Alarko Holding A.s. · BIST:ALARK
Alarko Holding A.s — Q3 2025 Earnings Presentation
14 slides from Alarko Holding A.s's earnings presentation, November 2025
Slide 1: Q3 2025 Financial Results Presentation
Q3 2025 Financial Results Presentation
Slide 2: Combined Financial Results
Combined Financial Results Combined Revenue (TL mn)* 46.171 42.950 882 2,671 1,741 5,933 2,373 3,455 19.133 18.785 20,968 21,518 388 666 972 862 1,371 1,334 9,409 9,595 12,605 10,531 5,073 4,334 Q3 2024 Q3 2025 9M 2024 9M 2025 Power Gen. Power Dist&Retail Construction Land Dev. Industrial Holding To
Slide 3: Combined Financial Results
Combined Financial Results Combined EBITDA (TL mn)* 15.674 12.169 401 10.730 404 29 7.791 5,469 436 5,911 4,342 468 132 4,252 8,693 5,295 5,085 2,276 -123 -107 Q3 2024 Q3 2025 9M 2024 9M 2025 Power Gen. Power Dist&Retail Construction Land Dev. Industrial Holding Tourism Agriculture 3 | Alarko Q3 202
Slide 4: Combined Financial Results
Combined Financial Results Combined Net Profit (TL mn)* 20.035 306 14.561 4,712 558 1,921 1,872 9,985 4.299 3.973 485 10,610 380 3,251 6,847 2,646 2,032 1,699 -129 -582 Q3 2024 Q3 2025 9M 2024 9M 2025 Power Gen. Power Dist&Retail Construction Land Dev. Industrial Holding Tourism Agriculture 4 | Alar
Slide 5: Power Generation Operations in the Quarter
Power Generation Operations in the Quarter Net Power Generation (KWh)* Revenue (TL mn)* 12,605 7,012,293 7.034,459 10,531 67,828 55,650 2,883,266 5,073 2,791,357 4,334 6,823,761 6,877,529 1,287 6 2,840,402 2,754,916 Q3 2024 Q3 2025 9M 2024 9M 2025 Q3 2024 Q3 2025 9M 2024 9M 2025 EBITDA (TL mn)* Cena
Slide 6: Power Distribution & Retail Operations in the Quarter
Power Distribution & Retail Operations in the Quarter EBITDA (TL mn)* 5,911 5,469 4,342 4,252 Revenue (TL mn)* 21,518 20,968 Q3 2024 Q3 2025 9M 2024 9M 2025 Net Profit (TL mn)* 9,409 9,595 9,985 3,251 2,646 1,872 Q3 2024 Q3 2025 9M 2024 9M 2025 Q3 2024 Q3 2025 9M 2024 9M 2025 6 | Alarko Q3 2025 Fina
Slide 7: Construction Operations in the Quarter
Construction Operations in the Quarter EBITDA (TL mn)* 398 251 258 Revenue (TL mn)* Q3 2024 Q3 2025 9M 2024 9M 2025 5,933 -171 Net Profit (TL mn)* 3,455 449 195 1,371 1,334 Q3 2024 Q3 2025 9M 2024 9M 2025 -392 Q3 2024 Q3 2025 9M 2024 9M 2025 7 | Alarko Q3 2025 Investor Presentation -851 The figures
Slide 8: Land Development Operations in the Quarter
Land Development Operations in the Quarter EBITDA (TL mn)* 819 Revenue (TL mn)* 756 517 408 510 459 344 Q3 2024 Q3 2025 9M 2024 9M 2025 322 Net Profit (TL mn)* 447 279 218 79 Q3 2024 Q3 2025 9M 2024 9M 2025 Q3 2024 Q3 2025 9M 2024 9M 2025 8 | Alarko Q3 2025 Financial Results Presentation The figures
Slide 9: Industry Operations in the Quarter
Industry Operations in the Quarter EBITDA (TL mn)* 167 Revenue (TL mn)* 76 56 57 2,671 2,373 Q3 2024 Q3 2025 9M 2024 9M 2025 Net Profit (TL mn)* Q3 2024 Q3 -4 2025 9M 2024 9M 2025 -8 972 862 Q3 2024 Q3 2025 9M 2024 9M 2025 -154 -210 9 | Alarko Q3 2025 Financial Results Presentation The figures repre
Slide 10: Tourism Operations in the Quarter
Tourism Operations in the Quarter EBITDA (TL mn)* 468 436 Revenue (TL mn)* 2,244 404 401 2,123 1,417 Q3 2024 Q3 2025 9M 2024 9M 2025 1,329 Net Profit (TL mn)* 558 485 380 306 Q3 2024 Q3 2025 9M 2024 9M 2025 Q3 2024 Q3 2025 9M 2024 9M 2025 10 | Alarko Q3 2025 Financial Results Presentation The figure
Slide 11: Agriculture Operations in the Quarter
Agriculture Operations in the Quarter EBITDA (TL mn)* Revenue (TL mn) -12 1,741 -46 -56 -79 Q3 2024 Q3 2025 9M 2024 9M 2025 Net Profit (TL mn)* 882 666 122 388 -245 -1,093 Q3 2024 Q3 2025 9M 2024 9M 2025 -2,558 Q3 2024 Q3 2025 9M 2024 9M 2025 11 | Alarko Q3 2025 Financial Results Presentation The fi
Slide 12: Combined & Consolidated Financial Results
Combined & Consolidated Financial Results… Combined P&L (TL mn)* Q3 2025 Q3 2024 Change 9M 2025 9M 2024 Change 18,785 19,133 (2%) 42,950 46,171 (7%) Revenue 7,791 10,730 (27%) 12,169 15,674 (22%) EBITDA 41% 56% 28% 34% EBITDA Margin 3,973 4,299 (8%) 20,035 14,561 38% Net Profit The figures represent
Slide 13: Consolidated Financial Results
Consolidated Financial Results… Consolidated Balance Sheet (TL mn)* Q3 2025 FY 2024 Change Assets 121.812 117.825 3% Current Assets 21.657 24.383 (11%) Cash & Cash Equivalents 5.701 10.958 (48%) Financial Investments 7.239 5.995 21% Non-current Assets 100.155 93.442 7% Liabilities 43.296 36.669 %18
Slide 14: Disclaimer
Disclaimer Alarko Holding A.S. (the“Company”) has prepared this presentation (the “Presentation”) in order to provide investors with general information about the Company. The contents of this Presentation is based on public information and on data provided by the Company’s management. Neither the C