Marshall Boya Ve Vernik Sanayii A.S. (IST:MRSHL)
Turkey · Delayed Price · Currency is TRY 1,531.00
+11.00 (0.72%)
Last updated: Aug 4, 2026, 4:04 PM GMT+3
IST:MRSHL 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 | Mar '26 Mar 31, 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 | -215.25 | -291.49 | -318.67 | -210.25 | -35.9 | -96.3 |
Depreciation & Amortization | 284.97 | 278.03 | 219.59 | 157.24 | 107.68 | 24.83 |
Loss (Gain) From Sale of Assets | - | - | - | -0.23 | -0.55 | -0.4 |
Provision & Write-off of Bad Debts | -10.68 | 9.32 | 4.32 | 0.95 | 3.15 | -2.31 |
Other Operating Activities | 128.79 | 272.86 | 260.71 | -276.8 | -83.76 | 56.3 |
Change in Accounts Receivable | -196.3 | -344.19 | -107.98 | 48.37 | -188.78 | -47.82 |
Change in Inventory | 80.5 | 58.65 | 89.97 | 199.34 | 392.48 | -210.74 |
Change in Accounts Payable | 132.33 | 430.71 | 75.97 | 467.83 | 218.54 | 232.65 |
Change in Other Net Operating Assets | -139.92 | -210.17 | 3.04 | 366.26 | 21.45 | -71.04 |
Operating Cash Flow | 64.42 | 203.72 | 226.94 | 752.72 | 434.31 | -114.83 |
Operating Cash Flow Growth | - | -10.23% | -69.85% | 73.31% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | -64.57 | -52.93 | -201.15 | -133.43 | -104.38 | -55.74 |
Sale of Property, Plant & Equipment | -45.47 | - | 0.45 | 3.81 | - | 3.88 |
Sale (Purchase) of Intangibles | -0 | -0 | -0.55 | - | - | - |
Investing Cash Flow | -110.05 | -52.94 | -201.24 | -129.62 | -104.38 | -51.86 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Short-Term Debt Issued | - | - | - | - | 1,118 | 609.22 |
Long-Term Debt Issued | - | 911.28 | 529.01 | 922.66 | - | - |
Total Debt Issued | 914.34 | 911.28 | 529.01 | 922.66 | 1,118 | 609.22 |
Short-Term Debt Repaid | - | - | - | -1,003 | -355.85 | -421.97 |
Long-Term Debt Repaid | - | -657.17 | -485.47 | -898.92 | -15.87 | -3.29 |
Total Debt Repaid | -454.04 | -657.17 | -485.47 | -1,902 | -371.72 | -425.25 |
Net Debt Issued (Repaid) | 460.29 | 254.11 | 43.53 | -979.31 | 746.72 | 183.96 |
Issuance of Common Stock | - | - | - | 864.34 | - | - |
Other Financing Activities | -447.19 | -436.06 | -390.22 | -398.33 | -326.47 | -56.81 |
Financing Cash Flow | 13.1 | -181.95 | -346.68 | -513.3 | 420.25 | 127.15 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 |
Miscellaneous Cash Flow Adjustments | -99.58 | -114.27 | -357.32 | -504.15 | -138.96 | - |
Net Cash Flow | -132.1 | -145.44 | -678.31 | -394.35 | 611.22 | -39.54 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | -0.15 | 150.79 | 25.8 | 619.28 | 329.93 | -170.57 |
Free Cash Flow Growth | - | 484.55% | -95.84% | 87.70% | - | - |
Free Cash Flow Margin | -0.00% | 3.45% | 0.48% | 13.77% | 10.49% | -22.69% |
Free Cash Flow Per Share | -0.01 | 13.71 | 2.35 | 56.79 | 32.99 | -17.06 |
Levered Free Cash Flow | -123.57 | -12.3 | -242.5 | 199.68 | -59.83 | -178.25 |
Unlevered Free Cash Flow | 201.3 | 312.58 | 129.98 | 583.27 | 162.72 | -142.13 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 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 | 519.8 | 519.81 | 595.96 | 613.75 | 356.08 | 57.79 |
Cash Income Tax Paid | - | -60 | 34.14 | 20.71 | 1 | -10.01 |
Change in Working Capital | -123.4 | -65 | 60.99 | 1,082 | 443.68 | -96.95 |