IST:KLGYO 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	-660.18	1,123	2,047	3,524	547.43
Depreciation & Amortization	37.21	41.9	30.02	16.88	3.47
Other Amortization	0.09	0.25	-	-	0.01
Gain (Loss) on Sale of Assets	-2.08	-	-11.58	-1.85	-
Gain (Loss) on Sale of Investments	-	-172.43	280.42	-911.17	-
Asset Writedown	88.45	-1,751	-2,569	-1,725	-286.83
Income (Loss) on Equity Investments	-288.59	47.51	-211.75	-388.78	-83.43
Change in Accounts Receivable	520.05	2,670	-1,315	-639.42	-136.81
Change in Accounts Payable	-1,064	130.27	772.97	375.03	7.79
Change in Other Net Operating Assets	1,105	3,728	1,431	-2,598	-141.29
Other Operating Activities	607.02	2,397	-669.88	226.86	-94.31
Operating Cash Flow	-565.45	241.74	1,293	-3,744	246.4
Operating Cash Flow Growth	-	-81.30%	-	-	374.66%
Acquisition of Real Estate Assets	-131.72	-413.46	-1,089	-293.63	-20.15
Sale of Real Estate Assets	23.64	197.6	17.16	4	0.17
Net Sale / Acq. of Real Estate Assets	-108.08	-215.86	-1,072	-289.63	-19.97
Investment in Marketable & Equity Securities	-594.8	-	-	-	-
Other Investing Activities	60	43.19	16	-	-
Investing Cash Flow	-645.56	-172.72	-1,056	-289.94	-20.03
Long-Term Debt Issued	696.74	-	-	383.01	-
Long-Term Debt Repaid	-	-209.84	-82.54	-	-32.63
Net Debt Issued (Repaid)	696.74	-209.84	-82.54	383.01	-32.63
Issuance of Common Stock	-	-	-	1,801	-
Other Financing Activities	458.23	137.7	-135.45	-6.1	79.54
Foreign Exchange Rate Adjustments	-23.53	-77.43	-	-	14.47
Net Cash Flow	-79.57	-80.55	18.27	-1,856	287.74
Cash Interest Paid	67.45	181.77	138.77	12.7	3.86
Cash Income Tax Paid	-	-	3.71	-	-
Levered Free Cash Flow	-765.61	-1,422	-1,834	-2,875	302.28
Unlevered Free Cash Flow	-726.37	-1,301	-1,697	-2,864	304.72
Change in Working Capital	-347.37	-1,444	2,398	-4,490	159.46

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