IST:EKGYO 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	19,012	13,197	-5,882	905.06	1,332	836.26
Depreciation & Amortization	299.26	179.86	163.04	79.34	31.07	29.79
Other Amortization	30.6	43.61	11.84	0.76	0.71	0.43
Gain (Loss) on Sale of Assets	0.76	0.76	-9.69	-48.41	-	-
Asset Writedown	-	-	-	-	-28.17	-
Income (Loss) on Equity Investments	-	-	-	-	-	0.95
Change in Accounts Receivable	-45,598	741.54	-14,636	-5,341	634.77	171.46
Change in Accounts Payable	12,797	3,995	3,632	1,875	-725.45	724
Change in Other Net Operating Assets	-29,346	8,563	16,992	14,329	2,420	783.53
Other Operating Activities	-10,955	-8,626	-3,115	-636.95	377.93	-139.16
Operating Cash Flow	-43,015	-22,516	14,769	-3,513	2,561	985.4
Operating Cash Flow Growth	-	-	-	-	159.92%	-
Acquisition of Real Estate Assets	-827.62	-507.62	-172.01	-290.73	-47	-10.67
Sale of Real Estate Assets	1.36	1.47	15.65	94.41	-	-
Net Sale / Acq. of Real Estate Assets	-826.26	-506.16	-156.36	-196.32	-47	-10.67
Investment in Marketable & Equity Securities	-2,434	-67.26	-	1.07	304.74	-289.95
Other Investing Activities	-	-	-	-	9.78	13.59
Investing Cash Flow	-3,335	-651.51	-238.92	-212.95	262.65	-290.01
Long-Term Debt Issued	-	15,743	9,206	11,933	2,621	4,011
Long-Term Debt Repaid	-	-6,930	-12,541	-6,771	-3,042	-3,664
Net Debt Issued (Repaid)	33,452	8,812	-3,335	5,162	-421.35	347.66
Issuance of Common Stock	-	-	2,419	-	-	-
Repurchase of Common Stock	-	-	-957.95	-	-	-11.75
Common Dividends Paid	-1,657	-	-1,807	-772.69	-79.44	-73.85
Other Financing Activities	21,400	2,547	2,990	-312.61	-357.19	-267.85
Foreign Exchange Rate Adjustments	-	-	-	3,285	-	-
Miscellaneous Cash Flow Adjustments	-1,894	-3,020	-4,942	-	-	-
Net Cash Flow	4,951	-14,829	8,896	3,636	1,966	689.6
Cash Interest Paid	6,851	2,478	1,930	1,518	537.47	398.06
Cash Income Tax Paid	157.46	157.46	6.96	-	376.07	174.68
Levered Free Cash Flow	-55,906	-24,496	-3,580	-41,163	1,293	1,371
Unlevered Free Cash Flow	-49,571	-22,235	-1,742	-40,074	1,672	1,672
Change in Working Capital	-51,402	-27,312	23,601	-3,817	844.18	257.13

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