IST:VSNMD 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	FY
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	-10.16	-25.6	201.81	276.47	264.59
Depreciation & Amortization	246.85	247.34	219.91	133.23	67.16
Loss (Gain) From Sale of Assets	0.94	1.34	4.33	1.12	0.48
Asset Writedown & Restructuring Costs	-	-	-23.61	-	-
Loss (Gain) From Sale of Investments	0.08	-0	0.03	-	-
Provision & Write-off of Bad Debts	0.16	-0.04	0.31	-	-
Other Operating Activities	-110.72	-12	-10.08	-47.33	-134.46
Change in Accounts Receivable	40.92	-0.71	-4.34	6.14	-60.84
Change in Inventory	3.25	-13.03	-6.2	-42.58	-29.55
Change in Accounts Payable	-12.38	-16.97	-43.25	-57.2	106.05
Change in Unearned Revenue	-1.25	-2.52	-1.16	-	-
Change in Income Taxes	-	-	-	-0.43	-7.04
Change in Other Net Operating Assets	56.3	-14.75	20.84	79.63	-71.16
Operating Cash Flow	214.01	163.07	358.59	349.06	135.22
Operating Cash Flow Growth	-40.32%	-54.52%	2.73%	158.14%	-
Capital Expenditures	-318.21	-287.53	-103.12	-402.67	-504.67
Sale of Property, Plant & Equipment	3.47	2.58	2.6	0.42	9.78
Other Investing Activities	13.27	13.27	-13.25	0.02	0.17
Investing Cash Flow	-311.04	-271.68	-113.76	-402.23	-494.72
Long-Term Debt Issued	-	255.77	236.51	98.09	479.32
Long-Term Debt Repaid	-	-158.24	-322.54	-	-
Net Debt Issued (Repaid)	-109.56	97.53	-86.03	98.09	479.32
Other Financing Activities	18.76	-38.94	-52.89	-64.85	-52.31
Financing Cash Flow	576.5	58.59	-138.93	33.24	427.01
Miscellaneous Cash Flow Adjustments	-30.91	-24.34	-30.2	-22.15	-15.44
Net Cash Flow	448.56	-74.36	75.7	-42.08	52.06
Free Cash Flow	-104.2	-124.46	255.47	-53.61	-369.45
Free Cash Flow Margin	-10.14%	-11.17%	17.96%	-3.84%	-39.98%
Free Cash Flow Per Share	-0.99	-1.25	5.90	-1.68	-11.54
Cash Interest Paid	24.94	29.06	52.9	66.66	59.7
Cash Income Tax Paid	4.81	18.73	0.61	0.43	7.04
Levered Free Cash Flow	-	-93.62	-	-204.57	-
Unlevered Free Cash Flow	-	-73.66	-	-162.12	-
Change in Working Capital	86.85	-47.98	-34.11	-14.44	-62.54

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