IST:DAPGM Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	767.86	828.01	2,322	1,946	312.29
Depreciation & Amortization	30.58	31.82	23.19	10.06	0.96
Other Operating Activities	1,227	372.83	175.22	698.16	85.76
Change in Accounts Receivable	260.38	-704.21	-2,851	-5,412	-906.2
Change in Inventory	-1,096	72.58	-107.45	34.97	-60.29
Change in Accounts Payable	-56.89	-37.58	-53.2	22.91	-61.43
Change in Other Net Operating Assets	-1,123	-185.39	292.77	2,374	58.98
Operating Cash Flow	15.8	378.07	-198.68	-325.88	-569.93
Capital Expenditures	0.06	-	-	-154.14	-5.35
Sale of Property, Plant & Equipment	-0.34	1.96	0.44	0.54	0
Divestitures	-	-	-	-	0.1
Sale (Purchase) of Intangibles	-21.94	-28.89	-23.7	-1.69	-0.34
Other Investing Activities	-7.97	-0.17	-148.25	-30.87	-0.04
Investing Cash Flow	-30.19	-27.09	-171.51	-186.17	-5.63
Long-Term Debt Issued	-	-	525.31	336.16	440.42
Long-Term Debt Repaid	-	-599.38	-	-	-
Net Debt Issued (Repaid)	-292.53	-599.38	525.31	336.16	440.42
Issuance of Common Stock	-	0.04	1,486	-	190
Repurchase of Common Stock	-17.88	-7.51	-	-	-
Other Financing Activities	-	-	-	-1.32	0
Financing Cash Flow	-310.42	-606.84	2,011	334.83	630.42
Net Cash Flow	-207.25	-255.87	1,641	-177.22	54.86
Free Cash Flow	15.86	378.07	-198.68	-480.03	-575.28
Free Cash Flow Margin	0.28%	5.57%	-1.93%	-6.14%	-63.05%
Free Cash Flow Per Share	0.01	-	-0.08	-0.20	-0.46
Cash Income Tax Paid	-	0.17	114.16	0.86	0.04
Levered Free Cash Flow	-396.01	2,539	909.76	1,725	-
Unlevered Free Cash Flow	-84.54	2,815	1,122	1,800	-
Change in Working Capital	-2,016	-854.59	-2,719	-2,980	-968.94

Source: S&P Global Market Intelligence. Standard template. Financial Sources.