IST:SANKO 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	-66.06	-261.12	-91.26	-309.24	128.02	Upgrade
Depreciation & Amortization	17.97	22.3	16.14	21.03	8.07	Upgrade
Other Amortization	0.02	0.08	0.06	0.12	0.15	Upgrade
Loss (Gain) From Sale of Assets	0.05	-	-	-	-2.87	Upgrade
Asset Writedown & Restructuring Costs	-13.37	210.2	-115.71	-3.31	-	Upgrade
Provision & Write-off of Bad Debts	5.08	-	-5.41	-2.86	-1.94	Upgrade
Other Operating Activities	135.12	82.4	294.66	-171.79	17.31	Upgrade
Change in Accounts Receivable	-346.81	-306.31	-216.67	-275.02	-320.3	Upgrade
Change in Inventory	10.14	3.66	3.12	-2.68	-4.68	Upgrade
Change in Accounts Payable	-157.31	351.7	282.44	439.12	256.3	Upgrade
Change in Other Net Operating Assets	13.6	-156.05	6.89	122.83	3.3	Upgrade
Operating Cash Flow	-401.55	-53.14	174.25	-181.8	83.36	Upgrade
Capital Expenditures	-0.73	-2.66	-1.74	-2.18	-0.38	Upgrade
Sale of Property, Plant & Equipment	0.29	-	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-	-0.15	Upgrade
Investing Cash Flow	-0.44	-2.66	-1.74	-2.18	-0.53	Upgrade
Common Dividends Paid	-	-	-151.6	-172.48	-15	Upgrade
Other Financing Activities	93.82	136.75	93.35	482.7	-	Upgrade
Financing Cash Flow	93.82	136.75	-58.25	310.21	-15	Upgrade
Foreign Exchange Rate Adjustments	-	-	115.82	72.96	17.89	Upgrade
Miscellaneous Cash Flow Adjustments	-143.39	-233.71	-227.23	-	-	Upgrade
Net Cash Flow	-451.57	-152.75	2.85	199.19	85.72	Upgrade
Free Cash Flow	-402.28	-55.8	172.51	-183.98	82.98	Upgrade
Free Cash Flow Margin	-5.89%	-0.55%	1.88%	-2.66%	4.63%	Upgrade
Free Cash Flow Per Share	-2.68	-0.37	1.15	-1.06	0.55	Upgrade
Cash Income Tax Paid	29.85	58.52	72.1	100.63	14.59	Upgrade
Levered Free Cash Flow	-297.37	-250.29	89.84	223.4	-17.51	Upgrade
Unlevered Free Cash Flow	-251.69	-195.98	139.45	244.43	-13.5	Upgrade
Change in Working Capital	-480.37	-107	75.77	284.25	-65.38	Upgrade

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