IST:ZGYO 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	-591.7	140.55	961.48
Depreciation & Amortization	7.77	7.84	2.19
Asset Writedown	-592.57	-592.57	-1,633
Change in Accounts Receivable	-2.64	-0.46	-13.05
Change in Accounts Payable	56.91	76.76	-6.57
Change in Other Net Operating Assets	405.33	568.71	92.86
Other Operating Activities	619.26	-34.02	665.06
Operating Cash Flow	-152.5	114.12	104.4
Operating Cash Flow Growth	-	9.31%	-
Acquisition of Real Estate Assets	-112.4	-58.21	-108.86
Sale of Real Estate Assets	3.52	2.24	0.45
Net Sale / Acq. of Real Estate Assets	-108.88	-55.97	-108.41
Investing Cash Flow	-108.88	-55.97	-108.44
Long-Term Debt Issued	-	12.55	2.43
Long-Term Debt Repaid	-	-13.65	-7.47
Net Debt Issued (Repaid)	-15.71	-1.1	-5.04
Other Financing Activities	-59.7	-53.38	-1.69
Net Cash Flow	80.97	3.67	-10.77
Cash Interest Paid	81.23	63.07	6.03
Levered Free Cash Flow	-	-144.79	-
Unlevered Free Cash Flow	-	-105.06	-
Change in Working Capital	404.74	592.31	108.94