IST:ISFIN 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	3,630	1,925	1,767	826.77	310.06	Upgrade
Depreciation & Amortization	30.9	25.11	18.84	12.42	6.91	Upgrade
Other Amortization	18.58	9.07	5.04	2.78	2.13	Upgrade
Change in Other Net Operating Assets	-12,527	-5,772	-608.38	-2,831	-1,283	Upgrade
Other Operating Activities	-882.3	1,662	846.72	237.78	558.79	Upgrade
Operating Cash Flow	-9,730	-2,151	2,029	-1,751	-405.34	Upgrade
Capital Expenditures	-48.33	-101.88	-83.48	-30.94	-9.37	Upgrade
Sale of Property, Plant & Equipment	32.64	102.04	88.59	2.01	0.57	Upgrade
Sale (Purchase) of Intangibles	-53.67	-34.39	-20.25	-8.97	-4.45	Upgrade
Investment in Securities	-	-5.71	-	-	7.04	Upgrade
Other Investing Activities	-100.82	-245.37	-11.59	-6.12	-2.39	Upgrade
Investing Cash Flow	-170.18	-285.31	-26.73	-44.03	-8.59	Upgrade
Long-Term Debt Issued	20,455	6,810	6,645	10,209	4,318	Upgrade
Long-Term Debt Repaid	-8,891	-5,718	-6,504	-8,523	-3,821	Upgrade
Net Debt Issued (Repaid)	11,564	1,092	141.29	1,686	497.33	Upgrade
Financing Cash Flow	11,564	1,092	141.29	1,686	497.33	Upgrade
Foreign Exchange Rate Adjustments	14.53	0.07	4.16	0.2	5.78	Upgrade
Net Cash Flow	1,679	-1,345	2,148	-108.79	89.18	Upgrade
Free Cash Flow	-9,778	-2,253	1,946	-1,782	-414.71	Upgrade
Free Cash Flow Margin	-212.82%	-58.15%	66.72%	-171.46%	-152.60%	Upgrade
Free Cash Flow Per Share	-14.06	-3.24	2.80	-2.56	-0.60	Upgrade
Cash Interest Paid	11,336	8,933	3,923	1,840	908.56	Upgrade
Cash Income Tax Paid	1,429	812.16	902.24	342.58	122.09	Upgrade

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