Ray Sigorta Anonim Sirketi (IST:RAYSG)

Turkey · Delayed Price · Currency is TRY

111.90

-0.30 (-0.27%)

At close: Nov 13, 2026

IST:RAYSG 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	3,213	3,737	2,212	901.94	179.72	68.32
Depreciation & Amortization	145.76	116.07	81.23	30.26	19.87	11.49
Other Operating Activities	-2,811	3,446	5,209	-1,332	913.45	-144.62
Operating Cash Flow	547.69	7,299	7,503	-399.64	1,113	-64.81
Operating Cash Flow Growth	-92.32%	-2.71%	-	-	-	-

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	-88.35	-98.3	-113.8	-82.89	-20.24	-1.01
Sale of Property, Plant & Equipment	5.27	3.05	7.36	0.46	-	0.04
Purchase / Sale of Intangible Assets	-19.09	-9.5	-19.89	-31.2	-10.01	-8.05
Investment in Securities	-6,768	-48.32	-567.97	725.79	-46.23	-376.73
Other Investing Activities	7,058	1,068	1,954	677.54	192.76	115.69
Investing Cash Flow	188.12	915.01	1,260	1,290	116.28	-270.07

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
Total Debt Repaid	-16.36	-4.8	-4.94	-4.96	-4.71	-2.69
Net Debt Issued (Repaid)	-17.19	-4.8	-4.94	-4.96	-4.71	-2.69
Financing Cash Flow	-17.19	-4.8	-4.94	-4.96	-4.71	-2.69

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	279.63	-413.2	-139.35	419.73	83.2	109.49
Net Cash Flow	998.24	7,796	8,618	1,305	1,308	-228.08

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	459.34	7,201	7,389	-482.54	1,093	-65.82
Free Cash Flow Growth	-93.41%	-2.55%	-	-	-	-
Free Cash Flow Margin	1.35%	24.17%	57.67%	-10.21%	66.10%	-7.20%
Free Cash Flow Per Share	2.82	44.16	45.31	-2.96	6.70	-0.40
Levered Free Cash Flow	3,155	7,585	8,865	1,821	1,225	69.54
Unlevered Free Cash Flow	3,155	7,585	8,865	1,821	1,225	69.54

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	7.01	5.25	0.69	0.79	0.75	0.54
Cash Income Tax Paid	1,203	1,395	675.71	281.61	60.75	40.71