Bor Seker A.S. Cash Flow Statement

Financials in millions TRY. Fiscal year is April - March.

Millions TRY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	-186.48	408.09	1,137	862.64	148.37	34.06
Depreciation & Amortization	219.11	121.03	112.75	78.61	14.42	13.16
Loss (Gain) From Sale of Assets	-26.19	-15.15	-	-4.76	0.61	-
Asset Writedown & Restructuring Costs	3.03	6.61	3.41	-	-	-
Other Operating Activities	331.98	-401.68	-570.21	-0.24	-10.43	37.49
Change in Accounts Receivable	-223.14	-3.02	-155.04	-41.47	-60.7	9.06
Change in Inventory	-66.3	95.53	343.86	-960.54	-92.78	102.75
Change in Accounts Payable	458.38	320.98	123.66	68.61	-1.41	3.37
Change in Other Net Operating Assets	731.64	721.75	-1,086	-200.57	-14.71	-47.53
Operating Cash Flow	1,302	1,254	-90.38	-197.73	-16.62	152.36
Capital Expenditures	-1,189	-1,185	-811.53	-43.52	-5.54	-18.81
Sale of Property, Plant & Equipment	25.28	28.28	-	5.32	-	-
Sale (Purchase) of Intangibles	-0.84	-	-	-	-0.08	-0.12
Investing Cash Flow	-1,164	-1,156	-811.53	-38.2	-5.61	-18.92
Long-Term Debt Issued	-	-	-	386.57	26.67	-
Long-Term Debt Repaid	-	-140.43	-46.15	-0.37	-	-135.48
Net Debt Issued (Repaid)	181.2	-140.43	-46.15	386.2	26.67	-135.48
Issuance of Common Stock	-	-	1,467	-	4	-
Common Dividends Paid	-179.3	-117.77	-331.38	-16.35	-8	-
Other Financing Activities	0.98	14.06	4.21	-	-	-
Financing Cash Flow	2.88	-244.14	1,093	369.85	22.67	-135.48
Miscellaneous Cash Flow Adjustments	-23.88	-67.13	-75.86	-0.61	-	-
Net Cash Flow	116.45	-213.37	115.58	133.31	0.43	-2.04
Free Cash Flow	113.01	69.63	-901.91	-241.25	-22.16	133.56
Free Cash Flow Margin	2.53%	1.65%	-16.68%	-7.41%	-3.96%	25.85%
Free Cash Flow Per Share	0.12	0.07	-0.94	-0.30	-0.03	0.17
Cash Income Tax Paid	12.72	17.26	138.83	222.56	0.07	-
Levered Free Cash Flow	-691.35	-607.5	-616.29	-732.65	-63.41	-
Unlevered Free Cash Flow	-672.1	-586.2	-522.65	-708.18	-51.42	-
Change in Working Capital	900.57	1,135	-773.1	-1,134	-169.6	67.65

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.