Vakif 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	1,963	1,925	1,707	1,505	546.72	116.29
Depreciation & Amortization	12.53	12.21	8.64	3.17	1.77	1.7
Other Amortization	0.66	0.66	0.71	1.28	1.1	0.86
Other Operating Activities	476.22	242.49	-601.53	372.12	-286.35	68.17
Change in Accounts Receivable	-14,369	-9,201	5,197	-14,098	-15,425	-1,096
Change in Other Net Operating Assets	10,947	6,062	-6,617	11,916	14,553	923.54
Operating Cash Flow	-969.78	-958.74	-305.18	-300.67	-609.16	14.07
Capital Expenditures	-3.4	-3.99	-5.42	-8.08	-4.12	-1.89
Sale of Property, Plant & Equipment	0.01	0.24	-	0.83	-	0.12
Investment in Securities	56.8	56.8	-	-	-	-
Other Investing Activities	-	-	-	-	-	-1.74
Investing Cash Flow	53.42	53.05	-5.42	-7.25	-4.12	-3.51
Long-Term Debt Issued	-	640.42	105.63	2,125	1,452	1,951
Long-Term Debt Repaid	-	-640.42	-	-1,514	-767.92	-1,960
Net Debt Issued (Repaid)	289.99	-	105.63	611.67	684.29	-8.56
Issuance of Common Stock	693.01	693.01	-	-	-	-
Financing Cash Flow	889.08	693.01	105.63	611.67	684.29	-8.56
Foreign Exchange Rate Adjustments	2.97	3.7	2.43	30.37	8.61	14.14
Net Cash Flow	-24.31	-208.98	-202.54	334.11	79.61	16.14
Free Cash Flow	-973.17	-962.73	-310.6	-308.75	-613.28	12.18
Free Cash Flow Margin	-11.09%	-10.05%	-2.43%	-3.56%	-25.25%	1.58%
Free Cash Flow Per Share	-1.07	-1.07	-0.36	-	-	-
Cash Interest Paid	5,456	6,283	10,949	5,475	1,589	515.78
Cash Income Tax Paid	834.62	814.44	722.64	539.2	116.12	33.11
Levered Free Cash Flow	-	-7,601	6,527	-13,493	-15,362	-1,088
Unlevered Free Cash Flow	-	-3,555	12,906	-10,172	-14,437	-727.68
Change in Working Capital	-3,423	-3,139	-1,420	-2,182	-872.4	-172.94

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