Nuh Çimento Sanayi A.S. Cash Flow Statement

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

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	746.27	2,401	2,781	2,149	642.43
Depreciation & Amortization	1,524	1,543	988.26	672.18	91.54
Loss (Gain) From Sale of Assets	-171.78	-40.37	-107.77	18.55	-5.42
Loss (Gain) From Sale of Investments	11.93	405.56	-	-	-
Provision & Write-off of Bad Debts	13.5	11.29	24.61	41.57	5.96
Other Operating Activities	754.73	-538.03	1,910	1,183	8.99
Change in Accounts Receivable	-598.53	-364.63	-889.7	-465.63	-129.77
Change in Inventory	816.47	-173.99	-445.4	-624.11	-289.21
Change in Accounts Payable	-203.94	1,046	255.53	375.35	48.76
Change in Other Net Operating Assets	837.23	-574.86	149.45	81.31	-147.89
Operating Cash Flow	3,730	3,715	4,666	3,432	225.39
Operating Cash Flow Growth	0.40%	-20.37%	35.96%	1422.49%	-54.18%
Capital Expenditures	-1,364	-1,756	-1,679	-981.83	-233.87
Sale of Property, Plant & Equipment	71.84	4.69	140.22	82.48	5.3
Sale (Purchase) of Intangibles	-	-11.48	-9.38	-	-
Sale (Purchase) of Real Estate	103.25	-224.2	-32.37	33.57	2.03
Investment in Securities	66.48	5,020	292.66	-	-
Other Investing Activities	0.08	23.58	17.71	-223.01	10.29
Investing Cash Flow	-1,122	3,057	-1,270	-1,089	-216.25
Long-Term Debt Issued	-	190.03	765.05	-	303.28
Long-Term Debt Repaid	-809.88	-1,318	-28.5	-149.86	-4.14
Net Debt Issued (Repaid)	-809.88	-1,128	736.55	-149.86	299.14
Common Dividends Paid	-2,374	-1,527	-1,630	-711.8	-225.32
Other Financing Activities	1,831	2,103	35.99	-150.44	6.46
Financing Cash Flow	-1,353	-552.27	-857.74	-1,012	80.28
Foreign Exchange Rate Adjustments	-	-	-15.53	-945.25	-
Miscellaneous Cash Flow Adjustments	-2,361	-1,679	-1,070	-	-
Net Cash Flow	-1,106	4,541	1,452	385.38	89.42
Free Cash Flow	2,366	1,960	2,986	2,450	-8.48
Free Cash Flow Growth	20.75%	-34.38%	21.91%	-	-
Free Cash Flow Margin	13.41%	9.67%	15.44%	16.70%	-0.34%
Free Cash Flow Per Share	15.75	13.05	19.88	16.31	-0.06
Cash Interest Paid	376.49	331.8	245.85	224.95	16.73
Cash Income Tax Paid	983.31	943.67	654.94	515.94	134.37
Levered Free Cash Flow	1,443	1,663	920.59	-754.24	-331.89
Unlevered Free Cash Flow	1,684	1,908	1,087	-605.47	-315.46
Change in Working Capital	851.23	-67.02	-930.12	-633.08	-518.11

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