IST:ISGYO 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	-2,623	892.03	4,521	8,601	1,330	266.5	Upgrade
Depreciation & Amortization	22.41	19.25	10.76	5.79	1.88	1.53	Upgrade
Other Amortization	0.19	1.74	2.66	2.45	0.6	0.78	Upgrade
Gain (Loss) on Sale of Assets	339.06	-77.82	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-254.96	173.85	-78.33	-168.44	-39.99	-8.65	Upgrade
Asset Writedown	-945.58	-3,229	-2,551	-7,229	-1,140	-261.33	Upgrade
Income (Loss) on Equity Investments	-20.06	-7.68	-6.63	-1.28	-1.98	-2.04	Upgrade
Change in Accounts Receivable	285.07	245.61	7.58	66.53	24.94	10.08	Upgrade
Change in Accounts Payable	10.64	-205.22	304.92	1.82	2.51	-33.3	Upgrade
Change in Other Net Operating Assets	-598.52	127.54	220	-257.6	-61.06	17.28	Upgrade
Other Operating Activities	3,652	3,072	-966.25	-1,596	55	158.98	Upgrade
Operating Cash Flow	-619.6	925.56	-1,427	-1,852	328.83	272.93	Upgrade
Operating Cash Flow Growth	-	-	-	-	20.48%	88.39%	Upgrade
Acquisition of Real Estate Assets	-4,401	-1,084	-312.65	-779.71	-184.01	-14.2	Upgrade
Sale of Real Estate Assets	11,088	2,897	-	-	0.05	-	Upgrade
Net Sale / Acq. of Real Estate Assets	6,686	1,814	-312.65	-779.71	-183.96	-14.2	Upgrade
Investment in Marketable & Equity Securities	-	-	306.75	-220.71	-2.22	-2.8	Upgrade
Other Investing Activities	972.52	-9.21	-666.68	0.82	0.5	-	Upgrade
Investing Cash Flow	7,657	1,801	-677.67	-1,004	-186.59	-17.79	Upgrade
Long-Term Debt Issued	-	4,132	21,629	6,036	2,291	521.61	Upgrade
Long-Term Debt Repaid	-	-4,810	-19,383	-1,947	-2,272	-987.64	Upgrade
Net Debt Issued (Repaid)	-4,977	-677.51	2,246	4,089	18.7	-466.03	Upgrade
Other Financing Activities	-1,637	-2,631	-1,853	-500.81	-101.15	-125.64	Upgrade
Foreign Exchange Rate Adjustments	9.72	7.56	230.66	79.52	19.3	8.48	Upgrade
Miscellaneous Cash Flow Adjustments	78.91	50.21	-601.93	853.98	-	-	Upgrade
Net Cash Flow	513.09	-524.79	-2,083	1,666	79.08	-328.05	Upgrade
Cash Interest Paid	341.22	2,631	1,813	571.42	143	146.83	Upgrade
Levered Free Cash Flow	-637.48	-235.96	-2,450	-857.84	200.3	-42.69	Upgrade
Unlevered Free Cash Flow	287.24	1,447	-1,143	-461.92	296.84	43.32	Upgrade
Change in Working Capital	-788.31	81.15	-2,359	-1,467	121.14	116.09	Upgrade

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