IST:ELITE 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	104.92	394.85	185.89	-60.55	38.03	29.38
Depreciation & Amortization	73.48	45.9	29.04	6.34	3.57	3.42
Other Operating Activities	-99.87	-81.37	-13.55	-56.47	2.57	5.7
Change in Accounts Receivable	224.89	-82.41	-41.46	357.05	-191.94	-53.28
Change in Inventory	66.82	-51.85	7.46	0.43	-2.7	-26.8
Change in Accounts Payable	-24.85	-37.97	9.73	-285.24	97.2	17.61
Change in Unearned Revenue	13.98	-	-	26.45	-	-
Change in Other Net Operating Assets	26.79	28.22	1.74	10.26	31.03	-28.98
Operating Cash Flow	430.1	215.36	178.86	-1.74	-22.24	-52.95
Operating Cash Flow Growth	647.49%	20.41%	-	-	-	-
Capital Expenditures	-94.72	-84.8	-76.46	-31.41	-3.45	-2.63
Sale of Property, Plant & Equipment	7.99	-	0.25	7.92	-	-
Sale (Purchase) of Real Estate	-	-	-	-10.88	-	-
Other Investing Activities	-0	-	-	-	-0.03	-
Investing Cash Flow	-86.73	-84.8	-76.2	-34.36	-3.49	-2.63
Long-Term Debt Issued	-	147.62	129.64	30	83.21	66.24
Long-Term Debt Repaid	-	-211.83	-62.68	-91.26	-99.91	-
Net Debt Issued (Repaid)	-166.79	-64.21	66.96	-61.26	-16.71	66.24
Issuance of Common Stock	-	-	-	-	61.2	0.2
Common Dividends Paid	-	-	-114.77	-123.94	-	-
Other Financing Activities	-22.82	-	-	-	25.43	16.73
Financing Cash Flow	-189.61	-64.21	-47.81	-185.2	69.92	83.16
Foreign Exchange Rate Adjustments	-8.61	-8.61	-	-	-	-
Miscellaneous Cash Flow Adjustments	-21.32	-14.25	-44.07	-	-	-
Net Cash Flow	123.83	43.49	10.77	-221.3	44.2	27.58
Free Cash Flow	335.39	130.56	102.4	-33.15	-25.69	-55.58
Free Cash Flow Growth	1907.35%	27.51%	-	-	-	-
Free Cash Flow Margin	22.95%	7.43%	8.29%	-3.16%	-8.42%	-27.02%
Free Cash Flow Per Share	2.59	1.01	0.79	-0.26	-0.20	-
Cash Interest Paid	44.57	47.43	17.89	-	2.03	-
Cash Income Tax Paid	-	-	-	25.8	10.85	-
Levered Free Cash Flow	34.61	119.35	-142.99	-178.85	12.73	-
Unlevered Free Cash Flow	76.42	148.99	-131.81	-174.92	14	-
Change in Working Capital	307.63	-144.01	-22.52	108.95	-66.41	-91.45

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.