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	-344.44	91.09	642.28
Depreciation & Amortization	53.31	48.27	36.55
Loss (Gain) From Sale of Assets	-2.06	2.96	-3.2
Asset Writedown & Restructuring Costs	2.6	3.65	74.05
Other Operating Activities	-11.95	-93.49	-273.35
Change in Accounts Receivable	-16.32	252.24	-68.1
Change in Inventory	259.04	-373	-399.47
Change in Accounts Payable	-18.51	-96.41	133.28
Change in Unearned Revenue	13.81	-57.87	26.5
Change in Other Net Operating Assets	235.46	-232.82	-258.91
Operating Cash Flow	170.94	-455.39	-90.36
Capital Expenditures	-117.32	-162.58	-386
Sale of Property, Plant & Equipment	-0.62	14.72	22.57
Other Investing Activities	68.63	90.7	2.73
Investing Cash Flow	-49.3	-57.16	-360.7
Long-Term Debt Issued	-	1,257	1,587
Long-Term Debt Repaid	-	-1,258	-877.88
Net Debt Issued (Repaid)	-613.94	-0.52	709.47
Issuance of Common Stock	-	1,598	9.98
Other Financing Activities	-354.77	-599.4	-243.64
Financing Cash Flow	-1,531	998.42	475.8
Net Cash Flow	-1,522	485.87	24.74
Free Cash Flow	53.62	-617.97	-476.37
Free Cash Flow Margin	2.73%	-27.18%	-19.99%
Free Cash Flow Per Share	0.13	-1.54	-1.58
Cash Interest Paid	121.27	377.61	243.72
Cash Income Tax Paid	-	14.95	66.66
Levered Free Cash Flow	-188.47	-600.55	-
Unlevered Free Cash Flow	-112.67	-364.55	-
Change in Working Capital	473.48	-507.86	-566.7

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