Türkiye Petrol Rafinerileri A.S. (IST:TUPRS)

IST:TUPRS Cash Flow Statement

Financials in millions TRY. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	122,513	29,523	23,973	77,354	61,314	3,495
Depreciation & Amortization	14,982	14,435	12,439	8,663	6,227	842.81
Other Amortization	189.76	191.26	148.17	91.13	54.23	10.72
Loss (Gain) From Sale of Assets	12.2	12.96	9.47	-107.47	40.16	-107.68
Asset Writedown & Restructuring Costs	54,232	8,431	-3,664	-9,867	34,239	2,127
Loss (Gain) on Equity Investments	-976.72	-1,272	-1,903	-1,518	15.54	-592.99
Provision & Write-off of Bad Debts	-	-	-	-	771.66	-
Other Operating Activities	-968.84	16,082	24,891	10,121	5,781	-2,861
Change in Accounts Receivable	-54,945	-4,214	27,995	-7,649	4,041	-12,099
Change in Inventory	-26,767	16,552	5,321	22,543	4,169	-16,057
Change in Accounts Payable	99,961	-30,594	-49,635	16,521	-33,499	29,703
Change in Other Net Operating Assets	-16,246	317.73	6,592	6,967	-659.04	-5,889
Operating Cash Flow	191,986	49,465	46,167	123,121	82,494	-1,429
Operating Cash Flow Growth	130.88%	7.14%	-62.50%	49.25%	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-29,558	-19,118	-18,077	-17,894	-5,298	-1,371
Sale of Property, Plant & Equipment	70.12	41.17	27.35	13.59	1,016	169.64
Cash Acquisitions	328.15	-1,349	-	-	-	-
Investment in Securities	1,020	1,010	1,157	15.74	-295.93	-435.71
Other Investing Activities	266.35	0.22	1,330	4,077	-2,989	80
Investing Cash Flow	-27,874	-19,416	-15,564	-13,787	-7,568	-1,557

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	52,358	49,256	13,218	34,002	15,174
Long-Term Debt Repaid	-	-21,259	-81,570	-27,589	-47,595	-21,676
Lease Payments	-239.56	-270.93	-145.91	-111.77	-160.92	-35.7
Net Debt Issued (Repaid)	-2,662	31,099	-32,314	-14,371	-13,593	-6,502
Common Dividends Paid	-32,232	-34,845	-63,828	-49,446	-	-
Other Financing Activities	-26,375	3,890	20,570	13,610	-24,690	-4,534
Financing Cash Flow	-61,268	144.02	-75,571	-50,207	-38,283	-11,036

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	6,472	5,060	2,893	10,296	10,770	10,880
Miscellaneous Cash Flow Adjustments	-32,234	-22,126	-43,018	-43,490	-25,092	-
Net Cash Flow	77,082	13,126	-85,092	25,933	22,321	-3,142

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	162,428	30,346	28,089	105,227	77,195	-2,800
Free Cash Flow Growth	168.60%	8.04%	-73.31%	36.31%	-	-
Free Cash Flow Margin	13.23%	3.65%	2.65%	10.62%	8.42%	-1.84%
Free Cash Flow Per Share	84.30	15.75	14.58	54.61	52.89	-1.45
Levered Free Cash Flow	135,143	4,867	27,224	106,570	45,812	5,854
Unlevered Free Cash Flow	142,765	11,549	34,911	110,706	50,088	7,515
Free Cash Flow After Leases	162,188	30,075	27,944	105,115	77,035	-2,836

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	9,309	11,027	11,787	6,950	6,736	2,566
Cash Income Tax Paid	11,566	3,940	4,642	12,659	3,087	40.06
Change in Working Capital	2,003	-17,938	-9,726	38,383	-25,948	-4,343

Data Source: S&P Global Market Intelligence Last updated: Nov 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 12, 2026

Data Sources Report a data error