IST:AKMGY 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	364.05	524.4	716.91	-159.35	649.12	56.87
Depreciation & Amortization	0.79	0.33	0.23	0.2	0.22	8.98
Gain (Loss) on Sale of Assets	-	-	-0.22	-0.1	-0.02	-
Asset Writedown	-211.2	-211.2	-253.93	429.07	-545.71	-
Change in Accounts Receivable	-20.47	-9.64	-1.35	-4.64	3.32	-2.53
Change in Accounts Payable	-4.6	-12.61	5.44	5.34	-0.05	-0.06
Change in Other Net Operating Assets	-70.83	-1.06	6.68	15.72	-18.62	3.44
Other Operating Activities	318.24	182.79	29.02	-22.98	-6.72	-4.39
Operating Cash Flow	380.67	473.01	502.04	263.79	81.42	62.44
Operating Cash Flow Growth	-37.52%	-5.78%	90.32%	224.00%	30.40%	-36.34%
Acquisition of Real Estate Assets	-29.8	-38.86	-36.07	-8.7	-2.83	-1.47
Sale of Real Estate Assets	0.15	-	0.58	1.06	0.08	-
Net Sale / Acq. of Real Estate Assets	-29.65	-38.86	-35.49	-7.64	-2.75	-1.47
Other Investing Activities	221.76	183.22	91.58	21.6	5.71	2.85
Investing Cash Flow	192.11	144.36	56.08	13.97	2.96	1.38
Common Dividends Paid	-536.72	-363.31	-327.75	-240.64	-99.49	-48.44
Miscellaneous Cash Flow Adjustments	-103.48	-103.19	-126.37	-	-	-
Net Cash Flow	-67.41	150.87	104	37.12	-15.12	15.37
Levered Free Cash Flow	400.2	304.45	311.79	183.28	38.98	53.89
Unlevered Free Cash Flow	400.42	304.45	311.79	183.28	38.98	53.89
Change in Working Capital	-95.89	-23.31	10.77	16.41	-15.34	0.85

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