IST:MAALT 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	29.64	-156.38	-52.3	-98.96	44.06	Upgrade
Depreciation & Amortization	30.43	35.84	28.66	21.3	2.24	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	1.18	Upgrade
Provision & Write-off of Bad Debts	-0.28	-	-	-	-	Upgrade
Other Operating Activities	10.74	414.6	394.6	-68.87	-21.27	Upgrade
Change in Accounts Receivable	1.2	-0.99	0.34	0.16	-0.05	Upgrade
Change in Inventory	0	0	0	0	0	Upgrade
Change in Accounts Payable	185.5	-31.33	-34.43	107.56	7.83	Upgrade
Change in Other Net Operating Assets	-93.88	-379.9	-26.51	-28.28	-1.01	Upgrade
Operating Cash Flow	163.36	-118.17	310.36	-67.1	32.99	Upgrade
Capital Expenditures	-1,046	-1,064	-664.23	-174.02	-20.31	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	5.89	Upgrade
Sale (Purchase) of Real Estate	-	-	-0.03	-	-	Upgrade
Other Investing Activities	-	-	1,840	-	15.25	Upgrade
Investing Cash Flow	-1,046	-1,064	1,175	-174.02	0.83	Upgrade
Issuance of Common Stock	1,600	-	-	-	-	Upgrade
Other Financing Activities	116.84	220.61	85.34	-	-0.03	Upgrade
Financing Cash Flow	1,717	220.61	85.34	-	-0.03	Upgrade
Foreign Exchange Rate Adjustments	-138.75	-689	-91.3	-	-	Upgrade
Net Cash Flow	695.9	-1,651	1,480	-241.11	33.79	Upgrade
Free Cash Flow	-882.19	-1,183	-353.87	-241.11	12.68	Upgrade
Free Cash Flow Margin	-1768.08%	-2277.37%	-946.31%	-2578.41%	259.95%	Upgrade
Free Cash Flow Per Share	-126.62	-169.75	-50.79	-45.88	2.41	Upgrade
Cash Income Tax Paid	9.92	53.86	3.92	6.34	0.89	Upgrade
Levered Free Cash Flow	-834.42	-1,085	-597.07	-88.9	-13.81	Upgrade
Unlevered Free Cash Flow	-834.42	-1,085	-597.07	-88.9	-13.81	Upgrade
Change in Working Capital	92.83	-412.23	-60.6	79.44	6.77	Upgrade

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