AXA Energy has reported strong financial results for 2025, formally cementing its position as a global power company. Driven by high-octane operations across Turkey, Asia and Africa, the company managed to boost EBITDA to TL 13.5 billion, representing a significant increase of 37% year-on-year. This growth trajectory is supported by a significant investment cycle of over $1 billion from 2023 to 2025, placing the company in a strategic position to dominate the emerging energy market.
Record margins and strategic revenue growth
The company’s consolidated financial results for 2025 highlight a strong performance. Thorough review of operational efficiency. Although consolidated sales exceeded plans,reached 42 billion TL, net profit increased by 39%, 3.7 billion TL. Most notably, EBITDA margin increased by 8 points to 32%. This financial resilience is due to our diverse portfolio of 11 power plants across seven countries, totaling more than 3,000 MW of installed capacity.
Financial reinforcement through global expansion
AXA Energy CEO Naci Agbal stressed that the company’s success stems from its “durable business model” designed to thrive even in volatile macroeconomic conditions. AXA secures long-term guaranteed exchange-based sales contracts, ensuring strong revenue prospects and stable cash flows.
“We have successfully completed more than $1 billion of investments simultaneously in various geographies,” Arval said. “Our goal for 2026 is to further expand our production capacity and diversify our portfolio with renewable energy sources.”
Dominate the Central Asian and African markets
Axa’s footprint in Uzbekistan has reached a historic peak. With the commissioning of the 430 MW Talimerkan natural gas combined cycle power plant, the company now has a domestic power generation capacity of 1,220 MW, making it Turkey’s largest investor in Uzbekistan. Expansion continues elsewhere.
Kazakhstan: A 240 MW combined heat and power plant is scheduled to be operational by April 2026.
Gabon and Burkina Faso: New natural gas and thermal power projects extend the company’s reach across Africa.
Strategic Finance: A $150 million financing agreement with African Finance Corporation (AFC) is fueling the continent’s energy transition.
4,000 MW goal: green energy axis
AXA Energy aims to have a total installed capacity of over 4,000 MW by 2026. A key element of this growth is the transition to sustainable energy. The company is developing a 941MW renewable energy portfolio in Türkiye, including wind, solar and stand-alone energy storage solutions. Backed by an 11-year, $80 million loan from TSKB, AXA aims for renewable energy to account for 20% of its overall portfolio in the medium term.
Leading in sustainability and corporate governance
Beyond the balance sheet, AXA Energy sets benchmarks for environmental, social and governance (ESG) standards. The company has maintained its position in the BIST Sustainability Index for 10 years. Additionally, it boasts the highest proportion of women. BIST 100 electricity producers have women on their boards of directors 33% of the Board of Directors. Corporate governance rating also rose to 94.34.
