IST:VKGYO 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-244.05	3,037	1,928	1,747	474.69	118.59
Depreciation & Amortization	3.04	2.52	1.77	2.97	0.54	0.11
Other Amortization	0.45	2.5	3.65	-	-	-
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.15
Asset Writedown	-1,164	-4,855	-1,945	-731.92	-331.69	-86.43
Change in Accounts Receivable	1,284	-97.95	334.42	-144.42	-55.7	136.71
Change in Accounts Payable	76.2	-709.43	141.87	-465.92	45.89	256.63
Change in Other Net Operating Assets	-35.59	501.61	-502.48	1,081	-112.63	-15.44
Other Operating Activities	1,825	1,491	1,078	1,577	-145.36	-19.64
Operating Cash Flow	743.28	169.55	-1,025	1,947	167.02	615.71
Operating Cash Flow Growth	-	-	-	1065.90%	-72.87%	65197.13%
Acquisition of Real Estate Assets	-79.62	-89.47	-348.01	-1,868	-726.28	-174.27
Sale of Real Estate Assets	0.05	0	0.31	9.17	5.28	25.7
Net Sale / Acq. of Real Estate Assets	-79.58	-89.47	-347.7	-1,859	-721	-148.57
Investing Cash Flow	-79.82	-89.71	-348.63	-1,861	-722.66	-148.76
Long-Term Debt Issued	-	-	-	-	-	346.15
Total Debt Issued	-	-	-	-	-	346.15
Long-Term Debt Repaid	-	-102.14	-148.72	-193.06	-73.13	-291.72
Total Debt Repaid	-12.65	-102.14	-148.72	-193.06	-73.13	-291.72
Net Debt Issued (Repaid)	-12.65	-102.14	-148.72	-193.06	-73.13	54.42
Issuance of Common Stock	-	-	1,137	-	522.14	262.25
Other Financing Activities	784.33	455.49	769.23	105.63	144.99	22.36
Miscellaneous Cash Flow Adjustments	-433.22	-362	-1,135	-879.09	-	-
Net Cash Flow	1,002	71.2	-751.15	-879.92	38.37	805.98
Cash Interest Paid	-	8.36	96.7	49.02	12.49	6.24
Levered Free Cash Flow	1,416	1,994	-3,008	244.35	-188.4	555.91
Unlevered Free Cash Flow	1,416	2,000	-2,925	269.3	-180.22	562.89
Change in Working Capital	323.83	490.04	-2,092	-648.7	168.16	603.22

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.