Migros Ticaret A.S. (IST:MGROS)

Migros Ticaret A.S. Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	6,781	6,467	8,298	12,747	2,570	358.88
Depreciation & Amortization	16,996	16,070	13,060	8,934	1,178	907.19
Loss (Gain) From Sale of Assets	-116.43	-105.52	-818.96	-528.34	-24.32	-225.21
Asset Writedown & Restructuring Costs	25.1	16.83	466.1	35.34	6.32	9.47
Provision & Write-off of Bad Debts	72.86	77.93	47.92	12.23	10.5	4.46
Other Operating Activities	3,735	3,444	2,887	558.13	14.53	1,169
Change in Accounts Receivable	-111.08	-682.56	-1,063	652.7	-317.19	-5.37
Change in Inventory	-382.48	-463.87	845.43	-4,969	-6,321	-1,413
Change in Accounts Payable	3,354	3,882	5,567	5,417	11,449	2,346
Change in Other Net Operating Assets	4,742	-50.4	6,480	-709.71	-526.3	102.54
Operating Cash Flow	35,097	28,655	35,816	22,187	8,040	3,253
Operating Cash Flow Growth	18.88%	-19.99%	61.43%	175.96%	147.11%	7.63%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-12,768	-12,002	-11,447	-8,178	-2,262	-870.03
Sale of Property, Plant & Equipment	178.22	167.23	1,455	1,897	67.57	87.89
Cash Acquisitions	59.54	-	-1,331	-295.18	-104.5	-
Divestitures	-	-	1,043	-	-	374.45
Sale (Purchase) of Intangibles	-1,639	-1,811	-1,511	-976.08	-	-99.36
Sale (Purchase) of Real Estate	-	-	-5	-98.34	-	-
Other Investing Activities	-89.65	-317	-417.99	-	-	-
Investing Cash Flow	-14,259	-13,963	-12,214	-7,650	-2,299	-507.05

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	793.23	3.41	1,875	708	922.52
Long-Term Debt Repaid	-	-9,270	-7,272	-6,365	-2,227	-2,830
Net Debt Issued (Repaid)	-8,924	-8,476	-7,269	-4,490	-1,519	-1,908
Common Dividends Paid	-2,180	-2,059	-2,635	-958.32	-	-
Other Financing Activities	1,138	1,246	1,325	511.81	-37.81	-316.01
Financing Cash Flow	-9,966	-9,289	-8,579	-4,937	-1,557	-2,224

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	11.93	13.09	-250.59	108.74	-137.7	-121.2
Miscellaneous Cash Flow Adjustments	-7,234	-7,114	-8,638	-10,137	-	-
Net Cash Flow	3,650	-1,699	6,134	-429.09	4,046	401.55

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	22,329	16,653	24,369	14,009	5,778	2,383
Free Cash Flow Growth	21.09%	-31.66%	73.95%	142.47%	142.41%	-5.90%
Free Cash Flow Margin	5.33%	4.04%	6.34%	5.34%	7.75%	6.57%
Free Cash Flow Per Share	123.33	91.98	134.60	77.38	31.91	13.16
Levered Free Cash Flow	7,187	-6,639	3,908	3,945	5,356	1,702
Unlevered Free Cash Flow	24,392	10,497	20,833	9,993	7,451	3,015

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	27,247	28,347	29,988	11,344	2,692	1,705
Cash Income Tax Paid	1,960	1,869	1,169	429.59	470.77	144.7
Change in Working Capital	7,603	2,685	11,830	391.31	4,284	1,029

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Jul 27, 2026

Data Sources Report a data error