Aksa Energy Powering Up: Global Giant Hits 13.5 Billion TL EBITDA Milestone

Aksa Energy has officially cemented its status as a worldwide utility powerhouse, reporting a stellar financial performance for 2025. Driven by high-octane operations across Turkey, Asia, and Africa, the company successfully boosted its EBITDA to 13.5 billion TL, representing a significant 37% year-on-year surge. This growth trajectory is underpinned by a massive investment cycle exceeding $1 billion between 2023 and 2025, strategically positioning the firm to dominate emerging energy markets.

Record-Breaking Margins and Strategic Revenue Growth

The company’s 2025 consolidated financial results highlight a robust overhaul of operational efficiency. While consolidated turnover surpassed targets, reaching 42 billion TL, net profit rose 39%, to 3.7 billion TL. Most notably, the EBITDA margin jumped 8 points to 32%. This financial resilience is attributed to a diversified portfolio of 11 power plants across 7 countries, totaling over 3,000 MW of installed capacity.

Financial Fortification Through Global Expansion

Aksa Energy CEO Naci Ağbal emphasized that the company’s success stems from a “durable business model” designed to thrive even in volatile macroeconomic climates. By securing long-term, guaranteed FX-based sales contracts, Aksa has ensured high revenue visibility and a steady cash flow.

“We have successfully completed over $1 billion in investments across different geographies simultaneously,” Ağbal stated. “Our goal for 2026 is to further increase production capacity and diversify our portfolio with renewable energy sources.”

Dominating Central Asia and African Markets

Aksa’s footprint in Uzbekistan has reached a historic peak. With the commissioning of the 430 MW Talimercan Natural Gas Combined Cycle Power Plant, the company now commands 1,220 MW of capacity in the country, making it the largest Turkish investor in Uzbekistan. Expansion continues elsewhere:

• Kazakhstan: A 240 MW combined heat and power plant is set to go online by April 2026.

• Gabon & Burkina Faso: New natural gas and thermal projects are broadening the company’s reach across Africa.

• Strategic Funding: A $150 million loan agreement with the Africa Finance Corporation (AFC) is fueling the continent’s energy transition.

The 4,000 MW Target: A Green Energy Pivot

Looking ahead to 2026, Aksa Energy aims to push its total installed capacity beyond 4,000 MW. A critical component of this growth is the shift toward sustainable energy. The company is developing a 941 MW renewable portfolio in Turkey, including wind, solar, and standalone storage solutions. Supported by an 11-year, $80 million loan from TSKB, Aksa intends for renewable energy to comprise 20% of its total portfolio in the medium term.

Leading in Sustainability and Corporate Governance

Beyond the balance sheet, Aksa Energy is setting benchmarks for Environmental, Social, and Governance (ESG) standards. The company has maintained its position in the BIST Sustainability Index for a decade. Furthermore, it boasts the highest female representation on its board among BIST 100 electricity producers, with women accounting for 33% of the board. Its Corporate Governance Rating also rose to 94.34.