ÜNLÜ Yatirim Holding 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 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
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	2015 - 2019
Net Income	-90.02	117.44	52.2	-23.46	79.64	61.27	Upgrade
Depreciation & Amortization, Total	60.5	56.79	87.84	41.14	10.01	7.56	Upgrade
Change in Accounts Receivable	-334.65	-381.01	541.27	-102.16	-69.22	-87.34	Upgrade
Change in Accounts Payable	-160.84	167.15	21.35	-5.4	2.39	3.69	Upgrade
Change in Other Net Operating Assets	706.06	-321.97	576.23	-583.43	-1.84	-4.34	Upgrade
Other Operating Activities	315.91	-252.5	169.4	-106.14	33.08	15.05	Upgrade
Operating Cash Flow	484.36	-626.81	1,412	-817.26	30.9	-10.2	Upgrade
Capital Expenditures	-8.45	-10.83	-36.45	-24.3	-9.19	-1.13	Upgrade
Sale (Purchase) of Intangibles	-35.38	-32.49	-49.17	-19.2	-6.2	-3.44	Upgrade
Investment in Securities	-26.15	-	-	-	-34.4	-24.21	Upgrade
Other Investing Activities	2.78	3.42	1.99	0.73	28.06	9.84	Upgrade
Investing Cash Flow	-67.2	-39.9	-83.63	-42.76	-21.73	27.18	Upgrade
Long-Term Debt Issued	-	161,022	35,421	64,378	1,501	598.66	Upgrade
Total Debt Issued	117,006	161,022	35,421	64,378	1,501	598.66	Upgrade
Long-Term Debt Repaid	-	-160,422	-35,598	-63,675	-1,602	-566.15	Upgrade
Total Debt Repaid	-117,391	-160,422	-35,598	-63,675	-1,602	-566.15	Upgrade
Net Debt Issued (Repaid)	-384.87	599.88	-177.77	703.34	-100.71	32.51	Upgrade
Issuance of Common Stock	8.97	8.97	-	-	247.72	-	Upgrade
Repurchase of Common Stock	-1.44	-	-45.39	-	-	-	Upgrade
Common Dividends Paid	-	-	-99.31	-47.37	-	-	Upgrade
Other Financing Activities	-58.66	-233.31	-176.18	-65.86	-30.56	-30.89	Upgrade
Financing Cash Flow	-436	375.54	-498.65	590.11	116.44	1.62	Upgrade
Foreign Exchange Rate Adjustments	32.58	14.23	37.14	25.28	32.83	12.24	Upgrade
Net Cash Flow	-62.72	-443.01	618.23	-298.41	158.46	30.83	Upgrade
Free Cash Flow	475.91	-637.64	1,376	-841.56	21.72	-11.32	Upgrade
Free Cash Flow Margin	1.14%	-1.19%	3.95%	-4.37%	0.45%	-0.45%	Upgrade
Free Cash Flow Per Share	2.71	-3.64	7.86	-4.81	0.14	-0.08	Upgrade
Cash Interest Paid	303.24	545.32	375.73	133.61	30.56	30.89	Upgrade
Cash Income Tax Paid	2.22	97.56	161.38	86.94	21.55	0.48	Upgrade

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