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 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	62.18	-130.94	-210.84	-937.27	2,602	139.6
Depreciation & Amortization	779.72	771.96	856.33	495.2	223.59	10.49
Other Amortization	5.37	5.37	3.45	1.88	9.63	0.32
Other Operating Activities	-3,467	-1,108	110.02	-433.88	-158.56	-49.62
Change in Accounts Receivable	1,229	-1,057	3,093	-2,221	-3,460	69.43
Change in Inventory	1,642	113.63	968.94	95.93	445.93	-309.05
Change in Accounts Payable	-311.8	4,643	1,678	2,717	1,010	644.03
Change in Other Net Operating Assets	-1,884	-1,503	-1,852	-686.82	712.01	-277.51
Operating Cash Flow	-1,945	1,734	4,647	-969.24	1,385	227.69
Operating Cash Flow Growth	-	-62.68%	-	-	508.35%	-
Capital Expenditures	-1,296	-1,650	-1,272	-1,807	-867.78	-99.78
Sale of Property, Plant & Equipment	22.73	68.09	791.45	360.76	61.12	2.97
Sale (Purchase) of Intangibles	-3.01	-2.82	-11.09	-8.41	-15.34	-2.69
Sale (Purchase) of Real Estate	85.87	85.87	-53.15	-	-	-
Investment in Securities	-	-	-256.94	-133	-	-
Other Investing Activities	560.59	33.41	325	-321.29	-120.49	-133.92
Investing Cash Flow	-629.75	-1,466	-476.64	-1,909	-942.48	-233.42
Long-Term Debt Issued	-	11,681	7,377	13,141	6,162	630.94
Long-Term Debt Repaid	-	-12,955	-6,714	-9,931	-4,762	-464.66
Net Debt Issued (Repaid)	1,432	-1,274	663.84	3,210	1,399	166.28
Issuance of Common Stock	-	-	-	-	-	106.47
Common Dividends Paid	-	-	-	-473.12	-	-
Other Financing Activities	999.72	866.3	-2,263	-1,295	-775.63	-136.6
Financing Cash Flow	2,431	-408.06	-1,599	1,442	623.83	136.15
Foreign Exchange Rate Adjustments	85.25	265.44	-143.58	398.93	87.17	40.64
Net Cash Flow	-58.18	125.93	2,428	-1,037	1,154	171.06
Free Cash Flow	-3,241	84	3,376	-2,776	517.38	127.91
Free Cash Flow Growth	-	-97.51%	-	-	304.48%	-
Free Cash Flow Margin	-4.82%	0.13%	5.27%	-4.85%	1.37%	1.37%
Free Cash Flow Per Share	-	0.11	4.50	-3.94	0.72	0.17
Cash Interest Paid	1,035	1,035	3,732	1,891	924.66	152.79
Levered Free Cash Flow	2,608	1,729	-962.94	-4,372	-2,253	-431.24
Unlevered Free Cash Flow	3,169	2,427	1,482	-3,152	-1,657	-325.54
Change in Working Capital	674.74	2,196	3,888	-95.17	-1,292	126.91

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