IST:ECZYT 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	820.43	580.56	1,405	1,033	590.72	Upgrade
Depreciation & Amortization	0.01	0.08	0.12	0.09	0.02	Upgrade
Loss (Gain) From Sale of Investments	-	-	593.9	-411.35	-	Upgrade
Loss (Gain) on Equity Investments	-879.73	-787.36	-1,670	-1,110	-462.29	Upgrade
Other Operating Activities	173.51	405.48	283.83	99.03	15.1	Upgrade
Change in Accounts Receivable	0.14	0.17	0.29	0.99	22.21	Upgrade
Change in Accounts Payable	1.93	-0.8	0.51	-1.06	0.33	Upgrade
Change in Other Net Operating Assets	-1.01	-194.84	152.39	6.75	-0.73	Upgrade
Operating Cash Flow	115.28	3.28	766.28	-382.93	165.37	Upgrade
Operating Cash Flow Growth	3413.07%	-99.57%	-	-	-	Upgrade
Investment in Securities	-	-	55.72	-68.58	178.92	Upgrade
Other Investing Activities	662.9	774.79	582.15	227.03	103.74	Upgrade
Investing Cash Flow	662.9	774.79	637.87	158.45	282.66	Upgrade
Long-Term Debt Repaid	-0.04	-0.07	-0.05	-0.1	-0.02	Upgrade
Total Debt Repaid	-0.04	-0.07	-0.05	-0.1	-0.02	Upgrade
Net Debt Issued (Repaid)	-0.04	-0.07	-0.05	-0.1	-0.02	Upgrade
Common Dividends Paid	-796.1	-827.23	-411.96	-433.13	-130.2	Upgrade
Financing Cash Flow	-796.13	-827.29	-412.01	-433.23	-130.22	Upgrade
Foreign Exchange Rate Adjustments	12.07	10.37	206.62	75.69	9.39	Upgrade
Miscellaneous Cash Flow Adjustments	-185.61	-427	-473.26	-259.06	-	Upgrade
Net Cash Flow	-191.49	-465.85	725.5	-841.09	327.2	Upgrade
Free Cash Flow	115.28	3.28	766.28	-382.93	165.37	Upgrade
Free Cash Flow Growth	3413.07%	-99.57%	-	-	-	Upgrade
Free Cash Flow Per Share	1.10	0.03	7.30	-3.65	1.57	Upgrade
Cash Income Tax Paid	44.76	65.16	50.5	51.31	17.92	Upgrade
Levered Free Cash Flow	-24.42	-182.51	498.97	-457.76	51.36	Upgrade
Unlevered Free Cash Flow	-24.41	-182.5	499	-457.75	51.36	Upgrade
Change in Working Capital	1.06	-195.48	153.19	6.68	21.82	Upgrade

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