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Zorlu Enerji Elektrik Uretim A.S.

Zorlu Enerji Elektrik Uretim A.S.

ZOREN.IS
Zorlu Enerji Elektrik Uretim A.S.TR flagIstanbul Stock Exchange
2.69
TRY
- -
- -
13.45BMarket Cap
Zorlu Enerji Elektrik Uretim A.S.
ZOREN.IS
(Istanbul Stock Exchange)

Recent

price

2.69

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.56
0.01
0.49
0.54
0.69
5.72
9.02
15.39
1.65
2.27
2.37
3.25
9.4
118.17
77.64
72.39
5.61
Revenue per Share
-0.09
-0.01
0.51
-0.27
-0.19
-2.12
-0.03
0.11
0.01
-0.03
0.02
-0.02
2.3
47.3
-6.19
-29.41
-1.76
Basic EPS, GAAP
- -
- -
-1.21
-0.13
-0.02
4.13
-5.28
0.09
0.46
0.7
0.46
0.46
0.53
46.51
13.98
-1.3
-0.46
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.51
- -
0.39
-0.19
-0.37
-3.23
-7.25
1.11
0.15
0.17
0.31
0.39
6.46
169.66
140.56
113.69
11.8
Book Value per Share
0.18
- -
0.15
0.65
0.44
5.91
-1.76
-2.12
0.21
0.02
0.22
1.31
6.22
133.45
97.65
72.63
9.4
Tangible Book Value per Share
776
77,566
1,166
1,166
1,166
124
136
324
3,618
3,618
3,618
3,578
4,129
333
500
500
5,001
Basic Weighted Avg Shares
434
438
576
625
807
709
1,224
4,988
5,970
8,204
8,579
11,635
38,806
39,389
38,819
36,197
28,064
Sales/Revenue/Turnover
6.57
-10.25
-2.15
0.21
6.38
17.81
17.29
12.35
20.94
15.95
16.56
20.51
10.4
7
5.34
0.04
-1.01
Operating Margin (%)
85
69
169
125
140
145
199
286
459
518
603
691
3,669
6,194
6,319
6,288
5,810
Depreciation Expense
-66
-407
599
-309
-224
-263
-4
35
35
-119
74
-86
9,493
15,768
-3,094
-14,707
-8,791
Net Income, GAAP
- -
- -
1.52
- -
- -
- -
- -
66.6
- -
- -
73.59
- -
28.22
- -
- -
- -
25.67
Effective Tax Rate (%)
-15.22
-93.03
103.98
-49.47
-27.79
-37.13
-0.33
0.7
0.58
-1.45
0.86
-0.74
24.46
40.03
-7.97
-40.63
-31.32
Profit Margin (%)
-402
-455
-910
-1,129
-1,343
-1,239
-1,718
-2,468
-2,730
-4,096
-3,980
-3,030
-14,950
-16,938
-8,806
-780
-1,575
Working Capital
833
1,966
1,775
2,405
1,510
2,636
4,438
5,701
7,888
8,015
10,053
18,174
37,329
36,947
45,202
45,312
47,270
LT Debt
152
-293
192
771
525
752
-138
1,061
2,400
1,668
2,297
6,182
34,521
55,546
76,765
57,551
61,080
Total Equity
- -
- -
-0.47
- -
- -
- -
- -
2.5
- -
- -
2.39
- -
4.77
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
32.79
- -
- -
- -
- -
2.64
- -
- -
3.61
- -
26.36
- -
- -
- -
8.71
Return on Capital (%)
-16.83
- -
- -
- -
- -
- -
- -
- -
7.61
-20.54
8.64
-6.91
67.6
37.88
-4.88
-23.14
-15.21
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
11,936
11,366
11,526
LT Borrowings
44,696
45,075
47,251
LT Finance Leases
370
237
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,000
5,000
5,000
Market Capitalization
17,768
15,323
13,902

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
20,708
22,813
20,775
Cash, Cash Equivalents & STI
9,552
10,703
7,828
Accounts Receivable, Net
7,839
8,662
8,978
Inventories
569
636
637
Total Current Liabilities
23,134
23,592
22,350
Payables & Accruals
- -
- -
- -
ST Debt
11,936
11,366
11,526
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-15.33%
140.32%
-25.03%
Free Cash Flow
600.32%
95.54%
-109.31%
Net Income, GAAP
-1,265.26%
-2,195.43%
375.33%
Sales/Revenue/Turnover
70.43%
52.49%
-6.75%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,206
7,055
11,178
9,421
38,819
2025
8,014
- -
9,829
12,294
36,197
2026
5,940
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.97
-0.35
-0.27
- -
-6.19
2025
-0.87
- -
0.9
- -
-29.41
2026
-0.61
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Zorlu Enerji Elektrik Üretim A.S. (ZOREN.IS) operates as an integrated renewable energy company focused on electricity generation from geothermal, wind, hydroelectric, and hybrid sources; engineering, procurement, and construction (EPC) services; operation and maintenance (O&M) for power facilities; electricity retail sales and distribution; solar panel sales and installation; electric vehicle (EV) charging station networks exceeding 4,500 points; EV rental services; inverter sales; and carbon credit trading. The company maintains a total installed capacity of approximately 670 MW across facilities including Denizli Kızıldere (260 MW geothermal), Osmaniye Gökçedağ (135 MW), Manisa Alaşehir (45 MW geothermal with recent hybrid solar integration), and others in Turkey such as Rize İkizdere, Erzincan Tercan, and Tunceli Mercan, as well as international operations in Pakistan (Jhimpir, 56.4 MW). Founded in 1993 and headquartered in Bursa, Turkey, Zorlu Enerji primarily serves domestic markets while pursuing global sustainability initiatives, with shares listed on Borsa Istanbul since 2000. Recent developments include the March 2024 completion of a USD 200 million sale of its gas distribution assets (Zorlu Enerji Dağıtım A.Ş., encompassing Trakya and Gaziantep operations) to Gaztrak Enerji A.Ş., a PALMET Enerji subsidiary, to sharpen focus on renewables; the divestiture of minority stakes in Israeli natural gas plants to fully exit that market; the commissioning of Turkey's pioneering hybrid geothermal-solar power plant at Alaşehir; a strategic maintenance partnership with Schaeffler for wind turbines; capital increases at subsidiary Electrip Global Limited; multiple corporate bond and commercial paper issuances in 2025 for financing; and enhanced ESG recognition, ranking third globally by LSEG (score 89) and leadership in S&P Global and CDP assessments, alongside CEO transition to Elif Yener.