Galata Wind Enerji A.s. · BIST:GWIND
Galata Wind Enerji A.s — Q1 2026 Earnings Presentation
18 slides from Galata Wind Enerji A.s's earnings presentation, 2026
Slide 1: Galata Wind Enerji A.Ş. Investor Presentation Q1 / 2026
Galata Wind Enerji A.Ş. Investor Presentation Q1 / 2026 1. Energy Market in Türkiye 2. Operational Data 3. Financial Data
Slide 2: Energy Market in Türkiye
SECTION 1 Energy Market in Türkiye
Slide 3: Türkiye Installed Capacity | Dec 2025/Mar 2026
Türkiye Installed Capacity | Dec 2025/Mar 2026 Total Installed Capacity 124,891 MW INSTALLED CAPACITY BY ENERGY RESOURCES (MW) INSTALLED CAPACITY BY ENERGY UTILITIES (MW) 32,294 PRODUCTION 75,004 HYDRO +10 +1,321 32,304 COMPANIES 76,325 23,603 NATURAL GAS +1,170 24,773 20,841 EÜAŞ -11 22,307 20,830
Slide 4: Türkiye Energy Generation | Dec 2025/Mar 2026
Türkiye Energy Generation | Dec 2025/Mar 2026 Total Energy Production 90,797 GWh GENERATION BY ENERGY RESOURCES (GWH) GENERATION BY ENERGY UTILITIES (GWH) 30,301 PRODUCTION 70,169 COAL -2,216 +473 28,085 COMPANIES 70,642 14,393 HYDRO +8,681 23,074 11,551 EÜAŞ +1,265 12,816 21,969 NATURAL GAS -8,006
Slide 5: Türkiye Energy Market | Electricity Consumption
Türkiye Energy Market | Electricity Consumption Total Consumption (thousand GWh) 361.2 347.9 332.9 331.1 330.3 306.1 296.7 304.2 303.3 279.3 257.2 265.7 242.4 246.4 230.3 210.4 198.1 194.1 87.3 90.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 2026 (
Slide 6: Electricity Prices (2024-2026)
Electricity Prices (2024-2026) TRY/MWh 4,500 4,000 Average Prices (TRY) 3,500 2,233 2,895 2,965 2,939 2,973 2024 MCP 3,000 2,729 2,740 2,784 2,478 2,453 2,327 2,202 2,500 2,184 2025 MCP 2,607 2,509 2,589 2,574 2,463 2,446 2,000 2,396 2,336 2,190 2,095 1,943 2,078 2,047 1,500 1,958 1,764 1,620 2026 M
Slide 7: Operational Data
SECTION 2 Operational Data
Slide 8: Galata Wind Portfolio
Galata Wind Portfolio Çorum SPP Taşpınar WPP and Good location and Erzurum SPP Hybrid SPP (Bursa) efficient operation Best generation in its Operational since March 2021 (Unlicensed) distribution zone Hybrid Solar added Dec. 2023 (Unlicensed) Şah WPP (Balıkesir) Among the biggest WPPs in Türkiye Mersi
Slide 9: Key Operational Figures - WPP & SPP
Key Operational Figures - WPP & SPP Capacity Usage Factor WPP WPP Generation - GWh 50% 900 827 800 741 758 45% 690 678 700 40% 600 500 35% 400 322 333 317 322 311 281 258 30% 300 222 225 218218 235 183 192 169 182 74 200 147 25% 57 87 100 46 79 97 20% 0 2021 2022 2023 2024 2025 2021 2022 2023 2024 2
Slide 10: Operation | Generation
Operation | Generation Generation Growth (GWh) 900 881 14 810 40 793 800 14 745 39 13 730 38 14 14 700 41 37 235 183 601 147 218 600 556 14 169 40 514 14 2 29 500 463 14 428 437 421 311 386 384 400 322 333 326 327 344 317 322 317 300 326 267 2 292 299 295 7 193 277 273 193 2 74 200 8 281 57 97 100 6
Slide 11: Ongoing Investments
Ongoing Investments Total Installed Capacity - Present 2027 2030 Alapınar WPP (New License) 16 MW Mersin WPP 99.9 MW Şah WPP (Capacity expansion) 8 MW European SPP Investments 100 MW Şah WPP 105 MW Taşpınar WPP + Hybrid SPP 115.2 MW European SPP Investments 200 MW • Germany Agri PV 63 MW PPs with St
Slide 12: Financial Data
SECTION 3 Financial Data Unless otherwise stated, financial data in the presentation expressed on a purchasing power basis of 31 March 2026.
Slide 13: Financial Performance
Financial Performance REVENUE EBITDA CapEx (million TRY) (million TRY) (million TRY) 692 457 471 Purchase of PPE & Intangible Assets -4.9% -11.6% -32,5% 728 517 692 457 699 471 2025 Mar 2026 Mar 2025 Mar 2026 Mar 2025 Mar 2026 Mar TOTAL ASSETS EQUITY FREE CASH (million TRY) (million TRY) (million TR
Slide 14: Margins
Margins GROSS MARGIN EBITDA MARGIN NET DEBT*/EBITDA** (%) (%) (%) 47.63 66.03 0.78 50.20 71.07 47.63 66.03 0.78 0.71 2025 Mar 2026 Mar 2025 Mar 2026 Mar 2025 Mar 2026 Mar ROA ROE NET FINANCIAL DEBT*/EQUITY (%) (%) (%) 0.74 1.05 0.09 0.78 1.13 0.09 0.09 0.74 1.05 2025 Mar 2026 Mar 2025 Mar 2026 Mar 2
Slide 15: Balance Sheet Mar 2026/31 Dec 2025
Balance Sheet 31 Mar 2026/31 Dec 2025 Current Assets: Consolidated Financial Statement Change compared to 31 Mar 2026 31 Dec 2025 As of March 31, 2026, current assets decreased by 17% to TRY 1,992 million. The (m TRY) 31 Dec 2025 main reason for the decrease is the principal and interest payments on
Slide 16: P&L Table - Mar 2026/2025
P&L Table - 31 Mar 2026/2025 Gross Profit: Consolidated Income Statement 31 Mar 2026 31 Mar 2025 Yearly Change (m TRY) Galata Wind’s consolidated revenues decreased 5% compared to last year, reaching TRY 692 million in the first quarter of 2026. Despite a 38% increase in production, our Revenue 691.
Slide 17: Financial Data | Quarters before TAS Inflation Adjustments
Financial Data | Quarters before TAS 29 Inflation Adjustments Income Statement Q1-2024 Q2-2024 Q3-2024 Q4-2024 Q1-2025 Q2-2025 Q3-2025 Q4-2025 Q1-2026 Revenue 464,805,596 442,453,262 596,890,634 569,095,662 543,595,761 598,238,715 920,712,162 605,964,482 671,986,017 Cost of Sales (-) -97,925,046 -128
Slide 18: Disclaimer
Disclaimer All information contained in this presentation (“Presentation”), which consists of documents and appendices, is provided by Galata Wind Enerji A.Ş. It has been prepared by GWIND to present information, insights and statements about the company (GWIND). The accuracy, adequacy and completen
Galata Wind Enerji A.Ş. — Q1 2026 Earnings Presentation on 6ix