Enka Insaat Ve Sanayi A.s. · BIST:ENKAI
Enka Insaat Ve Sanayi A.s — FY2025 Earnings Presentation
46 slides from Enka Insaat Ve Sanayi A.s's earnings presentation, 2026
Slide 1: 4Q 2025 presentation
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Slide 2: Introduction
Introduction 596 projects in 61 countries have been completed or under construction 68 years of with historical value of US$ 68.4 billion engineering & Employs circa 25,000 personnel worldwide construction experience Among the world’s top contractors since 1981 worldwide (Engineering News-Reco
Slide 3: Commitments
Commitments Our Mission to design, build and deliver safe, high-quality, and cost-effective construction projects on schedule for our customers while providing quality employment and career growth opportunities for ENKA employees. Our Vision to be one of the best and innovative engineering & constru
Slide 4: Sustainability
Sustainability ENKA, which operates in different sectors such as engineering and construction, energy, real estate and trade in many different geographies, has made a commitment to serve sustainable development in all its operations. The approach which ENKA has adopted to corporate sustainability is
Slide 5: Sustainability: Our Business & Principles
Sustainability Our Business & Principles • Maintains an Ethics & Compliance Program to ensure open, honest and transparent communication with all stakeholders in accordance with applicable national & international laws and regulations, as well as company values and industry standards. • Adopts an in
Slide 6: Sustainability: Our People & Community
Sustainability Our People & Community • Respects human rights and assesses the human rights impacts of its investments and operations as part of its social impact assessment process. • Includes its stakeholders in the decision-making mechanisms of the company and provides transparent, effective, par
Slide 7: Sustainability: Our Planet
Sustainability Our Planet • Assesses, measures and reports its environmental impacts and develops plans and procedures to reduce them. • Commits to reach net zero emissions in its operations by 2050 and takes actions to reduce direct and indirect emissions from its projects, operations and supply ch
Slide 8: Shareholding
Shareholding As of March 27, 2025 SHAREHOLDER OWNERSHIP FREE FLOAT AND OTHERS 8,44% TARA HOLDİNG A.Ş. 49,80% 2,29% VİLDAN GÜLÇELİK 7,99% 5,87% 52,02% SEVDA GÜLÇELİK 6,43% ENKA FOUNDATION 5,87% ALİ GÜLÇELİK 4,50% MİKADO REAL ESTATE INVESTMENT 4,37% BİLGİ GÜLÇELİK 4,31% NURDAN GÜLÇELİK 1,55% SELİM GÜL
Slide 9: Financial Highlights
Financial Highlights 9/33 2025 2024 2023 2022 TOTAL ASSETS 11.508 10.304 9.408 8.581 TOTAL EQUITY 8.710 7.920 7.325 6.471 CASH & MARKETABLE SECURITIES 5.725 5.520 5.195 4.597 REVENUE 3.966 3.065 3.226 3.731 EBITDA 858 706 647 820 EBITDA MARGIN (%) 21,6 23,0 20,1 22,0 NET PROFIT 917 753 714 118 NET M
Slide 10: Revenues by Business Lines
REVENUES BY BUSINESS LINES 2025 2024 2023 2022 USD % USD % USD % USD % CONSTRUCTION 2.686 67,7 2.254 73,5 2.042 63,3 1.933 51,8 t POWER GENERATION 674 17,0 328 10,7 701 21,7 1.298 34,8 REAL ESTATE 400 10,1 335 10,9 324 10,0 344 9,2 TRADE 308 7,8 279 9,1 277 8,6 247 6,6 ELIMINATION (102) (2,6) (131)
Slide 11: EBITDA by Business Lines
EBITDA by Business Lines 2025 2024 2023 2022 USD % MRG USD % MRG USD % MRG USD % MRG CONSTRUCTION 492 57 18 426 60 19 346 53 17 483 59 25 POWER GENERATION 52 6 8 10 t1 3 5 1 1 92 11 7 REAL ESTATE 239 28 60 206 29 61 220 34 68 194 24 56 TRADE 75 9 24 66 9 24 75 12 27 51 6 21 ELIMINATION 0 0 (2) t0 1
Slide 12: Share Capital Increases
