IST:ERSU 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	-123.05	-8	-11.07	-39.31	0.55	Upgrade
Depreciation & Amortization	27.8	21.28	29.95	5.03	2.77	Upgrade
Other Amortization	0.19	-	-	-	-	Upgrade
Asset Writedown & Restructuring Costs	-	-	0.06	-	-	Upgrade
Other Operating Activities	92.49	-8.33	-24.91	22.1	-2.91	Upgrade
Change in Accounts Receivable	0.11	12.17	-10.88	-2.82	4.32	Upgrade
Change in Inventory	23.38	-28.4	34.86	-2.91	-6.94	Upgrade
Change in Accounts Payable	-6.51	1.43	-	17.17	-0.17	Upgrade
Change in Unearned Revenue	-0	-0.55	-3.67	8.09	2.72	Upgrade
Change in Other Net Operating Assets	-92.81	-19.19	-12.95	-4.16	-0.41	Upgrade
Operating Cash Flow	-78.41	-29.57	1.38	3.22	-0.06	Upgrade
Operating Cash Flow Growth	-	-	-57.08%	-	-	Upgrade
Capital Expenditures	-8.34	-7.27	-2.71	-0.82	-0.27	Upgrade
Sale of Property, Plant & Equipment	-	157.07	-	-	0.14	Upgrade
Investing Cash Flow	-8.34	149.8	-2.71	-0.82	-0.13	Upgrade
Foreign Exchange Rate Adjustments	-28.57	-0.37	-	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-1.46	-	-	Upgrade
Net Cash Flow	-115.32	119.86	-2.79	2.4	-0.19	Upgrade
Free Cash Flow	-86.75	-36.84	-1.33	2.4	-0.33	Upgrade
Free Cash Flow Margin	-53.48%	-23.39%	-1.14%	1.95%	-1.34%	Upgrade
Free Cash Flow Per Share	-2.41	-1.02	-0.04	0.07	-0.01	Upgrade
Cash Income Tax Paid	0.4	5.65	-0.28	6.72	0.18	Upgrade
Levered Free Cash Flow	21.44	-26.34	0.51	-18.39	0.26	Upgrade
Unlevered Free Cash Flow	21.97	-25.89	0.86	-17.96	0.63	Upgrade
Change in Working Capital	-75.84	-34.53	7.36	15.39	-0.47	Upgrade

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