Panora Gayrimenkul Yatirim Ortakligi A.S. (IST:PAGYO)

IST:PAGYO Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	730.36	820.7	3,811	1,812	249.69	29.43
Depreciation & Amortization	0.38	0.29	1.13	0.76	0.13	0.13
Other Amortization	-	-	-	-	0.03	0.03
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.01
Asset Writedown	-466.98	-466.98	-3,424	-1,649	-201.09	0.46
Change in Accounts Receivable	6.38	17.19	-9.34	-42.5	-5.48	1.7
Change in Accounts Payable	-232.21	-316.68	647.28	12.06	2.5	-0.75
Change in Other Net Operating Assets	5.33	15.9	9.13	9.04	3.25	-2.04
Other Operating Activities	334.92	202.66	-294.09	46.81	-1.26	0.93
Operating Cash Flow	394.78	288.05	751.21	189.05	47.72	29.54
Operating Cash Flow Growth	-54.49%	-61.66%	297.36%	296.15%	61.55%	-47.77%
Acquisition of Real Estate Assets	-3.14	-2.21	-1,072	-0.55	-0.57	-7.82
Sale of Real Estate Assets	-	-	-	-	-	0.02
Net Sale / Acq. of Real Estate Assets	-3.14	-2.21	-1,072	-0.55	-0.57	-7.79
Investing Cash Flow	-3.14	-2.21	-1,073	-0.69	-0.58	-7.83
Short-Term Debt Issued	-	-	-	9.89	-	-
Total Debt Issued	-	-	-	9.89	-	-
Short-Term Debt Repaid	-	-10.82	-3.36	-	-	-
Total Debt Repaid	1.85	-10.82	-3.36	-	-	-
Net Debt Issued (Repaid)	1.85	-10.82	-3.36	9.89	-	-
Common Dividends Paid	-732.67	-279.39	-194.02	-78.62	-39.85	-38.54
Other Financing Activities	92.72	73.88	57.07	10.23	1.37	-
Miscellaneous Cash Flow Adjustments	4.78	14.31	75.25	-	-	-
Net Cash Flow	-241.68	83.83	-386.6	129.86	8.66	-16.83
Cash Income Tax Paid	-	-	-	0.32	0.05	-0.44
Levered Free Cash Flow	360.74	227.93	416.38	101.83	8.88	34.01
Unlevered Free Cash Flow	423.26	293	426.28	101.83	9.23	34.24
Change in Working Capital	-218.21	-284.82	648.76	-20.95	0.07	-1.74

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