IST:NUGYO 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	FY 2020
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	Dec '20 Dec 31, 2020
Net Income	-177.89	173.84	1,098	534.5	-103.64	-217.21
Depreciation & Amortization	6.12	4.99	4.08	3.4	0.59	0.37
Gain (Loss) on Sale of Assets	-6.48	25.5	-136.2	-284.88	5.24	-1.1
Asset Writedown	-74.74	-74.74	-1,082	161.23	-72.16	-19.5
Change in Accounts Receivable	10.74	-0.67	12.13	2.5	19.85	-3.03
Change in Accounts Payable	-386.26	-227.48	380.85	-19.22	-10.28	-5.17
Change in Other Net Operating Assets	43.29	-11.4	145.8	348.89	-7.57	-2
Other Operating Activities	556.24	276.44	133.76	-1,114	379.21	299.55
Operating Cash Flow	-47.31	6.88	-40.08	497.85	245.21	241.78
Operating Cash Flow Growth	-	-	-	103.03%	1.42%	-
Acquisition of Real Estate Assets	-8.12	-12.94	-104.29	-2.65	-0.36	-2.16
Sale of Real Estate Assets	-13.25	52.97	307.3	828.92	38.39	12.98
Net Sale / Acq. of Real Estate Assets	-21.37	40.03	203.01	826.27	38.03	10.83
Investment in Marketable & Equity Securities	203.95	-52.77	-153.79	-	-	-
Investing Cash Flow	182.58	-12.74	49.22	826.27	38.03	10.83
Short-Term Debt Issued	-	165.06	110.76	177.6	-	-
Long-Term Debt Issued	-	-	-	-	361.43	827.23
Total Debt Issued	69.67	165.06	110.76	177.6	361.43	827.23
Short-Term Debt Repaid	-	-238.17	-392.17	-972.69	-2.12	-53.21
Long-Term Debt Repaid	-	-	-	-	-528.28	-1,034
Total Debt Repaid	-147.38	-238.17	-392.17	-972.69	-530.4	-1,088
Net Debt Issued (Repaid)	-77.71	-73.11	-281.41	-795.09	-168.97	-260.34
Issuance of Common Stock	-	-	-	-	175.71	190
Other Financing Activities	-27.68	-26.79	19.1	34.91	-276.8	-185.58
Foreign Exchange Rate Adjustments	-19.17	16.08	50.97	-302.86	-	-
Miscellaneous Cash Flow Adjustments	-3.34	-47.32	-128.97	-	-	-
Net Cash Flow	7.36	-136.99	-331.18	261.07	13.19	-3.32
Cash Interest Paid	60.1	110.79	92.31	318.15	200.41	211.78
Levered Free Cash Flow	149.4	-196.25	-104.52	-267.77	52.1	90.42
Unlevered Free Cash Flow	184.89	-117.96	-41.03	-65.84	179.68	221.93
Change in Working Capital	-350.55	-399.15	-57.58	1,198	35.97	179.67

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.