Chairman's Message

Tensions in the Middle East are exerting upward pressure on energy prices, particularly for natural gas and oil.

According to Ember’s 2025 data, electricity generated from solar energy increased by approximately one-third in the first half of the year compared to the same period of the previous year, meeting 83% of the growth in global electricity demand. During this period, around 700 GW of new renewable capacity was commissioned, 80% of which was driven by solar energy. Our country is also playing a significant role in this globaltransition. Türkiye’s total installed renewable energy capacity has reached 76,281 MW, accounting for 62.3% of the total installed capacity.

According to research by the International Energy Agency (IEA), intensive investments in renewable energy capacity over the next five years are projected to exceed the total investments made in energy over the past 40 years. The increasing electricity demand—driven by artificial intelligence data centers, electric vehicles, and advanced end-to-end energy solutions— is expected to be fully met through these investments.

The Agency states that this increase could almost entirely meet the 40% global growth in electricity demand. The energy needs of electric vehicles, heating and cooling systems, and artificial intelligence data centers are cited as the primary drivers of this growth.

All these developments indicate that the energy system is not only transforming but also evolving into a new structure characterized by increased electrification, greater digitalization, and enhanced sustainability.
As Zorlu Enerji, we do not merely follow this transformation; we aim to be an active part of it through the innovative business models and investments we develop. With 100% renewable electricity generation, we are among the leading companies in the sector, and we develop smart, sustainable solutions for the energy needs of the future. With a total installed capacity of 537 MW in geothermal, hydroelectric, and wind energy, we operate both domestically and internationally.

The year 2025 was a challenging period due to geopolitical risks, volatility in global energy prices, fluctuations in exchange rates, and high financing costs. During this period, we structured our strategy around a forwardlooking organic growth target and, through our operational and financial activities, achieved total revenues of TRY 36.2 billion for the full year 2025, while allocating more than TRY 7 billion to electricity distribution infrastructure and renewable energy investments in the same period.

Our organic growth strategy focuses on expanding hybrid power plants, battery storage technologies, and electric vehicle charging infrastructure. In the field of geothermal energy, we continue to scale up our pioneering practices in Türkiye that are recognized globally as best-in-class examples. Following our Alaşehir 1 Hybrid Solar Power Plant with an installed capacity of approximately 3.8 MWp, we completed the official commissioning of a 1 MWm solar power plant integrated into our 15 MWe Kızıldere-1 Geothermal Power Plant within this year.

Meanwhile, we continue to grow in the e-mobility sector under our Zes brand in Türkiye and our Electrip brand in Europe. With the “Aggregator License” obtained through Zorlu Dengeleme Enerji Yönetimi A.Ş., we are also focusing on a new area of flexibility and portfolio optimization with a holistic energy management approach.

We Are Taking Determined Steps in Sustainability and ESG Leadership
We build our business model on sustainability, addressing it through its economic, social, and environmental dimensions. In 2025, we achieved a score of 93 out of 100 in the ESG assessment conducted by the London Stock Exchange Group (LSEG), an international financial analysis and reporting organization. With this score, we ranked first among 346 companies reporting globally in the Electric Utilities and Independent Power Producers category, reaffirming our global leadership.

In the S&P Global Corporate Sustainability Assessment, we increased our score to 84, placing us in the top 10% of best-performing companies and qualifying for inclusion in the Global Sustainability Yearbook. Through our sustainability practices covering our entire value chain and suppliers, we maintained our A score in the CDP Supplier Engagement Rating.

To further advance these achievements, we continue to take decisive steps toward our targets of achieving net-zero emissions by 2040 and a netpositive impact on nature by 2035.

We Prioritize Inclusion with Our Human-Centered Value Creation Vision
We believe that the energy transition is not only a technological transformation but also a societal one. Through the projects we implement under our Eşit Bi’Hayat approach, we place great importance on engaging with all our stakeholders and creating shared value.

To date, we have reached 190,000 students through our “Energy for Children” project, fostering awareness of energy and sustainability among younger generations. Through the Zorlu Enerji Experience (ZExperience) program, we continue to support the personal and Professional development of our scholarship students with dedicated training İnitiatives.

With our FutureFEM and Women in Leadership (Liderlikte Kadın Yüz’ü) projects, we mentor young women and students through training programs focused on professional competencies, supporting equal Access to opportunities in business life and helping them unlock their leadership potential.

The Energy Company of the Future
Looking ahead, three key dynamics stand out in shaping the energy sector: digitalization, electrification, and distributed systems. Our R&D investments in these areas, along with our participation in international projects such as the EU Horizon 2020 Program, form the foundation of our innovationdriven growth.

In line with our goal of generating all our energy from renewable sources by 2030, we will continue to expand our solar and wind energy capacity, scale up battery storage solutions, and broaden our electric vehicle charging network.

As one of the pioneers of the energy transition, we remain committed to building a cleaner, more sustainable energy future for our planet and future generations. I would like to extend my sincere thanks to all our stakeholders, employees, and business partners who support us on this journey.

Best regards,

Elif Yener

President of the Sector (CEO)