2,366	507.17	3,210	1,399	166.28	503.03
Issuance of Common Stock	-	-	-	-	106.47	22.03
Common Dividends Paid	-	-	-473.12	-	-	-
Other Financing Activities	1,223	-1,754	-1,295	-775.63	-136.6	-54.31
Financing Cash Flow	-1,143	-1,247	1,442	623.83	136.15	470.75
Foreign Exchange Rate Adjustments	246.34	-109.7	398.93	87.17	40.64	11.01
Net Cash Flow	-2,953	1,855	-1,037	1,154	171.06	179.28
Free Cash Flow	-1,934	2,579	-2,776	517.38	127.91	-265.8
Free Cash Flow Growth	-	-	-	304.48%	-	-
Free Cash Flow Margin	-4.41%	5.27%	-4.85%	1.37%	1.37%	-6.12%
Free Cash Flow Per Share	-2.58	3.44	-3.94	0.72	0.17	-0.35
Cash Interest Paid	820.66	2,851	1,891	924.66	152.79	67.28
Levered Free Cash Flow	200.69	711.67	-4,372	-2,253	-431.24	-260.61
Unlevered Free Cash Flow	823.92	2,580	-3,152	-1,657	-325.54	-218.56
Change in Working Capital	613.11	2,971	-95.17	-1,292	126.91	-233.41

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.