Q4 2025 Enerjisa Enerji AS Earnings Call Transcript
Key Points
- Enerjisa Enerji AS (IST:ENJSA) exceeded its 2025 operational earnings guidance, achieving TRY58 billion, which is 8% above inflation.
- The company's underlying net income increased by 73% year over year, reaching TRY9.5 billion.
- Enerjisa Enerji AS proposed a dividend of 5.08 Turkish lira per share, reflecting a 63% distribution of underlying net income.
- The regulated asset base increased by 42% to TRY84 billion, supporting sustainable earnings growth.
- The company maintained a low leverage ratio of 1.1 times, ensuring strategic flexibility in a challenging macroeconomic environment.
- Geopolitical risks in the region, particularly due to tensions in Iran and the Gulf, pose potential challenges for Enerjisa Enerji AS.
- The regulated net profit margin in retail remains unchanged at 2.38%, leading to real margin erosion in a high inflation environment.
- Free cash flow after interest and tax was negative TRY15 billion, indicating a decline due to higher interest payments.
- The customer solutions segment experienced a decrease in operational earnings due to a softened domestic investor appetite.
- The company's cash flow profile is impacted by tariff burdens, making it difficult to predict and steer for consistent cash flow.
Ladies and gentlemen, welcome to Enerjisa Enerji full year 2025 earnings call.
I will now pass the line to Martin Jager, Head of Investor Relations. Please go ahead, sir.
Good afternoon and welcome also from my side to Energisa Energy's full year 2025 earnings call. Today I'm here with our CFO Philip and with Jen, our IR director, and Philip will start running you through the financial. As well as operational performance of the year 2025. We'll share our view on the regulatory. Changes for the business and also we'll present our updated 2026 targets.
And with that, let's kick it off over to you. Philip.
Thank you, Martin, and a warm welcome to all of you from my side. I'm happy that you joined us presenting our strong 2025 full year results. Before I come to today's key messages. Let me allow one comment on the current geopolitical situation. While Turkey is not directly involved
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
