IST:FMIZP 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	FY 2021	FY 2020	2019 - 2015
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	79.67	109	23.73	70	66.69	30.53	Upgrade
Depreciation & Amortization	36.24	27.11	8.47	12.48	1.78	1.55	Upgrade
Loss (Gain) From Sale of Assets	-0.01	-0.41	-1	-	-	-	Upgrade
Other Operating Activities	-7.67	-4.85	9.99	-49.41	-0.35	0.54	Upgrade
Change in Accounts Receivable	-10.08	-23.1	-15.04	19.02	-18	-1.11	Upgrade
Change in Inventory	-16.25	7.96	-14.61	-9.87	-6.09	-5.34	Upgrade
Change in Accounts Payable	2.87	2.55	3.53	2.47	5.56	2.73	Upgrade
Change in Other Net Operating Assets	-0.65	7.16	1.9	6.42	-5.34	0.01	Upgrade
Operating Cash Flow	84.11	125.42	16.97	51.11	44.24	28.91	Upgrade
Operating Cash Flow Growth	5.17%	639.19%	-66.80%	15.51%	53.07%	-20.70%	Upgrade
Capital Expenditures	-1.75	-1.63	-5.68	-	-9.61	-0.15	Upgrade
Sale of Property, Plant & Equipment	-0.01	0.65	1.21	58.74	-	-	Upgrade
Investing Cash Flow	-1.76	-0.98	-4.47	58.74	-9.61	-0.15	Upgrade
Long-Term Debt Repaid	-	-2.43	-2.03	-2.13	-0.62	-0.44	Upgrade
Net Debt Issued (Repaid)	-2.82	-2.43	-2.03	-2.13	-0.62	-0.44	Upgrade
Common Dividends Paid	-10.07	-	-20.85	-133.05	-30.1	-32.62	Upgrade
Other Financing Activities	6.17	3.06	0.64	0.33	0.05	0.03	Upgrade
Financing Cash Flow	-6.72	0.63	-22.24	-134.85	-30.68	-33.03	Upgrade
Foreign Exchange Rate Adjustments	74.93	14.54	52.9	-	-	-	Upgrade
Net Cash Flow	150.56	139.6	43.15	-25	3.96	-4.28	Upgrade
Free Cash Flow	82.35	123.79	11.29	51.11	34.64	28.76	Upgrade
Free Cash Flow Growth	5.58%	996.63%	-77.91%	47.56%	20.45%	-12.45%	Upgrade
Free Cash Flow Margin	13.36%	18.32%	2.90%	8.50%	18.44%	32.98%	Upgrade
Free Cash Flow Per Share	5.77	8.67	0.79	3.58	2.43	2.01	Upgrade
Cash Income Tax Paid	45.04	37.73	8.11	14.37	14.34	7.55	Upgrade
Levered Free Cash Flow	71.72	91.35	61.47	45.3	-0.76	13.33	Upgrade
Unlevered Free Cash Flow	72.92	91.43	61.5	46.12	-0.57	13.45	Upgrade
Change in Working Capital	-24.12	-5.43	-24.22	18.03	-23.87	-3.71	Upgrade

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