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Birlesim Grup Enerji

Birlesim Grup Enerji

BIGEN.IS
Birlesim Grup EnerjiTR flagIstanbul Stock Exchange
90.00
TRY
+3.00
- -
51.93BMarket Cap
Birlesim Grup Enerji
BIGEN.IS
(Istanbul Stock Exchange)

Recent

price

90.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2021
2022
2023
2024
2025
TTM
FRC
0.16
0.65
1.05
1.9
2.66
2.3
Revenue per Share
0.17
0.41
1.35
0.56
-0.43
-0.39
Basic EPS, GAAP
0.66
0.92
0.56
-0.21
-0.11
0.19
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
Dividend per Share
0.21
0.81
2.61
3.17
2.88
2.76
Book Value per Share
0.19
0.18
2.08
3.01
5.04
5.13
Tangible Book Value per Share
577
577
577
577
571
568
Basic Weighted Avg Shares
92
377
608
1,094
1,516
1,304
Sales/Revenue/Turnover
43.8
35.26
35.57
30.32
29.13
28.2
Operating Margin (%)
1
1
1
199
283
307
Depreciation Expense
99
234
777
323
-244
-223
Net Income, GAAP
6.07
3.7
4.62
0.21
- -
- -
Effective Tax Rate (%)
107.26
62.14
127.79
29.57
-16.09
-17.09
Profit Margin (%)
-387
-687
-662
-882
-573
-725
Working Capital
514
584
1,633
2,220
2,596
2,554
LT Debt
176
241
1,501
2,088
3,297
3,343
Total Equity
- -
14.43
8.69
7.49
- -
- -
Return on Invested Capital (%)
- -
31.08
37.94
12.59
- -
- -
Return on Capital (%)
- -
79.41
78.68
19.38
-14.05
-13.18
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
714
765
929
LT Borrowings
2,022
1,928
1,960
LT Finance Leases
633
667
594
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
577
577
577
Market Capitalization
6,725
4,996
5,264

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
853
531
585
Cash, Cash Equivalents & STI
397
311
298
Accounts Receivable, Net
346
101
164
Inventories
7
- -
- -
Total Current Liabilities
1,124
1,105
1,310
Payables & Accruals
- -
- -
- -
ST Debt
714
765
929
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
57.89%
Free Cash Flow
- -
- -
-45.38%
Net Income, GAAP
- -
- -
-175.44%
Sales/Revenue/Turnover
- -
- -
38.61%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
217
300
328
249
1,094
2025
412
372
489
243
1,516
2026
200
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.08
0.23
- -
0.56
2025
-0.16
-0.18
0.05
- -
-0.43
2026
-0.12
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Birlesim Grup Enerji Yatirimlari A.S. (BIGEN.IS) is a Turkey-based renewable energy company that engages in the investment, development, production, and sale of electricity generated from diverse sources including solar, wind, hydroelectric, biomass, and geothermal resources. The company owns and operates over 49 solar power plants (three licensed and 46 unlicensed), one wind power plant, and associated facilities with a total installed capacity exceeding 100 megawatts, primarily concentrated in central and other regions of Turkey such as Nigde, Kahramanmaras, Bitlis, Burdur, Eskisehir, Kirikkale, Kutahya, Isparta, and Usak. Through subsidiaries like Edikli Ges Enerji A.S., Uluder Elektrik A.S., Gulbahar Elektrik Uretim A.S., Solar Santral Enerji A.S. (acquired with 70% stake in late 2022), and Zen Energy (added in 2023), it sells electricity under purchase guarantees via the Renewable Energy Resources Support Mechanism, while also handling design, construction, energy distribution, trading, and wholesale of petroleum products. Founded on September 13, 1978, as Ersipahi Makina Sanayi A.S. and headquartered at Dudullu OSB Mah. 1. Cad. Birlesim Grup No:3/1, Umraniye, Istanbul, Turkey, the company shifted its focus to renewable energy investments in January 2022, changing its name from Birlesim Yesil Enerji A.S. and expanding from prior real estate activities. In recent developments, Birlesim Grup Enerji completed a successful initial public offering on Borsa Istanbul in February 2025, raising approximately TRY 1.4 billion from 188,452 investors, marking its public listing after commencing trading on February 5, 2025; it also acquired Birlesim Basaksehir Akaryakit ve Petrol Urunleri Pazarlama A.S. (Birlesim Petrol) on September 14, 2023, to bolster petroleum operations, and plans to operationalize a new plant in January 2025 while pursuing capacity growth amid improved profitability and EBITDA in fiscal 2023.