IST:RUBNS 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	-209.53	26.61	76.18	4.49	74.17
Depreciation & Amortization	66.26	80.7	40.97	42.43	8.76
Asset Writedown & Restructuring Costs	-	-	-	-	-11.53
Other Operating Activities	532.6	12.81	-182.14	24.43	-13.73
Change in Accounts Receivable	175.9	-96.83	-251.91	-52.95	31.88
Change in Inventory	-171.64	-15.08	376.58	-94.64	-49.81
Change in Accounts Payable	267.89	-62.59	125.93	-54.67	12.75
Change in Unearned Revenue	3.42	-2.45	-715.68	470.45	9.92
Change in Other Net Operating Assets	-170.17	-46.26	1,441	-828.72	-13.68
Operating Cash Flow	494.72	-103.09	911.22	-489.19	48.72
Capital Expenditures	-181.39	-216.54	-965.31	-224.9	-54.74
Sale of Property, Plant & Equipment	41.99	2.49	1.25	280.82	2.69
Sale (Purchase) of Real Estate	32.16	-126.47	-	-	1.58
Investing Cash Flow	-107.24	-340.52	-964.06	55.92	-50.47
Long-Term Debt Issued	-	699.85	473.95	242.07	110.88
Long-Term Debt Repaid	-	-409.16	-371.49	-329.75	-98.24
Net Debt Issued (Repaid)	-55.66	290.7	102.46	-87.68	12.63
Issuance of Common Stock	35.45	311.14	8.1	553	-
Repurchase of Common Stock	-79.12	-4.87	-	-	-
Other Financing Activities	-287.82	-155.14	-55.76	-32.83	-10.6
Financing Cash Flow	-387.15	441.82	54.8	432.49	2.04
Net Cash Flow	0.33	-1.79	1.96	-0.77	0.29
Free Cash Flow	313.33	-319.63	-54.09	-714.08	-6.02
Free Cash Flow Margin	21.80%	-18.52%	-1.63%	-49.94%	-1.70%
Free Cash Flow Per Share	4.04	-4.29	-0.73	-9.59	-0.12
Cash Interest Paid	287.9	155.14	55.76	32.83	10.6
Cash Income Tax Paid	-	-	16.03	6.64	24.67
Levered Free Cash Flow	-418.66	-261.77	-982.05	-270.19	-
Unlevered Free Cash Flow	-284.27	-118.47	-936.69	-247.77	-
Change in Working Capital	105.39	-223.21	976.2	-560.53	-8.94

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