IST:AKMGY Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	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	2020 - 2016
Net Income	663.65	686.41	716.91	-159.35	649.12	Upgrade
Depreciation & Amortization	1.35	0.43	0.23	0.2	0.22	Upgrade
Gain (Loss) on Sale of Assets	-	-	-0.22	-0.1	-0.02	Upgrade
Asset Writedown	-309.24	-276.44	-253.93	429.07	-545.71	Upgrade
Change in Accounts Receivable	-44.99	-12.61	-1.35	-4.64	3.32	Upgrade
Change in Accounts Payable	14.81	-16.5	5.44	5.34	-0.05	Upgrade
Change in Other Net Operating Assets	-68.21	-1.39	6.68	15.72	-18.62	Upgrade
Other Operating Activities	290.4	267.44	29.02	-22.98	-6.72	Upgrade
Operating Cash Flow	552.92	647.33	502.04	263.79	81.42	Upgrade
Operating Cash Flow Growth	-14.58%	28.94%	90.32%	224.00%	30.40%	Upgrade
Acquisition of Real Estate Assets	-37.95	-50.87	-36.07	-8.7	-2.83	Upgrade
Sale of Real Estate Assets	0.16	-	0.58	1.06	0.08	Upgrade
Net Sale / Acq. of Real Estate Assets	-37.79	-50.87	-35.49	-7.64	-2.75	Upgrade
Other Investing Activities	262.07	239.83	91.58	21.6	5.71	Upgrade
Investing Cash Flow	224.29	188.96	56.08	13.97	2.96	Upgrade
Long-Term Debt Repaid	-1.65	-	-	-	-	Upgrade
Total Debt Repaid	-1.65	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	-1.65	-	-	-	-	Upgrade
Common Dividends Paid	-656.51	-475.54	-327.75	-240.64	-99.49	Upgrade
Miscellaneous Cash Flow Adjustments	-151.78	-163.26	-126.37	-	-	Upgrade
Net Cash Flow	-32.73	197.48	104	37.12	-15.12	Upgrade
Cash Income Tax Paid	39.54	-	-	-	-	Upgrade
Levered Free Cash Flow	534.24	394.08	311.79	183.28	38.98	Upgrade
Unlevered Free Cash Flow	534.94	394.08	311.79	183.28	38.98	Upgrade
Change in Working Capital	-98.39	-30.51	10.77	16.41	-15.34	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.