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	Mar '25 Mar 31, 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	901.08	832.77	736.95	555.9	219.57	7.36
Depreciation & Amortization	103.41	91.28	48.96	11.06	0.8	0.87
Other Amortization	0.2	0.15	0.07	0.05	0.01	0.01
Loss (Gain) From Sale of Assets	20.17	18.67	-	-	-	-
Asset Writedown & Restructuring Costs	-820.28	-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	493.68	560.73	-325.54	-107.2	33.03	-0.52
Change in Accounts Receivable	-369.96	-134.43	-527.1	-12.1	-17.57	57.02
Change in Inventory	27.1	-296.55	369.98	8.54	-161.11	-8.47
Change in Accounts Payable	299.49	-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	-996.42	-93.4	-308.54	29.17	-17.13	-27.29
Operating Cash Flow	-341.53	70.62	-65.24	-98.88	-120.49	-10.32
Capital Expenditures	-51.74	-61.77	-363.18	-18.57	-5.44	-4.15
Sale of Property, Plant & Equipment	12.99	12.98	50.27	27.87	3.59	1.62
Cash Acquisitions	73.69	-	-294.09	-	-	-
Sale (Purchase) of Intangibles	0.04	-0.27	-0.02	-0.14	0.12	-0.01
Investing Cash Flow	-171.58	-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)	380.32	215.73	59.34	96.08	65.25	7.59
Issuance of Common Stock	-	-	635.27	-	85	-
Common Dividends Paid	-10.85	-10.85	-	-	-	-
Other Financing Activities	216.95	-50.25	41.79	-43.74	-8.31	-0.65
Financing Cash Flow	571.41	154.63	736.4	52.34	141.94	6.94
Miscellaneous Cash Flow Adjustments	-23.38	-22.21	-	-	-	-
Net Cash Flow	34.92	-60.65	64.15	-50.49	18.53	-5.92
Free Cash Flow	-393.27	8.85	-428.41	-117.45	-125.93	-14.47
Free Cash Flow Margin	-8.61%	0.26%	-13.06%	-8.60%	-20.27%	-3.59%
Free Cash Flow Per Share	-3.15	0.07	-3.43	-1.17	-	-
Cash Interest Paid	76.34	50.57	47.14	46.42	8.7	1.28
Cash Income Tax Paid	-	0.32	-	-	-	-
Levered Free Cash Flow	317.35	481.41	-758.78	-443.27	-214.36	-
Unlevered Free Cash Flow	406.87	556.88	-697.41	-417.02	-208.82	-
Change in Net Working Capital	-59.89	-218.53	651.01	652.78	251.59	-

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