IST:HLGYO 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	4,042	1,222	3,732	7,057	378.56	352.45
Depreciation & Amortization	28.46	14.45	9.03	8.97	3.15	3.51
Gain (Loss) on Sale of Assets	-45.39	17.22	73.15	27.18	-2.36	-
Asset Writedown	-9,634	-3,773	-3,196	-6,343	-373.75	-315.14
Change in Accounts Receivable	-3,006	27.62	-63.5	-6.38	4.41	9
Change in Accounts Payable	-596.7	-22.2	-609.25	633.77	24.64	27.94
Change in Other Net Operating Assets	-376.06	-330.79	-40.44	1,403	-3.22	-11.58
Other Operating Activities	8,955	3,448	-913.56	6.59	37.09	3.55
Operating Cash Flow	-6,954	-2,030	-1,437	3,481	21.38	167.15
Operating Cash Flow Growth	-	-	-	16177.14%	-87.21%	103.11%
Acquisition of Real Estate Assets	-504.61	-1,521	-2,083	-3,821	-430.21	-188.22
Sale of Real Estate Assets	5,821	349.97	1,129	49.66	29.8	1.44
Net Sale / Acq. of Real Estate Assets	5,317	-1,171	-954.58	-3,771	-400.4	-186.78
Other Investing Activities	-	-	-1.82	-3.36	-1.31	-0.51
Investing Cash Flow	5,317	-1,173	-958.35	-3,775	-402.23	-187.39
Long-Term Debt Issued	-	3,254	3,117	5,437	2,095	1,493
Long-Term Debt Repaid	-	-	-	-3,570	-1,562	-1,445
Net Debt Issued (Repaid)	2,820	3,254	3,117	1,867	532.4	47.87
Issuance of Common Stock	5.91	2,021	-	-	-	-
Repurchase of Common Stock	-514.02	-42.87	-77.22	-	-	-
Common Dividends Paid	-2.31	-58.54	-11.91	-4.4	-4.86	-4.28
Other Financing Activities	-525.31	-1,951	-1,267	-879.08	-143.14	-48.02
Foreign Exchange Rate Adjustments	10.06	-23.19	-389.44	34.13	-	-
Net Cash Flow	157.64	-3.7	-1,025	723.34	3.56	-24.67
Cash Interest Paid	1,463	1,950	1,267	39.64	143.14	48.02
Cash Income Tax Paid	142.83	14.71	48.75	-	-	-
Levered Free Cash Flow	-6,205	-2,934	-1,879	1,144	-95.26	177.42
Unlevered Free Cash Flow	-3,572	-1,111	-1,358	1,193	-72.62	179.64
Change in Working Capital	-10,300	-2,959	-1,142	2,723	-21.31	122.78

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