Cash flow Fenerbahçe Futbol

Stocks

FENER

TREFBAH00019

Leisure & Recreation

Market Closed - Borsa Istanbul Other stock markets 11:08:01 2026-07-10 am EDT			5-day change	1st Jan Change
3.270 ^TRY	+1.24%		+11.22%	-64.53%

Apr. 28	Turkey - Factors to Watch on April 28	RE
Apr. 09	Fenerbahçe Futbol A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended February 28, 2026	CI

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Published financial data: FENERBAHÇE FUTBOL

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: May	2021	2022	2023	2024	2025
Revenues	689M	1.3B	2.06B	5.52B	8.59B
Total Revenues	689M	1.3B	2.06B	5.52B	8.59B
Cost of Goods Sold, Total	777M	1.22B	2.32B	6.38B	9.87B
Gross Profit	-88.37M	80.79M	-258M	-855M	-1.28B
Selling General & Admin Expenses, Total	64.41M	115M	217M	538M	1.05B
Other Operating Expenses	67.49K	-2.01M	-1.47M	-262M	-27.99M
Other Operating Expenses, Total	64.48M	113M	215M	276M	1.02B
Operating Income	-153M	-32.35M	-473M	-1.13B	-2.3B
Interest Expense, Total	-340M	-719M	-407M	-1.14B	-1.94B
Interest And Investment Income	492M	609M	817M	3.18B	3.63B
Net Interest Expenses	152M	-110M	410M	2.04B	1.69B
Currency Exchange Gains (Loss)	-83.41M	-90.91M	-75.76M	-653M	-1.09B
Other Non Operating Income (Expenses)	-86.47M	-50.96M	-108M	1.51B	1.21B
EBT, Excl. Unusual Items	-171M	-284M	-247M	1.77B	-489M
Gain (Loss) On Sale Of Investments	-29.35M	-8.63M	-9.59M	-90.75M	-193M
EBT, Incl. Unusual Items	-200M	-293M	-257M	1.68B	-681M
Income Tax Expense	993K	2.89M	14.83M	31.72M	66.35M
Earnings From Continuing Operations	-201M	-295M	-272M	1.64B	-748M
Net Income to Company	-201M	-295M	-272M	1.64B	-748M
Minority Interest	-878K	-1.38M	-6.86M	-57.43M	-16.79M
Net Income - (IS)	-202M	-297M	-279M	1.59B	-765M
Net Income to Common Incl Extra Items	-202M	-297M	-279M	1.59B	-765M
Net Income to Common Excl. Extra Items	-202M	-297M	-279M	1.59B	-765M
Per Share Items
Net EPS - Basic	-2.04	-3	-2.82	16.04	-5.12
Basic EPS - Continuing Operations	-2.04	-3	-2.82	16.04	-5.12
Basic Weighted Average Shares Outstanding	98.98M	98.98M	98.98M	98.98M	149M
Net EPS - Diluted	-2.04	-3	-2.82	16.04	-5.12
Diluted EPS - Continuing Operations	-2.04	-3	-2.82	16.04	-5.12
Diluted Weighted Average Shares Outstanding	98.98M	98.98M	98.98M	98.98M	149M
Normalized Basic EPS	-1.09	-1.81	-1.63	10.58	-2.16
Normalized Diluted EPS	-1.09	-1.81	-1.63	10.58	-2.16
Supplemental Items
EBITDA	-71.65M	76.97M	-149M	-165K	-584M
EBITA	-77.33M	69.6M	-166M	-62.67M	-685M
EBIT	-153M	-32.35M	-473M	-1.13B	-2.3B
EBITDAR	-44.18M	116M	-82.56M	117M	-412M
Effective Tax Rate - (Ratio)	-0.5	-0.99	-5.77	1.89	-9.74
Total Current Taxes	1.87M	1.84M	11.15M	20.23M	70.1M
Total Deferred Taxes	-879K	1.05M	3.68M	11.49M	-3.75M
Normalized Net Income	-107M	-179M	-161M	1.05B	-322M
Interest on Long-Term Debt	1.24M	2.43M	3.51M	6.62M	18.46M
Supplemental Operating Expense Items
Marketing Expenses	45.24M	75.59M	151M	396M	651M
Selling and Marketing Expenses	45.24M	75.59M	151M	396M	651M
General and Administrative Expenses	19.17M	39.56M	65.94M	142M	397M
Net Rental Expense, Total	27.46M	38.78M	66.83M	117M	173M
Imputed Operating Lease Interest Expense	29.33M	65.12M	55.15M	198M	603M
Imputed Operating Lease Depreciation	-1.87M	-26.34M	11.68M	-81.25M	-431M

