Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S. (IST:SMRTG)
Turkey · Delayed Price · Currency is TRY 9.81
-0.10 (-1.01%)
At close: Aug 21, 2026
IST:SMRTG 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 | Jun '26 Jun 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 | 235.36 | -434.72 | 577.4 | 1,477 | 88.72 | 80.01 |
Depreciation & Amortization | 802.39 | 641.34 | 304.88 | 208.54 | 65.96 | 12.47 |
Loss (Gain) From Sale of Investments | - | - | -56.33 | -144.46 | -19.77 | - |
Provision & Write-off of Bad Debts | 18.08 | 32.29 | 17.67 | 20.42 | 13.96 | 6.29 |
Other Operating Activities | 1,028 | 1,011 | -1,116 | -1,175 | -88.7 | 53.79 |
Change in Accounts Receivable | -1,754 | 303.24 | 754.06 | -1,261 | -697.62 | -170.99 |
Change in Inventory | -670.71 | 645.56 | 764.43 | -1,727 | -486.09 | -16 |
Change in Accounts Payable | 705.09 | -1,836 | 1,378 | 1,751 | 482.9 | 44.83 |
Change in Unearned Revenue | 751.19 | 2,555 | -977.33 | 1,445 | 614.67 | -53.24 |
Change in Other Net Operating Assets | -848.97 | -176.66 | 306.44 | -2,994 | -241.64 | -15.12 |
Operating Cash Flow | 267.28 | 2,742 | 1,953 | -2,400 | -267.61 | -57.96 |
Operating Cash Flow Growth | -91.14% | 40.41% | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -1,853 | -3,662 | -3,541 | -2,141 | -226.01 | -18.45 |
Sale of Property, Plant & Equipment | 201.23 | - | 0.25 | 0.5 | 0 | 0.97 |
Cash Acquisitions | - | - | - | - | - | 1.97 |
Sale (Purchase) of Intangibles | -2.34 | -4.36 | -0.7 | -18.86 | -2.77 | -1.48 |
Sale (Purchase) of Real Estate | - | - | - | - | -70.07 | -0.11 |
Investing Cash Flow | -1,654 | -3,666 | -3,541 | -2,159 | -298.85 | -17.1 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Short-Term Debt Issued | - | 1,836 | 786.08 | 383.7 | - | - |
Long-Term Debt Issued | - | 7,840 | 6,549 | 6,315 | 787.4 | 180.97 |
Total Debt Issued | 12,515 | 9,677 | 7,335 | 6,699 | 787.4 | 180.97 |
Short-Term Debt Repaid | - | -524.81 | -403.98 | - | - | - |
Long-Term Debt Repaid | - | -5,555 | -3,855 | -1,365 | -595.98 | -152.08 |
Total Debt Repaid | -9,246 | -6,079 | -4,259 | -1,365 | -595.98 | -152.08 |
Net Debt Issued (Repaid) | 3,268 | 3,597 | 3,076 | 5,334 | 191.43 | 28.89 |
Issuance of Common Stock | - | - | - | - | 776.34 | 57.78 |
Repurchase of Common Stock | - | - | -5.06 | -36.95 | - | - |
Other Financing Activities | -1,673 | -1,570 | -1,638 | -237.19 | -44.57 | -13.73 |
Financing Cash Flow | 1,595 | 2,028 | 1,433 | 5,059 | 923.2 | 72.93 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | - | - | - | - | -25.13 | - |
Miscellaneous Cash Flow Adjustments | -331.17 | -144.59 | -340.82 | -224.67 | - | - |
Net Cash Flow | -122.52 | 959.34 | -496.18 | 275.6 | 331.6 | -2.14 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -1,585 | -919.38 | -1,588 | -4,541 | -493.62 | -76.42 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -12.98% | -8.69% | -10.39% | -38.86% | -12.42% | -9.03% |
Free Cash Flow Per Share | - | -0.51 | -0.87 | -3.72 | -0.35 | -0.05 |
Levered Free Cash Flow | -3,818 | -1,959 | -4,266 | -2,768 | -618.52 | -128.36 |
Unlevered Free Cash Flow | -2,150 | -511.29 | -2,934 | -2,393 | -574.98 | -90.61 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | 942.69 | 2,276 | 1,775 | 434.21 | 60.29 | 13.73 |
Cash Income Tax Paid | 55.44 | 102.83 | 99.24 | 118.92 | 14.31 | 0.47 |
Change in Working Capital | -1,817 | 1,492 | 2,225 | -2,787 | -327.78 | -210.52 |