Sumer Varlik Yonetim 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	2019 - 2018
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	2019 - 2018
Net Income	884.05	542.75	497.32	188.14	90.38	12.45	Upgrade
Depreciation & Amortization	15.99	13.17	5.11	3.44	5.06	2.32	Upgrade
Other Amortization	0.31	-	-	-	-	0.06	Upgrade
Other Operating Activities	-16.3	-13.17	-5.11	-3.44	-5.06	127.9	Upgrade
Change in Other Net Operating Assets	-743.09	-990.89	-610.32	-232.52	-99.32	-151.73	Upgrade
Operating Cash Flow	-1,014	-729.32	-310.67	-34.36	-13.04	-8.99	Upgrade
Capital Expenditures	-142.4	-139.55	-19.2	-43.82	-10.58	-0.44	Upgrade
Sale of Property, Plant & Equipment	0.05	0.05	2.31	0.89	1.05	-	Upgrade
Other Investing Activities	-	-	-	-	-	-0.23	Upgrade
Investing Cash Flow	-142.35	-139.5	-16.89	-42.92	-9.53	-0.67	Upgrade
Long-Term Debt Issued	-	1,941	711.98	189.75	226.01	16.39	Upgrade
Long-Term Debt Repaid	-	-1,088	-323.5	-70.09	-155.23	-0.51	Upgrade
Net Debt Issued (Repaid)	1,318	852.96	388.47	119.66	70.78	15.88	Upgrade
Issuance of Common Stock	396	396	-	-	-	-	Upgrade
Common Dividends Paid	-36.18	-19.75	-25	-7.7	-10	-1.5	Upgrade
Financing Cash Flow	1,678	1,229	363.47	111.96	60.78	14.38	Upgrade
Net Cash Flow	521.13	360.39	35.92	34.68	38.21	4.72	Upgrade
Free Cash Flow	-1,157	-868.87	-329.86	-78.17	-23.62	-9.43	Upgrade
Free Cash Flow Margin	-75.37%	-51.61%	-30.82%	-21.88%	-12.23%	-9.35%	Upgrade
Free Cash Flow Per Share	-8.80	-7.36	-6.60	-1.56	-0.79	-0.31	Upgrade
Cash Interest Paid	829.75	400.8	75.25	29.22	29.52	22.35	Upgrade
Cash Income Tax Paid	55.78	55.78	59.81	18.09	10.13	1.88	Upgrade
Levered Free Cash Flow	-2,716	-1,011	-292.18	-44.41	3.93	41.26	Upgrade
Unlevered Free Cash Flow	-2,197	-760.16	-245.14	-26.15	22.39	55.61	Upgrade
Change in Working Capital	-1,898	-1,272	-807.99	-222.49	-103.42	-151.73	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.