IST:AKFGY Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,747	2,612	1,891	1,049	1,333	2,084
Depreciation & Amortization	0.57	0.83	0.97	8.07	7.09	3.37
Other Amortization	0.01	0.01	0.09	0.08	0.06	0.01
Gain (Loss) on Sale of Assets	242	233.22	-194.1	-7.22	-1.01	-
Gain (Loss) on Sale of Investments	-2,088	-2,088	-1,819	-714.02	-	-
Asset Writedown	2.22	2.22	6.29	0.53	2.98	-2,516
Income (Loss) on Equity Investments	-0.2	0.55	2.21	-73.98	-222.27	2.19
Change in Accounts Receivable	-115.86	-122.09	-182.37	2.35	-141.78	-42.16
Change in Accounts Payable	316.99	383.21	386.71	71.35	-0.25	-3.76
Change in Other Net Operating Assets	-21.03	90.06	-803.03	118.54	1,487	-13.97
Other Operating Activities	1,414	404.43	1,220	1,125	-369.69	567.81
Operating Cash Flow	1,285	1,189	-507.24	1,281	1,420	82.13
Operating Cash Flow Growth	71.07%	-	-	-9.80%	1629.30%	-2.21%
Acquisition of Real Estate Assets	-2,743	-2,335	-1,163	-505.36	-5.37	-1.61
Sale of Real Estate Assets	-	-	3,946	-	1.5	-
Net Sale / Acq. of Real Estate Assets	-2,743	-2,335	2,783	-505.36	-3.87	-1.61
Cash Acquisition	-	-	-	-572.09	-785.96	-
Investment in Marketable & Equity Securities	-88.02	-85.63	-238.87	-	-	-506.05
Other Investing Activities	10.94	19.71	11.01	7.22	-	-
Investing Cash Flow	-2,820	-2,401	2,555	-1,070	-789.83	-507.72
Long-Term Debt Issued	-	2,238	2,852	-	-	-
Long-Term Debt Repaid	-	-1,755	-5,393	-515.64	-272.76	-501.02
Net Debt Issued (Repaid)	529.35	483	-2,541	-515.64	-272.76	-501.02
Issuance of Common Stock	1,057	-	25.58	3,427	-	1,032
Repurchase of Common Stock	-133.58	-128.27	-	-211.11	-	-
Other Financing Activities	-295.57	-236.19	-430.25	-43.45	-276.7	-79.07
Foreign Exchange Rate Adjustments	249.74	354.52	286.7	105.2	20.75	25.68
Miscellaneous Cash Flow Adjustments	-196.47	-335.37	-1,264	-108.99	-77.04	-
Net Cash Flow	-324.48	-1,073	-1,875	2,864	24.78	51.9
Cash Interest Paid	369.22	369.22	593.5	480.73	282.87	115.15
Cash Income Tax Paid	26.97	26.97	15.34	7.54	-4.97	3.75
Levered Free Cash Flow	-498.92	416.09	673.75	-1,840	150.33	-98.53
Unlevered Free Cash Flow	-343.73	664.76	971.55	-1,130	481.65	-19.94
Change in Working Capital	-31.92	24.53	-1,616	-105.56	670.38	-58.9

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