Ihlas Haber Ajansi A.S. 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	FY 2020
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	Dec '20 Dec 31, 2020
Net Income	-60.28	-67.6	-95.1	-122.97	10.51	12.36
Depreciation & Amortization	45.08	43.79	33.73	19.02	3.01	1.86
Other Amortization	-0.08	0.37	0.64	0.48	0.06	0.02
Loss (Gain) From Sale of Assets	-0.16	-0.08	0.04	-1.27	-1.79	-0.03
Asset Writedown & Restructuring Costs	-0.65	-0.65	-6.37	-1.94	-2.02	-0.24
Loss (Gain) From Sale of Investments	-	-	0.81	-0.04	-	-
Provision & Write-off of Bad Debts	5.17	6.34	1.93	0.5	0.59	0.15
Other Operating Activities	-87.83	-81.41	-61.9	-13.51	-4.84	5.12
Change in Accounts Receivable	-1.93	10.17	-23.2	20.64	-7.95	-7.93
Change in Accounts Payable	3.89	-15.75	13.9	2.95	1.58	-4.02
Change in Unearned Revenue	-0.38	0.96	-0.53	1.51	-0.03	-0.39
Change in Other Net Operating Assets	64.21	15.13	-160.3	2.56	3.52	-4.27
Operating Cash Flow	-32.96	-88.71	-296.36	-92.07	2.65	2.63
Operating Cash Flow Growth	-	-	-	-	0.66%	-
Capital Expenditures	-10.79	-6.63	-52.42	-28.42	-11.31	-3.11
Sale of Property, Plant & Equipment	0.49	0.08	2.24	1.27	2.02	0.12
Sale (Purchase) of Intangibles	-	-	-	-0.06	-0.36	-0.04
Sale (Purchase) of Real Estate	-	-	-	-0.5	-	-
Investing Cash Flow	-10.3	-6.55	-50.18	-27.71	-9.66	-3.03
Long-Term Debt Repaid	-	-11.59	-7.81	-4.49	-1.58	-1.91
Net Debt Issued (Repaid)	-11.82	-11.59	-7.81	-4.49	-1.58	-1.91
Issuance of Common Stock	-	-	-	-	101.2	37.8
Other Financing Activities	69.1	64.21	50.73	25.98	6.45	0.3
Financing Cash Flow	57.28	52.63	42.92	21.49	106.08	36.19
Net Cash Flow	14.03	-42.63	-303.62	-98.28	99.07	35.79
Free Cash Flow	-43.75	-95.34	-348.78	-120.49	-8.66	-0.48
Free Cash Flow Margin	-11.42%	-24.32%	-66.83%	-37.31%	-9.06%	-0.67%
Free Cash Flow Per Share	-0.27	-0.58	-3.83	-0.74	-0.09	-0.01
Cash Interest Paid	62.79	27.14	0.47	0.14	0.07	0.1
Cash Income Tax Paid	-	-	10.28	8.36	5.58	1.18
Levered Free Cash Flow	-54.97	-22.19	-192.42	14.6	-10	-
Unlevered Free Cash Flow	-11.62	-0.36	-188.63	16.42	-9.15	-
Change in Working Capital	65.79	10.52	-170.13	27.66	-2.87	-16.61

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