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	Sep '25 Sep 30, 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	-278.62	408.09	1,137	862.64	148.37	34.06
Depreciation & Amortization	174.6	121.03	112.75	78.61	14.42	13.16
Loss (Gain) From Sale of Assets	-16.61	-15.15	-	-4.76	0.61	-
Asset Writedown & Restructuring Costs	61.13	6.61	3.41	-	-	-
Other Operating Activities	166.08	-401.68	-570.21	-0.24	-10.43	37.49
Change in Accounts Receivable	128.05	-3.02	-155.04	-41.47	-60.7	9.06
Change in Inventory	218.55	95.53	343.86	-960.54	-92.78	102.75
Change in Accounts Payable	257.76	320.98	123.66	68.61	-1.41	3.37
Change in Other Net Operating Assets	598.69	721.75	-1,086	-200.57	-14.71	-47.53
Operating Cash Flow	1,310	1,254	-90.38	-197.73	-16.62	152.36
Capital Expenditures	-1,217	-1,185	-811.53	-43.52	-5.54	-18.81
Sale of Property, Plant & Equipment	28.28	28.28	-	5.32	-	-
Sale (Purchase) of Intangibles	-12.04	-	-	-	-0.08	-0.12
Investing Cash Flow	-1,201	-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)	-19.79	-140.43	-46.15	386.2	26.67	-135.48
Issuance of Common Stock	-	-	1,467	-	4	-
Common Dividends Paid	-117.77	-117.77	-331.38	-16.35	-8	-
Other Financing Activities	10.89	14.06	4.21	-	-	-
Financing Cash Flow	-132.11	-244.14	1,093	369.85	22.67	-135.48
Miscellaneous Cash Flow Adjustments	-26.21	-67.13	-75.86	-0.61	-	-
Net Cash Flow	-49.72	-213.37	115.58	133.31	0.43	-2.04
Free Cash Flow	92.37	69.63	-901.91	-241.25	-22.16	133.56
Free Cash Flow Margin	2.15%	1.65%	-16.68%	-7.41%	-3.96%	25.85%
Free Cash Flow Per Share	0.39	0.29	-3.76	-1.21	-0.11	0.67
Cash Income Tax Paid	17.26	17.26	138.83	222.56	0.07	-
Levered Free Cash Flow	-393.97	-607.5	-616.29	-732.65	-63.41	-
Unlevered Free Cash Flow	-372.86	-586.2	-522.65	-708.18	-51.42	-
Change in Working Capital	1,203	1,135	-773.1	-1,134	-169.6	67.65

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