Galatasaray Sportif Posts Quarterly Profit as Revenue Slips
The club reported higher net profit for June-August, while sales revenue fell and operating cash flow remained negative.
Key takeaways
- Consolidated net profit was TL 116,127,466 for June-August 2026.
- Revenue fell to TL 5,187,052,768 from TL 5,604,528,118 a year earlier.
- Operating cash flow was negative TL 1,700,669,342 for the quarter.
Galatasaray Sportif reported consolidated net profit of TL 116,127,466 for the three months ended August 31, 2026, compared with TL 61,871,902 in the same period a year earlier. Revenue declined to TL 5,187,052,768 from TL 5,604,528,118, according to the company’s KAP filing.
Gross profit fell to TL 94,134,765 from TL 319,453,524. The company still recorded an operating loss of TL 864,079,705, narrower than the TL 906,568,420 loss a year earlier. Its income statement also listed TL 1,130,973,064 in financing income and a TL 538,769,326 gain from the net monetary position.
Operating cash flow was negative TL 1,700,669,342, compared with negative TL 6,630,379,943 in the prior-year quarter. The company ended August with TL 85,673,592 in cash and cash equivalents, down from TL 183,440,117 at May 31.
The figures show why reported profit and cash generated from operations should be read separately: the company recorded a quarterly profit, but operations used cash during the period. The statements are consolidated and presented in Turkish lira.
This article was produced with the help of AI technology. Source: Yahoo Finance
