IST:RYGYO Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	26,293	9,229	12,560	8,324	1,548
Depreciation & Amortization	178.21	-	35.83	12.66	10.59
Gain (Loss) on Sale of Investments	-15,772	-	-	-	-
Asset Writedown	-	-	-	-	-1,579
Income (Loss) on Equity Investments	-216	-	-	-	-4.77
Change in Accounts Receivable	37.1	10.16	234.88	-180.57	-83.9
Change in Accounts Payable	495.6	-390.34	954.55	16.61	-17.73
Change in Other Net Operating Assets	-597.14	814.22	-728.7	159.89	-21
Other Operating Activities	-5,293	12,688	-55.08	-12.37	145.43
Operating Cash Flow	5,314	22,283	12,944	8,275	-2.81
Operating Cash Flow Growth	-76.15%	72.15%	56.41%	-	-
Acquisition of Real Estate Assets	-3,812	-16,196	-23,282	-8,721	-256.24
Sale of Real Estate Assets	19.85	-	-	-	9.92
Net Sale / Acq. of Real Estate Assets	-3,792	-16,196	-23,282	-8,721	-246.32
Other Investing Activities	41.57	-2.78	-0.57	-	-
Investing Cash Flow	-3,750	-16,198	-23,283	-8,721	-246.32
Long-Term Debt Issued	2,996	152.25	-	692.09	718.5
Long-Term Debt Repaid	-3,975	-	-134.86	-	-518.04
Net Debt Issued (Repaid)	-978.88	152.25	-134.86	692.09	200.46
Repurchase of Common Stock	-	-	-	-	-2.01
Other Financing Activities	59.28	-7,043	11,204	-	254.33
Foreign Exchange Rate Adjustments	1.89	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-0	-	-	-
Net Cash Flow	645.98	-805.64	730.48	246.99	203.65
Cash Income Tax Paid	-	-	-	-	0.67
Levered Free Cash Flow	1,044	-15,595	-21,328	-8,714	-69.46
Unlevered Free Cash Flow	2,445	-14,294	-20,559	-8,335	49.6
Change in Working Capital	123.5	367.04	403.67	-48.89	-123.15

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