IST:OBASE 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	16.1	-49.17	-40.7	-4.21	17.97
Depreciation & Amortization	-68.17	11.35	14.04	8.78	1.45
Other Amortization	195	84.89	94.94	45.7	7.5
Loss (Gain) From Sale of Investments	-0.8	-0.26	-0.23	-6.38	-
Provision & Write-off of Bad Debts	2.68	1.81	9.56	4.78	1.28
Other Operating Activities	31.32	23.94	-14.39	-14.82	-1.52
Change in Accounts Receivable	-8.6	68.18	-69.23	43.17	-31.61
Change in Inventory	3.47	-3.84	2.54	-0.16	-
Change in Accounts Payable	-22.6	-7.44	13.26	-23.41	26.57
Change in Unearned Revenue	-41.01	-5.09	37.13	3.81	6.65
Change in Other Net Operating Assets	21.03	-24.45	-6.19	-4.74	-6.92
Operating Cash Flow	128.41	99.92	40.73	52.52	21.36
Operating Cash Flow Growth	80.06%	145.31%	-22.45%	145.82%	-
Capital Expenditures	0.63	-2.48	-1.86	-7.53	-0.96
Sale of Property, Plant & Equipment	-0.47	1.02	1.5	0.54	0.32
Sale (Purchase) of Intangibles	-189.26	-167.28	-144.95	-66.25	-17.03
Investment in Securities	-	-	55.43	-59.54	-
Investing Cash Flow	-189.1	-168.73	-89.88	-132.78	-17.68
Long-Term Debt Issued	-	118.85	52.67	49.61	7.67
Long-Term Debt Repaid	-	-19.61	-79.1	-28.98	-9.19
Net Debt Issued (Repaid)	48.48	99.24	-26.43	20.62	-1.52
Issuance of Common Stock	-	-	-	188.6	-
Common Dividends Paid	-	-	-	-2.28	-2.47
Other Financing Activities	-18.98	16.22	32.23	6.27	-0.8
Financing Cash Flow	29.5	115.46	5.81	213.21	-4.8
Miscellaneous Cash Flow Adjustments	-24.99	-26.47	-83.86	-25.27	-
Net Cash Flow	-56.18	20.17	-127.2	107.68	-1.11
Free Cash Flow	129.04	97.43	38.87	44.99	20.4
Free Cash Flow Growth	90.04%	150.64%	-13.59%	120.49%	-
Free Cash Flow Margin	19.70%	13.16%	6.56%	13.10%	19.47%
Free Cash Flow Per Share	2.84	2.14	0.85	0.99	0.45
Cash Interest Paid	46.06	17.58	8.3	5.9	1.54
Cash Income Tax Paid	-	-	24.08	-	-
Levered Free Cash Flow	-103.61	-26.14	-123.58	-41.95	-
Unlevered Free Cash Flow	-74.82	-15.15	-118.39	-37.22	-
Change in Working Capital	-47.71	27.35	-22.49	18.66	-5.32

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