Selva 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
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
Net Income	59.52	34.45	250.8	-77.67	-10.85
Depreciation & Amortization	69.92	60.61	45.78	13.71	3.37
Loss (Gain) From Sale of Assets	-55.84	-55.84	-417.9	312.16	-13.06
Loss (Gain) From Sale of Investments	-18.87	1.36	-1.33	-0.07	-0.02
Provision & Write-off of Bad Debts	-0.2	0.62	-0.18	5.31	-0.24
Other Operating Activities	153.44	95.16	146.23	-326.28	23.98
Change in Accounts Receivable	-2.29	-24.28	-22.03	37.56	-4.06
Change in Inventory	-44.68	40.66	177.69	-16.3	-30.39
Change in Accounts Payable	-172.35	191.51	155.15	51.59	0.09
Change in Unearned Revenue	-13.79	6.37	34.9	14.23	9.37
Change in Other Net Operating Assets	216.87	23.51	-226.7	39.48	37.24
Operating Cash Flow	191.74	374.12	142.41	53.72	15.44
Operating Cash Flow Growth	-28.24%	162.71%	165.09%	247.91%	-
Capital Expenditures	-426.28	-253.01	-240.03	-45.76	-2.86
Sale of Property, Plant & Equipment	14.51	15.55	86.2	-	0.73
Sale (Purchase) of Intangibles	-	-	-	-0.01	-0.11
Sale (Purchase) of Real Estate	-120.71	-120.71	-	-	11.02
Investing Cash Flow	-521.77	-358.17	-153.84	-45.77	8.77
Short-Term Debt Issued	-	25.48	-	-	-
Long-Term Debt Issued	-	764.8	280.33	324.95	148.44
Total Debt Issued	1,012	790.28	280.33	324.95	148.44
Long-Term Debt Repaid	-	-701.04	-357.83	-339.86	-141.59
Net Debt Issued (Repaid)	482.24	89.24	-77.5	-14.91	6.85
Issuance of Common Stock	-	-	-	-	39.78
Other Financing Activities	-115.18	-115.18	1.27	-145.45	-25.46
Financing Cash Flow	367.06	-25.94	-76.23	-160.35	21.17
Net Cash Flow	-8.54	-9.99	-87.65	-152.4	45.38
Free Cash Flow	-234.53	121.12	-97.62	7.96	12.58
Free Cash Flow Growth	-	-	-	-36.70%	-
Free Cash Flow Margin	-16.81%	8.71%	-4.90%	0.66%	4.38%
Free Cash Flow Per Share	-0.50	0.26	-0.21	0.02	0.03
Cash Interest Paid	-	-	-	145.6	86.15
Cash Income Tax Paid	-	-	-	0.79	0.75
Levered Free Cash Flow	-459.37	-33.69	-139.33	-27.59	-
Unlevered Free Cash Flow	-282.49	51.95	-122.21	-12.86	-
Change in Working Capital	-16.23	237.78	119	126.56	12.26

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