Enerjisa Enerji reported Operational Earnings of TL 38.8 billion and Underlying Net Income of TL 6.4 billion for the first half of 2026. The Company’s investments in electricity distribution infrastructure by 153% compared to the same period last year. While successfully executing its operations in the first six months of the year, Enerjisa Enerji increased the 2026 guidance of Operational Earnings to a range of TL 80 to 85 billion and Underlying Net Income to a range of TL 13 to 15 billion
Operating with its vision of “A Better Future for All,” Enerjisa Enerji announced its financial results for the first half of 2026. The Company reported Operational Earnings of TL 38.8 billion in the first six months of the year, approximately 88% of which was generated by its Distribution business. Underlying Net Income amounted to TL 6.4 billion.
Enerjisa Enerji increased its investments by 153% compared to the same period last year to modernize the electricity distribution grid, expand its capacity, accelerate digitalization and prepare the network for growing electricity demand. The Regulated Asset Base (RAB) grew by 41% year-on-year to TL 105.8 billion. The Energy Market Regulatory Authority's (EMRA) update of the Weighted Average Cost of Capital (WACC) for electricity distribution also supported the Company's increase of the investment program in the fifth Implementation Period (2025-2030). Backed by these results, Enerjisa Enerji increased the 2026 guidance of Operational Earnings to a range of TL 80 to 85 billion and Underlying Net Income to a range of TL 13 to 15 billion, while confirming its year-end Regulated Asset Base and the investments targets.
Oğuzhan Özsürekci: "Our responsibility is to build the energy system of the future, today"
Emphasizing that providing uninterrupted and high-quality energy services to more than 22 million users is a significant responsibility, Enerjisa Enerji CEO Oğuzhan Özsürekci said: "The success of the energy transition depends on a strong infrastructure capable of delivering energy to consumers in a secure, reliable and efficient manner. Strong, smart and resilient grids are no longer only the backbone of the energy sector; they are also essential to economic growth, competitiveness and sustainable development. As the private sector, our responsibility extends beyond meeting today's needs—we must also build the energy system of the future, today. Every investment we make in technology, digitalization and grid modernization contributes to a more resilient and sustainable energy infrastructure for Türkiye. Guided by our vision of 'A Better Future for All,' we will continue to invest with the same determination."
Philipp Ulbrich: "We continue to finance our 2026 investment program as planned"
Enerjisa Enerji CFO Philipp Ulbrich commented: "During the first half of 2026, a period marked by geopolitical developments and volatility in the financial markets, we reinforced our operational resilience with strong financial performance. Supported by the growth in Operational Earnings and lower financing costs, our Underlying Net Income reached TL 6.4 billion. Despite the increase in our net financial debt, we maintained our Net Financial Debt to Operational Earnings ratio at 1.1x, demonstrating our disciplined balance sheet management and strong cash generation capability. Thanks to our long-standing partnerships with international financial institutions, our successful bond issuances in the capital markets and our diversified funding structure, we continue to finance our investment program as planned. Our strong financing platform enables us to continue investing without interruption in support of Türkiye's energy transition, while reinforcing our commitment to creating long-term value for our shareholders and all stakeholders. Building on our operational efficiency and disciplined execution, we have achieved significant structural improvements across our key financial targets. This provides a solid foundation for sustainable performance, and we remain committed to delivering real growth in our bottom line beyond our revised guidance and into the future."