Akfen GYO's EBITDA Rose 14% in First Half

Akfen GYO raised its EBITDA to TRY 768 million in the first half of 2026 while reducing net debt by 2 percent. The company's Net Debt/EBITDA ratio declined from 3.1 to 2.9.

Akfen Gayrimenkul Yatırım Ortaklığı (Akfen GYO) disclosed its financial results for the first half of 2026. The company continued the operational growth momentum it achieved in 2025 during the first half of 2026. Akfen GYO's EBITDA, which stood at TRY 676 million in the first six months of 2025, increased by 14 percent to reach TRY 768 million, supported by rental income from the QNB Terminal Kadıköy included in the portfolio and effective cost management.

Beyond the growth in operational profitability, the company continued to strengthen its balance sheet structure. Reducing its net debt by 2 percent compared to the end of 2025, Akfen GYO lowered its Net Debt/EBITDA ratio from 3.1 to 2.9.

Akfen GYO's EBITDA rose to TRY 768 million
The positive effect of investments realized in 2025 and the rental income generated from the QNB Terminal Kadıköy project added to the portfolio were instrumental in the increase in Akfen GYO's operational performance.

EBITDA, which was at the level of TRY 676 million as of 30 June 2025, increased by 14 percent to TRY 768 million as of 30 June 2026. Effective cost management was also among the factors supporting the company's growth in operational profitability.

Net debt declined by 2 percent
Positive developments were recorded in Akfen GYO's balance sheet indicators in the first half of the year. The company's current assets increased by 6 percent compared to the end of 2025, reaching TRY 6.1 billion.

In the same period, the company's net debt decreased by 2 percent to the level of TRY 4.9 billion. Along with improvements in the debt structure, the Net Debt/EBITDA ratio declined from 3.1 to 2.9, while the Debt/EBITDA multiplier also fell from 10.3 to 9.7.

Thus, Akfen GYO increased its operational profitability in the first half of 2026 while improving its debt indicators.

Demirpençe: "We continue to grow while maintaining financial discipline"
Ece Demirpençe, Chief Executive Officer of Akfen GYO, noted in her assessment of the company's financial performance in the first half of 2026 that the growth momentum achieved in 2025 continued in the new period.

Demirpençe made the following statement:
"Thanks to the rental income from the QNB Terminal Kadıköy project included in our portfolio and our effective cost management, we increased our EBITDA figure by 14 percent to TRY 768 million. Our reduction of net debt and lowering of our Net Debt/EBITDA ratio from 3.1 to 2.9 in line with this development in our operational performance also demonstrated our financial discipline. In the coming period, we will continue to maintain our focus on sustainable profitability, a strong balance sheet structure, and efficient growth."