IST:TSGYO 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	10.06	15.62	-29.36	517.37	982.69	124.88
Depreciation & Amortization	3.32	2.8	1.99	1.04	0.31	0.09
Other Amortization	0.03	0.03	0.03	0.04	0.03	0.01
Asset Writedown	-216.97	-143.19	-266.78	-485.22	-958.68	-140.12
Income (Loss) on Equity Investments	-30.74	-33.33	-18.99	-1.41	-6.55	-1.24
Change in Accounts Receivable	-8.63	-3.3	-2.52	1.33	2.41	-1.83
Change in Accounts Payable	21.76	-1.68	24.45	8.87	2.08	0.67
Change in Other Net Operating Assets	71.17	-26.33	-149.61	-5.94	8.1	3.44
Other Operating Activities	266.24	240.67	437.4	10.6	12.2	27.54
Operating Cash Flow	121.66	56.45	-0.8	46.72	42.74	13.88
Operating Cash Flow Growth	-	-	-	9.30%	208.01%	-54.47%
Acquisition of Real Estate Assets	-153.24	-31.19	-109.31	-1.43	-0.89	-0.1
Sale of Real Estate Assets	-	-	0.06	-	-	1.05
Net Sale / Acq. of Real Estate Assets	-153.24	-31.19	-109.26	-1.43	-0.89	0.94
Investing Cash Flow	-153.28	-31.24	-109.26	-1.53	-0.91	0.94
Long-Term Debt Issued	-	-	166.89	-	-	-
Long-Term Debt Repaid	-	-	-33.92	-	-	-150.58
Net Debt Issued (Repaid)	52.77	-	132.96	-	-	-150.58
Issuance of Common Stock	-	-	-	-	-	150.27
Other Financing Activities	-148.33	-90.25	-	24.46	-	-14.75
Foreign Exchange Rate Adjustments	-0	0	0.01	0.6	0.07	-0.07
Miscellaneous Cash Flow Adjustments	2.86	-5.91	-35.62	-39.43	-19.66	-
Net Cash Flow	-124.33	-70.95	-12.71	30.82	22.25	-0.3
Cash Interest Paid	90.25	90.25	-	-	-	14.75
Levered Free Cash Flow	148.78	37.03	-122.5	24.96	26.69	1.27
Unlevered Free Cash Flow	211.2	103.08	-89.5	25	26.69	9.31
Change in Working Capital	84.3	-31.31	-127.68	4.26	12.6	2.28