IST:KZBGY 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	6,729	7,274	-2,736	3,210	139.55
Depreciation & Amortization	13.53	13.13	7.69	11.39	1.56
Asset Writedown	-5,970	-5,970	2,788	-2,745	-12.79
Change in Accounts Receivable	-988	-603.7	-830.36	-	-
Change in Accounts Payable	125.58	178.04	275.9	-45.69	-43.37
Change in Other Net Operating Assets	-616.57	-472.91	342.05	-729.41	-81.18
Other Operating Activities	2,671	2,624	261.36	547.85	12.58
Operating Cash Flow	-437.15	-159.66	989.35	543.72	468.12
Operating Cash Flow Growth	-	-	81.96%	16.15%	-
Acquisition of Real Estate Assets	-1,008	-880.78	-1,211	-537.01	-16.56
Net Sale / Acq. of Real Estate Assets	-1,008	-880.78	-1,211	-537.01	-16.56
Investing Cash Flow	-1,008	-880.78	-1,211	-537.11	-16.62
Long-Term Debt Issued	-	1,158	-	658.38	-
Long-Term Debt Repaid	-	-20.84	-1.56	-504.96	-
Total Debt Repaid	-18.89	-20.84	-1.56	-504.96	-0.93
Net Debt Issued (Repaid)	1,919	1,137	-1.56	153.41	-0.93
Other Financing Activities	-416.41	-198.13	-1.67	-65.49	-0.58
Foreign Exchange Rate Adjustments	-25.73	-47.44	-245.83	-577.47	-11.66
Net Cash Flow	31.91	-149.08	-470.67	-482.93	438.34
Cash Interest Paid	-	-	-	-	0.58
Levered Free Cash Flow	-2,289	-516.3	-435.07	-981.29	-
Unlevered Free Cash Flow	-2,027	-403.82	-432.95	-966.64	-
Change in Net Working Capital	3,993	2,260	445.29	915.15	-

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.