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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	3,005	6,002	17,274	-5,882	905.06	1,332
Depreciation & Amortization	420.33	329.35	235.43	163.04	79.34	31.07
Other Amortization	174.67	174.67	57.09	11.84	0.76	0.71
Gain (Loss) on Sale of Assets	69.73	69.65	0.99	-9.69	-48.41	-
Asset Writedown	-	-	-	-	-	-28.17
Change in Accounts Receivable	-32,687	-35,974	970.62	-14,636	-5,341	634.77
Change in Accounts Payable	10,196	28,647	5,230	3,632	1,875	-725.45
Change in Other Net Operating Assets	-6,759	-24,002	11,208	16,992	14,329	2,420
Other Operating Activities	15,405	5,762	-11,290	-3,115	-636.95	377.93
Operating Cash Flow	-38,850	-35,522	-29,472	14,769	-3,513	2,561
Operating Cash Flow Growth	-	-	-	-	-	159.92%
Acquisition of Real Estate Assets	165.92	-439.63	-664.44	-172.01	-290.73	-47
Sale of Real Estate Assets	59.7	59.49	1.92	15.65	94.41	-
Net Sale / Acq. of Real Estate Assets	225.62	-380.14	-662.52	-156.36	-196.32	-47
Investment in Marketable & Equity Securities	-2,858	-2,646	-88.03	-	1.07	304.74
Other Investing Activities	-	-	-	-	-	9.78
Investing Cash Flow	-2,751	-3,144	-852.78	-238.92	-212.95	262.65
Long-Term Debt Issued	-	89,213	20,606	9,206	11,933	2,621
Long-Term Debt Repaid	-	-22,663	-9,071	-12,541	-6,771	-3,042
Net Debt Issued (Repaid)	77,565	66,550	11,535	-3,335	5,162	-421.35
Issuance of Common Stock	-	-	-	2,419	-	-
Repurchase of Common Stock	-	-	-	-957.95	-	-
Common Dividends Paid	-1,729	-1,729	-	-1,807	-772.69	-79.44
Other Financing Activities	-30,368	-24,780	3,334	2,990	-312.61	-357.19
Foreign Exchange Rate Adjustments	-	-	-	-	3,285	-
Miscellaneous Cash Flow Adjustments	-2,314	-2,187	-3,953	-4,942	-	-
Net Cash Flow	1,553	-812.46	-19,410	8,896	3,636	1,966
Cash Interest Paid	12,065	12,065	3,244	1,930	1,518	537.47
Cash Income Tax Paid	1,645	1,645	206.11	6.96	-	376.07
Levered Free Cash Flow	-74,833	-38,772	-49,461	-3,580	-41,163	1,293
Unlevered Free Cash Flow	-63,266	-29,324	-46,498	-1,742	-40,074	1,672
Change in Working Capital	-57,925	-47,860	-35,749	23,601	-3,817	844.18

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.