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 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	18,505	16,306	6,134	26,399	14,570	-1,971
Depreciation & Amortization	44.92	29.63	25.22	17.31	18.31	3.96
Other Amortization	-	-	-	-	1.72	1.42
Gain (Loss) on Sale of Assets	-141.43	-141.43	-824.42	-3.21	-138.88	-844.92
Gain (Loss) on Sale of Investments	-9,816	-9,816	-	4.56	-	-
Asset Writedown	-5,917	-5,917	-250.79	-10,861	-7,571	-1,943
Income (Loss) on Equity Investments	-76.27	-88.53	-174.08	-3,204	-1,827	-233.83
Change in Accounts Receivable	197.39	730.12	27.1	-120.64	132.38	-322.25
Change in Accounts Payable	-1,684	-1,462	123.62	409.41	283.28	137.8
Change in Other Net Operating Assets	-2,330	-2,017	-3,718	-223.53	-65.92	-10.04
Other Operating Activities	8,706	8,887	4,548	11,587	4,506	15,818
Operating Cash Flow	6,336	5,504	3,417	24,308	9,928	10,714
Operating Cash Flow Growth	-	61.09%	-85.94%	144.85%	-7.33%	1811.51%
Acquisition of Real Estate Assets	-534.7	-485	-490.33	-340.27	-58.35	-185.06
Sale of Real Estate Assets	756.22	798.3	1,229	88.19	406.24	-
Net Sale / Acq. of Real Estate Assets	221.52	313.3	738.52	-252.08	347.89	-185.06
Investment in Marketable & Equity Securities	-4,082	-6,217	57.43	730.96	-3,000	-653.99
Other Investing Activities	566.99	504.54	787.11	213.95	396.31	559.73
Investing Cash Flow	-3,329	-5,409	1,581	695.93	-1,654	2,873
Long-Term Debt Issued	-	15,435	15,994	10,547	39.02	3,406
Long-Term Debt Repaid	-	-12,464	-22,096	-7,620	-531.64	-4,345
Net Debt Issued (Repaid)	4,182	2,970	-6,101	2,927	-492.62	-938.53
Issuance of Common Stock	-	-	5,855	-	-	-
Common Dividends Paid	-542.64	-542.64	-	-	-	-
Other Financing Activities	-1,724	-1,422	-4,004	-2,365	-2,009	-2,381
Foreign Exchange Rate Adjustments	-	-	-	-	-8,212	-8,731
Miscellaneous Cash Flow Adjustments	1,329	1,108	928.03	-25,842	-	-
Net Cash Flow	6,252	2,209	1,676	-275.92	-2,440	1,536
Cash Interest Paid	2,139	1,875	3,485	3,030	2,109	2,862
Cash Income Tax Paid	548.56	622.81	468.42	23.11	-1.29	1.7
Levered Free Cash Flow	4,317	3,674	2,146	3,098	1,462	-1,241
Unlevered Free Cash Flow	5,774	5,125	4,707	5,508	2,906	634.23
Change in Working Capital	-5,025	-3,842	-6,085	359.59	354.46	-118.43

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