IST:OZKGY 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	2015 - 2019
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	2015 - 2019
Net Income	358.31	1,727	4,248	8,184	2,524	617.54	Upgrade
Depreciation & Amortization	620.89	507.56	314.91	46.19	46	32.24	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-167.51	11.32	Upgrade
Asset Writedown	-1,631	-340.29	-3,611	-5,622	-1,577	-357.18	Upgrade
Change in Accounts Receivable	-1,102	-365.51	-399.16	-77.9	-179.51	-214.94	Upgrade
Change in Accounts Payable	-619.63	371.37	-26.39	-653.97	-296.2	325.64	Upgrade
Change in Other Net Operating Assets	-473.07	1,214	-425.04	-1,702	13.84	-73.91	Upgrade
Other Operating Activities	-1,415	478.87	1,487	795.5	8.37	103.05	Upgrade
Operating Cash Flow	-2,196	3,227	1,665	2,749	671.33	340.83	Upgrade
Operating Cash Flow Growth	-	93.84%	-39.44%	309.43%	96.97%	130.84%	Upgrade
Acquisition of Real Estate Assets	-415.49	-1,283	-2,199	-503.92	-389.41	-49.97	Upgrade
Sale of Real Estate Assets	4.77	-	-	0.11	0.13	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-410.72	-1,283	-2,199	-503.81	-389.28	-49.97	Upgrade
Investment in Marketable & Equity Securities	191.93	79.87	-844.5	-2,722	-	-	Upgrade
Other Investing Activities	524.23	451.06	439.74	161.09	27.19	13.02	Upgrade
Investing Cash Flow	305.45	-751.99	-2,604	-3,065	-362.09	-36.95	Upgrade
Long-Term Debt Issued	-	325.04	1,464	1,436	160	680.29	Upgrade
Long-Term Debt Repaid	-	-1,125	-667.65	-181.31	-132.2	-847.58	Upgrade
Net Debt Issued (Repaid)	4,987	-800.1	795.95	1,255	27.8	-167.3	Upgrade
Other Financing Activities	-784.75	-765.06	-654.15	-366.3	-59.89	-65.76	Upgrade
Foreign Exchange Rate Adjustments	-373.59	-286.99	-1,106	-881.46	-	-	Upgrade
Net Cash Flow	1,938	622.45	-1,903	-308.86	277.14	70.82	Upgrade
Cash Interest Paid	784.75	765.06	654.15	366.3	59.89	65.76	Upgrade
Cash Income Tax Paid	60.66	17.88	5.85	3	0.93	-2.45	Upgrade
Levered Free Cash Flow	-1,796	1,434	-5,566	-1,513	804.39	-225.05	Upgrade
Unlevered Free Cash Flow	-1,282	1,916	-5,157	-1,284	842.97	-178.18	Upgrade
Change in Working Capital	-127.37	846.38	-777.74	-657.13	-162.24	-66.59	Upgrade

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.