Formula (FORTY) — Free Cash Flow Generation Index
Latest as of December 2025:
0.96x
Formula (FORTY) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of ILA402.54 Million represents 1% of operating cash flow (ILA420.06 Million). Read debt load of Formula for a breakdown of total debt and financial obligations.
FCF Generation Index
0.96x
Free Cash Flow / Operating CF
Free Cash Flow
ILA402.54 Million
ILA
Operating Cash Flow
ILA420.06 Million
ILA
Capital Expenditures
ILA17.52 Million
ILA
Formula Free Cash Flow Generation Index (1998–2025)
Historical FCF Generation Index trend for Formula across 28 annual periods. Explore Formula capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Formula (1998–2025)
Year-by-year Free Cash Flow Generation Index for Formula. For the full company profile including market capitalisation, see Formula (FORTY) market capitalisation.
| Year | FCG Index | Free Cash Flow (ILA) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.96x | ILA402.54 Million | ILA420.06 Million | ILA17.52 Million | ▲ +5.2% |
| 2024 | 0.91x | ILA295.49 Million | ILA324.45 Million | ILA28.96 Million | ▲ +2.2% |
| 2023 | 0.89x | ILA262.97 Million | ILA294.97 Million | ILA32.00 Million | ▲ +6.7% |
| 2022 | 0.84x | ILA199.82 Million | ILA239.14 Million | ILA39.31 Million | ▼ -1.8% |
| 2021 | 0.85x | ILA177.42 Million | ILA208.48 Million | ILA31.06 Million | ▼ -5.4% |
| 2020 | 0.90x | ILA258.13 Million | ILA286.94 Million | ILA28.81 Million | ▲ +10.6% |
| 2019 | 0.81x | ILA159.50 Million | ILA196.08 Million | ILA36.59 Million | ▲ +8.4% |
| 2018 | 0.75x | ILA61.96 Million | ILA82.59 Million | ILA20.63 Million | ▼ -2.1% |
| 2017 | 0.77x | ILA62.07 Million | ILA80.98 Million | ILA18.91 Million | ▲ +3.2% |
| 2016 | 0.74x | ILA55.66 Million | ILA74.95 Million | ILA19.30 Million | ▼ -9.4% |
| 2015 | 0.82x | ILA44.58 Million | ILA54.40 Million | ILA9.82 Million | ▲ +14.5% |
| 2014 | 0.72x | ILA11.93 Million | ILA16.67 Million | ILA4.74 Million | ▼ -5.3% |
| 2013 | 0.76x | ILA51.78 Million | ILA68.55 Million | ILA16.77 Million | ▼ -7.5% |
| 2012 | 0.82x | ILA59.64 Million | ILA73.07 Million | ILA13.43 Million | ▲ +193.6% |
| 2011 | 0.28x | ILA7.18 Million | ILA25.83 Million | ILA18.65 Million | ▼ -69.1% |
| 2010 | 0.90x | ILA48.02 Million | ILA53.37 Million | ILA5.35 Million | ▼ -5.4% |
| 2009 | 0.95x | ILA52.93 Million | ILA55.64 Million | ILA2.71 Million | ▲ +4.0% |
| 2008 | 0.91x | ILA43.33 Million | ILA47.38 Million | ILA4.05 Million | ▲ +30.1% |
| 2007 | 0.70x | ILA30.40 Million | ILA43.27 Million | ILA12.87 Million | ▲ +2923.6% |
| 2006 | 0.02x | ILA603.00K | ILA25.95 Million | ILA25.35 Million | ▲ +100.8% |
| 2005 | -2.78x | ILA-17.46 Million | ILA6.29 Million | ILA23.75 Million | ▼ -509.2% |
| 2004 | 0.68x | ILA12.09 Million | ILA17.81 Million | ILA5.72 Million | ▲ +12.7% |
| 2003 | 0.60x | ILA7.41 Million | ILA12.29 Million | ILA4.89 Million | ▲ +88.7% |
| 2002 | 0.32x | ILA1.59 Million | ILA4.97 Million | ILA3.38 Million | ▲ +103.7% |
| 2001 | -8.55x | ILA-10.06 Million | ILA1.18 Million | ILA11.24 Million | ▼ -367.2% |
| 2000 | -1.83x | ILA-10.35 Million | ILA5.65 Million | ILA16.00 Million | ▼ -2171.1% |
| 1999 | 0.09x | ILA1.19 Million | ILA13.41 Million | ILA12.23 Million | ▼ -86.4% |
| 1998 | 0.65x | ILA22.60 Million | ILA34.70 Million | ILA12.10 Million | — |
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).