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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	9.71	4.03	310.16	156.87	170.51	-0.37
Depreciation & Amortization	3.57	2.55	2.76	1.95	0.35	-
Asset Writedown	-623.98	-623.98	-388.74	662.72	424.41	-
Change in Accounts Receivable	12.27	7.96	-11.23	7.44	-18.39	-0.01
Change in Accounts Payable	15.46	22.43	11.46	-117.37	120.12	0.25
Change in Other Net Operating Assets	-70.97	-1.88	46.73	14.96	-24.91	0.21
Other Operating Activities	861.98	805.57	291.74	-532.01	282	-0.08
Operating Cash Flow	311.17	231.37	269.41	188.59	945.79	0
Operating Cash Flow Growth	23.13%	-14.12%	42.86%	-80.06%	54200161.66%	-
Acquisition of Real Estate Assets	-45.11	-42.02	-	-193.8	-2,663	-
Sale of Real Estate Assets	-	-	-	0.11	-	-
Net Sale / Acq. of Real Estate Assets	-45.11	-42.02	-	-193.7	-2,663	-
Cash Acquisition	-	-	-	-	-0.04	0.01
Other Investing Activities	17.27	40.81	183.95	64.77	0.01	-
Investing Cash Flow	-27.85	-1.22	183.95	-128.93	-2,663	0.01
Short-Term Debt Issued	-	390.45	-	-	-	-
Long-Term Debt Issued	-	-	-	801.47	1,648	-
Total Debt Issued	575.53	390.45	-	801.47	1,648	-
Long-Term Debt Repaid	-	-594.44	-	-802.1	-	-
Net Debt Issued (Repaid)	-55.76	-203.99	-	-0.64	1,648	-
Issuance of Common Stock	-	-	-	749.33	294.73	0.09
Other Financing Activities	-275.61	-282.7	-268.14	-278.48	-140.94	-
Miscellaneous Cash Flow Adjustments	-164.4	-168.3	-356.67	-104.75	-	-
Net Cash Flow	-212.46	-424.84	-171.45	425.11	84.28	0.1
Cash Interest Paid	282.7	282.7	268.14	278.48	140.94	-
Cash Income Tax Paid	-	-	0.2	6.17	0.13	-
Levered Free Cash Flow	563.61	-94.38	-85.33	-298.27	-10.05	-
Unlevered Free Cash Flow	718.69	82.31	140.35	-92.58	78.78	-
Change in Working Capital	59.88	43.19	53.49	-100.93	68.52	0.45