Zorlu Enerji Elektrik Üretim A.S. (IST:ZOREN)

Turkey · Delayed Price · Currency is TRY

2.350

+0.050 (2.17%)

Sep 4, 2026, 6:09 PM GMT+3

IST:ZOREN Financials Overview

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	31,904	36,197	38,819	39,389	38,806	11,635
Revenue Growth	-20.87%	-6.75%	-1.45%	1.50%	233.53%	35.62%
Net Income	-9,695	-14,707	-3,094	15,768	9,493	-86.45
Earnings Per Share	-1.93	-2.94	-0.62	3.15	3.41	-0.04
EPS Growth	-	-	-	-7.52%	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other	9,468	9,830	6,685	12,262	-	-
Electricity Generation	7,234	9,428	11,688	10,339	6,922	1,494
Consolidation Adjustments	-17,118	-17,160	-12,035	-12,462	-9,519	-2,477
Electricity Distribution and Retail Sales	32,320	34,100	32,482	29,250	-	-
Total	31,904	36,197	38,819	39,389	38,806	11,635

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Investments	2,387	5,012	2,018	2,792	3,799	1,171
Total Debt	60,762	56,678	59,856	61,353	56,633	24,052
Net Cash (Debt)	-58,376	-51,666	-57,837	-58,561	-52,834	-22,881
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-11.64	-10.33	-11.57	-11.71	-18.98	-10.59

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Cash Flow	-2,149	832.12	8,574	16,990	3,195	2,001
Capital Expenditures	-1,270	-1,482	-1,558	-1,486	-970.6	-327.21
Free Cash Flow	-3,419	-650.33	7,016	15,504	2,224	1,674
Free Cash Flow Growth	-	-	-54.75%	597.10%	32.86%	-0.39%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Pretax Margin	-9.73%	-29.09%	-30.25%	17.16%	26.20%	-1.68%
Profit Margin	-30.39%	-40.63%	-7.97%	40.03%	24.46%	-0.74%
FCF Margin	-10.72%	-1.80%	18.07%	39.36%	5.73%	14.39%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 6, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
PE Ratio	-	-	-	1.34	1.87	-
Forward PE	-	23.29	75.45	40.95	65.75	18.59
P/FCF Ratio	-	-	3.11	1.36	7.99	2.48
PS Ratio	0.37	0.42	0.56	0.54	0.46	0.36