IST:VANGD 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	223.87	-11.92	-51.35	26.62	15.24	Upgrade
Depreciation & Amortization	2.49	2.4	1.06	0.77	0.21	Upgrade
Loss (Gain) From Sale of Assets	-0.06	-0.98	-	-	-0.06	Upgrade
Asset Writedown & Restructuring Costs	-288.44	14.31	49.14	-50.53	-17.23	Upgrade
Loss (Gain) From Sale of Investments	0	0.48	-0.52	1.38	-0	Upgrade
Loss (Gain) on Equity Investments	-	-	-	-	0.05	Upgrade
Provision & Write-off of Bad Debts	-	-	0.01	-0.13	-	Upgrade
Other Operating Activities	60.28	3.31	-1.92	24.55	2.78	Upgrade
Change in Accounts Receivable	0.04	-1.56	-8.39	-2.73	0.83	Upgrade
Change in Accounts Payable	-2.99	9.2	3.13	0.1	0.17	Upgrade
Change in Unearned Revenue	0.01	-	-	-	-	Upgrade
Change in Other Net Operating Assets	1.23	-2.41	8.9	7.22	-1.51	Upgrade
Operating Cash Flow	-3.56	12.85	0.06	7.25	0.49	Upgrade
Operating Cash Flow Growth	-	21842.30%	-99.19%	1375.08%	-	Upgrade
Capital Expenditures	-0.8	-10.84	-0.27	-2.01	-0.57	Upgrade
Sale of Property, Plant & Equipment	0.06	0.98	-	-	0.06	Upgrade
Sale (Purchase) of Real Estate	-	-	-0.56	-	-0.04	Upgrade
Investment in Securities	-0	3.16	0.91	-6.04	-0.13	Upgrade
Investing Cash Flow	-0.75	-6.7	0.09	-8.04	-0.68	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-0.11	-0.63	-	Upgrade
Net Cash Flow	-4.31	6.15	0.04	-1.43	-0.18	Upgrade
Free Cash Flow	-4.36	2.01	-0.21	5.24	-0.08	Upgrade
Free Cash Flow Margin	-3.05%	1.08%	-0.14%	11.37%	-0.66%	Upgrade
Free Cash Flow Per Share	-0.17	0.08	-0.01	0.21	-0.00	Upgrade
Cash Interest Paid	0	0.71	1.18	1.88	0.01	Upgrade
Cash Income Tax Paid	0.22	-0.15	0.14	-0.01	0.02	Upgrade
Levered Free Cash Flow	-6.81	-7.02	4.38	-6.18	-1.24	Upgrade
Unlevered Free Cash Flow	-6.81	-6.57	5.02	-6.11	-1.24	Upgrade
Change in Working Capital	-1.7	5.24	3.63	4.59	-0.5	Upgrade

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