IST:FZLGY 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	-558.99	-425.35	-340.02	355.61	604.62	292.55
Depreciation & Amortization	3.95	3.84	7.57	8.24	7.01	19.25
Gain (Loss) on Sale of Assets	-	-	2.48	-133.87	-	-
Asset Writedown	259.95	259.95	-9.67	203.66	-646.6	-
Change in Accounts Receivable	237.84	512.19	606.33	-499.64	1,899	-754.7
Change in Accounts Payable	400.16	400.16	-185.5	-329.88	481.14	24.62
Change in Other Net Operating Assets	66.98	443.78	-210.15	-324.69	230.83	-379.52
Other Operating Activities	-150.94	-387.65	-108.8	-219.58	5.61	82.87
Operating Cash Flow	-693.72	-1,000	-270.47	-1,069	-1,312	563.78
Operating Cash Flow Growth	-	-	-	-	-	1533.50%
Acquisition of Real Estate Assets	-102.47	-52.9	-3.37	-6.18	-126.25	-421.01
Sale of Real Estate Assets	35.72	10.87	1,088	88.51	747.62	3.05
Net Sale / Acq. of Real Estate Assets	-66.75	-42.03	1,084	82.33	621.37	-417.96
Cash Acquisition	-	-	-	-	278.59	-
Other Investing Activities	-	-	-	-	-	-95.9
Investing Cash Flow	-67.35	-42.63	1,084	82.33	704.56	-419.07
Long-Term Debt Issued	-	1,177	392.68	506.23	-	143.21
Long-Term Debt Repaid	-	-497.2	-614.02	-294.31	-481.84	-
Net Debt Issued (Repaid)	1,138	679.85	-221.34	211.92	-481.84	143.21
Issuance of Common Stock	-	-	-	975.78	135.73	371.27
Common Dividends Paid	-	-	-227.63	-85.1	-	-
Other Financing Activities	-	-	-	-	-	-360.1
Miscellaneous Cash Flow Adjustments	-89.77	-19.71	-46.4	-23.25	-	-
Net Cash Flow	286.87	-382.81	318.6	92.32	-953.44	299.08
Cash Income Tax Paid	406.35	406.35	8.9	240.43	15.61	-
Levered Free Cash Flow	-4,064	-3,078	-3,349	-3,002	-2,058	248.94
Unlevered Free Cash Flow	-3,702	-2,839	-3,227	-2,862	-2,005	261.66
Change in Working Capital	-247.7	-451.12	177.96	-1,283	-1,283	169.11