Share Capital Increases 12/33 PREVIOUS SHARE INCREASED DATE CAPITAL INCREASE INCREASE (%) SHARE CAPITAL 25.02.2012 2.500 300 12,00 2.800 12.06.2013 2.800 400 14,29 3.200 21.05.2014 3.200 400 12,50 3.600 06.05.2015 3.600 400 11,11 4.000 23.05.2016 4.000 200 5,00 4.200 27.04.2017 4.200 400 9,52 4.600
Slide 13: Dividend Payments
Dividend Payments 13/33 Amounts in Millions 13/46
Slide 14: Share Buyback
Share Buyback 14/33 YEAR ACTION SHARE AMOUNT EQUITY PERCENTAGE 2016 SHARE BUYBACK 8,4 Million 4,2 Billion 0,20% 2017 SHARE BUYBACK 9,2 Million 4,6 Billion 0,20% 2018 SHARE BUYBACK 30,0 Million 5,0 Billion 0,60% 2019 SHARE BUYBACK 40,0 Million 5,0 Billion 0,80% 2020 SHARE BUYBACK 37,5 Million 5,6 Bil
Slide 15: Awards & Recognition
Awards & recognıtıon Morava Corridor Motorway received the IRF Global Road Achievement Sulaymaniyah Power Plant Project, located in Iraq was selected as the Best Awards for its Environmental Stewardship in 2024. Global Project of the Year 2017 by ENR. Misurata 650 MW Simple Cycle Power Plant P
Slide 16: HSSE Achievements
Hsse achıevements Dradenau Combined Heat and Power Plant Samawa 750 MW CCPP – Phase I The “Merit” award at the International Safety Awards by 8,200,000 Person-Hours without LTI the British Safety Council in 2025 Achieved Distinction in International Safety Awards by British Safety Council Misu
Slide 17: Engineering & Construction
Hsse achıevements ENGINEERING & CONSTRUCTION ENKA provides full range of design and engineering, procurement, in-house fabrication, modularization construction, commissioning and start-up, operation and maintenance, and project management services (EPCC, EPC, PC or C only) in the following sectors:
Slide 18: Backlog
BACKLOG All figures given above are in Million US Dollars The group «Others» consists of the following countries: Australia, Bahamas, Canada, China, Dominican Republic, France, Hungary, Malaysia, Mongolia, Morocco, Nigeria, Puerto Rico, Qatar, Russia, Saudi Arabia, Spain, Sweden and Taiwan 18/46
Slide 19: Central Processing Facility of AGUP Phase 2
THE CENTRAL PROCESSING FACILITY OF ASSOCIATED GAS UPSTREAM PROJECT (AGUP) PHASE 2 PROJECT DESCRIPTION The contract covers the design and construction of a new facility capable of handling a peak production of 221,000 barrels of oil per day (210,000 bpd at 95% availability). The Central Processing Fa
Slide 20: Nasiriyah 921.8 MW Combined Cycle Power Plant
NASIRIYAH 921.8 MW COMBINED CYCLE POWER PLANT PROJECT DESCRIPTION The consortium formed by our 100% owned subsidiary Entrade GmbH and Siemens Energy Global GmbH & Co. KG has signed a turnkey contract with the Ministry of Electricity of Iraq for the construction of a 921.8 MW natural gas combined cyc
Slide 21: Bazian-II Power Plant Conversion Project
BAZIAN-II POWER PLANT CONVERSION PROJECT PROJECT DESCRIPTION ENKA has signed a lump sum turnkey contract with Taurus Arm for Power Generation for the conversion of the existing Bazian power plant into a combined cycle facility, located in Sulaymaniyah, Iraq. The project involves the conversion of an
Slide 22: Low Carbon Hydrogen Production Plant
LOW CARBON HYDROGEN PRODUCTION PLANT PROJECT DESCRIPTION On January 15th, 2025, ENKA UK Construction Ltd., a subsidiary of ENKA İnşaat ve Sanayi A.Ş., and Essar Energy Transition (EET) Hydrogen, signed a contract for the UK’s leading large-scale Low Carbon Hydrogen Production Plant (HPP1) at the Sta
Slide 23: Propylene Splitter Unit Project İzmit & İzmir Refineries
Propylene Splitter Unit Project İzmİt & İzmİr Refineries PROJECT DESCRIPTION ENKA signed contracts with TÜPRAŞ (Türkiye Petrol Rafinerileri A.Ş.) for the Propylene Splitter Unit Project for İzmit Refinery and İzmir Refinery on 24.04.2024. ENKA will carry out the detailed engineering, procurement, co
Slide 24: Morava Corridor Motorway
