GRAINTURK Holding 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	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	863.27	832.77	736.95	555.9	219.57	7.36
Depreciation & Amortization	123.73	91.28	48.96	11.06	0.8	0.87
Other Amortization	0.31	0.15	0.07	0.05	0.01	0.01
Loss (Gain) From Sale of Assets	18.67	18.67	-	-	-	-
Asset Writedown & Restructuring Costs	-821.76	-820.12	-225.88	-434.35	-140.13	-
Loss (Gain) From Sale of Investments	-	-	-	0.15	-0.57	-0.55
Provision & Write-off of Bad Debts	-	-	-	-145.7	16.15	3.09
Other Operating Activities	1,072	560.73	-325.54	-107.2	33.03	-0.52
Change in Accounts Receivable	-211.11	-134.43	-527.1	-12.1	-17.57	57.02
Change in Inventory	417.13	-296.55	369.98	8.54	-161.11	-8.47
Change in Accounts Payable	121.6	-88.48	165.88	3.23	-25.89	-50.9
Change in Unearned Revenue	-	-	-	-7.6	-27.65	9.05
Change in Other Net Operating Assets	-774.91	-93.4	-308.54	29.17	-17.13	-27.29
Operating Cash Flow	135.12	70.62	-65.24	-98.88	-120.49	-10.32
Capital Expenditures	574.14	-61.77	-363.18	-18.57	-5.44	-4.15
Sale of Property, Plant & Equipment	-340.4	12.98	50.27	27.87	3.59	1.62
Cash Acquisitions	-	-	-294.09	-	-	-
Sale (Purchase) of Intangibles	-0.28	-0.27	-0.02	-0.14	0.12	-0.01
Sale (Purchase) of Real Estate	-214.62	-214.62	-	-13.12	-1.2	-
Investing Cash Flow	-22.01	-263.68	-607.02	-3.95	-2.92	-2.54
Long-Term Debt Issued	-	248.76	292.37	830.21	204.32	16.5
Long-Term Debt Repaid	-	-33.03	-233.03	-734.14	-139.07	-8.91
Net Debt Issued (Repaid)	147.73	215.73	59.34	96.08	65.25	7.59
Issuance of Common Stock	150.17	-	635.27	-	85	-
Common Dividends Paid	-10.85	-10.85	-	-	-	-
Other Financing Activities	-81.33	-50.25	41.79	-43.74	-8.31	-0.65
Financing Cash Flow	95.55	154.63	736.4	52.34	141.94	6.94
Miscellaneous Cash Flow Adjustments	-20.79	-22.21	-	-	-	-
Net Cash Flow	187.87	-60.65	64.15	-50.49	18.53	-5.92
Free Cash Flow	709.26	8.85	-428.41	-117.45	-125.93	-14.47
Free Cash Flow Margin	10.76%	0.26%	-13.06%	-8.60%	-20.27%	-3.59%
Free Cash Flow Per Share	5.67	0.07	-3.43	-1.17	-	-
Cash Interest Paid	81.68	50.57	47.14	46.42	8.7	1.28
Cash Income Tax Paid	109.65	0.32	-	-	-	-
Levered Free Cash Flow	716.07	481.41	-758.78	-443.27	-214.36	-
Unlevered Free Cash Flow	782.76	556.88	-697.41	-417.02	-208.82	-
Change in Working Capital	-1,122	-612.86	-299.8	21.22	-249.34	-20.58

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