Ecogreen Energy is Going Public

Subscription Dates: October 22-23-24, 2025

Ecogreen Energy, operating in the renewable energy sector, is going public. The public offering will take place on October 22-23-24, 2025, under the ECOGR code with the "Fixed Price Subscription" method. While the sale price per share has been determined as 10.40 TL, the size of the public offering is expected to reach 1 billion 144 million TL.

 Evaluating the public offering as a strategic step towards contributing to Turkey's energy independence and sustainable growth targets, Ecogreen Energy Chairman Osman Uğurlu stated, "As Ecogreen Energy, we lead the energy transformation of our country with a total installed power of 179,586 MW (181,686 MW including hybrid auxiliary sources) through our thirty solar, three biogas, and two biomass power plants located in eight provinces of Turkey. With the public offering, we plan to further strengthen our capital structure to finance our current investments and evaluate new investment opportunities both domestically and abroad. Thus, we aim to contribute to Turkey's energy independence while progressing towards building a 'Clean, Green, and Strong Future' with our sustainable energy investments in the upcoming period."

 Ecogreen Energy Holding A.Ş., which leads Turkey's energy transformation with its investments in the renewable energy sector, is going public. The public offering will occur under the leadership of Gedik Investment on October 22-23-24, 2025, through the "Fixed Price Subscription" method, with the sale price per share set at 10.40 TL. Participation in the public offering can be made with the code ECOGR.

 The public offering will take place through a capital increase. In the transaction to be conducted by the consortium to be established under the leadership of Gedik Investment; shares with a nominal value of 110 million TL, which will be increased as a result of the company's capital increase from 430 million TL to 540 million TL, will be offered for sale on Borsa Istanbul.

 While the sale price per share in the public offering is set at 10.40 TL, it is planned for the public float rate to be 20.37 percent. While the size of the public offering is projected to reach approximately 1 billion 144 million TL, a net income of 1 billion 73 million 606 thousand TL is expected to be generated from the public offering. It is planned that 70% of the net income obtained from the public offering will be evaluated in investment financing, 20% for loan repayment, and the remaining in working capital.

 "The public offering will be a strategic step towards Turkey's energy independence"

Evaluating the public offering as a strategic step towards contributing to Turkey's energy independence and sustainable growth targets, Ecogreen Energy Chairman Osman Uğurlu, stated, "As Ecogreen Energy, we are contributing to the energy transformation of Turkey with the investments we have made since our establishment. We operate with a total of thirty solar, three biogas, and two biomass power plants and a fertilizer factory in eight provinces of our country. We invest in the future's energy and sustainable agriculture with a total installed capacity of 179,586 MW (181,686 MW including hybrid auxiliary sources) and an annual production capacity of 90,000 tons of organic-mineral fertilizer. As Ecogreen Energy, we believe in the importance of investing in renewable energy sources and developing environmentally friendly solutions for a sustainable future. With our public offering process, we aim to involve our stakeholders as part of this green transformation to leave behind a cleaner world for future generations. With the new funds we will obtain from the public offering, we will strengthen our capital structure further and implement projects and investments that will add value to our country both environmentally and economically," he said.

 "We will progress rapidly towards building a 'Clean, Green, and Strong Future' with new investments"

Stating that a large portion of the income obtained from the public offering will be used for financing investments, Uğurlu continued: "The project process for our 100 MWe Kırklareli-3 Electricity Storage Wind Power Plant investment initiated under the company Ecowind 3 is still ongoing. We plan our project, for which the preliminary license has been obtained, as an electricity storage WPP. We are currently conducting mapping and geological survey works and other necessary processes for licenses such as EIA and zoning, along with measurement stations. In addition to this project, we are closely following new investment opportunities that may arise in the energy sector, which align with our company's investment criteria. We plan to evaluate investment opportunities domestically or abroad through 'Project development' or 'New Acquisition' to produce energy from renewable sources such as Electricity Storage Solar and Wind Power Plants. With our sustainable energy investments, we will contribute to Turkey's energy independence while continuing to progress towards building a 'Clean, Green, and Strong Future' in the upcoming period."

Sales in the first half of 2025 increased by 111% compared to the previous year

Providing information about the company's financial results, Osman Uğurlu stated: "As Ecogreen Energy, we have certified our strong position in the sector with the high performance we have shown in recent years and our financial results. We managed to increase our revenue significantly in the first half of this year due to the commissioning of the energy plants that our company previously started construction on, along with new projects. The company's net sales reached a record increase of 111% compared to the same period last year as of June 30, 2025, reaching 3 billion 342 million TL.  Our total assets exceeded 29.5 billion TL during the same period, while our operating profit reached 784 million 759 thousand 803 TL as of June 30, 2025. We believe that the added value that the public offering will provide to our growth momentum will further strengthen our financial power in the upcoming period."

 Legal Warning

This document is for informational purposes only and does not constitute an invitation to the public to purchase capital market instruments or a recommendation regarding capital market instruments in any way. The Capital Market Board (CMB) or the Exchange has no discretion or approval in determining the public offering price. Information regarding the company and the public offering, including the Prospectus and its annexes, as well as the Sales Announcement to the Beneficial Owners, has been published on the websites of the Company (www.ecogreenenerji.com), Gedik Investment (www.gedik.com), and KAP (www.kap.org.tr). Investors are required to make their investment decisions by reviewing the Prospectus and its annexes approved by the CMB and the Sales Announcement to the Beneficial Owners published at the specified addresses.

About Ecogreen Energy

The company is under the sole ownership of Osman Uğurlu. The company was established under the name Ecogreen Energy Investment A.Ş. on December 29, 2020, and its name was changed to Ecogreen Energy Holding A.Ş. on May 27, 2021, which is its current title.

The company's actual activity; in the broadest form as per legal regulations, includes electricity production from solar power plants, biomass power plants, and biogas power plants through its subsidiaries, as well as the sale of produced electricity, production and sale of organic and organomineral fertilizers, and EPC activities.

In this respect, the company has participated in companies engaged in electricity production, trading, and sale, fertilizer production and sale, and EPC activities, becoming a holding company that brings them together under one roof. As of December 31, 2024, the company has a total of 8 subsidiaries and 1 affiliate established for investments in the renewable energy, organic and organomineral fertilizer, and EPC sectors. The company's entire energy portfolio consists of power plants that produce electricity using renewable energy sources, and all energy plants are registered under the relevant subsidiaries.

Currently, the total installed capacity of the company's subsidiaries is 179,586 MW (181,686 MW including hybrid auxiliary sources). The total number of personnel in the company as of June 30, 2025, is 221.