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Zorlu Enerji Elektrik Üretim A.S. (IST:ZOREN)
Turkey flag Turkey · Delayed Price · Currency is TRY
1.340
-0.020 (-1.47%)
Nov 10, 2026, 6:05 PM GMT+3

IST:ZOREN Cash Flow Statement

Millions TRY. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
-15,556-14,707-3,09415,7689,493-86.45
Depreciation & Amortization
5,1866,2886,3196,1943,669690.6
Loss (Gain) on Sale of Assets
-1,702-9,172-6,316-4,260-6.23-2.1
Loss (Gain) on Sale of Investments
----1,729--
Loss (Gain) on Equity Investments
1,5921,024-1,048-196.69-153.53-29.49
Asset Writedown
3,7163,098----
Change in Accounts Receivable
2,9601,2134,1896,363-3,836-1,259
Change in Inventory
-106.24-24.56391.9478.43-485.48-96.73
Change in Accounts Payable
-333.05-1,400-3,226-4,6433,345220.51
Change in Unearned Revenue
-557.42-925.16-1,343-289.741,72252.67
Change in Other Net Operating Assets
-3,183615.613,58611,842368.73431.41
Other Operating Activities
10,69214,824-3,627-12,831-13,1312,080
Net Cash from Discontinued Operations
--2,742293.942,210-
Operating Cash Flow
2,709832.128,57416,9903,1952,001
Operating Cash Flow Growth
--90.29%-49.54%431.83%59.64%3.49%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-1,008-1,482-1,558-1,486-970.6-327.21
Sale of Property, Plant & Equipment
745.94478.1210.99267.1720.714.8
Cash Acquisitions
725.9---1,975--
Divestitures
-1,8165,0096,0473,039--
Sale (Purchase) of Intangibles
-4.85--26.82--42.43-12.94
Investment in Securities
8,3236,890247.06160.44-65.78
Other Investing Activities
-1,413-1,41321.92-120.01--
Investing Cash Flow
5,5529,4824,742-114.17-992.32-269.58

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Short-Term Debt Issued
----14.33-
Long-Term Debt Issued
-9,47257,3746,57014,3435,548
Total Debt Issued
4,2689,47257,3746,57014,3585,548
Long-Term Debt Repaid
--7,267-60,388-17,718-11,569-5,040
Lease Payments
-82.03--141.15-213.83-146.08-40.03
Net Debt Issued (Repaid)
-3,6122,204-3,014-11,1472,789507.82
Issuance of Common Stock
---1,9281,956194.1
Other Financing Activities
-5,828-8,367-11,117-7,978-6,288-1,864
Financing Cash Flow
-9,440-6,163-14,131-17,197-1,543-1,163

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-538.07-564.98-109.28-211.66-85.06-117.33
Miscellaneous Cash Flow Adjustments
-790.81-476.33-823.58-2,145--
Net Cash Flow
-2,5083,110-1,748-2,677574.09451.74

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,701-650.337,01615,5042,2241,674
Free Cash Flow Growth
---54.75%597.10%32.86%-0.39%
Free Cash Flow Margin
5.59%-1.80%18.07%39.36%5.73%14.39%
Free Cash Flow Per Share
--0.131.403.100.800.78
Levered Free Cash Flow
-9,180-3,482-3,269-4,6951,819-1,187
Unlevered Free Cash Flow
3,0352,7286,5352,1436,07880.39
Free Cash Flow After Leases
1,619-650.336,87515,2902,0781,634

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Sep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
2,0868,69912,4838,7145,6731,796
Cash Income Tax Paid
486.29802.78780.76456.66319.73153.98
Change in Working Capital
-1,219-521.6413,59813,7511,114-651.35