Penguen Gida Sanayi 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	-194.59	-321.88	-126.42	86.41	27.48	0.56
Depreciation & Amortization	56.44	56.17	48.1	28.42	6.09	5.9
Loss (Gain) From Sale of Assets	-	-	-	-	-	-0.07
Asset Writedown & Restructuring Costs	162.22	162.22	15.79	-16.71	-21.29	-
Provision & Write-off of Bad Debts	-	-	-	-	-	0.01
Other Operating Activities	-5.82	11.84	207.24	9.31	12.11	-12.92
Change in Accounts Receivable	-38.11	82.7	-90.33	-75.77	-28.22	-11.66
Change in Inventory	218.53	581.72	-380.97	-101.44	-74.65	-33.64
Change in Accounts Payable	203.55	-17.68	187.48	36.24	38.19	-3.23
Change in Other Net Operating Assets	129	51.95	-102.01	57.42	-20.31	-17.35
Operating Cash Flow	531.23	607.04	-241.12	23.88	-60.58	-72.41
Capital Expenditures	-421.44	-384.33	-75.45	-83.06	-14.83	-3.69
Sale of Property, Plant & Equipment	-	-	-	-	-	0.01
Investing Cash Flow	-421.44	-384.33	-75.45	-83.06	-14.83	-3.68
Long-Term Debt Issued	-	-	492.85	801.96	146.89	-
Long-Term Debt Repaid	-	-29.56	-	-469.06	-62.99	-30.85
Net Debt Issued (Repaid)	-25.46	-29.56	492.85	332.91	83.89	-30.85
Issuance of Common Stock	-	-	-	-	-	119.74
Other Financing Activities	-133.57	-148.52	-188.77	-267.3	-10.51	-11.97
Financing Cash Flow	-159.03	-178.08	304.08	65.6	73.38	76.93
Net Cash Flow	-15.63	44.63	-12.49	6.43	-2.03	0.84
Free Cash Flow	109.78	222.71	-316.57	-59.18	-75.41	-76.09
Free Cash Flow Margin	4.54%	9.30%	-15.39%	-3.59%	-18.35%	-27.58%
Free Cash Flow Per Share	0.63	1.27	-1.81	-0.34	-0.43	-0.43
Cash Interest Paid	133.57	148.52	188.77	90.8	10.51	12.02
Cash Income Tax Paid	0.04	0.16	-3.63	2.39	-	-
Levered Free Cash Flow	-181.55	163.78	-817.51	-661.76	-38.04	-51.58
Unlevered Free Cash Flow	-90.66	256.61	-709.42	-606.34	-31.88	-45.08
Change in Working Capital	512.97	698.68	-385.82	-83.54	-84.98	-65.88

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.