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    Alternative power generation
Tatlipinar Enerji Uretim A.S.

Tatlipinar Enerji Uretim A.S.

BBIST:TATEN
3.79
TRY
-0.04
(-1.04%)
-0.07EPS
15.21BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.02
0.27
1.11
1.31
1.75
2.38
2.56
Basic EPS, GAAP
-0.03
0.17
0.52
0.57
1.33
-0.07
-0.16
Free Cash Flow per Basic Share
0.07
0.38
0.85
-0.21
0.27
0.2
0.01
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.04
0.43
1.36
2.44
4.22
4.79
4.87
Tangible Book Value per Share
0.04
0.39
1.31
2.36
4.13
4.66
4.73
Basic Weighted Avg Shares
1,122
1,122
1,122
1,033
1,122
1,122
1,121
Sales/Revenue/Turnover
21
300
1,240
1,352
1,964
2,669
2,865
Operating Margin (%)
10.14
44.77
49.24
54.16
51.01
35.11
33.54
Depreciation Expense
- -
- -
149
224
344
574
745
Net Income, GAAP
-32
191
582
592
1,491
-80
-179
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
110
Profit Margin (%)
-154.01
63.55
46.92
43.77
75.9
-3.01
-6.24
Working Capital
-44
-133
-1
579
-542
-1,329
-1,045
LT Debt
328
1,578
1,981
3,140
4,109
5,548
5,451
Total Equity
43
973
2,624
4,685
6,537
7,766
8,106
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
-0.7
Return on Capital (%)
- -
- -
- -
- -
- -
- -
-2.32
Return on Common Equity (%)
- -
73.35
58.12
27.77
39.91
-1.59
-3.5

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
1,368
1,445
1,313
LT Borrowings
5,463
5,726
5,361
LT Finance Leases
85
90
89
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,118
1,118
1,118
Market Capitalization
14,311
12,980
15,205

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
478
868
675
Cash, Cash Equivalents & STI
284
284
33
Accounts Receivable, Net
54
104
193
Inventories
- -
- -
- -
Total Current Liabilities
1,807
1,668
1,719
Payables & Accruals
- -
- -
- -
ST Debt
1,368
1,445
1,313
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
494.59%
18.8%
Free Cash Flow
- -
34.56%
-26.99%
Net Income, GAAP
- -
-89.85%
-105.39%
Sales/Revenue/Turnover
- -
352.62%
35.88%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
447
430
563
525
1,964
2025
583
632
871
583
2,669
2026
765
646
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.07
0.28
0.15
0.83
1.33
2025
-0.1
-0.26
0.26
0.01
-0.07
2026
0.17
-0.6
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Ersan Gulay
Sector
Utilities
Industry
Alternative power generation
Address
Istanbul Turkey
IPO Date
Aug 17, 2023
Website
tatlipinarenerji.com.tr
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Business
Tatlipinar Enerji Uretim A.S. is an independent renewable power producer that develops, constructs, owns, and operates clean energy generation assets across Turkey. Operating as a subsidiary of the Ağaoğlu Group of Companies (Ağaoğlu Şirketler Grubu), the company specializes in zero-carbon electricity generation through utility-scale wind power plants (WPP), solar photovoltaic power plants (SPP), and integrated hybrid generation facilities. Its core products and services comprise utility-scale renewable electricity generation and high-voltage grid transmission supply; wholesale power distribution and trading executed via the Renewable Energy Resources Support Mechanism (YEKDEM) feed-in tariff system as well as wholesale day-ahead and intra-day electricity markets; corporate power purchase agreements (PPAs) structured for commercial and industrial end-users; grid frequency regulation, reactive power support, and capacity balancing services provided to grid operators; issuance and trading of environmental attributes, including International Renewable Energy Certificates (I-REC) and Verified Carbon Standard (VCS) credits; and the development, deployment, and operation of co-located battery energy storage systems (BESS) designed for grid stability and renewable energy arbitrage. Headquartered in Istanbul, Turkey, and founded in 2011, the company manages major operating facilities located in Balıkesir, Bursa, Yalova, and Amasya, while exploring renewable energy pipeline opportunities across Southeastern Europe and Central Asia. In recent major corporate developments, Tatlipinar Enerji transitioned into a publicly traded company via an initial public offering (IPO) on Borsa Istanbul under the ticker TATEN, followed by a substantial bonus share capital increase that raised its paid-in capital from TRY 280.5 million to TRY 1.122 billion from internal resources. Operationally, the company increased its active generation capacity beyond 360 MW following the phased installation and commercial commissioning of multiple auxiliary hybrid solar power units and supplementary wind turbines at its flagship Tatlıpınar generation complex in Balıkesir, supporting its strategic roadmap to scale total managed renewable and energy storage capacity toward 1,000 MW.