IST:AGESA Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	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	2020 - 2016
Net Income	5,555	2,871	1,390	874.58	451.81	Upgrade
Depreciation & Amortization	182.91	96.01	39.68	29.27	24.52	Upgrade
Other Amortization	291.62	166.56	109.94	64.08	36.85	Upgrade
Other Operating Activities	4,420	4,422	2,457	1,381	627.27	Upgrade
Operating Cash Flow	10,450	7,556	3,997	2,349	1,140	Upgrade
Operating Cash Flow Growth	38.30%	89.05%	70.16%	105.95%	109.16%	Upgrade
Capital Expenditures	-1,820	-860.33	-471.77	-231.78	-165.26	Upgrade
Sale of Property, Plant & Equipment	23.89	4.02	0.25	1.58	3.76	Upgrade
Investment in Securities	-10,959	-5,435	-3,828	-2,423	-1,099	Upgrade
Other Investing Activities	5,341	2,693	1,341	641.02	345.07	Upgrade
Investing Cash Flow	-7,414	-3,598	-2,959	-2,013	-915.64	Upgrade
Total Debt Repaid	-174.35	-116.24	-24.83	-12.62	-13.92	Upgrade
Net Debt Issued (Repaid)	-174.35	-116.24	-24.83	-12.62	-13.92	Upgrade
Issuance of Common Stock	-	-	40	-	-	Upgrade
Common Dividends Paid	-942.2	-281.81	-141.11	-	-200.19	Upgrade
Other Financing Activities	-13.62	-55.44	-44.78	-	-	Upgrade
Financing Cash Flow	-1,130	-453.49	-170.73	-12.62	-214.11	Upgrade
Foreign Exchange Rate Adjustments	0.7	-3.58	52.55	-0.37	41.34	Upgrade
Net Cash Flow	1,907	3,501	919.96	323.21	52.06	Upgrade
Free Cash Flow	8,630	6,696	3,525	2,117	975.2	Upgrade
Free Cash Flow Growth	28.89%	89.95%	66.51%	117.08%	104.39%	Upgrade
Free Cash Flow Margin	19.09%	28.01%	23.33%	28.36%	19.49%	Upgrade
Free Cash Flow Per Share	47.95	37.20	19.58	11.76	5.42	Upgrade
Cash Interest Paid	-	16.23	10.68	-	-	Upgrade
Cash Income Tax Paid	2,199	1,010	453.03	251.43	145.07	Upgrade
Levered Free Cash Flow	-170,548	-83,710	-65,220	-32,411	-12,872	Upgrade
Unlevered Free Cash Flow	-170,548	-83,710	-65,220	-32,411	-12,872	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.