Fiscal Period: May	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	8.62M	140M	37.04M	270M	442M
Total Cash And Short Term Investments	8.62M	140M	37.04M	270M	442M
Accounts Receivable, Total	147M	227M	446M	837M	1.54B
Other Receivables	2.23B	2.86B	3.07B	3.64B	4.03B
Total Receivables	2.38B	3.09B	3.51B	4.48B	5.57B
Inventory	36.03M	44.35M	115M	250M	351M
Prepaid Expenses	25.37M	26.07M	36.82M	204M	160M
Other Current Assets, Total	34.42M	27.53M	54.09M	130M	178M
Total Current Assets	2.48B	3.33B	3.76B	5.34B	6.7B
Gross Property Plant And Equipment	120M	161M	229M	1.39B	2.24B
Accumulated Depreciation	-81.93M	-104M	-128M	-1.04B	-1.61B
Net Property Plant And Equipment	38.13M	56.84M	101M	349M	631M
Other Intangibles, Total	184M	200M	686M	2.48B	4.54B
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	1.45M	846K	-	-	-
Other Long-Term Assets, Total	32.57M	22.04M	41.92M	166M	689M
Total Assets	2.74B	3.61B	4.58B	8.33B	12.56B
Liabilities
Accounts Payable, Total	249M	234M	921M	2.51B	5.78B
Accrued Expenses, Total	257M	345M	883M	1.31B	1.85B
Short-term Borrowings	2.02B	-	96.49M	161M	241M
Current Portion of Long-Term Debt	780M	691M	751M	510M	627M
Current Portion of Leases	12.6M	12.71M	11.28M	38.83M	60.14M
Current Income Taxes Payable	41.01M	93.81M	32.64M	588M	438M
Unearned Revenue Current, Total	63.1M	64.32M	115M	748M	1.22B
Other Current Liabilities	18.89M	41.64M	60.03M	69.6M	81.54M
Total Current Liabilities	3.44B	1.48B	2.87B	5.93B	10.31B
Long-Term Debt	112M	3.22B	3.12B	3.01B	2.76B
Long-Term Leases	9.45M	-	-	52.27M	104M
Unearned Revenue Non Current	90.98M	81.26M	61.55M	86.67M	300M
Pension & Other Post Retirement Benefits	42.85M	91.14M	78.7M	207M	199M
Deferred Tax Liability Non Current	-	-	2.19M	20.26M	22.4M
Other Non Current Liabilities	44.21M	39.46M	31.09M	78.54M	57.41M
Total Liabilities	3.74B	4.91B	6.16B	9.39B	13.75B
Common Stock, Total	98.98M	98.98M	98.98M	98.98M	250M
Additional Paid In Capital	417M	417M	417M	2.73B	4.53B
Retained Earnings	-1.31B	-1.6B	-1.88B	-4.9B	-7.4B
Comprehensive Income and Other	-218M	-221M	-226M	924M	1.29B
Total Common Equity	-1.01B	-1.31B	-1.59B	-1.14B	-1.32B
Minority Interest	6.06M	7.18M	13.58M	84.86M	131M
Total Equity	-1B	-1.3B	-1.58B	-1.06B	-1.19B
Total Liabilities And Equity	2.74B	3.61B	4.58B	8.33B	12.56B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	98.98M	98.98M	98.98M	98.98M	1.25B
ECS Total Common Shares Outstanding	98.98M	98.98M	98.98M	98.98M	250M
Book Value / Share	-10.2	-13.23	-16.09	-11.53	-5.28
Tangible Book Value	-1.19B	-1.51B	-2.28B	-3.62B	-5.86B
Tangible Book Value Per Share	-12.05	-15.25	-23.02	-36.58	-23.44
Total Debt	2.93B	3.92B	3.98B	3.77B	3.79B
Net Debt	2.92B	3.78B	3.94B	3.5B	3.35B
Debt Equivalent Oper. Leases	220M	310M	535M	936M	1.38B
Minority Interest, Total (Incl. Fin. Div)	6.06M	7.18M	13.58M	84.86M	131M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	36.55M	44.67M	115M	247M	345M
Inventories - Others	-	-	-	3.12M	6.03M
Land - (BS)	6.62M	6.62M	6.62M	54.66M	74.01M
Machinery, Total	36.54M	39.65M	54.15M	444M	627M
Full Time Employees	502	497	530	628	578
Accumulated Allowance for Doubtful Accounts (Supple)	7.42M	7.35M	12.12M	12.89M	12.87M

