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Merit Turizm Yatirim ve Isletme Anonim Sirketi (IST:MERIT)
Turkey flag Turkey · Delayed Price · Currency is TRY
15.63
+0.04 (0.26%)
Last updated: Sep 7, 2026, 2:02 PM GMT+3

IST:MERIT Cash Flow Statement

Millions TRY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
729.04754.96467.9121.6615.553.9
Depreciation & Amortization
0.050.01---0
Loss (Gain) on Equity Investments
-352.13-468-25.64---
Other Operating Activities
-72.19-14.81-381.99-60.0417.53-0.68
Change in Accounts Receivable
16.55-40.1735.07-47.73-13.71-6.55
Change in Accounts Payable
-0.57-0.04-0.31-1.712.230.07
Change in Other Net Operating Assets
-75.996.91-25.2347.04-10.9116.29
Operating Cash Flow
244.76238.8769.859.210.713.03
Operating Cash Flow Growth
661.86%242.24%17.89%453.43%-17.89%240374.38%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-0.3-0.3----
Cash Acquisitions
-----3.38-
Investment in Securities
-403.11-403.11-30.11---233
Other Investing Activities
-223.43----
Investing Cash Flow
-403.41-179.98-30.11--3.38-233

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Issuance of Common Stock
-----219.98
Common Dividends Paid
-5.82-53.59-41.17-57.9-5.1-
Financing Cash Flow
-5.82-53.59-41.17-57.9-5.1219.98

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
---1.31--
Miscellaneous Cash Flow Adjustments
-1.49-0.37-0.46--0.08-
Net Cash Flow
-165.964.92-1.942.612.150.01

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
244.46238.5669.859.210.713.03
Free Cash Flow Growth
660.91%241.80%17.89%453.43%-17.89%240374.38%
Free Cash Flow Margin
70.07%73.44%35.43%39.63%9.50%114.62%
Free Cash Flow Per Share
-0.710.210.180.030.10
Levered Free Cash Flow
22.4453.5243.4141.697.8812.82
Unlevered Free Cash Flow
39.2753.5243.4141.697.8812.82

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Income Tax Paid
25.4228.5215.68.295.560.48
Change in Working Capital
-60.01-33.39.53-2.41-22.399.81