Aksa Energy Exceeded Its Targets in 2025, Increasing Its EBITDA to 13.5 Billion TL

Strong Financial Performance During a Period of Heavy Investment

Aksa Energy Exceeded Its Targets in 2025, Increasing Its EBITDA to 13.5 Billion TL

Aksa Energy achieved an EBITDA of 13.5 billion TL in 2025 by increasing its operating margin through strong performance in Turkey, Asia, and Africa. With strategic investments exceeding $1 billion during the 2023–2025 period, the Company further strengthened its presence in Turkey and international markets.

Aksa Energy, a global powerhouse in energy with 11 power plant operations across 7 countries and an installed capacity exceeding 3,000 MW, has announced its consolidated financial results for 2025. The company increased its EBITDA by 37% compared to the previous year to TL 13.5 billion in 2025, thanks to its strong performance in Turkey, Asia, and Africa. The EBITDA margin rose by 8 points to 32%. During the same period, the company's consolidated revenue exceeded its 2025 target, reaching TL 42 billion, while net profit for the period increased by 39% year-on-year to TL 3.7 billion.

With strategic investments exceeding $1 billion during the 2023-2025 period, the Company further strengthened its presence in Turkey and international markets. By increasing its capacity with geographically diversified projects based on long-term and guaranteed foreign currency-based sales contracts, the Company has made its revenue structure more predictable and resilient, while also making a strategic contribution to the energy supply security of the countries in which it operates.

Aksa Energy CEO and Chairman of the Executive Board Naci Ağbal said the following in his assessment of the company's annual performance:

 "In 2025, Aksa Energy made strong progress toward our strategic goals in line with our resilient business model and long-term value creation focus. Thanks to our operational network stretching from Turkey to Africa and Asia, we have created a balanced and sustainable portfolio that contributes to energy supply security. While maintaining our financial discipline, we strengthened our strategic financing structure; our digital transformation investments also advanced our corporate capacity and operational agility.

We successfully completed over $1 billion in investments simultaneously across different geographies during the 2023–2025 period. Despite our intensive investment program during this period of challenging macroeconomic conditions, we managed to increase our profitability. With new projects planned for commissioning in 2026, we aim to further increase our production capacity and diversify our portfolio with renewable energy sources.

Our business model, based on long-term and guaranteed foreign currency-based sales contracts, continues to support our increased capacity with high revenue visibility and strong cash flow. Reaching a 20% share of storage-based renewable energy investments in our portfolio will be a key lever in strengthening our balance sheet resilience and profitability in the energy transition.

In the coming period, we will continue to leverage the global energy transition into an opportunity, pursuing our sustainable high-growth strategy.

Continuing with Determination on the Sustainable High Growth Strategy

Aksa Energy continues to implement its sustainable high growth strategy with determination. Strengthening its portfolio with investments in Asia and Africa in particular in 2025, the company is progressing towards becoming a strong international player contributing to energy supply security in different regions.

With the commissioning of the 430 MW Talimercan Natural Gas Combined Cycle Power Plant in Uzbekistan, Aksa Energy reached a total installed capacity of 1,220 MW in the country, becoming the largest Turkish investor in Uzbekistan. With the commissioning of a combined heat and power plant with an installed capacity of 240 MW in Kazakhstan by the end of April 2026, the company's strong position in Central Asia will be further consolidated.

Aksa Energy will continue to expand its presence in the region by pursuing its growth in Africa with projects including a 145 MW natural gas power plant in Gabon and a 119 MW power plant in Burkina Faso. The company's $150 million credit agreement signed with the Africa Finance Corporation (AFC) in 2025 is a significant indicator of its goal to contribute to Africa's energy transition and sustainable development.

Aksa Energy continues its innovative and sustainable investments to meet the growing global demand for energy, while closely monitoring growth opportunities in all regions where opportunities exist. In this regard, the company continues to evaluate energy investment opportunities and potential partnerships emerging in different regions, including Europe.

Will Increase Installed Capacity to Over 4,000 MW by 2026

Aksa Energy aims to increase its installed capacity, which exceeded 3,000 MW at the end of 2025, to over 4,000 MW by the end of 2026, with 251 MW coming from renewable energy sources.

The company's portfolio of 941 MW renewable energy projects developed in Turkey, including storage-integrated wind and solar power, and standalone storage investments, forms the new axis of growth. Aksa Energy's $80 million 11-year loan agreement signed with TSKB in 2025 also contributes to the financing of these investments. The company aims to increase the share of renewable energy in its total portfolio to 20% in the medium term.

Steady Progress in Sustainability and Corporate Governance

Aksa Energy maintained its strong performance in sustainability and corporate governance in 2025. The company confirmed its consistent approach to ESG by being included in the BIST Sustainability Index for the 10th consecutive year. 

In terms of corporate governance, Aksa Energy increased the percentage of female members on its Board of Directors to 33%, becoming the electricity producer with the highest female representation in the BIST 100. The company's Corporate Governance Rating Score rose from 94.10 to 94.34.

Aksa Energy, which increased its investments, expanded its international operations, and delivered strong financial performance throughout 2025, demonstrated the tangible results of its sustainable high growth strategy by increasing its profitability despite the high investment period. As an indicator of this success, Aksa Energy ranked high on the Fortune 500 Turkey and Capital Turkey's Top 500 Companies lists in 2025.