IST:RGYAS 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	4,760	4,686	26,399	14,570	-1,971	-396.87
Depreciation & Amortization	16.08	17.34	17.31	18.31	3.96	0.12
Other Amortization	1.93	1.93	-	1.72	1.42	0.47
Gain (Loss) on Sale of Assets	-369.55	-0.07	-3.21	-138.88	-844.92	-66.08
Gain (Loss) on Sale of Investments	-7,215	-	4.56	-	-	-
Asset Writedown	-138.05	-191.6	-10,861	-7,571	-1,943	-1,487
Income (Loss) on Equity Investments	2,053	-133	-3,204	-1,827	-233.83	-152.84
Change in Accounts Receivable	-78.03	-230.94	-120.64	132.38	-322.25	-42.71
Change in Accounts Payable	189.28	313.72	409.41	283.28	137.8	-108.04
Change in Other Net Operating Assets	164.23	-1,217	-223.53	-65.92	-10.04	19.76
Other Operating Activities	14,870	10,166	11,587	4,506	15,818	2,778
Operating Cash Flow	13,612	11,701	24,308	9,928	10,714	560.48
Operating Cash Flow Growth	27.53%	-51.87%	144.85%	-7.33%	1811.51%	27.53%
Acquisition of Real Estate Assets	-240.5	-360.34	-340.27	-58.35	-185.06	-51.01
Sale of Real Estate Assets	409.88	309.04	88.19	406.24	-	-
Net Sale / Acq. of Real Estate Assets	169.38	-51.29	-252.08	347.89	-185.06	-51.01
Investment in Marketable & Equity Securities	-2,934	5.91	730.96	-3,000	-653.99	-177.11
Other Investing Activities	699.46	601.35	213.95	396.31	559.73	41.33
Investing Cash Flow	-2,066	554.72	695.93	-1,654	2,873	75.44
Long-Term Debt Issued	-	12,219	10,547	39.02	3,406	1,715
Long-Term Debt Repaid	-	-16,881	-7,620	-531.64	-4,345	-1,683
Net Debt Issued (Repaid)	-337.86	-4,662	2,927	-492.62	-938.53	31.66
Issuance of Common Stock	-	4,446	-	-	-	-
Other Financing Activities	-147.12	-2,604	-2,365	-2,009	-2,381	-156.15
Foreign Exchange Rate Adjustments	-	-	-	-8,212	-8,731	-
Miscellaneous Cash Flow Adjustments	-8,007	-8,156	-25,842	-	-	-
Net Cash Flow	1,923	1,280	-275.92	-2,440	1,536	511.43
Cash Interest Paid	1,646	2,444	3,030	2,109	2,862	479.44
Cash Income Tax Paid	535.71	244.6	23.11	-1.29	1.7	0.26
Levered Free Cash Flow	1,139	1,602	3,098	1,462	-1,241	115.23
Unlevered Free Cash Flow	2,080	3,558	5,508	2,906	634.23	413.69
Change in Working Capital	-440.34	-2,880	359.59	354.46	-118.43	-121.65

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