Formul Plastik A.S. 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	190.96	159.83	295.46	296.81
Depreciation & Amortization	101.74	100.08	101.33	98.06
Asset Writedown & Restructuring Costs	-0.62	-0.62	-139.67	-
Other Operating Activities	661.04	84.71	285.72	796.81
Change in Accounts Receivable	-467.46	307.21	402.09	-55.32
Change in Inventory	-397.46	-0.68	-225.9	-76.71
Change in Accounts Payable	9.9	-0.74	-0.67	-114.33
Change in Unearned Revenue	85.27	-395.83	-199.42	83.68
Change in Other Net Operating Assets	21.18	-253.99	12.45	8.26
Operating Cash Flow	203.7	-0.03	531.38	1,037
Operating Cash Flow Growth	-	-	-48.77%	-
Capital Expenditures	-129.22	-176.48	-118.75	-508.72
Sale (Purchase) of Intangibles	-0.87	-2.43	-1.21	-8.48
Other Investing Activities	-16.38	-37.35	-70.94	-15.59
Investing Cash Flow	-145.6	-216.26	-190.91	-532.8
Long-Term Debt Issued	-	410.43	-	-
Long-Term Debt Repaid	-	-	-221.04	-204.5
Net Debt Issued (Repaid)	344.59	410.43	-221.04	-204.5
Other Financing Activities	-401.08	-201.88	-105.57	-199.57
Financing Cash Flow	-56.49	208.55	-326.61	-404.08
Foreign Exchange Rate Adjustments	-20.13	-20.13	-71.16	-65.09
Net Cash Flow	-8.87	-27.86	-57.29	35.29
Free Cash Flow	74.48	-176.51	412.63	528.53
Free Cash Flow Growth	-	-	-21.93%	-
Free Cash Flow Margin	2.15%	-4.99%	11.81%	13.43%
Free Cash Flow Per Share	0.57	-1.36	3.17	6.61
Cash Interest Paid	201.88	201.88	105.57	199.57
Cash Income Tax Paid	16.38	37.35	70.94	15.59
Levered Free Cash Flow	-	48.95	456.99	-
Unlevered Free Cash Flow	-	179.59	526.55	-
Change in Working Capital	-748.58	-344.03	-11.45	-154.42

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