IST:VAKFN 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	1,173	1,652	1,443	518.57	128.07	60.32	Upgrade
Depreciation & Amortization	20.84	15.33	7.75	2.6	2.25	1.49	Upgrade
Other Amortization	1.56	1.18	0.55	0.45	0.55	0.56	Upgrade
Change in Other Net Operating Assets	-1,000	-2,068	-1,777	1,491	305.3	-53.78	Upgrade
Other Operating Activities	222.12	428.47	-79.39	-301.33	-149.99	-8.05	Upgrade
Operating Cash Flow	417.42	29.63	-405.05	1,712	286.18	0.54	Upgrade
Operating Cash Flow Growth	532.62%	-	-	498.09%	52506.43%	-98.91%	Upgrade
Capital Expenditures	-107.09	-109.18	-78.81	-67.23	-8.31	-2.7	Upgrade
Sale of Property, Plant & Equipment	5.43	4.71	5.31	1.36	2.28	0.54	Upgrade
Sale (Purchase) of Intangibles	1.47	-	-	-	-	-	Upgrade
Investment in Securities	-128.95	-128.96	-57.78	-20.35	-	-	Upgrade
Other Investing Activities	-5,276	626.18	-623.58	-	-	-	Upgrade
Investing Cash Flow	-5,506	392.75	-754.86	-86.22	-6.04	-2.16	Upgrade
Long-Term Debt Issued	-	-	730.47	-	-	53.26	Upgrade
Long-Term Debt Repaid	-	-740.28	-9.2	-0.35	-51.93	-0.01	Upgrade
Net Debt Issued (Repaid)	-8.98	-740.28	721.28	-0.35	-51.93	53.25	Upgrade
Other Financing Activities	-	1,000	-	31.11	218.82	-3.52	Upgrade
Financing Cash Flow	-8.98	259.72	721.28	30.75	166.88	49.73	Upgrade
Foreign Exchange Rate Adjustments	739.48	287.01	428.63	305.03	213.37	3.55	Upgrade
Net Cash Flow	-4,358	969.1	-10	1,961	660.4	51.68	Upgrade
Free Cash Flow	310.33	-79.55	-483.86	1,644	277.87	-2.16	Upgrade
Free Cash Flow Growth	-	-	-	491.79%	-	-	Upgrade
Free Cash Flow Margin	23.03%	-3.93%	-37.17%	505.63%	203.61%	-2.83%	Upgrade
Free Cash Flow Per Share	0.08	-0.03	-0.19	0.66	0.19	-0.00	Upgrade
Cash Interest Paid	4,261	4,526	2,250	657.16	180.01	159.93	Upgrade
Cash Income Tax Paid	728.34	639.76	447.52	102.14	9.88	9.27	Upgrade

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