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	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
Net Income	-94.64	236.96	156.87	170.51	-0.37
Depreciation & Amortization	2.66	2.11	1.95	0.35	-
Asset Writedown	-754	-297	662.72	424.41	-
Change in Accounts Receivable	-5.76	-8.58	7.44	-18.39	-0.01
Change in Accounts Payable	35.1	8.75	-117.37	120.12	0.25
Change in Other Net Operating Assets	11.92	35.7	14.96	-24.91	0.21
Other Operating Activities	1,157	222.89	-532.01	282	-0.08
Operating Cash Flow	342.27	205.83	188.59	945.79	0
Operating Cash Flow Growth	134.86%	9.14%	-80.06%	54200161.66%	-
Acquisition of Real Estate Assets	6.36	-	-193.8	-2,663	-
Sale of Real Estate Assets	-	-	0.11	-	-
Net Sale / Acq. of Real Estate Assets	6.36	-	-193.7	-2,663	-
Cash Acquisition	-	-	-	-0.04	0.01
Other Investing Activities	7.27	140.54	64.77	0.01	-
Investing Cash Flow	13.62	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)	-259.03	-	-0.64	1,648	-
Issuance of Common Stock	-	-	749.33	294.73	0.09
Other Financing Activities	-166.84	-204.86	-278.48	-140.94	-
Miscellaneous Cash Flow Adjustments	-295.53	-272.49	-104.75	-	-
Net Cash Flow	-365.5	-130.99	425.11	84.28	0.1
Cash Interest Paid	166.84	204.86	278.48	140.94	-
Cash Income Tax Paid	-	0.15	6.17	0.13	-
Levered Free Cash Flow	-43.4	-86.57	-298.27	-10.05	-
Unlevered Free Cash Flow	88.5	85.84	-92.58	78.78	-
Change in Working Capital	31.28	40.86	-100.93	68.52	0.45

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