Üçay Mühendislik Announces TRY 850 Million Investment Move

Üçay Mühendislik has shared updated information with the public regarding the use of net proceeds exceeding TRY 850 million obtained from its initial public offering. The company has directed a significant portion of the funds toward solar power plant (SPP) investments, disclosing that approximately TRY 44.3 million has been deployed in investment projects to date.

NET PROCEEDS FROM IPO EXCEED TRY 850 MILLION
In his assessment of the matter, Üçay Mühendislik Board Chairman and CEO Turan Şakacı noted that gross proceeds of TRY 900 million were obtained from the IPO conducted through a capital increase.

Şakacı stated that net proceeds reached TRY 850,015,706 following IPO expenses, adding that this source represents an important financial strength for the company's long-term growth and transformation objectives.

LARGEST PORTION OF FUNDS ALLOCATED TO SPP INVESTMENTS
According to the plan shared by the company, IPO proceeds will be allocated as follows:

40-50 percent to solar power plant (SPP) investments,
30-40 percent to sustainability and operational efficiency projects,
10-15 percent to branch expansion activities,
5-10 percent to Elaris electric vehicle charging network investments.

Şakacı noted that the largest share will be directed toward SPP projects in line with the company's renewable energy growth strategies.

TRY 44.3 MILLION IN INVESTMENTS REALIZED
Üçay Mühendislik has deployed approximately TRY 44.3 million of the IPO proceeds to date within the scope of planned investments.

TRY 42.9 million of this amount was allocated to projects focused on vehicle fleet transformation and sustainability, while TRY 1.39 million was used for the development of electric vehicle charging station infrastructure.

The company stated that the remaining approximately TRY 806 million in funds will be used in accordance with the established investment schedule.

ACTIVE IN ENERGY AND CLIMATE CONTROL SECTOR
Founded in 2000, Üçay Mühendislik Energy and Climate Control Technologies A.Ş. operates in climate control, electrical, mechanical installations, solar energy systems and electric vehicle charging solutions.

Through its subsidiary Elaris, the company also provides electric vehicle charging network operations and charging station sales services. Headquartered in Istanbul, Üçay Mühendislik serves through more than 35 branches, warehouses and showrooms nationwide, having reached more than 2 million individual and corporate customers to date.