Cem Zeytin Anonim Sirketi 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-497.12	119.22	642.28
Depreciation & Amortization	69.61	63.18	36.55
Loss (Gain) From Sale of Assets	10.95	3.87	-3.2
Asset Writedown & Restructuring Costs	0.9	4.78	74.05
Other Operating Activities	372.92	-99.8	-273.35
Change in Accounts Receivable	-162.8	330.16	-68.1
Change in Inventory	521.13	-488.23	-399.47
Change in Accounts Payable	-96.72	-126.19	133.28
Change in Unearned Revenue	2.31	-75.74	26.5
Change in Other Net Operating Assets	57.95	-304.75	-258.91
Operating Cash Flow	279.13	-573.5	-90.36
Capital Expenditures	-72.04	-212.81	-386
Sale of Property, Plant & Equipment	-	19.27	22.57
Other Investing Activities	13.5	102.67	2.73
Investing Cash Flow	-58.55	-90.87	-360.7
Long-Term Debt Issued	689.73	1,646	1,587
Long-Term Debt Repaid	-551.39	-1,646	-877.88
Net Debt Issued (Repaid)	138.33	-0.68	709.47
Issuance of Common Stock	-	2,092	9.98
Repurchase of Common Stock	-162.8	-290.15	-
Other Financing Activities	-219.41	-478.38	-243.64
Financing Cash Flow	-243.87	1,323	475.8
Miscellaneous Cash Flow Adjustments	-161.41	-22.57	-
Net Cash Flow	-184.7	635.96	24.74
Free Cash Flow	207.09	-786.3	-476.37
Free Cash Flow Margin	7.39%	-26.43%	-19.99%
Free Cash Flow Per Share	0.52	-1.96	-1.58
Cash Interest Paid	222.64	494.26	243.72
Cash Income Tax Paid	3.62	19.57	66.66
Levered Free Cash Flow	495.48	-1,389	-
Unlevered Free Cash Flow	634.63	-1,080	-
Change in Working Capital	321.88	-664.75	-566.7

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