Aksa Enerji Uretim A.s. · BIST:AKSEN
Aksa Enerji Uretim A.s — FY2025 Earnings Presentation
14 slides from Aksa Enerji Uretim A.s's earnings presentation, Mar 6, 2026
Slide 1: 2025 Earnings Presentation
1 2025 EARNINGS PRESENTATION 6 March 2026
Slide 2: Key Highlights – YE'25
Key Highlights – YE’25 IMPROVING PROFITABILITY DESPITE AN INTENSIVE INVESTMENT CYCLE TL million 4Q’25 3Q’25 Q/Q Quarterly - 4Q’25 vs 3Q’25 Net Sales 9,920 9,949 -0.3% EBITDA 3,266 3.636 -10% Net Income 1,137 998 14% YE’25 YE’24 Y/Y Cumulative – YE’25 vs YE24 Net Sales 42,385 41,412 2% EBITDA 13,518
Slide 3: Regional Breakdown
Regional Breakdown FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 73% TL million Domestic Foreign Share of Foreign %30 Cumulative- YE’25 Net Sales 29,660 12,726 %70 %27 EBITDA 3,711 9,807 %73 %5 Profit Before Tax 344 7,173 %95 TL million Domestic Foreign Share of Foreign %29 Cumulative- YE’24 Net Sal
Slide 4: Price Evolution in Turkish Market
Price Evolution in Turkish Market Price SPOT PRICES IN Evolution in Turkish TURKIYE INCREASED Market BY 17% Y/Y Average Spot Electricity Prices (TL/MWh) • In 2025, average spot prices increased by 17% y/y and reached 2,618 TL/MWh. • Effective from April 5, 2025, spot price ceiling was increased from
Slide 5: Antalya PP - Key Highlights
Antalya PP - Key Highlights ANTALYA- 900 MW NATURAL GAS CCGT Ali Metin ACTIVE ROLEKazancı Antalya IN PRIMARY Power Plant AND SECONDARY – Key Highlights MARKETS Antalya Power Plant Location Technical Overview ◼ Energy Source: Natural Gas Overview ◼ Installed Capacity: 900 MW CCGT ◼ CoD: 2008 ◼ 2 Siem
Slide 6: Bolu PP - Key Highlights
Bolu PP - Key Highlights BOLU GÖYNÜK- 270 MW LOCAL LIGNITE POWER PLANT Bolu Göynük SUPPORTED PERFORMANCE Power Plant – Key Highlights BY INCENTIVES FOR LOCAL FUEL Bolu Göynük Power Plant Location Technical Overview ◼ Energy Source: Local Lignite Plant Overview ◼ Installed Capacity: 270 MW (2x 135 MW
Slide 7: Northern Cyprus - PP Key Highlights
Northern Cyprus - PP Key Highlights NORTHERN CYPRUS 188 MW COMBINED CYCLE HFO POWER PLANT USD BASED GUARANTEED ENERGY SALES Northern Cyprus Power Plant Location Technical Overview ◼ Energy Source: Liquid Fuel ◼ Installed Capacity: 188 MW Combined Cycle Plant Overview ◼ CoD: 2003 ◼ Contract Expiry: 2
Slide 8: Tashkent, Bukhara & Tallimarjon PP – Key Highlights
Tashkent, Bukhara & Tallimarjon PP – Key Highlights OUR TOTAL INSTALLED CAPACITY REACHED 1,220 MW IN UZBEKISTAN WITH Tashkent COMPLETION A, B and Bukhara OF COMBINED Power CYCLE PP IN Plants – Key Highlights TALLIMARJON Uzbekistan Power Plants’ Locations Technical Overview ◼ Energy Source: Natural G
Slide 9: Africa Operations – Key Highlights
Africa Operations – Key Highlights LONG TERM GUARANTEED ENERGY SALES IN HARD CURRENCY & Mali FUEL Power Plant – Key IS PASS THROUGH Highlights IN ALL OF OUR OVERSEAS OPERATIONS Africa Power Plants’ Locations Technical Overview ◼ Energy Source: Natural Gas + Liquid Fuel ◼ Installed Capacity: 370 MW P
Slide 10: Consolidated Summary Income Statement
Annex-1 CONSOLIDATED SUMMARY INCOME STATEMENT YE’25 YE’24 Change MM TL Net sales 42,385 41,412 2% Cost of sales (31,841) (32,658) -3% Gross Profit 10,545 8,754 20% General & administrative costs (1,752) (1,946) -10% Marketing expenses (36) (52) -32% Other operating income 1,009 492 105% Other operat
Slide 11: Consolidated Summary Balance Sheet
Annex-2 CONSOLIDATED SUMMARY BALANCE SHEET YE’25 YE’24 Change MM TL Cash and cash equivalents 6.520 1.380 372% Trade receivables 7.648 13.062 -41% Inventories 2.224 1.804 23% Total Current Assets 19.991 19.391 3% PP&E 102.179 80.880 26% Intangibles 3.454 2.121 63% Total Non-current Assets 109.600 88
Slide 12: Consolidated Summary Quarterly Income Statement
Annex-3 CONSOLIDATED SUMMARY QUARTERLY INCOME STATEMENT 4Q2025 4Q2024 Y/Y 3Q2025 Q/Q MM TL Net sales 9.920 11,320 -12% 9,949 -0% Cost of sales (7,443) (8,563) -13% (7,046) 6% Gross Profit 2,478 2,757 -10% 2,902 -15% General & administrative costs (442) (556) -21% (438) 1% Marketing expenses 14 32 -5
Slide 13: Contact Information
Contact Information INVESTOR RELATIONS Pınar Saatcıoğlu Investor Relations and Sustainability Director investorrelations@aksaenerji.com.tr +90 216 681 1053 Rüzgarlıbahçe Mh . Özalp Çıkmazı No:10 Kavacık / Beykoz Istanbul Aksa Enerji Üretim A.Ş. https://www.aksaenerji.com.tr/investor-relations 14
Slide 14: Disclaimer
DISCLAIMER Aksa Energy has prepared this presentation for the sole purpose of providing information, which contains forward-looking statements that reflect the Company management’s current views with respect to certain future events. Although it is believed that the expectations reflected in these s
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