Gundogdu Gida Sut Urunleri Sanayi ve Dis Ticaret Anonim Sirketi (IST:GUNDG)

IST:GUNDG Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-83.92	-17.27	30.39
Depreciation & Amortization	26.72	18.55	12.91
Other Amortization	0.72	0.72	0.85
Asset Writedown & Restructuring Costs	3.79	4.19	-1.99
Other Operating Activities	21.9	-70.97	-53.86
Change in Accounts Receivable	-10.85	3.36	123.15
Change in Inventory	9.93	17.47	-60.76
Change in Accounts Payable	-35.8	-104.95	-193.55
Change in Unearned Revenue	51.33	-47.66	-85.12
Change in Other Net Operating Assets	10.44	-21.45	237.59
Operating Cash Flow	-5.76	-218.02	9.6
Capital Expenditures	-95.96	-50.03	-28.12
Sale of Property, Plant & Equipment	7.92	0.24	0.76
Investing Cash Flow	-83.14	-49.79	-27.36
Long-Term Debt Issued	-	396.73	406.51
Long-Term Debt Repaid	-	-480.6	-370.05
Net Debt Issued (Repaid)	-96.69	-83.87	36.46
Issuance of Common Stock	-	335.61	-
Other Financing Activities	34.69	-7.16	-1.27
Financing Cash Flow	-149.54	244.59	35.19
Miscellaneous Cash Flow Adjustments	33.95	32.55	13.14
Net Cash Flow	-204.48	9.34	30.57
Free Cash Flow	-101.72	-268.05	-18.52
Free Cash Flow Margin	-7.48%	-12.39%	-0.77%
Free Cash Flow Per Share	-3.06	-8.05	-0.62
Cash Interest Paid	1.62	7.16	1.27
Cash Income Tax Paid	-	-4.16	10.67
Levered Free Cash Flow	-	-113.58	-
Unlevered Free Cash Flow	-	-111.72	-
Change in Working Capital	25.05	-153.24	21.3

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