Merit Turizm Yatirim ve Isletme Anonim Sirketi (IST:MERIT)
Turkey · Delayed Price · Currency is TRY 11.77
-0.08 (-0.68%)
At close: Nov 13, 2026
IST:MERIT 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 | Sep '26 Sep 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 | 422.85 | 754.96 | 467.9 | 121.66 | 15.55 | 3.9 |
Depreciation & Amortization | 0.07 | 0.01 | - | - | - | 0 |
Loss (Gain) on Equity Investments | -137.86 | -468 | -25.64 | - | - | - |
Other Operating Activities | 78.93 | -14.81 | -381.99 | -60.04 | 17.53 | -0.68 |
Change in Accounts Receivable | -39.49 | -40.17 | 35.07 | -47.73 | -13.71 | -6.55 |
Change in Accounts Payable | 0.13 | -0.04 | -0.31 | -1.71 | 2.23 | 0.07 |
Change in Other Net Operating Assets | -114.89 | 6.91 | -25.23 | 47.04 | -10.91 | 16.29 |
Operating Cash Flow | 209.74 | 238.87 | 69.8 | 59.2 | 10.7 | 13.03 |
Operating Cash Flow Growth | 511.00% | 242.24% | 17.89% | 453.43% | -17.89% | 240374.38% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | -0.3 | -0.3 | - | - | - | - |
Cash Acquisitions | - | - | - | - | -3.38 | - |
Investment in Securities | -139.77 | -403.11 | -30.11 | - | - | -233 |
Other Investing Activities | -71.74 | 223.43 | - | - | - | - |
Investing Cash Flow | -211.81 | -179.98 | -30.11 | - | -3.38 | -233 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Issuance of Common Stock | - | - | - | - | - | 219.98 |
Common Dividends Paid | - | -53.59 | -41.17 | -57.9 | -5.1 | - |
Financing Cash Flow | 13.1 | -53.59 | -41.17 | -57.9 | -5.1 | 219.98 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 5.54 | - | - | 1.31 | - | - |
Miscellaneous Cash Flow Adjustments | -55.55 | -0.37 | -0.46 | - | -0.08 | - |
Net Cash Flow | -38.98 | 4.92 | -1.94 | 2.61 | 2.15 | 0.01 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 | 209.44 | 238.56 | 69.8 | 59.2 | 10.7 | 13.03 |
Free Cash Flow Growth | 510.12% | 241.80% | 17.89% | 453.43% | -17.89% | 240374.38% |
Free Cash Flow Margin | 58.95% | 73.44% | 35.43% | 39.63% | 9.50% | 114.62% |
Free Cash Flow Per Share | - | 0.71 | 0.21 | 0.18 | 0.03 | 0.10 |
Levered Free Cash Flow | -344.41 | 53.52 | 43.41 | 41.69 | 7.88 | 12.82 |
Unlevered Free Cash Flow | -209.43 | 53.52 | 43.41 | 41.69 | 7.88 | 12.82 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Income Tax Paid | 17.81 | 28.52 | 15.6 | 8.29 | 5.56 | 0.48 |
Change in Working Capital | -154.25 | -33.3 | 9.53 | -2.41 | -22.39 | 9.81 |