Alcatel, Why Did It End the Period with a Loss?

The Challenging Process of Alcatel

Despite presenting a table showing that it increased its revenues by 18% in the nine-month period of 2025 to reach 3.7 billion TL, Alcatel reported an unexpected loss due to a significant increase in operating expenses. The company's operating profit fell to 15.2 million TL as a result of the recorded cost increases.

Financial Expenses and Tax Burden

Subsequent financial expenses further worsened the situation, leading to a net loss of 112.6 million TL. This situation demonstrates that mere revenue growth is insufficient and that costs must also be brought under control.

Declines in Ayen Enerji

On the other hand, Ayen Enerji is also experiencing a critical period. In the first half of 2025, its sales revenues declined by 3%. EBITDA decreased by 23%, and the operating profit fell by 10%. The most significant decline was evident in a 65% drop in net profit. Ayen Enerji, which recorded 93 million TL in net cash income in the previous period, faced a 389 million TL loss in this period. This negative outlook weakens investors' growth expectations for the future.

Pressure on Stock Prices

Experts provide significant analysis regarding why Ayen Enerji's stock price has not increased. A weak balance sheet has become a hindrance to upward potential for the stock price. Despite experiencing volatility over the past three years, the price has recently failed to exceed the 31 TL band.

Expectations for the Future

For investors to have positive expectations from Alcatel and Ayen Enerji, new catalysts that strengthen the financial statements and increase investor interest are needed. The high management and marketing expenses could suddenly change the company's current situation. In the future, capacity increases or improvements in efficiency could trigger a renewed wave of buying in the markets.