IST:SEGYO 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	-1,274	-349.71	842.93	1,290	125.47
Depreciation & Amortization	8.59	7.23	4.62	1.29	0.68
Gain (Loss) on Sale of Assets	-	-2.45	-	-36.36	0.04
Asset Writedown	289.98	180.25	-806.09	-1,075	-223.24
Change in Accounts Receivable	-7.29	-50.67	138.47	-23.29	1.53
Change in Accounts Payable	1.36	-13.34	13.71	-0.09	-1.64
Change in Other Net Operating Assets	-3.59	-4.14	-3.24	110.65	-2.98
Other Operating Activities	988.05	258.59	134.71	-427.18	223.26
Operating Cash Flow	-19.83	248.21	125.3	-213.38	122.84
Operating Cash Flow Growth	-	98.08%	-	-	-35.85%
Acquisition of Real Estate Assets	-75.52	-7.73	-13.27	-0.09	-0.09
Sale of Real Estate Assets	201.04	35.85	-	69.2	13.45
Net Sale / Acq. of Real Estate Assets	125.52	28.12	-13.27	69.11	13.36
Investment in Marketable & Equity Securities	-	372.54	-	-	-
Investing Cash Flow	125.52	400.57	-13.3	68.92	13.36
Long-Term Debt Issued	136.52	86.79	416.64	-	174
Long-Term Debt Repaid	-350.51	-532.45	-299.74	-582	-87.49
Net Debt Issued (Repaid)	-214	-445.65	116.9	-582	86.51
Issuance of Common Stock	-	-	46.61	386.72	-
Repurchase of Common Stock	-	-	-	-6.42	-
Other Financing Activities	4.73	-106.92	-205.81	-	-
Foreign Exchange Rate Adjustments	-	-91.94	-140.6	-187.58	-
Miscellaneous Cash Flow Adjustments	-93.72	-	-	-	-
Net Cash Flow	-197.29	4.26	-70.89	-533.74	222.71
Cash Interest Paid	-	106.92	205.81	-	-
Levered Free Cash Flow	-2,803	97.07	-108.24	4.43	-48.11
Unlevered Free Cash Flow	-2,717	151.75	-1.82	48.29	-29.67
Change in Working Capital	-32.22	154.29	-50.86	34.06	-3.36

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