Garanti Faktoring A.S. 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	2,130	1,438	1,045	350.74	131.94	Upgrade
Depreciation & Amortization	13.4	4.76	3.52	2.64	2.82	Upgrade
Other Amortization	30.08	13.13	4.68	6.68	7.04	Upgrade
Change in Other Net Operating Assets	-2,521	208.01	-3,218	-673.85	-83.81	Upgrade
Other Operating Activities	751.86	416.47	724.2	429.73	141.18	Upgrade
Operating Cash Flow	404.42	2,080	-1,441	115.94	199.16	Upgrade
Operating Cash Flow Growth	-80.56%	-	-	-41.78%	-	Upgrade
Capital Expenditures	-8.17	-0.23	-0.01	-0.01	-0.05	Upgrade
Sale of Property, Plant & Equipment	-	-	0.02	0.08	0.02	Upgrade
Sale (Purchase) of Intangibles	-102.29	-64.53	-22.83	-6.6	-6.85	Upgrade
Investing Cash Flow	-110.45	-64.76	-22.82	-6.53	-6.89	Upgrade
Long-Term Debt Issued	1,087	3,096	2,597	2,421	1,901	Upgrade
Long-Term Debt Repaid	-1,360	-5,139	-1,123	-2,608	-1,999	Upgrade
Net Debt Issued (Repaid)	-273.15	-2,043	1,473	-186.58	-98	Upgrade
Financing Cash Flow	-273.15	-2,043	1,473	-186.58	-98	Upgrade
Foreign Exchange Rate Adjustments	12.21	5.56	19.23	9.3	8.49	Upgrade
Net Cash Flow	33.02	-21.6	29.29	-67.86	102.76	Upgrade
Free Cash Flow	396.25	2,080	-1,441	115.93	199.1	Upgrade
Free Cash Flow Growth	-80.95%	-	-	-41.77%	-	Upgrade
Free Cash Flow Margin	11.56%	89.79%	-81.32%	20.70%	110.86%	Upgrade
Free Cash Flow Per Share	1.00	5.23	-3.62	0.29	0.50	Upgrade
Cash Interest Paid	6,336	3,115	1,861	474.09	314.43	Upgrade
Cash Income Tax Paid	855.98	458.54	372.33	90.09	2.74	Upgrade

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