BIGEN FINANCIAL STATEMENTS

Birlesim Grup Enerji — balance sheet, income statement and cash flow trends

BIGENBirlesim Grup Enerji

🇹🇷 Turkey · IS · Utilities · Utilities - Renewable

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q2 2025 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue732 M ₺+20.5%

Gross Profit309.4 M ₺+32.8%

Operating Income304.2 M ₺-44.1%

EBITDA460.5 M ₺-27.9%

Net Income-51.8 M ₺-106.6%

Peer Comparison· Utilities - Renewable

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BIGEN	-20.0%	42.3%	62.9%	-7.1%
NRGV	362.0%	21.0%	-40.0%	-53.0%
FLNC	10.9%	11.5%	-0.4%	-1.6%
BLX	10.7%	38.3%	60.5%	-3.6%
SLR	39.9%	77.2%	103.7%	55.9%
CWEN	5.6%	51.4%	76.0%	0.1%
Industry median	1.9%	27.1%	36.8%	-1.9%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BIGEN	-20.0%	42.3%	62.9%	-7.1%
AKFYE	2.3%	28.7%	75.2%	25.0%
LYDYE	-31.7%	-4.4%	-59.3%	1,999.9%
MAGEN	2.3%	28.2%	41.3%	-33.8%
ECOGR	1.6%	23.4%	31.6%	6.2%
AYDEM	35.3%	22.7%	40.2%	-20.2%
Industry median	1.9%	27.1%	36.8%	-1.9%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q2 2025

Equity3.3 B ₺47%
Current Liabilities1.1 B ₺16%
Long-term Liabilities2.6 B ₺37%

Key Figures

YoY change

Total Assets7 B ₺+71.9%

Total Liabilities3.7 B ₺+44.0%

Total Equity3.3 B ₺+119.7%

Cash & ST Investments311.2 M ₺+76.6%

Total Debt3.4 B ₺+53.2%

Net Debt3.1 B ₺+51.1%

Peer Comparison· Utilities - Renewable

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BIGEN	0.48	101.9%	6.62	47.1%
NRGV	1.44	570.5%	-1.21	10.2%
FLNC	1.43	109.2%	1.01	15.7%
BLX	1.24	310.0%	7.98	19.7%
SLR	0.59	205.8%	4.94	30.0%
CWEN	1.11	180.7%	8.52	32.5%
Industry median	1.07	51.3%	3.22	50.5%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BIGEN	0.48	101.9%	6.62	47.1%
AKFYE	0.58	20.5%	2.37	76.4%
LYDYE	10.18	0.0%	0.79	76.0%
MAGEN	0.32	51.4%	12.38	54.8%
ECOGR	0.63	51.7%	3.22	49.9%
AYDEM	1.27	57.3%	4.16	54.9%
Industry median	1.07	51.3%	3.22	50.5%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q2 2025 · TTM

Key Figures

YoY change

Operating Cash Flow419.9 M ₺+29.9%

Capital Expenditures-505 M ₺—

Free Cash Flow395.7 M ₺—

Dividends Paid0 ₺—

Peer Comparison· Utilities - Renewable

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BIGEN	57.4%	54.1%	69.0%	-810.6%
NRGV	-26.1%	-45.2%	19.1%	49.3%
FLNC	-9.2%	-10.5%	1.3%	568.2%
BLX	38.2%	-11.7%	49.9%	-1,071.9%
SLR	—	—	0.0%	—
CWEN	66.9%	39.5%	27.5%	49,700.0%
Industry median	18.8%	-0.4%	10.4%	33.3%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BIGEN	57.4%	54.1%	69.0%	-810.6%
AKFYE	80.7%	3.0%	78.0%	323.3%
LYDYE	-137.2%	-57.2%	79.4%	-6.9%
MAGEN	83.3%	53.1%	5.1%	-246.7%
ECOGR	51.5%	54.9%	1.3%	834.8%
AYDEM	59.1%	51.4%	2.4%	-292.3%
Industry median	18.8%	-0.4%	10.4%	33.3%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on BIGEN

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.