Enerjisa Enerji Sustains a Stable Growth in Q1

Enerjisa Enerji's inflation adjusted operational earnings rose from TL 6.5 billion in Q1 2023 to TL 9.4 billion in Q1 2024, demonstrating a stable growth delivery. The company invested TL 1.3 billion in Turkey’s energy infrastructure, emphasizing its role in the country's energy transformation.

Enerjisa Enerji CEO Murat Pınar emphasized the company's dedication to infrastructure investments and superior customer service. "With our focus on grid investments and competitive retail services we continue our leadership in Turkey’s energy sector. We aim to reduce energy import dependency by accelerating renewable energy and efficiency practices. Our solar PV capacity now stands at nearly 55 MWp, and we've expanded our e-mobility subsidiary, Eşarj, to 1,107 EV charging stations and around 2,000 charging sockets, doubling last year’s figures."

Pınar also highlighted Enerjisa Enerji's commitment to become a company that captures people’s heart via ‘A Better Future for All’ vision and expressed gratitude to investors for their continued support.

Enerjisa Enerji CFO Dr. Philipp Ulbrich noted the company's resilience amid challenging macroeconomic conditions and desire to provide a safer, cleaner and better energy future. "We have sustained strong financial and operational performance across all segments in the first quarter. This growth is partly reflecting a recovery from the earthquake related earnings impact last year. "

Ulbrich reiterated the company's commitment to robust investments and shareholder returns. "In May 2024, we paid a gross dividend of TL 2.79 per share for the fiscal year 2023. We will continue to focus on attractive returns for our shareholders. Therefore, we have laid out ambitious financial targets for 2024 including an updated dividend commitment targeting for a payout ratio of at least 80% of our 2024 Underlying Net Income under Inflation Accounting. Enerjisa Enerji remains a standout investment opportunity, driven by our focus on sustainable energy and strong operational performance."









About Enerjisa Enerji
Enerjisa Enerji, at the forefront of Turkey's energy transformation, serves 25% of the country in electricity distribution and retail. Reaching 10.7 million customers across 14 provinces and providing distribution services to over 22 million users, the company offers renewable energy, efficiency, and green solutions under its "Energy of My Business" brand. Its subsidiary, Eşarj, operates the country's first and fastest EV charging network. Enerjisa Enerji, whose main shareholders are Sabancı Holding and E.ON, is publicly traded on Borsa Istanbul with a 20% free float.