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

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