Marti Otel Isletmeleri A.S. (IST:MARTI)

IST:MARTI Cash Flow Statement

Financials in millions TRY. Fiscal year is April - March.

Operating Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	-572.08	-379.66	119.41	-334.47	0.7	12.25
Depreciation & Amortization	217.41	208.54	126.52	127.61	56.65	47.85
Asset Writedown & Restructuring Costs	-	-	-	-156.43	-219.44	-78.97
Loss (Gain) From Sale of Investments	86.88	87.08	-0.13	15.65	-2.95	4.26
Provision & Write-off of Bad Debts	17.52	18.2	14.04	32.21	11.73	13.08
Other Operating Activities	1,405	1,043	-777	-1,240	155.72	-181.28
Change in Accounts Receivable	-10.23	57.25	17.22	-65.08	-102.98	-80.62
Change in Inventory	-3.54	-11.92	-11.73	-16.99	-9.56	0.72
Change in Accounts Payable	76.99	66.22	42.31	36.71	5.59	11.59
Change in Unearned Revenue	375.94	221.3	42.41	46.64	-10.89	49.16
Change in Other Net Operating Assets	-738.83	-721.26	14.24	89.72	-116.63	20.91
Operating Cash Flow	855.33	589.2	-412.7	-1,464	-232.04	-181.04
Operating Cash Flow Growth	-	-	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-105.2	-100.72	-19.83	-116.71	-42.48	-100.93
Sale of Property, Plant & Equipment	1.42	-	0.51	-	0.09	0
Investment in Securities	-	-	-	20.33	-	-
Other Investing Activities	25.59	10.35	0.28	2.72	6.24	12.45
Investing Cash Flow	-78.19	-90.37	-19.04	-93.65	-36.16	-88.48

Financing Activities

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	1,003	743.64	1,822	52.15	197.56
Long-Term Debt Repaid	-	-	-	-449.71	-101.25	-79.74
Net Debt Issued (Repaid)	24.05	1,003	743.64	1,372	-49.09	117.82
Issuance of Common Stock	-	-	-	-	480	181.95
Repurchase of Common Stock	-	-	-	-	-9.33	-
Other Financing Activities	-1,093	-866.32	-309.99	-123.56	-7.78	-19.54
Financing Cash Flow	-1,069	137.09	433.66	1,249	413.8	280.23

Net Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	299.76	301.06	1.45	126.72	7.26	0.44
Net Cash Flow	8.31	936.98	3.37	-182.63	152.85	11.15

Free Cash Flow

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	750.13	488.48	-432.52	-1,581	-274.52	-281.98
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Margin	46.95%	30.38%	-37.85%	-253.41%	-76.27%	-212.84%
Free Cash Flow Per Share	0.50	0.33	-0.72	-2.64	-0.46	-2.30
Levered Free Cash Flow	-97.96	-20.49	14.38	-48.79	-224.53	-36.96
Unlevered Free Cash Flow	600.21	531.78	206.13	37.25	-188.1	35.17

Additional Metrics

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	1,093	866.32	309.99	123.56	7.78	19.54
Change in Working Capital	-299.67	-388.41	104.46	91.02	-234.46	1.76

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 2, 2026

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