Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S. (IST:FORTE)
Turkey · Delayed Price · Currency is TRY 104.00
-0.20 (-0.19%)
Last updated: Oct 5, 2026, 5:59 PM GMT+3
IST:FORTE Cash Flow Statement
Financials in millions TRY. Fiscal year is January - December.
Millions TRY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | 2,616 | 2,329 | -107.35 | 12.19 | 55.28 | 23.46 |
Depreciation & Amortization | 41.86 | 30.17 | 24.92 | 9.74 | 5.78 | 1.05 |
Other Amortization | 34 | 21.49 | 13.34 | 6.67 | 3.3 | 0.19 |
Asset Writedown & Restructuring Costs | - | - | - | 5.56 | - | - |
Loss (Gain) From Sale of Investments | 25.9 | 25.9 | 5.02 | - | - | - |
Provision & Write-off of Bad Debts | -3.84 | 2.17 | 3.05 | 0.34 | 1.15 | -0.1 |
Other Operating Activities | 1,126 | 781.43 | 136.51 | 219.21 | 88.1 | -8.26 |
Change in Accounts Receivable | -1,022 | -180.6 | -295.87 | 109.43 | 5.41 | -28.05 |
Change in Inventory | -1,371 | -704.54 | 192.23 | -7.96 | -86.92 | 5.15 |
Change in Accounts Payable | 1,395 | 583.32 | 161.89 | -76.06 | -77.36 | -1.48 |
Change in Unearned Revenue | 470.06 | 322.11 | -13.15 | 12.02 | -1.67 | -0.97 |
Change in Other Net Operating Assets | 193.76 | -336.56 | 4.01 | 4.08 | -14.64 | -0.14 |
Operating Cash Flow | 3,505 | 2,874 | 124.59 | 295.19 | -21.56 | -9.16 |
Operating Cash Flow Growth | - | 2206.84% | -57.79% | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -62.82 | -45.06 | -89.06 | -44.73 | -3.39 | -0.43 |
Sale of Property, Plant & Equipment | -32.14 | 7.41 | 3.74 | 0.37 | - | 0 |
Sale (Purchase) of Intangibles | -203.93 | -203.93 | -198.59 | -83.96 | -33.75 | -6.63 |
Sale (Purchase) of Real Estate | -12.74 | -12.74 | - | -63.85 | - | - |
Other Investing Activities | - | - | - | 0 | - | - |
Investing Cash Flow | -352.67 | -254.32 | -283.9 | -192.17 | -37.15 | -7.06 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 1,653 | 148.57 | 149.96 | 206.71 | 2.41 |
Long-Term Debt Repaid | - | -464.8 | -160.95 | -329.82 | -63.47 | -2.97 |
Net Debt Issued (Repaid) | 1,299 | 1,188 | -12.37 | -179.86 | 143.24 | -0.56 |
Issuance of Common Stock | - | - | - | 529.6 | - | - |
Common Dividends Paid | - | - | -11.09 | -56.41 | - | - |
Other Financing Activities | -3,881 | -3,349 | 0.16 | 18.15 | -6.84 | -10.83 |
Financing Cash Flow | -2,583 | -2,161 | -23.31 | 311.49 | 136.4 | -11.39 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -2.77 | -2.11 | -0.29 | -0.26 | - | - |
Miscellaneous Cash Flow Adjustments | -156.31 | -88.32 | -118.88 | -208.82 | -61.42 | - |
Net Cash Flow | 411.1 | 368.47 | -301.8 | 205.44 | 16.27 | -27.6 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 3,443 | 2,829 | 35.53 | 250.46 | -24.95 | -9.58 |
Free Cash Flow Growth | - | 7861.96% | -85.81% | - | - | - |
Free Cash Flow Margin | 89.78% | 116.05% | 1.52% | 26.09% | -3.64% | -4.45% |
Free Cash Flow Per Share | 51.38 | 42.22 | 0.53 | 4.72 | -0.56 | -0.69 |
Levered Free Cash Flow | -1,196 | -769.54 | -296.27 | 4.18 | -166.43 | -17.89 |
Unlevered Free Cash Flow | -749.87 | -490.31 | -255.63 | 26.6 | -160.03 | -17.87 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 993.91 | 449.32 | 65.03 | 35.87 | 10.24 | 0.04 |
Cash Income Tax Paid | 23.93 | 23.93 | - | - | - | - |
Change in Working Capital | -333.8 | -316.26 | 49.11 | 41.49 | -175.17 | -25.48 |