Fiscal Period: May	2021	2022	2023	2024	2025
Net Income	-202M	-297M	-279M	1.59B	-765M
Depreciation & Amortization - CF	24.32M	22.56M	26.72M	115M	217M
Amortization of Goodwill and Intangible Assets - (CF)	75.52M	102M	308M	1.07B	1.62B
Depreciation & Amortization, Total	99.83M	125M	334M	1.18B	1.84B
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	-138M	-45.78M	-418M	-1.98B	-1.31B
Provision and Write-off of Bad Debts	-2.31K	-63.99K	4.77M	763K	-15.77K
Other Operating Activities, Total	113M	158M	7.07M	-1.77B	-1.61B
Change In Accounts Receivable	-57.59M	-79.85M	-224M	-392M	-702M
Change In Inventories	-7.55M	-8.12M	-70.43M	-31.61M	-13.05M
Change In Accounts Payable	81.43M	-14.73M	687M	1.59B	3.27B
Change in Other Net Operating Assets	-234M	90.67M	652M	1.57B	2.1B
Cash from Operations	-344M	-72.31M	694M	1.76B	2.81B
Capital Expenditure	-3.29M	-33.56M	-60.7M	-40.73M	-207M
Sale of Property, Plant, and Equipment	41.86K	215K	161K	10.94K	5.77K
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	12.19M	-72.76M	-375M	-53.55M	-1.49B
Cash from Investing	8.94M	-106M	-436M	-94.27M	-1.7B
Long-Term Debt Issued, Total	919M	291M	-	-	-
Total Debt Issued	919M	291M	-	-	-
Long-Term Debt Repaid, Total	-445M	-19.67M	-15.08M	-87.78M	-236M
Total Debt Repaid	-445M	-19.67M	-15.08M	-87.78M	-236M
Issuance of Common Stock	-	-	-	-	994M
Other Financing Activities, Total	-145M	5.72M	-325M	-1.34B	-1.69B
Cash from Financing	330M	277M	-340M	-1.42B	-934M
Foreign Exchange Rate Adjustments	-	-	-	-27.95M	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	-95.7M
Net Change in Cash	-5.14M	98.95M	-81.64M	212M	80.64M
Supplemental Items
Cash Interest Paid	148M	9.2M	334M	1.39B	1.74B
Cash Income Tax Paid (Refund)	-61.2K	1.84M	11.15M	76.67M	61.92M
Levered Free Cash Flow	-707M	-1.02B	51.11M	2.7B	386M
Unlevered Free Cash Flow	-495M	-569M	306M	3.42B	1.6B
Change In Net Working Capital	508M	567M	-703M	-3.03B	-2.9B
Net Debt Issued / Repaid	475M	272M	-15.08M	-87.78M	-236M

