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    Alternative power generation
Aksu Enerji ve Ticaret A.S.

Aksu Enerji ve Ticaret A.S.

BBIST:AKSUE
12.00
TRY
-0.52
(-4.15%)
-0.57EPS
1.72BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.04
0.02
0.05
0.05
0.1
0.16
0.2
0.24
0.27
0.53
1.16
1.33
1.11
1.06
Basic EPS, GAAP
-0.03
-0.02
0.02
-0.02
-0.14
-0.12
0.03
-0.14
-0.3
0.04
1.45
-0.18
-0.57
-0.57
Free Cash Flow per Basic Share
0.01
-0.01
-0.01
-0.03
-0.23
-0.32
0.09
0.19
0.15
0.11
0.98
0.3
0.18
0.18
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.53
0.52
0.54
0.52
0.38
0.35
0.39
0.25
0.21
0.24
8.99
12.09
11.52
11.52
Tangible Book Value per Share
0.37
0.36
0.38
0.37
0.24
0.21
0.25
0.12
0.09
0.13
6.65
9.33
8.94
8.94
Basic Weighted Avg Shares
64
64
64
64
64
59
59
59
63
63
63
62
66
66
Sales/Revenue/Turnover
2
2
3
3
6
9
12
15
17
34
74
82
73
70
Operating Margin (%)
31.46
-3.89
3.67
29.58
3.72
49.13
60.57
54.99
49.84
63.69
24.88
6.05
-12.9
-13.22
Depreciation Expense
- -
- -
1
1
-1
-3
-3
3
2
3
22
30
35
35
Net Income, GAAP
-2
-1
1
-1
-9
-7
2
-8
-19
2
92
-11
-37
-37
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.04
143.18
- -
- -
Profit Margin (%)
-96.46
-72.32
42.49
-34.09
-142.53
-77.12
16.7
-56.04
-108.88
7.38
125.06
-13.43
-51.27
-53.48
Working Capital
4
3
2
-3
-7
-4
-4
-14
-14
-41
-43
6
10
10
LT Debt
2
4
11
16
27
32
33
36
38
46
49
15
1
1
Total Equity
34
33
34
33
24
21
23
15
13
15
570
798
760
760
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
5.31
-0.15
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
27.87
-1.99
- -
- -
Return on Common Equity (%)
-6.26
-3.34
4.12
-3.4
-31.69
-32.53
8.83
-43.24
-134.56
17.34
31.46
-1.6
-4.81
-4.79

Capital Structure

TRY

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
30
22
18
LT Borrowings
2
2
1
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
66
66
66
Market Capitalization
1,247
1,195
1,716

Working Capital

TRY

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
37
37
31
Cash, Cash Equivalents & STI
19
17
17
Accounts Receivable, Net
14
14
9
Inventories
2
2
2
Total Current Liabilities
36
29
22
Payables & Accruals
- -
- -
- -
ST Debt
30
22
18
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
358.21%
730.34%
-4.73%
Free Cash Flow
168.75%
128.95%
-37.74%
Net Income, GAAP
360.23%
752.22%
241.66%
Sales/Revenue/Turnover
42.21%
46.57%
-10.51%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
14
17
21
43
74
2024
18
21
22
14
82
2025
13
20
21
16
73

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
-0.43
-0.21
1.2
1.45
2024
-0.21
0.26
-0.22
0.05
-0.18
2025
-0.17
0.29
-0.44
-0.24
-0.57

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Mustafa Tutar
Full Time Employees
13
Sector
Utilities
Industry
Alternative power generation
Address
Isparta Turkey
IPO Date
Jan 4, 2000
Website
aksuenerji.com.tr
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Business
Aksu Enerji ve Ticaret A.S. is a Turkey-based independent power producer and energy trading company primarily engaged in the generation, transmission, and wholesale distribution of electricity from renewable energy sources. Founded in 1985 and headquartered in Isparta, Turkey, the company operates within the utilities and clean energy industry, supplying electricity to national grid operators, regional distribution utilities, industrial consumers, and organized wholesale power markets including the Energy Exchange Istanbul (EPIAS). The company's core operations and portfolio comprise: Hydroelectric Power Generation, which includes the ownership, operation, and maintenance of run-of-river and reservoir hydro facilities, notably the Caykoy Hydroelectric Power Plant (Caykoy HES) in Isparta, generating clean electrical energy for the interconnected power grid; Solar Photovoltaic Power Generation, encompassing grid-connected ground-mounted and rooftop solar power plants (GES) converting solar irradiance into renewable electricity; Hybrid Renewable Energy Solutions, featuring auxiliary solar photovoltaic installations integrated with existing hydroelectric facilities to balance seasonal output fluctuations and optimize grid connection capacity; Electricity Trading and Wholesale Commercialization, covering power sales under Turkey's Renewable Energy Support Mechanism (YEKDEM) feed-in tariffs, bilateral power purchase agreements (PPAs), and day-ahead and intra-day spot markets; and Energy Facility Operations and Maintenance, providing grid synchronization, SCADA-based remote monitoring, technical maintenance, and statutory environmental compliance services. In recent corporate and operational developments, Aksu Enerji ve Ticaret A.S. has undertaken strategic initiatives to strengthen its balance sheet and enhance operational efficiency across its renewable power generation fleet. The company executed capital structure adjustments, including revisions to its registered capital ceiling and paid-in capital increases approved by the Capital Markets Board of Turkey (SPK) and Borsa Istanbul to fund ongoing asset optimization and debt restructuring. Operationally, the company has implemented hybrid solar energy integration projects adjacent to its existing hydroelectric installations to maximize power generation yields and grid feed-in efficiency, alongside upgrading control automation and turbine monitoring systems to reduce operational downtime. Additionally, Aksu Enerji has expanded strategic feasibility studies into energy storage systems and additional solar capacity development to align with nationwide clean energy transition and grid modernization programs.