IST:ZEDUR 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	-4.31	77.21	281.45	191.36	271.52	-46.13
Depreciation & Amortization	50.62	50.73	63.86	37.94	12.82	0.59
Loss (Gain) From Sale of Assets	-2.82	-0.39	-8.27	-11.67	-	-
Loss (Gain) From Sale of Investments	-1.74	-1.74	-29.39	-53.89	1.9	-
Provision & Write-off of Bad Debts	-	-	-	-	-	-0.81
Other Operating Activities	17.16	-59.85	-267.13	-206.07	-501.78	40.96
Change in Accounts Receivable	-18.86	7.28	24.26	8.12	-11.35	-9.43
Change in Inventory	-1.5	5.91	-2.89	4.79	-2.54	-0.36
Change in Accounts Payable	-0.15	3.06	-3.16	-32.42	3.96	-5.1
Change in Unearned Revenue	-0.06	-0.23	-2.84	0.22	-	-19.91
Change in Other Net Operating Assets	2.52	2.28	1.96	46.18	22.71	65.75
Operating Cash Flow	40.86	84.26	57.86	-15.45	-202.74	25.57
Operating Cash Flow Growth	-56.14%	45.64%	-	-	-	-63.26%
Capital Expenditures	-6.7	-15.65	-18.9	-45.48	-120.65	-24.09
Sale of Property, Plant & Equipment	7.77	7.06	16.71	21.58	162.38	-
Other Investing Activities	-	-	-	-	12.64	-
Investing Cash Flow	1.07	-8.59	-2.19	-23.9	54.37	-24.09
Long-Term Debt Issued	-	159.5	144.95	83.58	607.81	24.82
Total Debt Issued	238.3	159.5	144.95	83.58	607.81	24.82
Long-Term Debt Repaid	-	-174.4	-168.9	-37.49	-460.39	-29.57
Net Debt Issued (Repaid)	86.1	-14.9	-23.95	46.08	147.42	-4.75
Other Financing Activities	-92.41	-56.72	-29.89	4.84	0.22	1.89
Financing Cash Flow	-6.31	-71.63	-53.84	50.92	147.64	-2.86
Miscellaneous Cash Flow Adjustments	-5.81	-3.38	-12.67	-	0.29	-
Net Cash Flow	29.8	0.66	-10.85	11.58	-0.45	-1.38
Free Cash Flow	34.16	68.62	38.96	-60.93	-323.39	1.48
Free Cash Flow Growth	-53.53%	76.12%	-	-	-	-97.06%
Free Cash Flow Margin	37.51%	49.04%	27.80%	-42.28%	-2116.21%	2.91%
Free Cash Flow Per Share	0.20	0.39	0.22	-0.35	-1.85	0.01
Cash Interest Paid	75.17	54.14	22.81	12.85	-	-
Cash Income Tax Paid	-	-	4.5	-	-	-
Levered Free Cash Flow	-31.88	21.9	33.94	-51.72	-145.76	35.33
Unlevered Free Cash Flow	15.1	55.73	48.19	-4.78	-144.78	36.46
Change in Working Capital	-18.06	18.3	17.34	26.88	12.79	30.96

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