IST:BYDNR 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-148.74	-117.24	200.44	131.68
Depreciation & Amortization	570.73	403.35	491.8	341.18
Loss (Gain) on Equity Investments	0.55	-	-1.18	-
Provision & Write-off of Bad Debts	-	-	-	0.36
Other Operating Activities	-341.91	-147.38	-86.21	-60.61
Change in Accounts Receivable	-8.82	7.49	-57.96	11.14
Change in Inventory	36.3	-10.85	-28.2	-75.53
Change in Accounts Payable	114.58	184.44	80.54	6.62
Change in Unearned Revenue	-	-	-	-48.19
Change in Other Net Operating Assets	-395.02	-327.37	-46.63	30.83
Operating Cash Flow	-175.62	-7.56	552.6	337.47
Operating Cash Flow Growth	-	-	63.75%	-
Capital Expenditures	-773.76	-307.92	-653.28	-84.79
Sale of Property, Plant & Equipment	7.54	4.11	10.84	0.34
Sale (Purchase) of Intangibles	-	-	-	-2.48
Investment in Securities	-32.5	-32.5	-	-
Other Investing Activities	173.44	246.01	116.43	-
Investing Cash Flow	-625.28	-90.29	-526.01	-86.93
Long-Term Debt Issued	-	454.92	306.1	254.84
Long-Term Debt Repaid	-	-55.59	-175.85	-443.12
Net Debt Issued (Repaid)	633.52	399.34	130.25	-188.28
Issuance of Common Stock	-	-	394.6	-
Other Financing Activities	-228.37	-308.71	-182.37	6.19
Financing Cash Flow	350.49	90.63	342.48	-182.09
Foreign Exchange Rate Adjustments	0.03	0.03	0.02	-
Miscellaneous Cash Flow Adjustments	-143.36	-67	-90.3	-
Net Cash Flow	-593.75	-74.19	278.79	68.45
Free Cash Flow	-949.38	-315.48	-100.68	252.67
Free Cash Flow Margin	-30.87%	-10.01%	-3.59%	16.30%
Free Cash Flow Per Share	-11.72	-4.38	-1.40	3.61
Cash Interest Paid	228.37	308.71	179.64	-
Cash Income Tax Paid	21.17	68.51	41.31	-78.14
Levered Free Cash Flow	-351.44	76.34	-143.19	-
Unlevered Free Cash Flow	-240.52	221.29	-67	-
Change in Working Capital	-252.95	-146.29	-52.25	-75.14

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