IST:ECOGR 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	93.48	1,179	2,048	138.98
Depreciation & Amortization	755	825.52	526.22	378.11
Provision & Write-off of Bad Debts	46.27	6.77	1.97	1.22
Other Operating Activities	-1,036	48.21	879.24	912.5
Change in Accounts Receivable	100.77	-135.78	-199.68	-89.97
Change in Inventory	10.98	71.21	78.43	-129.89
Change in Accounts Payable	380.45	204.8	-459.36	-333.65
Change in Unearned Revenue	-308.26	87.5	668.16	-16.03
Change in Other Net Operating Assets	1,139	732.85	1,764	-2,150
Operating Cash Flow	1,182	3,020	5,307	-1,289
Operating Cash Flow Growth	-77.73%	-43.10%	-	-
Capital Expenditures	-346.68	-770.11	-9,217	-1,541
Sale of Property, Plant & Equipment	194.54	21.94	-	-
Sale (Purchase) of Intangibles	-3.39	-3.65	-12.62	-18.77
Sale (Purchase) of Real Estate	47.72	22.14	-36.32	-
Investment in Securities	-	-	-	0.11
Other Investing Activities	147.72	675.26	323.51	86.18
Investing Cash Flow	39.92	-54.42	-8,942	-1,474
Long-Term Debt Issued	-	4,282	4,699	4,638
Long-Term Debt Repaid	-	-4,983	-1,375	-1,318
Net Debt Issued (Repaid)	142.81	-700.56	3,324	3,321
Issuance of Common Stock	-	-	351.13	-
Other Financing Activities	-1,099	-2,115	-737.56	-919.25
Financing Cash Flow	-956.52	-2,816	2,938	2,402
Miscellaneous Cash Flow Adjustments	55.05	55.05	247.31	506.23
Net Cash Flow	320.54	204.57	-450.03	145.45
Free Cash Flow	835.42	2,250	-3,910	-2,830
Free Cash Flow Margin	14.33%	54.94%	-186.30%	-274.48%
Free Cash Flow Per Share	1.83	4.93	-14.49	-15.70
Cash Interest Paid	1,099	2,115	737.56	919.25
Levered Free Cash Flow	-	945.77	-6,256	-
Unlevered Free Cash Flow	-	952.9	-6,254	-
Change in Working Capital	1,323	960.58	1,852	-2,720

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