IST:ALGYO 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	464.41	445.95	1,862	1,243	1,266	330.19	Upgrade
Depreciation & Amortization	1.2	1.45	1.65	1.25	0.05	0.02	Upgrade
Gain (Loss) on Sale of Assets	-0.04	-	-0.69	-38.09	-	-	Upgrade
Asset Writedown	-772.41	-772.41	-1,580	-1,375	-715.29	-149.7	Upgrade
Change in Accounts Receivable	-0.41	120.43	-57.79	122.89	-115.65	10.3	Upgrade
Change in Accounts Payable	244.11	-15.94	14.51	6.3	1.59	2.79	Upgrade
Change in Other Net Operating Assets	97.05	184.07	-220.81	-112.35	32.99	-2.13	Upgrade
Other Operating Activities	1,853	922.64	250.27	423.38	84.97	-274.82	Upgrade
Operating Cash Flow	2,215	886.19	269.28	271.68	554.97	-83.37	Upgrade
Operating Cash Flow Growth	178.95%	229.10%	-0.88%	-51.05%	-	-	Upgrade
Acquisition of Real Estate Assets	-2,892	-1,460	-904.99	-152.83	-451.98	-3.19	Upgrade
Sale of Real Estate Assets	0.15	-	-	73.76	-	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-2,892	-1,460	-904.99	-79.07	-451.98	-3.19	Upgrade
Cash Acquisition	-	-	-	-263.17	-49.47	-	Upgrade
Other Investing Activities	7.34	56.98	91.25	60.21	32.97	15.2	Upgrade
Investing Cash Flow	-2,884	-1,403	-813.75	-284.16	-468.58	12	Upgrade
Long-Term Debt Issued	-	1,054	720.74	205.64	-	-	Upgrade
Long-Term Debt Repaid	-	-326.18	-33.83	-6.29	-1.92	-1.76	Upgrade
Net Debt Issued (Repaid)	29.54	727.46	686.91	199.35	-1.92	-1.76	Upgrade
Repurchase of Common Stock	-	-	-14.76	-25.86	-	-	Upgrade
Common Dividends Paid	-	-8.1	-221.05	-208.67	-49.32	-38.77	Upgrade
Foreign Exchange Rate Adjustments	-108.86	-28.53	19.39	144.04	77.2	-	Upgrade
Miscellaneous Cash Flow Adjustments	-82.48	-76.96	-210.1	-73.43	-	-	Upgrade
Net Cash Flow	-828.85	97.28	-284.09	22.94	112.36	-111.89	Upgrade
Cash Income Tax Paid	4.38	7.01	4.18	1.83	0.95	-	Upgrade
Levered Free Cash Flow	138.23	200.41	-207.17	-102.39	-31.13	21.73	Upgrade
Unlevered Free Cash Flow	398.56	342.28	-201.57	-101.15	-30.5	22.58	Upgrade
Change in Working Capital	669.35	288.56	-263.93	16.74	-81.06	10.96	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.