Sanica Isi 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	-1,582	-575.51	526.51	196.62	79.54	69.81
Depreciation & Amortization	199.3	171.64	164.18	107.09	11.3	8.83
Loss (Gain) From Sale of Assets	0.23	-	-	-	8.93	-2.05
Provision & Write-off of Bad Debts	-6.39	-3.29	14.25	0.32	0.17	3.86
Other Operating Activities	1,034	19.43	511.64	502.06	60	-15.74
Change in Accounts Receivable	-33.62	-256.83	756.11	-511.88	-135.95	-16.09
Change in Inventory	390.67	492.76	-926.33	118.9	-182.58	-63.17
Change in Accounts Payable	304.36	115.21	134.1	33.65	-39.81	39.7
Change in Unearned Revenue	-143.78	282.74	-250.13	293.26	46.93	21.05
Change in Other Net Operating Assets	164.69	126.13	-215.54	21.14	2.28	-5.15
Operating Cash Flow	327.73	372.27	714.8	761.16	-149.2	41.06
Operating Cash Flow Growth	-73.22%	-47.92%	-6.09%	-	-	-
Capital Expenditures	-47.4	-121.2	-532.97	-134.91	-14.22	-17.87
Sale of Property, Plant & Equipment	5.54	5.54	0.3	-	2.04	3.31
Sale (Purchase) of Intangibles	0.1	-	-	-2.45	-	-
Other Investing Activities	7.3	5.52	-	-	-	-
Investing Cash Flow	-34.45	-110.14	-532.68	-137.36	-12.19	-14.56
Long-Term Debt Issued	-	302.7	-	-	251.45	88.19
Long-Term Debt Repaid	-	-301.69	-859.64	-225.09	-0.83	-0.02
Net Debt Issued (Repaid)	285.96	1.01	-859.64	-225.09	250.63	88.18
Issuance of Common Stock	-	-	-	634.32	-	-
Common Dividends Paid	-	-	-	-50.41	-86.55	-
Other Financing Activities	-558.7	-299.18	-34.66	-87.49	-101.88	-25.43
Financing Cash Flow	-272.73	-298.18	-894.3	271.32	62.2	62.75
Foreign Exchange Rate Adjustments	-23.83	-23.83	-511.52	-10.49	-	-
Net Cash Flow	1.2	-59.88	-1,224	884.63	-99.19	89.25
Free Cash Flow	280.33	251.06	181.83	626.25	-163.42	23.19
Free Cash Flow Growth	-64.63%	38.08%	-70.97%	-	-	-
Free Cash Flow Margin	11.15%	9.99%	5.68%	24.60%	-22.92%	6.22%
Free Cash Flow Per Share	0.47	0.42	0.30	1.04	-0.37	0.05
Cash Interest Paid	558.7	299.18	34.66	-	101.88	25.43
Cash Income Tax Paid	15.97	10.52	10.87	0.1	5.8	1.35
Levered Free Cash Flow	25.04	770.63	-1,097	-673.15	-214.24	1.99
Unlevered Free Cash Flow	172.98	937.41	-997.15	-572.54	-197.82	21.1
Change in Working Capital	682.33	760	-501.79	-44.93	-309.13	-23.65

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