Ülker Bisküvi Sanayi A.S. (IST:ULKER)
Turkey · Delayed Price · Currency is TRY 75.00
+0.65 (0.87%)
Nov 12, 2026, 6:08 PM GMT+3
Ülker Bisküvi Sanayi 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 | 1,625 | 4,875 | 9,687 | 4,878 | 984.79 | -464.33 |
Depreciation & Amortization | 3,012 | 2,452 | 2,383 | 1,710 | 1,168 | 230.01 |
Loss (Gain) From Sale of Assets | -0.86 | -2.98 | -4.93 | -6.46 | -55.5 | -7.06 |
Loss (Gain) From Sale of Investments | -0.88 | -1.1 | -1.32 | -8.09 | 3,057 | -123.33 |
Provision & Write-off of Bad Debts | 68.7 | 50.57 | 34.24 | 23.81 | 20.94 | 1.17 |
Other Operating Activities | 9,029 | 13,274 | 9,407 | 10,197 | 3,842 | 2,816 |
Change in Accounts Receivable | -1,589 | -2,488 | -2,711 | -2,241 | -1,769 | -1,268 |
Change in Inventory | -1,480 | -9,732 | -4,284 | -3,624 | -2,705 | -1,243 |
Change in Accounts Payable | 4,067 | 1,097 | 2,078 | 2,266 | 2,664 | 639.74 |
Change in Other Net Operating Assets | -2,821 | -3,621 | -9,012 | -2,582 | -3,185 | -554.07 |
Operating Cash Flow | 11,910 | 5,903 | 7,576 | 10,613 | 4,022 | 27.34 |
Operating Cash Flow Growth | 319.25% | -22.08% | -28.62% | 163.90% | 14610.80% | -95.66% |
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 | -1,789 | -1,716 | -3,341 | -1,730 | -1,326 | -558.32 |
Sale of Property, Plant & Equipment | 161.79 | 161.55 | 15.07 | 130.56 | 190.34 | 94.72 |
Cash Acquisitions | - | - | - | - | - | -3,771 |
Divestitures | - | - | - | - | - | 423.47 |
Sale (Purchase) of Intangibles | -49.33 | -23.04 | -11.32 | -5.08 | -11.08 | -1.39 |
Sale (Purchase) of Real Estate | - | - | - | - | - | 26.15 |
Investment in Securities | -0.57 | -7.95 | -20.08 | 493.49 | 11,888 | - |
Other Investing Activities | 1,829 | 4,546 | 3,806 | 491.66 | -405.01 | 2,243 |
Investing Cash Flow | 152.1 | 2,961 | 449.26 | -619.19 | 10,337 | -1,544 |
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 | - | 28,926 | 36,286 | 1,687 | 3,946 | 1,588 |
Total Debt Issued | 27,118 | 28,926 | 36,286 | 1,687 | 3,946 | 1,588 |
Short-Term Debt Repaid | - | - | - | - | - | -0.12 |
Long-Term Debt Repaid | - | -33,561 | -21,882 | -11,648 | -5,946 | -1,706 |
Total Debt Repaid | -39,994 | -33,561 | -21,882 | -11,648 | -5,946 | -1,706 |
Net Debt Issued (Repaid) | -12,875 | -4,635 | 14,404 | -9,961 | -2,000 | -117.75 |
Common Dividends Paid | - | - | - | - | - | -276.6 |
Other Financing Activities | -9,593 | -13,204 | -6,711 | -5,000 | -4,232 | -861.02 |
Financing Cash Flow | -22,469 | -17,839 | 7,693 | -14,960 | -6,232 | -1,255 |
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 | 1,954 | 5,985 | 3,459 | 8,434 | 2,172 | 1,941 |
Miscellaneous Cash Flow Adjustments | -5,119 | -8,127 | -6,771 | -8,655 | -3,182 | - |
Net Cash Flow | -13,571 | -11,117 | 12,405 | -5,186 | 7,116 | -830.69 |
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 | 10,121 | 4,188 | 4,236 | 8,884 | 2,696 | -530.98 |
Free Cash Flow Growth | - | -1.13% | -52.32% | 229.50% | - | - |
Free Cash Flow Margin | 9.86% | 3.74% | 3.85% | 11.02% | 5.19% | -4.23% |
Free Cash Flow Per Share | 27.41 | 11.34 | 11.47 | 24.06 | 7.30 | -1.55 |
Levered Free Cash Flow | -6,263 | -889.15 | -4,558 | -238.87 | -10,416 | -547.96 |
Unlevered Free Cash Flow | -3,271 | 2,647 | -660.54 | 3,344 | -7,754 | -46.62 |
Free Cash Flow After Leases | 10,121 | 4,188 | 4,236 | 8,884 | 2,696 | -530.98 |
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 | 4,726 | 5,225 | 5,409 | 5,300 | 3,852 | 756.75 |
Cash Income Tax Paid | 1,773 | 1,123 | 1,299 | 1,958 | 1,256 | 393.37 |
Change in Working Capital | -1,823 | -14,744 | -13,928 | -6,181 | -4,995 | -2,425 |