Birlesim Grup Enerji Yatirimlari AS

Birlesim Grup Enerji Yatirimlari AS

BBIST:BIGEN
9.19
TRY
-1.02
(-9.99%)
-0.10EPS
53.08BMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.16
0.65
1.05
1.9
2.66
2.12
Basic EPS, GAAP
0.17
0.41
1.35
0.56
-0.43
-0.1
Free Cash Flow per Basic Share
0.66
0.92
0.56
-0.21
-0.11
-0.12
Dividend per Share
- -
- -
- -
- -
- -
- -
Book Value per Share
0.31
0.42
2.52
3.62
5.71
6.2
Tangible Book Value per Share
0.19
0.18
2
3.01
4.98
5.42
Basic Weighted Avg Shares
577
577
577
577
571
572
Sales/Revenue/Turnover
92
377
608
1,094
1,516
1,213
Operating Margin (%)
43.8
35.26
35.57
30.32
29.13
27.13
Depreciation Expense
1
1
1
199
283
325
Net Income, GAAP
99
234
777
323
-244
-56
Effective Tax Rate (%)
6.07
3.7
4.62
0.21
- -
- -
Profit Margin (%)
107.26
62.14
127.79
29.57
-16.09
-4.6
Working Capital
-387
-687
-662
-882
-573
-834
LT Debt
514
584
1,633
2,220
2,596
2,486
Total Equity
176
241
1,501
2,088
3,297
3,578
Return on Invested Capital (%)
- -
28.72
21.89
11.89
- -
- -
Return on Capital (%)
- -
34.09
40.19
12.29
- -
- -
Return on Common Equity (%)
- -
112.07
91.54
18.26
-9.06
-1.66

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
765
929
898
LT Borrowings
1,928
1,960
1,798
LT Finance Leases
667
594
688
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
577
577
577
Market Capitalization
5,135
5,349
53,084

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
531
585
345
Cash, Cash Equivalents & STI
311
298
97
Accounts Receivable, Net
101
164
161
Inventories
- -
- -
- -
Total Current Liabilities
1,105
1,310
1,179
Payables & Accruals
- -
- -
- -
ST Debt
765
929
898
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

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

TRY

•

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
281
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.08
0.23
0.19
0.56
2025
-0.16
-0.18
0.05
-0.13
-0.43
2026
-0.12
0.12
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Levent Gulbahar
Full Time Employees
42
Sector
Utilities
Industry
Electric utilities
Address
Dudullu Organize Sanayi Bölgesi 1 Istanbul IB Turkey 34776
IPO Date
Apr 10, 2025
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.