IST:AKSGY 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	3,026	4,011	4,849	3,896	237.92	-458.44
Depreciation & Amortization	28.56	27.82	28.8	19.98	3.73	3.81
Gain (Loss) on Sale of Assets	-	-	-106.36	-113.6	-17.43	-0.29
Asset Writedown	-3,718	-3,718	-1,929	-1,593	-1,359	137.7
Income (Loss) on Equity Investments	2.34	2.34	165.31	4.78	2.03	1.22
Change in Accounts Receivable	60.13	78.61	77.92	20.61	23.62	19.48
Change in Accounts Payable	-16.12	21.58	-37.53	1.7	15.76	-1.45
Change in Other Net Operating Assets	-393.53	-562.97	628.36	515.81	242.65	14.98
Other Operating Activities	2,871	1,775	-1,532	-2,544	1,363	438.63
Operating Cash Flow	1,273	1,634	2,768	324.03	486.7	169.42
Operating Cash Flow Growth	-50.05%	-40.95%	754.12%	-33.42%	187.28%	-50.49%
Acquisition of Real Estate Assets	-12.97	-32.84	-25.63	-17.54	-15.09	-7.71
Sale of Real Estate Assets	0.3	0.26	204.25	945.72	49.6	4.79
Net Sale / Acq. of Real Estate Assets	-12.67	-32.58	178.62	928.18	34.51	-2.92
Investment in Marketable & Equity Securities	-16.5	-16.5	-49.74	-11.77	-	-
Other Investing Activities	-	-	-14.27	-	-	-
Investing Cash Flow	-34.19	-54.11	113.51	916.4	34.47	-3.18
Long-Term Debt Issued	-	-	2,430	2,479	1,567	1,866
Long-Term Debt Repaid	-	-1,478	-5,011	-3,417	-2,163	-2,012
Net Debt Issued (Repaid)	416.89	-1,478	-2,581	-937.91	-595.89	-146.37
Issuance of Common Stock	-	-	103.67	-	250.46	4.37
Repurchase of Common Stock	-39.58	-	-11.35	-	-10.06	-
Common Dividends Paid	-313.38	-72.97	-	-	-	-
Other Financing Activities	83.59	-369.89	-325.51	-321.87	-205.24	-191.18
Foreign Exchange Rate Adjustments	9.62	21.54	330.83	261.84	142.94	33.59
Miscellaneous Cash Flow Adjustments	-210.53	-209.94	-610.16	-	-	-
Net Cash Flow	1,185	-528.9	-212.58	242.49	103.38	-133.36
Cash Interest Paid	243.15	728.21	907.28	695.41	218.32	173.93
Cash Income Tax Paid	75.24	4.5	7.51	477.27	41.89	37.9
Levered Free Cash Flow	597.75	514.15	845.35	-310.02	769.61	-27.62
Unlevered Free Cash Flow	723.5	946.9	1,545	226.92	892.61	69.9
Change in Working Capital	-937.03	-462.97	1,292	654.37	256.23	46.79

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