IST:RYGYO 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	17,180	9,229	12,560	8,324	1,548	410.43
Depreciation & Amortization	267.34	-	35.83	12.66	10.59	8.23
Asset Writedown	-	-	-	-	-1,579	-458.27
Income (Loss) on Equity Investments	-11.92	-	-	-	-4.77	-3.24
Change in Accounts Receivable	-76.06	10.16	234.88	-180.57	-83.9	-2.49
Change in Accounts Payable	51.1	-390.34	954.55	16.61	-17.73	29.62
Change in Other Net Operating Assets	-97.5	814.22	-728.7	159.89	-21	-6.45
Other Operating Activities	3,553	12,688	-55.08	-12.37	145.43	146.37
Operating Cash Flow	21,599	22,283	12,944	8,275	-2.81	123.63
Operating Cash Flow Growth	53.07%	72.15%	56.41%	-	-	-6.42%
Acquisition of Real Estate Assets	-15,812	-16,196	-23,282	-8,721	-256.24	-61.26
Sale of Real Estate Assets	20.17	-	-	-	9.92	13.38
Net Sale / Acq. of Real Estate Assets	-15,792	-16,196	-23,282	-8,721	-246.32	-47.88
Other Investing Activities	29.79	-2.78	-0.57	-	-	-
Investing Cash Flow	-15,762	-16,198	-23,283	-8,721	-246.32	-47.88
Long-Term Debt Issued	-	152.25	-	692.09	718.5	1,180
Long-Term Debt Repaid	-	-	-134.86	-	-518.04	-1,076
Net Debt Issued (Repaid)	1,995	152.25	-134.86	692.09	200.46	104.7
Repurchase of Common Stock	-	-	-	-	-2.01	-
Other Financing Activities	-7,083	-7,043	11,204	-	254.33	-0.56
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	751.28	-805.64	730.48	246.99	203.65	179.89
Cash Interest Paid	1,313	-	-	-	-	-
Cash Income Tax Paid	-	-	-	-	0.67	0.55
Levered Free Cash Flow	-14,441	-15,595	-21,328	-8,714	-69.46	54.63
Unlevered Free Cash Flow	-13,353	-14,294	-20,559	-8,335	49.6	137.53
Change in Working Capital	611.25	367.04	403.67	-48.89	-123.15	20.08

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