Can2 Termik buys 6,984,999 shares, taking Can2 Termik stock repurchases to 25 million

Published on 10/19/2026 at 00:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Approved September 30, 2026, it runs three years and equals 5.00 percent of issued capital. Can2 Termik stock faces a 500 million share ceiling.

Buyback and first half results

Can2 Termik repurchased 6,984,999 shares on October 1, 2026.
The approved program sets a TRY 2.0 billion funding limit for three years.
First-half 2026 revenue reached TRY 3.8 billion while net loss totaled TRY 2.9 billion.

Can2 Termik, TRACAN2E91H1, Illustration mit AI erstellt.

Can2 Termik stock is tied to a buyback that reached 6,984,999 shares on October 1, 2026, bringing the cumulative repurchase to 25 million shares. Paratic reported that the repurchased shares represented 0.25 percent of the company's capital.

What does the repurchase authorize?

The board approved a three-year program on September 30, 2026, covering up to 500 million shares and a maximum fund of TRY 2.0 billion. The Globe and Mail reported that the ceiling equals 5.00 percent of issued capital and that the program will be presented at the next general assembly.

The buyback is designed to support price formation, but the financial backdrop remains demanding. For the first half of 2026, Can2 Termik posted TRY 3.8 billion in revenue and a TRY 2.9 billion net loss, according to Rota Borsa. The same report cited second-quarter revenue of TRY 1.79 billion, adjusted EBITDA of TRY 510.68 million and an adjusted EBITDA margin of 28.50 percent.

Three dated corporate steps

On October 22, 2025, Can2 Termik announced a dollar-indexed electricity sales contract with EÜA? that set a minimum price of USD 75 per MWh through December 31, 2029, according to the company's public disclosures. On January 5, 2026, the company said its Venezuela operations could benefit from a potential increase in Chevron activity. On October 1, 2026, the repurchase reached 25 million shares, the latest dated step in the sequence.

Why losses still matter

Rota Borsa said first-half net electricity production reached 701 GWh, up 33.79 percent from the prior-year period, while second-quarter net production reached 525,018 MWh. The figures show stronger output alongside cost pressure and a large net loss, leaving the buyback program to compete with balance-sheet repair as the central investor question.

Investor reference

On Borsa Istanbul, CANTE was last at TRY 1.02 on October 16, 2026 at 6:08 p.m. TRT. The quote implies a market capitalization of TRY 10.2 billion and sits within a 52-week range of TRY 0.92 to TRY 2.87.