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

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