IST:AKSGY Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,230	5,250	4,849	3,896	237.92
Depreciation & Amortization	38.33	36.42	28.8	19.98	3.73
Gain (Loss) on Sale of Assets	-	-	-106.36	-113.6	-17.43
Asset Writedown	-2,498	-4,867	-1,929	-1,593	-1,359
Income (Loss) on Equity Investments	-	3.06	165.31	4.78	2.03
Change in Accounts Receivable	-120.9	-71.62	77.92	20.61	23.62
Change in Accounts Payable	58.44	68.44	-37.53	1.7	15.76
Change in Other Net Operating Assets	-220.97	-669.18	628.36	515.81	242.65
Other Operating Activities	1,982	2,379	-1,532	-2,544	1,363
Operating Cash Flow	1,837	2,129	2,768	324.03	486.7
Operating Cash Flow Growth	-13.71%	-23.08%	754.12%	-33.42%	187.28%
Acquisition of Real Estate Assets	-54.71	-42.99	-25.63	-17.54	-15.09
Sale of Real Estate Assets	0.33	0.34	204.25	945.72	49.6
Net Sale / Acq. of Real Estate Assets	-54.38	-42.65	178.62	928.18	34.51
Investment in Marketable & Equity Securities	-	-21.6	-49.74	-11.77	-
Other Investing Activities	-	-	-14.27	-	-
Investing Cash Flow	-57.51	-70.82	113.51	916.4	34.47
Long-Term Debt Issued	3,253	-	2,430	2,479	1,567
Long-Term Debt Repaid	-2,898	-1,934	-5,011	-3,417	-2,163
Net Debt Issued (Repaid)	355.37	-1,934	-2,581	-937.91	-595.89
Issuance of Common Stock	-	-	103.67	-	250.46
Repurchase of Common Stock	-41.3	-	-11.35	-	-10.06
Common Dividends Paid	-346.4	-95.51	-	-	-
Other Financing Activities	306.45	-484.22	-325.51	-321.87	-205.24
Foreign Exchange Rate Adjustments	77.97	27.75	330.83	261.84	142.94
Miscellaneous Cash Flow Adjustments	-246.18	-264.03	-610.16	-	-
Net Cash Flow	1,885	-692.29	-212.58	242.49	103.38
Cash Interest Paid	360.59	953.17	907.28	695.41	218.32
Cash Income Tax Paid	124.34	6.88	7.51	477.27	41.89
Levered Free Cash Flow	1,389	650.53	845.35	-310.02	769.61
Unlevered Free Cash Flow	1,584	1,217	1,545	226.92	892.61
Change in Working Capital	-915.58	-672.61	1,292	654.37	256.23

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.