Fiscal Period: May	2021	2022	2023	2024	2025
Profitability
Return on Assets	-3.96	-0.64	-7.22	-8.39	-12.08
Return on Total Capital	-5.82	-0.89	-11.8	-20.21	-45.9
Return On Equity %	22.26	25.63	18.87	-87.7	57.09
Return on Common Equity	22.22	25.61	19.21	-82.16	53.36
Margin Analysis
Gross Profit Margin %	-12.83	6.2	-12.52	-15.48	-14.97
SG&A Margin	9.35	8.84	10.52	9.75	12.2
EBITDA Margin %	-10.4	5.91	-7.25	-0	-6.8
EBITA Margin %	-11.23	5.34	-8.05	-1.13	-7.98
EBIT Margin %	-22.2	-2.48	-22.98	-20.48	-26.84
Income From Continuing Operations Margin %	-29.17	-22.68	-13.19	29.77	-8.71
Net Income Margin %	-29.3	-22.78	-13.52	28.73	-8.91
Net Avail. For Common Margin %	-29.3	-22.78	-13.52	28.73	-8.91
Normalized Net Income Margin	-15.61	-13.73	-7.84	18.95	-3.75
Levered Free Cash Flow Margin	-102.66	-78.18	2.48	48.96	4.49
Unlevered Free Cash Flow Margin	-71.84	-43.68	14.83	61.84	18.64
Asset Turnover
Asset Turnover	0.29	0.41	0.5	0.66	0.72
Fixed Assets Turnover	17.31	27.43	26.13	17.46	15.57
Receivables Turnover (Average Receivables)	5.84	6.98	6.12	6.82	6.42
Inventory Turnover (Average Inventory)	24.22	30.4	29.09	27.27	28.64
Short Term Liquidity
Current Ratio	0.72	2.25	1.31	0.9	0.65
Quick Ratio	0.69	2.18	1.24	0.8	0.58
Operating Cash Flow to Current Liabilities	-0.1	-0.05	0.24	0.3	0.27
Days Sales Outstanding (Average Receivables)	62.51	52.3	59.6	53.69	56.84
Days Outstanding Inventory (Average Inventory)	15.07	12.01	12.55	13.42	12.75
Average Days Payable Outstanding	96.87	71.7	88.25	117.79	169.57
Cash Conversion Cycle (Average Days)	-19.3	-7.39	-16.1	-50.68	-99.99
Long Term Solvency
Total Debt/Equity	-292.33	-301.08	-251.91	-356.86	-318.78
Total Debt / Total Capital	151.99	149.73	165.83	138.93	145.71
LT Debt/Equity	-12.09	-247.05	-197.56	-289.65	-240.74
Long-Term Debt / Total Capital	6.29	122.86	130.05	112.76	110.04
Total Liabilities / Total Assets	136.66	136.08	134.45	112.68	109.47
EBIT / Interest Expense	-0.45	-0.04	-1.16	-0.99	-1.19
EBITDA / Interest Expense	-0.16	0.13	-0.34	0.05	-0.24
(EBITDA - Capex) / Interest Expense	-0.17	0.08	-0.49	0.01	-0.35
Total Debt / EBITDA	-55.33	42.53	-28.58	72.1	-8.09
Net Debt / EBITDA	-55.16	41.01	-28.32	66.93	-7.15
Total Debt / (EBITDA - Capex)	-52.09	66.88	-19.9	326.38	-5.61
Net Debt / (EBITDA - Capex)	-51.94	64.5	-19.72	302.98	-4.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	26.51	89.19	58.18	33.4	14.79
Gross Profit, 1 Yr. Growth %	103.43	-191.43	-419.4	-9.17	11
EBITDA, 1 Yr. Growth %	60.32	-207.43	-294.1	-99.95	262K
EBITA, 1 Yr. Growth %	54.25	-190.01	-338.34	-84.94	707.58
EBIT, 1 Yr. Growth %	33.42	-78.84	1.36K	-17.37	50.45
Earnings From Cont. Operations, 1 Yr. Growth %	31.02	47.07	-8	471.96	-133.58
Net Income, 1 Yr. Growth %	30.34	47.11	-6.12	439.46	-135.58
Normalized Net Income, 1 Yr. Growth %	11.74	66.41	-9.7	348.6	-122.74
Diluted EPS Before Extra, 1 Yr. Growth %	30.34	47.11	-6.12	439.46	-123.58
Accounts Receivable, 1 Yr. Growth %	64.62	54.46	96.93	6.95	35.78
Inventory, 1 Yr. Growth %	28.12	23.09	159.37	14.49	3.86
Net Property, Plant and Equip., 1 Yr. Growth %	-7.91	49.07	77.52	22.59	33.6
Total Assets, 1 Yr. Growth %	30.88	31.85	27.05	-2.38	11.37
Tangible Book Value, 1 Yr. Growth %	26.86	26.49	50.97	-14.45	19.54
Common Equity, 1 Yr. Growth %	25.07	29.69	21.67	-58.08	-14.53
Cash From Operations, 1 Yr. Growth %	-246.29	-78.99	-1.06K	66.81	18.03
Capital Expenditures, 1 Yr. Growth %	-48.02	918.69	80.87	-66.38	275.33
Levered Free Cash Flow, 1 Yr. Growth %	601.69	44.07	-105.02	-292.52	-85.42
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.78K	15.02	-153.72	-483.27	-55.63
