IST:KZGYO 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	154.38	236.96	156.87	170.51	-0.37
Depreciation & Amortization	2.32	2.11	1.95	0.35	-
Asset Writedown	-722.1	-297	662.72	424.41	-
Change in Accounts Receivable	7.59	-8.58	7.44	-18.39	-0.01
Change in Accounts Payable	5.52	8.75	-117.37	120.12	0.25
Change in Other Net Operating Assets	4.1	35.7	14.96	-24.91	0.21
Other Operating Activities	813.58	222.89	-532.01	282	-0.08
Operating Cash Flow	259.33	205.83	188.59	945.79	0
Operating Cash Flow Growth	-	9.14%	-80.06%	54200161.66%	-
Acquisition of Real Estate Assets	-	-	-193.8	-2,663	-
Sale of Real Estate Assets	-	-	0.11	-	-
Net Sale / Acq. of Real Estate Assets	-	-	-193.7	-2,663	-
Cash Acquisition	-	-	-	-0.04	0.01
Other Investing Activities	70.42	140.54	64.77	0.01	-
Investing Cash Flow	70.42	140.54	-128.93	-2,663	0.01
Long-Term Debt Issued	-	-	801.47	1,648	-
Long-Term Debt Repaid	-	-	-802.1	-	-
Net Debt Issued (Repaid)	-297.22	-	-0.64	1,648	-
Issuance of Common Stock	-	-	749.33	294.73	0.09
Other Financing Activities	-199.75	-204.86	-278.48	-140.94	-
Miscellaneous Cash Flow Adjustments	-262.9	-272.49	-104.75	-	-
Net Cash Flow	-430.11	-130.99	425.11	84.28	0.1
Cash Interest Paid	199.75	204.86	278.48	140.94	-
Cash Income Tax Paid	0.38	0.15	6.17	0.13	-
Levered Free Cash Flow	-44.51	-86.57	-298.27	-10.05	-
Unlevered Free Cash Flow	75.29	85.84	-92.58	78.78	-
Change in Working Capital	11.16	40.86	-100.93	68.52	0.45

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.