Mazhar Zorlu Holding A.S. (IST:MZHLD)
Turkey · Delayed Price · Currency is TRY 3.760
-0.120 (-3.09%)
At close: Nov 13, 2026
Mazhar Zorlu Holding A.S. 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 | -10.79 | -46.12 | -312.66 | -7.49 | -12.54 | -27.25 |
Depreciation & Amortization | 132.71 | 126.43 | 127.45 | 51.44 | 32.09 | 6.15 |
Loss (Gain) From Sale of Assets | - | - | - | - | - | -0.66 |
Asset Writedown & Restructuring Costs | 8.27 | 8.27 | -17.71 | 24.21 | - | - |
Loss (Gain) From Sale of Investments | - | - | 3.63 | - | -9.2 | 0.01 |
Provision & Write-off of Bad Debts | 3.57 | -3.58 | 3.75 | -3.26 | 9 | 11.02 |
Other Operating Activities | -233.36 | -258.79 | -125.18 | -270.32 | -166.84 | 51.01 |
Change in Accounts Receivable | -22.9 | -2.4 | 67.39 | 132.94 | -124.56 | -7.52 |
Change in Inventory | 6.17 | -69.87 | 179.91 | 24.44 | 56.21 | -21.4 |
Change in Accounts Payable | 82.12 | 117.71 | 35.47 | 108.52 | -12.19 | 11.22 |
Change in Unearned Revenue | - | - | - | - | 165.86 | -0.01 |
Change in Other Net Operating Assets | -37.63 | -7.04 | 114.53 | -212.94 | 42.24 | -56.32 |
Operating Cash Flow | -71.84 | -135.4 | 76.61 | -152.46 | -19.93 | -33.72 |
Operating Cash Flow Growth | - | - | - | - | - | - |
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 | -64.51 | -79.94 | -55.89 | -74.18 | -24.27 | -149.94 |
Sale of Property, Plant & Equipment | -3.85 | 0.03 | 0.09 | 0.03 | 0.8 | 0.67 |
Cash Acquisitions | - | - | - | - | - | -0.07 |
Divestitures | - | - | - | - | 111.59 | 113.96 |
Sale (Purchase) of Intangibles | 0.07 | -0.28 | -0.48 | - | - | - |
Sale (Purchase) of Real Estate | 13.42 | 13.03 | - | - | 2.61 | 0.16 |
Other Investing Activities | 1,348 | 1,311 | 1,876 | 531.33 | 1.33 | 0.83 |
Investing Cash Flow | 1,293 | 1,244 | 1,819 | 457.17 | 92.06 | -34.39 |
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 |
Long-Term Debt Issued | - | 309.64 | 205.24 | 40.21 | 9.18 | 24.01 |
Long-Term Debt Repaid | - | -238.55 | -196.26 | -39.68 | -18.99 | -3.49 |
Lease Payments | -31.99 | -31.99 | -51.59 | -4.15 | -1.04 | -0.22 |
Net Debt Issued (Repaid) | -30.29 | 71.09 | 8.98 | 0.53 | -9.81 | 20.52 |
Other Financing Activities | -1,222 | -1,167 | -1,914 | -533.55 | 31.53 | -1.2 |
Financing Cash Flow | -1,253 | -1,096 | -1,905 | -533.02 | 21.72 | 19.32 |
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 | 4.82 | -11.93 | 5.5 | -0.97 | -1.62 | -0.48 |
Miscellaneous Cash Flow Adjustments | 4.36 | 4.09 | 6.34 | 96.32 | - | - |
Net Cash Flow | -22.14 | 4.64 | 3.02 | -132.94 | 92.23 | -49.28 |
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 | -136.36 | -215.33 | 20.72 | -226.64 | -44.19 | -183.66 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -4.90% | -9.59% | 1.02% | -10.51% | -2.98% | -42.61% |
Free Cash Flow Per Share | - | -1.98 | 0.19 | -2.09 | -0.41 | -1.69 |
Levered Free Cash Flow | 272.16 | 220.86 | 174.03 | -201.6 | -73.89 | -71.69 |
Unlevered Free Cash Flow | 448.53 | 248.12 | 190.68 | -195.65 | -70.2 | -70.38 |
Free Cash Flow After Leases | -168.34 | -247.32 | -30.88 | -230.79 | -45.23 | -183.89 |
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 Interest Paid | - | 43.62 | 26.64 | 9.79 | 5.9 | 17.61 |
Cash Income Tax Paid | - | -17.64 | 40.08 | 72.66 | 59.9 | 12.25 |
Change in Working Capital | 27.76 | 38.4 | 397.31 | 52.96 | 127.56 | -74.02 |