IST:OZATD 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-127.23	294.97	744.29
Depreciation & Amortization	293.86	250.46	371.32
Other Operating Activities	-577.29	-467.58	-882.06
Change in Accounts Receivable	-417.91	-66.61	26.89
Change in Inventory	-21.45	5.62	5.97
Change in Accounts Payable	-11.86	-382.03	-19.71
Change in Unearned Revenue	204.36	-25.08	-89.93
Change in Other Net Operating Assets	1,086	-1,193	99.56
Operating Cash Flow	428.23	-1,583	256.33
Capital Expenditures	-1,019	-473.33	-490.73
Sale of Property, Plant & Equipment	4.37	-	-
Investing Cash Flow	-1,014	-473.33	-490.73
Long-Term Debt Issued	1,048	2,517	256.79
Long-Term Debt Repaid	-642.44	-1,924	-80.85
Net Debt Issued (Repaid)	405.53	593.28	175.94
Issuance of Common Stock	-	1,627	30.32
Other Financing Activities	118.83	-187.62	-1.08
Financing Cash Flow	524.37	2,033	205.17
Net Cash Flow	-61.7	-23.38	-29.23
Free Cash Flow	-590.44	-2,056	-234.4
Free Cash Flow Margin	-24.03%	-89.54%	-8.09%
Free Cash Flow Per Share	-8.28	-32.58	-3906.63
Cash Interest Paid	106.56	375.21	-
Cash Income Tax Paid	409.19	216.63	13.17
Levered Free Cash Flow	-1,033	-677.01	-
Unlevered Free Cash Flow	-957.72	-428.78	-
Change in Working Capital	838.89	-1,661	22.77

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