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

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