ODAS Elektrik redirected USD 381.70 million for ODAS Elektrik stock

Published on 10/14/2026 at 00:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter sales reached TRY 2.60 billion, while EBITDA was TRY 767.50 million. For ODAS Elektrik stock, net profit was negative TRY 1.00 billion.

Capital allocation and operating figures

ODAS Elektrik redirected USD 381.70 million toward the CEMA oil field project in Venezuela.
The 2026/6 quarter produced TRY 2.60 billion in sales and TRY 767.50 million in EBITDA.
Production at the CEMA field is targeted at 9,865 barrels a day.

ODAS Elektrik, TREODAS00014, Illustration mit AI erstellt.

ODAS Elektrik redirected USD 381.70 million toward the first phase of its CEMA oil field investment in Venezuela, a capital-allocation decision that gives ODAS Elektrik stock a strategy story beyond Turkish power generation. TipRanks described the shift in its September 16, 2026 company announcement.

Three dates shaped the strategy

The financial trajectory changed across three reported points. For the period ended December 31, 2025, ODAS recorded TRY 2.30 billion in quarterly sales and TRY 805.10 million in net profit, according to Yatirimci AI. For the period ended June 30, 2026, quarterly sales were TRY 2.60 billion, EBITDA was TRY 767.50 million and net profit was negative TRY 1.00 billion.

The September 16, 2026 Venezuela announcement added a project budget of USD 381.70 million to the company narrative. AInvest reported that the CEMA field agreement gives ODAS a 20-year operating and production term, with an option for another 20 years.

What does the field plan mean?

The project target is production of 9,865 barrels a day, compared with an existing output level described in the report as 400 barrels a day. That operating ambition is materially larger than ODAS Elektrik's current power-focused earnings base, so execution, funding and the timing of cash generation become central measures for the strategy.

The latest reported figures show the trade-off clearly: quarterly sales of TRY 2.60 billion and EBITDA of TRY 767.50 million in 2026/6 were accompanied by a TRY 1.00 billion net loss. The figures are reported in Turkish lira and come from the latest period listed by Yatirimci AI.

Operating scale remains the test

ODAS combines electricity generation with natural resources and international energy projects. The CEMA plan therefore adds a high-value project milestone to a business whose latest quarterly result included TRY 767.50 million of EBITDA but a negative TRY 1.00 billion net result.

Market context: Market report BIST 100.