Aksa Enerji Uretim A.s. · BIST:AKSEN

Aksa Enerji Uretim A.s — Q1 2026 Earnings Presentation

13 slides from Aksa Enerji Uretim A.s's earnings presentation, May 12, 2026

  1. Slide 1: 1Q 2026 Earnings Presentation

    1 1Q 2026 EARNINGS PRESENTATION 12 May 2026

  2. Slide 2: Key Highlights – 1Q26

    Key Highlights – 1Q26 IMPROVEMENT IN NET INCOME WITH BETTER MARGIN EVOLUTION TL million 1Q26 1Q25 y/y 1Q26 vs 1Q25 Net Sales 9,954 12,603 -21% EBITDA 3,261 3,650 -11% Net Income 565 522 8% Net Financial Debt 52,920 52,713 (*) 0.4% 1Q26 1Q25 y/y KPIs-1Q26 vs 1Q25 Gross Margin 28% 24% +4 pp EBITDA Mar

  3. Slide 3: Regional Breakdown

    Regional Breakdown FOREIGN OPERATIONS’ CONTRIBUTION TO EBITDA AT 84% TL million Domestic Foreign Share of Foreign Cumulative- 1Q26 5,058 4,896 Net Sales 49% 51% 16% EBITDA 510 2,751 84% Profit Before Tax -730 2,169 TL million Domestic Foreign Share of Foreign 27% Cumulative- 1Q25 Net Sales 9,189 3,4

  4. Slide 4: Price Evolution in Turkish Market

    Price Evolution in Turkish Market Price SPOT PRICES IN Evolution in Turkish TURKIYE DECREASED Market BY 8% Y/Y IN 1Q’26 Average Spot Electricity Prices (TL/MWh) 3,500 2,878 2,832 2,750 2,390 2,371 2,198 2,000 1Q25 2Q25 3Q25 4Q25 1Q 26 Average Spot Energy Prices • Effective from April 4, 2026, spot p

  5. Slide 5: Antalya PP - Key Highlights

    Antalya PP - Key Highlights ANTALYA- 900 MW NATURAL GAS CCGT Ali Metin Kazancı GENERATION Antalya IMPACTED Power BY EXTREME Plant –CONDITIONS WEATHER Key Highlights Antalya Power Plant Location Technical Overview < ◼ Energy Source: Natural Gas Plant Overview ◼ Installed Capacity: 900 MW CCGT ◼ CoD:

  6. Slide 6: Bolu PP - Key Highlights

    Bolu PP - Key Highlights BOLU GÖYNÜK- 270 MW LOCAL LIGNITE POWER PLANT Bolu POWERGöynük Power PURCHASE Plant –WITH AGREEMENT KeyEUAS Highlights EFFECTIVE FROM NOV’25 ONWARDS Bolu Göynük Power Plant Location Technical Overview ◼ Energy Source: Local Lignite Plant Overview ◼ Installed Capacity: 270 MW

  7. 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

  8. Slide 8: Tashkent, Bukhara & Talimarjan PP – Key Highlights

    Tashkent, Bukhara & Tallimarjon PP – Key Highlights INSTALLED CAPACITY IN UZBEKISTAN REACHED 1,220 MW Tashkent A, B and Bukhara Power Plants – Key Highlights Uzbekistan Power Plants’ Locations Technical Overview ◼ Energy Source: Natural Gas (CCGT) ◼ Installed Capacity: 1,220 MW (A: 240 MW; B: 252 MW

  9. 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

  10. Slide 10: Consolidated Summary Income Statement

    Annex CONSOLIDATED SUMMARY INCOME STATEMENT 1Q26 1Q25 y/y MM TL Net sales 9,954 12,603 -21% Cost of sales (7,213) (9,612) -25% Gross Profit 2,741 2,991 -8% General & administrative costs (478) (452) 6% Marketing expenses (8) (16) -49% Other operating income 183 158 16% Other operating expenses (94)

  11. Slide 11: Consolidated Summary Balance Sheet

    Annex CONSOLIDATED SUMMARY BALANCE SHEET 1Q26 YE25 ytd MM TL Cash and cash equivalents 4,394 7,175 -39% Trade receivables 7,179 8.416 -15% Inventories 2,512 2,447 3% Total Current Assets 18,453 21,998 -16% PP&E 111,999 112,438 0% Intangibles 3,659 3,800 -4% Total Non-current Assets 120,450 120,603 0

  12. Slide 12: Contact Information – Investor Relations

    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. İnternet düz dolguyla https://www.aksaenerji.com.tr/inv

  13. Slide 13: 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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