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	TTM	FY 2024	FY 2023
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-724.78	91.09	642.28
Depreciation & Amortization	57.05	48.27	36.55
Loss (Gain) From Sale of Assets	-9.23	2.96	-3.2
Asset Writedown & Restructuring Costs	1.95	3.65	74.05
Other Operating Activities	-72.34	-93.49	-273.35
Change in Accounts Receivable	-173.83	252.24	-68.1
Change in Inventory	689.31	-373	-399.47
Change in Accounts Payable	72.08	-96.41	133.28
Change in Unearned Revenue	55.66	-57.87	26.5
Change in Other Net Operating Assets	643.48	-232.82	-258.91
Operating Cash Flow	539.35	-455.39	-90.36
Capital Expenditures	-95.41	-162.58	-386
Sale of Property, Plant & Equipment	-14.86	14.72	22.57
Other Investing Activities	74.21	90.7	2.73
Investing Cash Flow	-36.06	-57.16	-360.7
Long-Term Debt Issued	-	1,257	1,587
Long-Term Debt Repaid	-	-1,258	-877.88
Net Debt Issued (Repaid)	-1,369	-0.52	709.47
Issuance of Common Stock	-	1,598	9.98
Other Financing Activities	-183.94	-599.4	-243.64
Financing Cash Flow	-2,170	998.42	475.8
Net Cash Flow	-1,675	485.87	24.74
Free Cash Flow	443.94	-617.97	-476.37
Free Cash Flow Margin	20.71%	-27.18%	-19.99%
Free Cash Flow Per Share	-	-1.54	-1.58
Cash Interest Paid	206.82	377.61	243.72
Cash Income Tax Paid	1.63	14.95	66.66
Levered Free Cash Flow	-215.1	-600.55	-
Unlevered Free Cash Flow	-31.3	-364.55	-
Change in Working Capital	1,287	-507.86	-566.7

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