IST:KLGYO 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	-1.71	857.76	2,047	3,524	547.43	-12.91
Depreciation & Amortization	28.22	32.21	30.02	16.88	3.47	1.58
Other Amortization	-0.13	-	-	-	0.01	0.01
Gain (Loss) on Sale of Assets	-2.08	-	-11.58	-1.85	-	-
Gain (Loss) on Sale of Investments	-250.26	-131.74	280.42	-911.17	-	-
Asset Writedown	-397.69	-1,338	-2,569	-1,725	-286.83	-33.13
Income (Loss) on Equity Investments	74.8	36.3	-211.75	-388.78	-83.43	-2.85
Change in Accounts Receivable	1,426	2,040	-1,315	-639.42	-136.81	127.96
Change in Accounts Payable	735.31	99.52	772.97	375.03	7.79	29.25
Change in Other Net Operating Assets	1,664	2,848	1,431	-2,598	-141.29	57.67
Other Operating Activities	3,291	1,772	-669.88	226.86	-94.31	43.8
Operating Cash Flow	29.43	125.53	1,293	-3,744	246.4	51.91
Operating Cash Flow Growth	-	-90.29%	-	-	374.66%	-92.20%
Acquisition of Real Estate Assets	-294.02	-315.88	-1,089	-293.63	-20.15	-12.08
Sale of Real Estate Assets	165.78	150.96	17.16	4	0.17	0.32
Net Sale / Acq. of Real Estate Assets	-128.23	-164.91	-1,072	-289.63	-19.97	-11.76
Other Investing Activities	49.01	33	16	-	-	-
Investing Cash Flow	-79.32	-131.96	-1,056	-289.94	-20.03	-11.76
Long-Term Debt Issued	-	-	-	383.01	-	-
Long-Term Debt Repaid	-	-160.31	-82.54	-	-32.63	-113.83
Net Debt Issued (Repaid)	-133.74	-160.31	-82.54	383.01	-32.63	-113.83
Issuance of Common Stock	-	-	-	1,801	-	498.09
Other Financing Activities	118.38	105.2	-135.45	-6.1	79.54	-40.47
Foreign Exchange Rate Adjustments	78.21	-	-	-	14.47	-
Net Cash Flow	12.96	-61.54	18.27	-1,856	287.74	383.93
Cash Interest Paid	97.62	138.87	138.77	12.7	3.86	49.53
Cash Income Tax Paid	-	-	3.71	-	-	-
Levered Free Cash Flow	-2,342	-427.85	-1,834	-2,875	302.28	36.16
Unlevered Free Cash Flow	-2,321	-335.55	-1,697	-2,864	304.72	67.13
Change in Working Capital	-2,713	-1,103	2,398	-4,490	159.46	53.83

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