IST:KRGYO 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	138.52	66.77	195.7	95.95	24.4	6.28
Depreciation & Amortization	10.67	3.85	-210.22	2.17	0.27	0.01
Gain (Loss) on Sale of Assets	-2.02	-	-	-	-	-
Gain (Loss) on Sale of Investments	-55.03	-35.93	-15.58	-16.64	-5.82	-2.11
Asset Writedown	-63.92	-	-	-100.94	-11.13	-0.57
Income (Loss) on Equity Investments	-	-	-	-	-0.01	-0.62
Change in Accounts Receivable	4.18	-9.04	-0.22	-1.58	-1.27	-0.08
Change in Accounts Payable	0.6	-0.04	-9.97	-41	-10.19	31.61
Change in Other Net Operating Assets	74	-23.05	27.27	-2.83	5.63	-2.13
Other Operating Activities	37.6	8.13	30.52	48.77	-0.09	-0.37
Operating Cash Flow	202.86	59.29	75.24	35.31	10.54	40.71
Operating Cash Flow Growth	307.61%	-21.20%	113.11%	234.85%	-74.10%	673.76%
Acquisition of Real Estate Assets	60.09	-303.62	-	-0.02	-1.35	-39.42
Sale of Real Estate Assets	3.94	-	-	-	-	-
Net Sale / Acq. of Real Estate Assets	64.03	-303.62	-	-0.02	-1.35	-39.42
Investment in Marketable & Equity Securities	-776.28	70.09	-34.95	6.51	-7.92	-9.14
Other Investing Activities	-4.32	17.61	9.69	1.43	0.01	0.62
Investing Cash Flow	-716.58	-215.92	-25.26	7.91	-9.25	-47.93
Short-Term Debt Issued	-	100.96	-	-	-	-
Total Debt Issued	-27.28	100.96	-	-	-	-
Short-Term Debt Repaid	-	-1.1	-1.39	-	-	-
Long-Term Debt Repaid	-	-	-	-0.95	-0.17	-
Total Debt Repaid	-108.49	-1.1	-1.39	-0.95	-0.17	-
Net Debt Issued (Repaid)	-135.77	99.86	-1.39	-0.95	-0.17	-
Issuance of Common Stock	697.27	-	-	-	-	-
Other Financing Activities	-27.5	-	-	-	-	-
Foreign Exchange Rate Adjustments	13.27	-	-	-8.32	-	-
Miscellaneous Cash Flow Adjustments	-13.29	-13.29	-32.44	-	-	-
Net Cash Flow	20.27	-70.06	16.15	33.95	1.12	-7.22
Cash Income Tax Paid	-	0.83	-0.09	-	-0.09	0.06
Levered Free Cash Flow	343.32	59.98	-324.47	-212.25	14.49	21.39
Unlevered Free Cash Flow	359.96	69.28	-324.3	-212.04	14.53	21.39
Change in Working Capital	137.04	16.47	74.82	5.99	2.92	38.1

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