QNB Bank 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	2015 - 2019
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	2015 - 2019
Net Income	42,910	36,174	33,173	17,224	3,907	2,754	Upgrade
Depreciation & Amortization	4,544	3,021	1,312	846.96	661.23	570.47	Upgrade
Change in Trading Asset Securities	-891.44	-8,981	-4,007	-120.07	-854.48	-243.92	Upgrade
Change in Other Net Operating Assets	-115,388	-171,287	-188,362	-103,183	-44,862	-20,066	Upgrade
Other Operating Activities	5,329	14,203	54,349	-9,207	5,418	8,292	Upgrade
Operating Cash Flow	-63,497	-126,870	-103,534	-94,440	-35,730	-8,694	Upgrade
Capital Expenditures	48.47	-	-	-	-790.68	-644.34	Upgrade
Sale of Property, Plant and Equipment	-	-	-	-	129.97	139.19	Upgrade
Investment in Securities	-4,643	-73,117	-38,053	-7,243	-3,065	-747.43	Upgrade
Other Investing Activities	-	-	-	-	-306.05	-219.06	Upgrade
Investing Cash Flow	-4,594	-73,117	-38,053	-7,243	-4,032	-1,472	Upgrade
Long-Term Debt Issued	-	176,304	97,257	24,367	27,585	15,207	Upgrade
Long-Term Debt Repaid	-	-144,865	-63,062	-21,092	-12,377	-15,008	Upgrade
Net Debt Issued (Repaid)	107,873	31,438	34,196	3,275	15,208	198.85	Upgrade
Net Increase (Decrease) in Deposit Accounts	45,217	211,749	151,282	122,257	52,129	11,650	Upgrade
Other Financing Activities	-	-	-	153.49	-5.18	-	Upgrade
Financing Cash Flow	153,091	243,187	185,478	125,685	67,332	11,849	Upgrade
Foreign Exchange Rate Adjustments	831.7	763.98	2,231	1,454	4,346	-615.15	Upgrade
Net Cash Flow	85,831	43,965	46,122	25,457	31,916	1,068	Upgrade
Free Cash Flow	-63,448	-126,870	-103,534	-94,440	-36,521	-9,338	Upgrade
Free Cash Flow Margin	-53.90%	-151.64%	-165.25%	-227.12%	-348.48%	-118.59%	Upgrade
Free Cash Flow Per Share	-18.94	-37.87	-30.91	-28.19	-10.90	-2.79	Upgrade
Cash Interest Paid	325,756	248,761	74,402	33,742	15,762	6,962	Upgrade
Cash Income Tax Paid	14,850	14,850	8,995	7,808	2,334	-44.49	Upgrade

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