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 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	-397.01	-476.08	173.84	1,098	534.5	-103.64
Depreciation & Amortization	7.09	7.56	4.99	4.08	3.4	0.59
Gain (Loss) on Sale of Assets	16.73	-38.89	25.5	-136.2	-284.88	5.24
Asset Writedown	-	-	-74.74	-1,082	161.23	-72.16
Change in Accounts Receivable	-346.71	-378.49	-0.67	12.13	2.5	19.85
Change in Accounts Payable	-104.5	-98.04	-227.48	380.85	-19.22	-10.28
Change in Other Net Operating Assets	45.73	124.53	-11.4	145.8	348.89	-7.57
Other Operating Activities	355.61	496.96	276.44	133.76	-1,114	379.21
Operating Cash Flow	-137.55	56.51	6.88	-40.08	497.85	245.21
Operating Cash Flow Growth	-	721.47%	-	-	103.03%	1.42%
Acquisition of Real Estate Assets	-23.16	-23.23	-12.94	-104.29	-2.65	-0.36
Sale of Real Estate Assets	402.18	280.86	52.97	307.3	828.92	38.39
Net Sale / Acq. of Real Estate Assets	379.02	257.63	40.03	203.01	826.27	38.03
Investment in Marketable & Equity Securities	-166.71	-157.38	-52.77	-153.79	-	-
Other Investing Activities	43.33	36.74	-	-	-	-
Investing Cash Flow	255.64	136.99	-12.74	49.22	826.27	38.03
Short-Term Debt Issued	-	-	165.06	110.76	177.6	-
Long-Term Debt Issued	-	-	-	-	-	361.43
Total Debt Issued	-160.78	-	165.06	110.76	177.6	361.43
Short-Term Debt Repaid	-	-	-238.17	-392.17	-972.69	-2.12
Long-Term Debt Repaid	-	-124.95	-	-	-	-528.28
Total Debt Repaid	50.24	-124.95	-238.17	-392.17	-972.69	-530.4
Net Debt Issued (Repaid)	-110.54	-124.95	-73.11	-281.41	-795.09	-168.97
Issuance of Common Stock	-	-	-	-	-	175.71
Other Financing Activities	-63.32	-90.5	-26.79	19.1	34.91	-276.8
Foreign Exchange Rate Adjustments	35.22	38.22	16.08	50.97	-302.86	-
Miscellaneous Cash Flow Adjustments	-8.11	-8.36	-47.32	-128.97	-	-
Net Cash Flow	-28.66	7.9	-136.99	-331.18	261.07	13.19
Cash Interest Paid	-	-	110.79	92.31	318.15	200.41
Levered Free Cash Flow	-426.77	-282.15	-196.25	-104.52	-267.77	52.1
Unlevered Free Cash Flow	-388.51	-225.32	-117.96	-41.03	-65.84	179.68
Change in Working Capital	-119.98	66.96	-399.15	-57.58	1,198	35.97

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