IST:ALGYO 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	-2,032	704.35	1,862	1,243	1,266	Upgrade
Depreciation & Amortization	1.65	1.89	1.65	1.25	0.05	Upgrade
Gain (Loss) on Sale of Assets	-	-	-0.69	-38.09	-	Upgrade
Asset Writedown	2,529	-1,011	-1,580	-1,375	-715.29	Upgrade
Change in Accounts Receivable	282.24	-16.71	-57.79	122.89	-115.65	Upgrade
Change in Accounts Payable	275.07	1.2	14.51	6.3	1.59	Upgrade
Change in Other Net Operating Assets	-156.06	-89.95	-220.81	-112.35	32.99	Upgrade
Other Operating Activities	664.88	1,228	250.27	423.38	84.97	Upgrade
Operating Cash Flow	1,564	817.27	269.28	271.68	554.97	Upgrade
Operating Cash Flow Growth	91.41%	203.51%	-0.88%	-51.05%	-	Upgrade
Acquisition of Real Estate Assets	-4,654	-1,911	-904.99	-152.83	-451.98	Upgrade
Sale of Real Estate Assets	0.12	-	-	73.76	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-4,654	-1,911	-904.99	-79.07	-451.98	Upgrade
Cash Acquisition	-	-1,355	-	-263.17	-49.47	Upgrade
Other Investing Activities	-	-	91.25	60.21	32.97	Upgrade
Investing Cash Flow	-3,663	-1,405	-813.75	-284.16	-468.58	Upgrade
Long-Term Debt Issued	2,555	1,596	720.74	205.64	-	Upgrade
Long-Term Debt Repaid	-706.19	-564.03	-33.83	-6.29	-1.92	Upgrade
Net Debt Issued (Repaid)	1,848	1,032	686.91	199.35	-1.92	Upgrade
Repurchase of Common Stock	-	-	-14.76	-25.86	-	Upgrade
Common Dividends Paid	-	-10.6	-221.05	-208.67	-49.32	Upgrade
Foreign Exchange Rate Adjustments	1.39	-	19.39	144.04	77.2	Upgrade
Miscellaneous Cash Flow Adjustments	-64.65	-307.12	-210.1	-73.43	-	Upgrade
Net Cash Flow	-313.94	127.33	-284.09	22.94	112.36	Upgrade
Cash Income Tax Paid	19.25	6.89	4.18	1.83	0.95	Upgrade
Levered Free Cash Flow	547.12	19.59	-207.17	-103.57	-31.13	Upgrade
Unlevered Free Cash Flow	726.31	205.28	-201.57	-102.32	-30.5	Upgrade
Change in Working Capital	401.24	-105.47	-263.93	16.74	-81.06	Upgrade

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