IST:SURGY 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	1,569	328.76	1,313	611.88
Depreciation & Amortization	1.67	1.67	0.65	0.05
Asset Writedown	-1,185	-1,185	-1,511	-747.19
Change in Accounts Receivable	-419.92	-375.89	116.73	-46.15
Change in Accounts Payable	-19.42	21.32	-2.22	36.6
Change in Other Net Operating Assets	1.32	0.37	0.6	9.47
Other Operating Activities	-935.77	619.04	43.35	42.07
Operating Cash Flow	-794.47	-468.42	626.13	132.5
Operating Cash Flow Growth	-	-	372.54%	-
Acquisition of Real Estate Assets	-	-	-	-0.43
Sale of Real Estate Assets	451.67	275.84	32.33	23.63
Net Sale / Acq. of Real Estate Assets	451.67	275.84	32.33	23.2
Other Investing Activities	1,121	561.65	-	-
Investing Cash Flow	1,572	837.49	32.33	23.2
Long-Term Debt Issued	-	40.09	-	-
Net Debt Issued (Repaid)	37.23	40.09	-	-
Issuance of Common Stock	-	-	75	45.07
Repurchase of Common Stock	-4.49	-3.47	-	-
Other Financing Activities	-1,354	-809.61	313.42	-199.02
Miscellaneous Cash Flow Adjustments	-34.26	-203.47	-386.92	-
Net Cash Flow	-577.72	-607.39	659.97	1.76
Levered Free Cash Flow	-1,458	-1,289	-632.56	-
Unlevered Free Cash Flow	-1,456	-1,288	-632.56	-
Change in Net Working Capital	1,348	1,164	552.72	-

Updated Mar 3, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.