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Türk Tuborg Bira ve Malt Sanayii A.S. (IST:TBORG)
Turkey flag Turkey · Delayed Price · Currency is TRY
159.60
+2.10 (1.33%)
Last updated: Aug 31, 2026, 1:12 PM GMT+3

IST:TBORG Cash Flow Statement

Millions TRY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
2,5453,3765,1771,4891,0261,204
Depreciation & Amortization
4,6544,5564,2003,3591,796356.95
Loss (Gain) From Sale of Assets
-84.26-67.03-141.66-64.61-22.32-8.25
Loss (Gain) From Sale of Investments
-----153.59-26.52
Provision & Write-off of Bad Debts
49.5879.6233.3110.55-8-2.92
Other Operating Activities
-555.5527.46-472.63-1,428256.77-384.81
Change in Accounts Receivable
-2,341-4,807-3,856-2,339-1,876-327.13
Change in Inventory
-129.4-1,835309.46536.31-1,010-250.51
Change in Accounts Payable
-357.061,531331.721,4491,409120.55
Change in Unearned Revenue
0.08-0.02-15.84-46.6239.6427.15
Change in Other Net Operating Assets
-236.051,1792,3271,6542,103150.21
Operating Cash Flow
3,5454,0407,8924,6203,562858.95
Operating Cash Flow Growth
-53.73%-48.81%70.83%29.71%314.66%-6.19%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-3,231-4,386-4,115-4,257-2,563-540.41
Sale of Property, Plant & Equipment
160.38130.25267.19100.0732.3811.44
Cash Acquisitions
-1,578-1,578----
Sale (Purchase) of Intangibles
-19.03-21.83-29.12-6.3-9.09-1.74
Sale (Purchase) of Real Estate
------0.08
Investment in Securities
----0.04212.06113.34
Other Investing Activities
1,7652,3603,511550.2932470.85
Investing Cash Flow
-2,902-3,496-366.11-3,613-2,004-346.6

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
-51,62722,02310,36611,5907,795
Total Debt Issued
55,15951,62722,02310,36611,5907,795
Short-Term Debt Repaid
--47,744-24,297-7,722-9,659-8,165
Long-Term Debt Repaid
--276.66-232.41-104.73-69.31-34.17
Total Debt Repaid
-51,455-48,021-24,529-7,827-9,728-8,199
Net Debt Issued (Repaid)
3,7043,607-2,5062,5391,862-404.95
Common Dividends Paid
-2,775-2,775-1,576--1,465-103.23
Other Financing Activities
-1,248-910.43-336.19-249.76-201.22-6.19
Financing Cash Flow
-319.04-79.05-4,4172,290195.95-514.36

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
410.4615.47-221.68832.33354.95438.01
Miscellaneous Cash Flow Adjustments
-2,012-2,236-2,922-2,030-2,506-
Net Cash Flow
-1,278-1,755-35.32,099-397.55436.01

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
313.93-346.433,777363.21998.56318.54
Free Cash Flow Growth
-88.46%-940.01%-63.63%213.48%-41.46%
Free Cash Flow Margin
0.74%-0.85%9.57%1.47%6.59%8.67%
Free Cash Flow Per Share
0.97-1.0711.711.133.100.99
Levered Free Cash Flow
-49.95365.173,9641,261-417.04310.71
Unlevered Free Cash Flow
822.92990.154,1481,411-273.34329.21

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1,248910.43336.19249.76201.226.19
Cash Income Tax Paid
2,3152,7831,726801.96798.6231.13
Change in Working Capital
-3,063-3,932-903.491,254666.27-279.73