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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-727.31	-859.89	-753.3	526.51	196.62	79.54
Depreciation & Amortization	186.34	186.34	224.67	164.18	107.09	11.3
Loss (Gain) From Sale of Assets	-	-	-	-	-	8.93
Provision & Write-off of Bad Debts	18.15	21.92	-4.31	14.25	0.32	0.17
Other Operating Activities	492.37	350.53	387.35	511.64	502.06	60
Change in Accounts Receivable	-637.35	317.26	-480.09	756.11	-511.88	-135.95
Change in Inventory	417.34	132.63	644.99	-926.33	118.9	-182.58
Change in Accounts Payable	-205.59	-205.59	509.63	134.1	33.65	-39.81
Change in Unearned Revenue	1,166	205.87	11.24	-250.13	293.26	46.93
Change in Other Net Operating Assets	-296.81	14.59	293.64	-215.54	21.14	2.28
Operating Cash Flow	412.71	163.65	833.81	714.8	761.16	-149.2
Operating Cash Flow Growth	-52.58%	-80.37%	16.65%	-6.09%	-	-
Capital Expenditures	-116.22	-115.84	-158.64	-532.97	-134.91	-14.22
Sale of Property, Plant & Equipment	-	-	7.25	0.3	-	2.04
Sale (Purchase) of Intangibles	0.39	0.39	-	-	-2.45	-
Other Investing Activities	23.92	3.35	7.23	-	-	-
Investing Cash Flow	-91.92	-112.09	-144.16	-532.68	-137.36	-12.19
Long-Term Debt Issued	-	248.69	1.32	-	-	251.45
Long-Term Debt Repaid	-	-	-	-859.64	-225.09	-0.83
Net Debt Issued (Repaid)	104.22	248.69	1.32	-859.64	-225.09	250.63
Issuance of Common Stock	-	-	-	-	634.32	-
Common Dividends Paid	-	-	-	-	-50.41	-86.55
Other Financing Activities	-391.61	-281.61	-793.3	-34.66	-87.49	-101.88
Financing Cash Flow	-287.4	-32.91	-791.99	-894.3	271.32	62.2
Foreign Exchange Rate Adjustments	-	-	-	-511.52	-10.49	-
Miscellaneous Cash Flow Adjustments	7.87	5.45	23.95	-	-	-
Net Cash Flow	41.27	24.1	-78.38	-1,224	884.63	-99.19
Free Cash Flow	296.49	47.82	675.17	181.83	626.25	-163.42
Free Cash Flow Growth	-59.92%	-92.92%	271.32%	-70.97%	-	-
Free Cash Flow Margin	9.17%	1.43%	20.52%	5.68%	24.60%	-22.92%
Free Cash Flow Per Share	-	0.08	1.13	0.30	1.04	-0.37
Cash Interest Paid	281.61	281.61	527.45	34.66	-	101.88
Cash Income Tax Paid	-	-	17.13	10.87	0.1	5.8
Levered Free Cash Flow	19.5	483.03	199.45	-1,097	-673.15	-214.24
Unlevered Free Cash Flow	108.39	554.06	417.76	-997.15	-572.54	-197.82
Change in Working Capital	443.17	464.76	979.41	-501.79	-44.93	-309.13

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