IST:EMKEL 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	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	-18.35	-11.29	-31.86	-39.92	12.27	-0.41	Upgrade
Depreciation & Amortization	14.62	14.06	18.99	15.3	2.46	2.25	Upgrade
Loss (Gain) From Sale of Investments	0.83	0.83	1.31	0.02	-	-	Upgrade
Loss (Gain) on Equity Investments	1.43	4.6	-3.05	-	-0.23	-0.07	Upgrade
Other Operating Activities	-43.01	7.86	53.78	-38.76	21.32	3.46	Upgrade
Change in Accounts Receivable	-104.03	28.57	23.23	54.03	-33.58	-1.85	Upgrade
Change in Inventory	-241.99	-167.97	-53.45	84.97	-20.54	-3.48	Upgrade
Change in Accounts Payable	33.83	-49.15	-10.02	-104.26	22.47	19.17	Upgrade
Change in Unearned Revenue	115.99	5.68	0.26	4.21	0.7	-0.71	Upgrade
Change in Other Net Operating Assets	-97.1	88.53	-15.38	97.74	-32.99	-19.84	Upgrade
Operating Cash Flow	-337.78	-78.28	-16.18	73.33	-28.12	-1.49	Upgrade
Capital Expenditures	-329.26	-4.26	-6.48	-0.58	-15.37	-2.33	Upgrade
Sale of Property, Plant & Equipment	321.55	9.61	6.66	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-	-	-	-19.74	-	-	Upgrade
Investing Cash Flow	-7.71	5.36	0.18	-20.32	-15.37	-2.33	Upgrade
Long-Term Debt Issued	-	58.98	31.96	-	1.69	8.54	Upgrade
Long-Term Debt Repaid	-	-32.95	-33.4	-55.6	-5.35	-2.08	Upgrade
Net Debt Issued (Repaid)	317.16	26.03	-1.45	-55.6	-3.66	6.46	Upgrade
Issuance of Common Stock	-	3.02	108.1	-	51.03	-	Upgrade
Repurchase of Common Stock	-0.77	-	-	-	-	-	Upgrade
Common Dividends Paid	-	-	-	-1.34	-	-	Upgrade
Financing Cash Flow	357.49	29.05	106.65	-56.95	47.36	6.46	Upgrade
Foreign Exchange Rate Adjustments	-1.85	-	-	-11.36	-0.05	-0.73	Upgrade
Miscellaneous Cash Flow Adjustments	11.56	-24.73	-22.8	-	-	-	Upgrade
Net Cash Flow	21.71	-68.61	67.85	-15.3	3.83	1.91	Upgrade
Free Cash Flow	-667.04	-82.54	-22.65	72.75	-43.49	-3.81	Upgrade
Free Cash Flow Margin	-93.99%	-10.62%	-3.71%	14.90%	-18.36%	-3.69%	Upgrade
Free Cash Flow Per Share	-4.45	-0.55	-0.30	0.97	-0.58	-0.16	Upgrade
Levered Free Cash Flow	-808.28	-70.41	-130.74	-49.72	-22	-24.89	Upgrade
Unlevered Free Cash Flow	-734.37	-37.58	-116.5	-39.72	-16.67	-15.26	Upgrade
Change in Working Capital	-293.31	-94.34	-55.35	136.69	-63.94	-6.71	Upgrade

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