1. Turkey Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Ayen Enerji A.S.

Ayen Enerji A.S.

BBIST:AYEN
24.10
TRY
+0.16
(+0.67%)
0.93EPS
50.90P/E
9.69BMarket 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
1.65
1.03
1.27
1.58
2.14
4.55
1.9
2.05
5.67
41.93
27.5
30.59
28.36
25.15
Basic EPS, GAAP
-0.22
0.12
-0.13
-0.13
0.16
-0.29
0.08
-0.33
0.4
9.04
7.06
3.72
0.85
0.69
Free Cash Flow per Basic Share
0.21
-0.55
-0.03
0.28
0.3
0.47
1.06
0.84
1.88
13.59
-5.32
10.06
5.86
5.93
Dividend per Share
- -
- -
0.01
0.01
0.01
0.01
- -
- -
- -
0.23
2.03
0.86
0.28
0.13
Book Value per Share
0.99
1.08
1.01
1
1.65
2.15
2.47
2.84
5.95
45.69
68.58
60.64
62.49
71.89
Tangible Book Value per Share
0.8
0.9
0.83
0.83
1.5
2.03
2.38
2.78
5.88
45.48
68.51
60.57
62.49
71.88
Basic Weighted Avg Shares
223
223
223
223
223
171
271
278
278
278
278
278
278
278
Sales/Revenue/Turnover
369
230
284
353
476
778
513
568
1,575
11,635
7,632
8,489
7,869
6,978
Operating Margin (%)
14.06
19.55
15.66
24
16.11
20.01
35.98
30.07
31.91
30.2
15.68
21.1
14.85
14.9
Depreciation Expense
25
29
33
37
31
65
73
87
120
497
738
898
897
992
Net Income, GAAP
-49
27
-29
-28
35
-50
21
-92
112
2,508
1,959
1,032
236
190
Effective Tax Rate (%)
- -
23.76
- -
- -
- -
- -
52.17
- -
9.24
21.33
- -
38.43
64.63
26
Profit Margin (%)
-13.24
11.67
-10.27
-8.02
7.36
-6.38
4.1
-16.11
7.09
21.55
25.66
12.16
3
2.73
Working Capital
-124
-56
-258
-362
-180
-263
-274
-388
-448
2,422
566
83
-1,030
-680
LT Debt
592
845
950
1,079
1,190
1,443
1,383
1,802
2,508
7,004
7,593
5,934
5,179
5,052
Total Equity
242
274
265
284
427
557
755
870
1,813
13,384
19,887
17,543
18,100
20,766
Return on Invested Capital (%)
- -
3.08
- -
- -
- -
- -
3.62
- -
10.98
19.49
- -
3.74
1.58
2.89
Return on Capital (%)
- -
4.1
- -
- -
- -
- -
3.39
- -
5.7
18.3
- -
5.15
1.57
2.16
Return on Common Equity (%)
-20.35
11.64
-12.49
-12.58
11.84
-11.71
3.61
-12.4
9.16
35
12.35
5.76
1.38
1.07

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,936
1,920
2,241
LT Borrowings
4,741
4,724
4,653
LT Finance Leases
438
404
399
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
278
278
278
Market Capitalization
6,888
9,318
9,690

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,642
1,738
1,913
Cash, Cash Equivalents & STI
343
635
507
Accounts Receivable, Net
703
533
401
Inventories
- -
- -
- -
Total Current Liabilities
2,672
2,238
2,593
Payables & Accruals
- -
- -
- -
ST Debt
1,936
1,920
2,241
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
92.54%
157.29%
3.18%
Free Cash Flow
-36.8%
55.43%
-41.79%
Net Income, GAAP
63.15%
355.51%
-77.09%
Sales/Revenue/Turnover
88.5%
157.13%
-7.31%
Total Cash Common Dividend
- -
- -
-67.46%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,350
2,211
2,212
2,129
8,489
2025
2,325
2,156
1,974
2,116
7,869
2026
1,883
1,006
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.27
1.15
0.82
0.24
3.72
2025
0.36
0.74
-0.7
0.63
0.85
2026
0.34
0.41
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.35
0.28
0.86
2025
- -
- -
0.07
0.06
0.28
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Turgut Aydiner
Full Time Employees
206
Sector
Utilities
Industry
Electric utilities
Address
Hulya Sokak No: 37 Ankara AN Turkey 06700
IPO Date
Jul 5, 2000
Website
ayen.com.tr
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Business
Ayen Enerji A.S., along with its affiliated entities, focuses on the generation, supply, and commercialization of electrical power across Turkey and in international markets. The company harnesses renewable resources, specifically hydroelectric and wind energy, for its production activities. Established in Ankara, Turkey, in 1990, the firm operates as a subsidiary under Aydiner Insaat AS. Recent developments include a strategic shift with the concession conclusion of the Yamula hydroelectric plant in July 2025, which transferred the 100 MW facility to the state utility. This event impacted financial metrics, yet the company continues to expand its global presence, with a substantial portion of its revenue now derived from operations and trading in countries such as Albania, Serbia, and Slovenia.