IST:HLGYO Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	13,279	1,599	3,732	7,057	378.56
Depreciation & Amortization	33.38	18.92	9.03	8.97	3.15
Gain (Loss) on Sale of Assets	-20,968	-4,917	73.15	27.18	-2.36
Asset Writedown	-1,195	-2,338	-3,196	-6,343	-373.75
Change in Accounts Receivable	-218.2	36.15	-63.5	-6.38	4.41
Change in Accounts Payable	-385.91	-29.05	-609.25	633.77	24.64
Change in Other Net Operating Assets	-807.44	-432.97	-40.44	1,403	-3.22
Other Operating Activities	11,084	6,852	-913.56	6.59	37.09
Operating Cash Flow	-3,805	-2,658	-1,437	3,481	21.38
Operating Cash Flow Growth	-	-	-	16177.14%	-87.21%
Acquisition of Real Estate Assets	-2,154	-1,991	-2,083	-3,821	-430.21
Sale of Real Estate Assets	14,855	458.08	1,129	49.66	29.8
Net Sale / Acq. of Real Estate Assets	12,700	-1,533	-954.58	-3,771	-400.4
Other Investing Activities	-	-	-1.82	-3.36	-1.31
Investing Cash Flow	12,700	-1,535	-958.35	-3,775	-402.23
Long-Term Debt Issued	-	4,259	3,117	5,437	2,095
Long-Term Debt Repaid	-240.53	-	-	-3,570	-1,562
Net Debt Issued (Repaid)	-240.53	4,259	3,117	1,867	532.4
Issuance of Common Stock	-	2,646	-	-	-
Repurchase of Common Stock	-1.41	-56.11	-77.22	-	-
Common Dividends Paid	-17.95	-76.63	-11.91	-4.4	-4.86
Other Financing Activities	-4,500	-2,554	-1,267	-879.08	-143.14
Foreign Exchange Rate Adjustments	-31.33	-30.35	-389.44	34.13	-
Net Cash Flow	4,104	-4.88	-1,025	723.34	3.56
Cash Interest Paid	4,496	2,553	1,267	39.64	143.14
Cash Income Tax Paid	161.44	19.25	48.75	-	-
Levered Free Cash Flow	-5,378	-4,097	-1,879	1,144	-95.26
Unlevered Free Cash Flow	-2,114	-1,708	-1,358	1,193	-72.62
Change in Working Capital	-6,039	-3,873	-1,142	2,723	-21.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.