IST:KRGYO 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	142.23	87.39	195.7	95.95	24.4
Depreciation & Amortization	6.41	5.04	-210.22	2.17	0.27
Gain (Loss) on Sale of Assets	-2.11	-	-	-	-
Gain (Loss) on Sale of Investments	-168.52	-60.26	-15.58	-16.64	-5.82
Asset Writedown	-77.64	-47.03	-	-100.94	-11.13
Income (Loss) on Equity Investments	-	-	-	-	-0.01
Change in Accounts Receivable	2.36	-11.83	-0.22	-1.58	-1.27
Change in Accounts Payable	1.38	-0.05	-9.97	-41	-10.19
Change in Other Net Operating Assets	144.62	-30.18	27.27	-2.83	5.63
Other Operating Activities	197.23	70.91	30.52	48.77	-0.09
Operating Cash Flow	369.55	77.61	75.24	35.31	10.54
Operating Cash Flow Growth	376.19%	3.14%	113.11%	234.85%	-74.10%
Acquisition of Real Estate Assets	-13.25	-397.42	-	-0.02	-1.35
Sale of Real Estate Assets	4.11	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-9.15	-397.42	-	-0.02	-1.35
Investment in Marketable & Equity Securities	-771.05	114.8	-34.95	6.51	-7.92
Other Investing Activities	-	-	9.69	1.43	0.01
Investing Cash Flow	-780.19	-282.62	-25.26	7.91	-9.25
Short-Term Debt Issued	-	132.14	-	-	-
Total Debt Issued	-	132.14	-	-	-
Short-Term Debt Repaid	-112.98	-	-1.39	-	-
Long-Term Debt Repaid	-0.66	-1.44	-	-0.95	-0.17
Total Debt Repaid	-113.64	-1.44	-1.39	-0.95	-0.17
Net Debt Issued (Repaid)	-113.64	130.71	-1.39	-0.95	-0.17
Issuance of Common Stock	690.89	-	-	-	-
Other Financing Activities	-30.37	-	-	-	-
Foreign Exchange Rate Adjustments	-	-	-	-8.32	-
Miscellaneous Cash Flow Adjustments	-16.56	-17.4	-32.44	-	-
Net Cash Flow	119.68	-91.71	16.15	33.95	1.12
Cash Interest Paid	30.37	-	-	-	-
Cash Income Tax Paid	-1.42	1.09	-0.09	-	-0.09
Levered Free Cash Flow	303.68	-58.07	-324.47	-212.25	14.49
Unlevered Free Cash Flow	312.84	-45.89	-324.3	-212.04	14.53
Change in Working Capital	271.96	21.56	74.82	5.99	2.92

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