IST:ODINE 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
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
Net Income	16.26	402.14	250.27	135.71	55.68
Depreciation & Amortization	45.3	11.39	7.62	4.16	2.94
Other Amortization	178.49	114.66	60.26	24.18	16.47
Loss (Gain) From Sale of Assets	-1.68	-0	-	-	-
Loss (Gain) From Sale of Investments	-32.79	-61.45	-28.89	30.14	-0.56
Provision & Write-off of Bad Debts	0.04	1.3	4.81	0.34	0.15
Other Operating Activities	218.42	83.37	199.58	9.24	6.77
Change in Accounts Receivable	-226.49	-202.15	-431.28	-149.32	-51.3
Change in Inventory	-45.54	4.66	10.62	-7.13	-6.7
Change in Accounts Payable	208.12	349.82	69.33	17.77	79.67
Change in Unearned Revenue	18.28	-165.14	-19.31	177.7	53.51
Change in Other Net Operating Assets	154.81	-281.43	328.47	-301.71	-7.94
Operating Cash Flow	533.21	257.14	451.47	-58.91	148.69
Operating Cash Flow Growth	107.36%	-43.04%	-	-	-
Capital Expenditures	-403.75	-472.79	-191.76	-86.29	-12.74
Sale of Property, Plant & Equipment	7.07	0.21	0.02	6.67	0.52
Investment in Securities	-241.33	-	-	-	-
Investing Cash Flow	-638.01	-472.58	-191.74	-79.62	-12.22
Long-Term Debt Repaid	-28.58	-7.44	-4.45	-3.68	-1.67
Net Debt Issued (Repaid)	-28.58	-7.44	-4.45	-3.68	-1.67
Issuance of Common Stock	-	628.3	27.23	-	-
Other Financing Activities	111.56	75.57	-84.61	0.29	13.3
Financing Cash Flow	82.98	696.44	-61.83	-3.39	11.63
Foreign Exchange Rate Adjustments	-142.48	-45.49	-42.26	10.8	-12.85
Net Cash Flow	-164.3	435.51	155.64	-131.12	135.24
Free Cash Flow	129.46	-215.64	259.71	-145.2	135.95
Free Cash Flow Margin	6.87%	-17.97%	33.67%	-44.26%	69.67%
Free Cash Flow Per Share	1.17	-2.04	3.12	-55.21	51.69
Cash Interest Paid	-	1.67	18.82	14.77	1.98
Cash Income Tax Paid	23.88	28.25	4.85	11.25	6.29
Levered Free Cash Flow	-389.18	-200.73	-241.21	36.53	-
Unlevered Free Cash Flow	-375.85	-197.01	-227.56	46.46	-
Change in Working Capital	109.17	-294.25	-42.17	-262.68	67.24

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