IST:EDIP 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	2015 - 2019
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	2015 - 2019
Net Income	839.52	934.38	2,688	1,042	-181.15	-201.8	Upgrade
Depreciation & Amortization	6.93	6.98	3.12	2.44	0.46	0.42	Upgrade
Gain (Loss) on Sale of Assets	0.14	0.14	-0.59	-0.01	7.1	0.01	Upgrade
Gain (Loss) on Sale of Investments	-20.31	-16.74	-67.78	-29.54	-	-	Upgrade
Asset Writedown	-1,431	-73.11	-528.6	-687.56	-218.52	38.79	Upgrade
Change in Accounts Receivable	23.46	-37.92	-21.15	-15.23	1.02	-1.35	Upgrade
Change in Accounts Payable	-7.69	-7.02	17.05	8.3	0.97	-0.25	Upgrade
Change in Other Net Operating Assets	-3.51	14.38	20.18	-106.38	-0.3	1.84	Upgrade
Other Operating Activities	892.58	-520.72	-1,815	-214.73	423.19	185.89	Upgrade
Operating Cash Flow	305.52	320.59	297.97	-4.05	28.14	25.66	Upgrade
Operating Cash Flow Growth	-9.19%	7.59%	-	-	9.66%	-27.80%	Upgrade
Acquisition of Real Estate Assets	-5.48	-4.59	-82.98	-3.23	-11.9	-0.09	Upgrade
Sale of Real Estate Assets	0.14	0.14	1.05	1.31	59.12	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-5.34	-4.45	-81.93	-1.92	47.22	-0.09	Upgrade
Cash Acquisition	-	-	-	-0	-	-	Upgrade
Investing Cash Flow	-5.34	-4.45	-81.93	-1.99	47.19	-0.12	Upgrade
Long-Term Debt Issued	-	17.89	33.14	2,485	-	14.4	Upgrade
Total Debt Issued	17.89	17.89	33.14	2,485	-	14.4	Upgrade
Long-Term Debt Repaid	-	-120.51	-192.08	-2,523	-1.54	-2.27	Upgrade
Total Debt Repaid	-101.47	-120.51	-192.08	-2,523	-1.54	-2.27	Upgrade
Net Debt Issued (Repaid)	-83.58	-102.62	-158.94	-37.85	-1.54	12.13	Upgrade
Other Financing Activities	-120.55	-167.11	-0.57	-46.84	-36.35	-44.57	Upgrade
Foreign Exchange Rate Adjustments	-	-	-	-	17.48	-	Upgrade
Miscellaneous Cash Flow Adjustments	-19.75	-21.69	-44.06	-60.14	-	-	Upgrade
Net Cash Flow	76.31	24.73	12.46	-150.87	54.93	-6.9	Upgrade
Cash Interest Paid	120.55	167.11	0.57	46.84	36.6	44.62	Upgrade
Cash Income Tax Paid	-	-	-0.64	0.51	0.01	-0.02	Upgrade
Levered Free Cash Flow	38.77	47.25	22.23	-212.96	-7.82	-9.93	Upgrade
Unlevered Free Cash Flow	183.82	226.69	140.31	-33.04	15.01	17.01	Upgrade
Change in Working Capital	-0.93	-23.6	19.21	-113.15	-0.19	-0.78	Upgrade

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