IST:MAALT 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	87.32	-119.48	-52.3	-98.96	44.06	16.69	Upgrade
Depreciation & Amortization	24.4	27.38	28.66	21.3	2.24	2.48	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	1.18	-0.04	Upgrade
Provision & Write-off of Bad Debts	-0.28	-	-	-	-	-	Upgrade
Other Operating Activities	531.11	316.12	394.6	-68.87	-21.27	-24.03	Upgrade
Change in Accounts Receivable	-0.3	-0.76	0.34	0.16	-0.05	-0.04	Upgrade
Change in Inventory	0	0	0	0	0	0	Upgrade
Change in Accounts Payable	229.27	-23.94	-34.43	107.56	7.83	0.18	Upgrade
Change in Unearned Revenue	-79.03	-	-	-	-	-	Upgrade
Change in Other Net Operating Assets	-278.81	-289.61	-26.51	-28.28	-1.01	0.01	Upgrade
Operating Cash Flow	513.69	-90.28	310.36	-67.1	32.99	-4.75	Upgrade
Operating Cash Flow Growth	209.13%	-	-	-	-	-	Upgrade
Capital Expenditures	-304.47	-813.25	-664.23	-174.02	-20.31	-0.32	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	5.89	0.01	Upgrade
Sale (Purchase) of Real Estate	-	-	-0.03	-	-	0.02	Upgrade
Other Investing Activities	-	-	1,840	-	15.25	-9.91	Upgrade
Investing Cash Flow	-304.47	-813.25	1,175	-174.02	0.83	-10.2	Upgrade
Other Financing Activities	43.95	169.05	85.34	-	-0.03	-0.01	Upgrade
Financing Cash Flow	43.95	169.05	85.34	-	-0.03	-0.01	Upgrade
Foreign Exchange Rate Adjustments	-509.87	-526.39	-91.3	-	-	-	Upgrade
Net Cash Flow	-256.69	-1,261	1,480	-241.11	33.79	-14.96	Upgrade
Free Cash Flow	209.22	-903.53	-353.87	-241.11	12.68	-5.07	Upgrade
Free Cash Flow Margin	517.84%	-2277.37%	-946.31%	-2578.41%	259.95%	-103.09%	Upgrade
Free Cash Flow Per Share	30.03	-129.69	-50.79	-45.88	2.41	-0.92	Upgrade
Cash Income Tax Paid	31.9	41.15	3.92	6.34	0.89	3.91	Upgrade
Levered Free Cash Flow	-61.75	-858.88	-597.07	-88.9	-13.81	-2.78	Upgrade
Unlevered Free Cash Flow	-61.75	-858.88	-597.07	-88.9	-13.81	-2.78	Upgrade
Change in Working Capital	-128.86	-314.31	-60.6	79.44	6.77	0.15	Upgrade

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