Morava Corridor Motorway PROJECT DESCRIPTION ENKA and its joint venture partner Bechtel have been selected by the Government of the Republic of Serbia to design and build the 112 km Morava Corridor Motorway 2024 IRF GLOBAL ROAD Project which will connect central Serbia with Pan-European Corridors 10
Slide 25: Corridors 8 & 10d Motorway
Corrıdors 8 & 10d Motorway PROJECT DESCRIPTION ENKA, with its joint-venture partner Bechtel, will build 109 km Corridor 8 & 10d Motorway Project in North Macedonia and will complete it within 5 years. Corridor 8 (Tetovo – Gostivar - Bukojcani and Trebenista – Struga - Kjafasan Motorway section) is a
Slide 26: Hinkley Point C Turbine Island Piping Works
Hinkley Point C Nuclear Power Plant Turbine Island Piping Prefabrication & Erection Works and Insulation & Painting Works PROJECT DESCRIPTION ENKA UK Construction Ltd., a subsidiary of ENKA İnşaat ve Sanayi A.Ş., is contracted by one of the main contractors on the HPC Site to prefabricate, install a
Slide 27: Shotton Paper Mill Project
SHOTTON PAPER MILL PROJECT PROJECT DESCRIPTION ENKA signed a contract for the construction of a Paper Mill Factory on the Dee Estuary in Flintshire, North Wales for Shotton Mill Limited owned by Modern Karton/EREN Holding, one of the biggest manufacturers of paper, cardboard and corrugated packaging
Slide 28: Dradenau Combined Heat and Power Plant
Dradenau Combıned Heat and Power Plant PROJECT DESCRIPTION On 15 September 2021, The ARGE Uniper-ENKA Dradenau (UEJV) partnership signed a contract with Hamburger Energiewerke GmbH (former Wärme Hamburg GmbH) for the turnkey construction of approximately 180 MW electric and district heating capacity
Slide 29: Stade LNG Regasification Terminal
Stade Liquefied Natural Gas Regasification Terminal PROJECT DESCRIPTION ENKA’s wholly owned subsidiary Entrade GmbH, in a consortium formed together with Técnicas Reunidas and FCC Industrial, has signed an EPC (Engineering, Procurement and Construction) contract with the Hanseatic Energy Hub company
Slide 30: Temane 456 MW Independent Power Plant
TEMANE 456 MW INDEPENDENT POWER PLANT PROJECT DESCRIPTION ENKA signed a contract with Central Térmica De Temane S.A. (CTT) for construction works and services related to the 456 MW Temane Independent Power Plant Project in Temane, Mozambique. The project is scheduled for completion within 23 months.
Slide 31: Engineering & Fabrication
Visit website ENGINEERING & www.cimtas.com FABRICATION ÇİMTAŞ, a subsidiary of ENKA, is a leading provider of integrated engineering, procurement, welded fabrication, assembly and installation solutions for top-tier global customers. ÇİMTAŞ was incorporated in 1973 in Türkiye as a local steel fabric
Slide 32: Engineering & Fabrication
ENGINEERING & FABRICATION ÇİMTAŞ provides the following services for Power, Oil & Gas, Chemicals, Offshore, Mining & Metals Industries: Engineering (Structural, Pressure Vessels, Piping, Plant Engineering) Manufacturing (LSAW Pipes, Fittings, Flanges & Branch Connections) and Fabrication (7 shop
Slide 33: Foundation Engineering
Foundatıon Visit website engıneerıng www.kasktas.com.tr KASKTAŞ, wholly owned subsidiary of ENKA, was established in 1957 as the piling group of ENKA. Having a vast and modern machinery and equipment fleet, KASKTAŞ has the ability to fulfill diverse requirements in the field of geotechnical engineer
Slide 34: Real Estate
Real estate ENKA designed, developed and now operates 1.35 million m² of real estate assets in Russian Federation, including A-class offices occupied by dozens of international tenants, shopping malls, a 5 star luxury hotel. All assets are located in Moscow, except 1 shopping center which is located
Slide 35: Real Estate
