IST:SRVGY 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	2,450	3,339	2,600	7,235	4,709	672.36
Depreciation & Amortization	7.75	7.34	8.15	3.42	2.26	0.18
Gain (Loss) on Sale of Investments	78.74	-143.7	-	-	-	-
Asset Writedown	-3,776	-3,776	-7,550	-1,889	-4,143	-1,641
Change in Accounts Receivable	45.92	42.13	34.85	-76	68.7	-52.05
Change in Accounts Payable	338.17	554.53	-89.23	62.81	14	-80.63
Change in Other Net Operating Assets	-77.18	-19.56	-675.27	-370.38	-177.13	1,840
Other Operating Activities	3,632	3,697	5,649	-2,826	540.1	1,168
Operating Cash Flow	1,166	1,978	-105.96	1,729	1,439	1,520
Operating Cash Flow Growth	-4.38%	-	-	20.12%	-5.29%	8969.97%
Acquisition of Real Estate Assets	-889.1	-888.8	-64.11	-80.71	-51.66	-1,494
Sale of Real Estate Assets	-	-	-	-	-	56.88
Net Sale / Acq. of Real Estate Assets	-889.1	-888.8	-64.11	-80.71	-51.66	-1,437
Investment in Marketable & Equity Securities	896.5	-	-	-	-	-
Investing Cash Flow	7.4	-888.8	-64.11	-80.71	-51.66	-1,437
Long-Term Debt Issued	-	-	327.23	-	41.19	805.38
Long-Term Debt Repaid	-	-198.16	-132.78	-359.63	-413.08	-195.78
Net Debt Issued (Repaid)	-198.87	-198.16	194.45	-359.63	-371.89	609.61
Common Dividends Paid	-840.05	-750.02	-	-	-	-
Other Financing Activities	-125.54	-150.47	-153.71	-1,134	-1,553	-186.99
Foreign Exchange Rate Adjustments	-5	-2.85	-1.59	-	-916.8	-
Miscellaneous Cash Flow Adjustments	-1.72	-9.14	-46.36	-6.71	-	-
Net Cash Flow	2.28	-21.52	-177.29	148.01	-1,454	505.07
Cash Interest Paid	126.82	150.47	171.42	1,170	1,553	49.67
Cash Income Tax Paid	-	-	-	-	-	75.8
Levered Free Cash Flow	-273.61	-2,791	1,190	-27.32	334.62	1,704
Unlevered Free Cash Flow	-170.18	-2,699	1,317	855.42	513.05	1,735
Change in Working Capital	-1,227	-1,145	-812.37	-794.34	331.12	1,320