Fenerbahçe Futbol A.S. Cash Flow Statement

Financials in millions TRY. Fiscal year is June - May.

Millions TRY. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	May '21 May 31, 2021
Net Income	-2,409	-764.63	2,149	294.21	-296.83	-201.77
Depreciation & Amortization	2,925	1,836	1,603	1,062	124.51	99.83
Loss (Gain) From Sale of Assets	-1,591	-1,310	-2,687	-977.03	-45.78	-138.01
Provision & Write-off of Bad Debts	-1.44	-0.02	1.03	8.37	-0.06	-0
Other Operating Activities	-1,909	-1,612	-2,391	-1,012	157.88	113.4
Change in Accounts Receivable	-583.09	-702.27	-530.67	-393.8	-79.85	-57.59
Change in Inventory	-66.8	-13.05	-42.8	-70.07	-8.12	-7.55
Change in Accounts Payable	3,848	3,275	2,151	1,205	-14.73	81.43
Change in Other Net Operating Assets	-3,637	2,100	2,129	937.93	90.67	-233.95
Operating Cash Flow	-3,424	2,810	2,381	1,054	-72.31	-344.21
Operating Cash Flow Growth	-	18.03%	125.87%	-	-	-
Capital Expenditures	-58.36	-207.01	-55.15	-121.17	-33.56	-3.29
Sale of Property, Plant & Equipment	1,155	0.01	0.01	0.28	0.22	0.04
Sale (Purchase) of Intangibles	-4,342	-1,492	-72.5	-511.19	-72.76	12.19
Investing Cash Flow	-3,245	-1,699	-127.64	-632.08	-106.1	8.94
Long-Term Debt Issued	-	-	-	-	291.31	919.42
Long-Term Debt Repaid	-	-236.14	-118.85	-26.46	-19.67	-444.56
Net Debt Issued (Repaid)	-3,094	-236.14	-118.85	-26.46	271.64	474.87
Issuance of Common Stock	11,565	994.39	-	-	-	-
Other Financing Activities	-1,755	-1,693	-1,810	-538.68	5.72	-144.73
Financing Cash Flow	6,716	-934.3	-1,929	-565.14	277.36	330.13
Foreign Exchange Rate Adjustments	-	-	-	-96.96	-	-
Miscellaneous Cash Flow Adjustments	-95.03	-95.7	-37.84	-	-	-
Net Cash Flow	-47.71	80.64	286.4	-240.19	98.95	-5.14
Free Cash Flow	-3,482	2,603	2,325	932.81	-105.87	-347.51
Free Cash Flow Growth	-	11.92%	149.30%	-	-	-
Free Cash Flow Margin	-33.29%	30.32%	31.09%	22.53%	-8.13%	-50.47%
Free Cash Flow Per Share	-2.10	17.43	23.50	9.42	-1.07	-3.51
Cash Interest Paid	1,897	1,739	1,883	673.65	9.2	147.88
Cash Income Tax Paid	51.74	61.92	103.81	19.55	1.84	-0.06
Levered Free Cash Flow	-555.54	385.55	2,644	-1,405	-1,019	-706.96
Unlevered Free Cash Flow	128.29	1,601	3,608	-891.29	-569.05	-494.72
Change in Working Capital	-438.71	4,660	3,707	1,679	-12.03	-217.66

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