Why is İpek Natural Energy stopping its dividend distribution?

İpek Doğal Enerji's Financial Status and Dividend Policy

İpek Doğal Enerji is holding back on dividend distribution due to negative figures in the profit and loss statement. A review of the company's past data shows that it has not made any cash dividend payments to date. Following the 80% bonus share capital increase implemented in 2008, the company's financial structure has been weakened. The continuous losses of this structure, which includes Hürriyet Gazetecilik, over the last three years are negatively affecting dividend payments.

Reporting Profits Without Dividends

A frequently asked question is: why does İpek Doğal Enerji not pay dividends despite reporting profits? Companies can share the profits they obtain with their shareholders either in cash or in shares. However, not every company that reports a profit is automatically obligated to pay dividends. There can be various reasons for this; legal differences, past year losses, or the company's long-term investment strategies. For example, while İpek Doğal Enerji has reported high amounts of net profit since 2016, it has shown losses for a long time under tax law. This situation stands out as one of the reasons for the pause in dividend distribution.

Financial Performance and the Impact of Losses

In the company's 2025 semi-annual financial statements, while it generated 567 million TL in revenue, it is noteworthy that it reported losses in both gross profit and core operations. Particularly, with substantial losses in monetary positions, the company disclosed a net loss of 410 million TL at the end of the period, raising concerns among investors. The continuation of losses significantly reduces the likelihood of dividends for investors.

Hopes and Challenges for the Future

The chance of Hürriyet Gazetecilik recovering from losses is a topic of interest. For the company to increase its profitability, it first needs to reduce operating expenses and bring the gross profit margin to a positive level. Increasing digital advertising revenues and decreasing printing costs are highlighted as pathways to achieving this goal. Otherwise, the continued losses and the postponement of dividend distribution seem inevitable.