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.36	54.7	72.99	105.91	43.99
Gross Profit, 2 Yr. CAGR %	25.38	36.38	70.89	225.29	16.84
EBITDA, 2 Yr. CAGR %	-7.87	31.23	44.4	-95.37	27.12
EBITA, 2 Yr. CAGR %	-6.97	17.83	46.47	-5.11	28.33
EBIT, 2 Yr. CAGR %	2.3	-46.86	76	491.36	29.75
Earnings From Cont. Operations, 2 Yr. CAGR %	-1.05	38.81	16.32	135.93	61.27
Net Income, 2 Yr. CAGR %	-1.03	38.47	17.52	131.24	61.21
Normalized Net Income, 2 Yr. CAGR %	-8.48	36.36	22.58	141.96	17.52
Diluted EPS Before Extra, 2 Yr. CAGR %	-1.03	38.47	17.52	131.24	31.25
Accounts Receivable, 2 Yr. CAGR %	-9.11	59.46	74.41	92.23	40.23
Inventory, 2 Yr. CAGR %	7.92	25.58	78.68	137.29	26.89
Net Property, Plant and Equip., 2 Yr. CAGR %	30.9	17.17	62.67	147.63	48.92
Total Assets, 2 Yr. CAGR %	17.55	31.36	29.43	51.93	21.33
Tangible Book Value, 2 Yr. CAGR %	25.75	26.67	38.19	54.88	17.67
Common Equity, 2 Yr. CAGR %	24.37	27.36	25.62	-6.63	-30.35
Cash From Operations, 2 Yr. CAGR %	3.75	-44.56	41.98	393.1	63.28
Capital Expenditures, 2 Yr. CAGR %	-28.24	130.1	329.24	10.17	30.7
Levered Free Cash Flow, 2 Yr. CAGR %	-0.91	217.95	-73.11	62.95	-47.61
Unlevered Free Cash Flow, 2 Yr. CAGR %	-9.32	339.06	-21.39	145.01	34.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	5.07	22.55	55.85	100.18	87.48
Gross Profit, 3 Yr. CAGR %	33.27	12.85	81.11	113.08	151.48
EBITDA, 3 Yr. CAGR %	17	-3.03	49.52	-86.8	96.53
EBITA, 3 Yr. CAGR %	16.24	-7.99	49.02	-6.77	114.33
EBIT, 3 Yr. CAGR %	15.87	-39.5	60.48	94.88	314.56
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.29	12.92	21.03	101.54	36.28
Net Income, 3 Yr. CAGR %	-11.29	12.95	21.65	98.88	37.08
Normalized Net Income, 3 Yr. CAGR %	-15.82	11.7	18.86	113.58	21.7
Diluted EPS Before Extra, 3 Yr. CAGR %	-41.57	12.95	21.65	98.88	19.52
Accounts Receivable, 3 Yr. CAGR %	35.21	8.47	71.08	78.71	89.4
Inventory, 3 Yr. CAGR %	26.19	12.76	59.93	90.66	99.32
Net Property, Plant and Equip., 3 Yr. CAGR %	22.32	36.7	34.57	109.09	123.02
Total Assets, 3 Yr. CAGR %	31.65	22.14	29.91	44.92	51.56
Tangible Book Value, 3 Yr. CAGR %	8.81	25.99	34.3	44.77	57.18
Common Equity, 3 Yr. CAGR %	5.75	26.12	25.43	4.17	0.29
Cash From Operations, 3 Yr. CAGR %	-16.99	-39.08	43.4	72.22	238.71
Capital Expenditures, 3 Yr. CAGR %	-28.85	73.75	112.36	131.24	83.4
Levered Free Cash Flow, 3 Yr. CAGR %	3.52	12.26	-20.25	56.4	-27.66
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.62	-1.84	117.97	90.42	41.16
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.67	22.84	28.26	50.82	73.61
Gross Profit, 5 Yr. CAGR %	21.31	42.94	47.21	72.35	96.88
EBITDA, 5 Yr. CAGR %	6.21	75.43	27.28	-71.29	67.21
EBITA, 5 Yr. CAGR %	9.62	52.84	27.5	-6.85	68.72
EBIT, 5 Yr. CAGR %	45.26	-10.92	36.96	50.59	82.27
Earnings From Cont. Operations, 5 Yr. CAGR %	11.49	14.06	-1.13	51.63	37.29
Net Income, 5 Yr. CAGR %	11.6	14.16	-0.73	50.44	37.64
Normalized Net Income, 5 Yr. CAGR %	8.1	13.56	-2.16	52.17	27.36
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.69	-11.14	-22.73	50.44	26.77
Accounts Receivable, 5 Yr. CAGR %	26.83	51.55	49.7	36.37	76.8
Inventory, 5 Yr. CAGR %	20.68	19.6	45.03	51.84	65.69
Net Property, Plant and Equip., 5 Yr. CAGR %	21.27	29.27	37.09	73.37	72.4
Total Assets, 5 Yr. CAGR %	37.78	40.42	30.76	33.28	43.13
Tangible Book Value, 5 Yr. CAGR %	18.11	19	19.73	36.84	44.18
Common Equity, 5 Yr. CAGR %	19.99	18.34	13.29	11.83	10.35
Cash From Operations, 5 Yr. CAGR %	122.5	-20.88	2.89	40.62	64.22
Capital Expenditures, 5 Yr. CAGR %	-4.84	55.08	46.01	44.8	100.82
Levered Free Cash Flow, 5 Yr. CAGR %	30.12	37.81	-39.63	30.3	30.79
Unlevered Free Cash Flow, 5 Yr. CAGR %	26.18	26.89	-11.72	41.53	122.25