Real estate RETAIL ( 368.000 m2 ) 1 Leningradsky 2 Kuntsevo Plaza 3 Maryina Roshcha 1 4 Kashirskaya 5 Sevastopolsky 3 6 Vernadskogo 12 15 16 9 7 Belyaevo 2 13-14 4 8 Podolsk 6 5 9 Orekhovo-Zuyevo 7 10 Sergiev Posad 11 Pionerski (St. Petersburg) OFFICE ( 389.000 m2 ) 12 Naberezhnaya Tower 13 Pavelets
Slide 36: Real Estate
Real estate RENTAL EBITDA YEAR REVENUE EBITDA MARGIN 2025 400 239 59,8% 2024 335 206 61,5% 2023 324 220 67,9% 2022 344 194 56,4% 2021 304 194 63,8% 2020 289 187 64,7% 2019 346 213 61,6% 2018 329 204 62,0% All figures given above are in Million US Dollars. 36/46
Slide 37: Data Centers
DATA CENTERs New Investment Project ENKA Data Solutions will operate next-generation data centers, delivering reliability, connectivity, and performance at scale. Tuzla Data Center As part of the Data Solutions portfolio, the construction of a data center in Tuzla, İstanbul is currently underway, wi
Slide 38: Power Generation
Visit website POWER GENERATION www.enkapower.com ENKA is the leading electricity generator (IPP) with its power plants located in Gebze, Adapazarı and İzmir in Türkiye. The gas fired combined cycle plants have a total installed capacity of 4,000 MW. ENKA’s power plants are among Türkiye’s earliest a
Slide 39: Power Generation: Kırklareli Combined Cycle Power Plant
POWER GENERATION New Investment Project ENKA Kırklareli Combined Cycle Power Plant The new investment project is fully owned by ENKA. It will be financed by its own sources. The power plant will be located in Kırklareli Babaeski. Approximately 200 kilometers away from Istanbul. It will have a total
Slide 40: Power Generation: Kameno Solar Photovoltaic Power Plant
POWER GENERATION Kameno Solar Photovoltaic Power Plant Town Up 8 LTD., a wholly owned subsidiary of ENKA, has developed a 45 MWp Solar Photovoltaic Power Plant in Burgas, Bulgaria. The plant is expected to generate approximately 63 GWh of clean electricity annually, supporting regional decarbonizati
Slide 41: Power Generation: Türkiye Electricity Consumption by Source
POWER GENERATION 2024 2025 CHANGE Million Kwh % Million Kwh % Kwh COAL 122,171 38.1 121,405 37.7 HYDRO 74,572 23.3 57,216 17.8 NATURAL GAS 63,407 19.8 78,364 24.4 WIND 36,460 11.4 39,246 12.2 GEOTHERMAL 10,233 3.2 10,648 3.3 OTHERS 14,565 4.5 16,893 5.3 INTERNATIONAL [NET] (935) (0.3) (2,040) (0.6)
Slide 42: Power Generation: Türkiye Electricity Consumption Trend
POWER GENERATION BILLON KWH CHANGE 10% 300 8% 6% 250 4% 200 2% 0% 150 -2% 161 175 190 198 194 210 230 242 246 255 264 275 290 292 290 291 315 311 309 320 321 100 -4% 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 42/46
Slide 43: Trade: ENKA Pazarlama
tRADE Enka pazarlama Visit website www.enka.com.tr ENKA Pazarlama is a leader in the supply of heavy construction and lifting equipment and machinery and industrial machinery. It serves the whole of Türkiye through its five regional branches, one sales office, one liaison office and 65 dealers. ENKA
Slide 44: Trade: ENTAŞ
tRADE ENTAŞ Established in 1976 and became a member of the International Air Transport Association in 1982, ENTAŞ, a fully owned subsidiary of ENKA, provides services in the field of travel and tourism, including v domestic and international tour operations, flight ticket sales, congress and event o
Slide 45: ENKA Foundation
Visit website Enka FOUNDATION www.enkavakfi.org The ENKA Foundation was founded in 1983 with the idea of preserving the strong tradition of foundations in Turkish culture and sustaining the concepts that are the building blocks of civilization. The natural mission of the foundation is to educate ind
Slide 46: Contact details
Balmumcu Mah., Zincirlikuyu Yolu No: 10, 34349 Beşiktaş / İstanbul Tel: +90 (212) 376 10 00 (pbx) Fax: +90 (212) 376 19 80 E-mail: enka@enka.com Web: https://www.enka.com 46/46
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