Aydem Enerji stock, Aydem Yenilenebilir Enerji

Aydem Enerji stock: Nine-month profit jumps on tax income

Published on 11/16/2026 at 00:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aydem Enerji stock draws attention after nine-month results showed weaker revenue and operating cash flow. A deferred-tax gain lifted earnings.

Cash Flow Trails Reported Earnings

Revenue declined 3.1 percent in the first nine months, while EBITDA slipped 1.8 percent.
A deferred-tax gain was the main factor behind the sharp increase in reported net income.
Operating cash flow fell 61 percent, even as cash and cash equivalents increased by the end of September.

Aydem Enerji stock, Aydem Yenilenebilir Enerji, nine-month results, renewable energy, deferred tax, cash flow, Illustration mit AI erstellt.

Aydem Yenilenebilir Enerji reported a sharp rise in nine-month net income on November 5, but the result came with weaker revenue and cash generation. Ye?il Haber said the company submitted its consolidated statements for the period through September 30 to Turkey's Public Disclosure Platform.

The company posted net income of 5.2359 billion Turkish lira, up from 405.9 million lira a year earlier. A deferred-tax gain of 4.4003 billion lira made a major contribution to the result, so the reported earnings increase needs to be read alongside operating performance and cash flow.

Revenue And Operating Profit Decline

Revenue fell 3.1 percent to 12.0976 billion Turkish lira. Gross profit declined 15.5 percent to 2.6913 billion lira, while operating profit fell 17.3 percent to 2.1925 billion lira.

EBITDA decreased 1.8 percent to 5.1646 billion lira. The renewable generation segments produced stronger combined revenue, led by hydroelectric power, but lower revenue from wind and solar and weaker unallocated revenue weighed on the consolidated figure.

Cash Generation Weakens

Cash from operating activities dropped 61 percent to 5.2131 billion lira. Cash and cash equivalents nevertheless rose to 3.29 billion lira at September 30 from 1.70 billion lira at the end of 2025, while net debt stood at about 22.77 billion lira.

The third quarter showed a similar split. Operating profit increased year over year, but financing costs and monetary effects left pretax profit close to break-even, while quarterly net income fell to 81 million lira.

Business Model And Market Position

Aydem Enerji is a Turkish integrated energy group active in electricity generation, distribution and retail. Its generation portfolio focuses on renewable sources including hydroelectric, wind, geothermal and hybrid projects. The group serves the Turkish electricity market across generation and customer-facing operations.