ODAS Elektrik stock: ODAS Elektrik buys back 5 million shares of ODAS Elektrik stock

Published on 10/24/2026 at 02:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The buyback covers 1.43 percent of capital. Investors assess the 20 million-share total when evaluating ODAS Elektrik stock.

Buyback and reported results

ODAS bought back 5 million shares on October 23, 2026.
First-half 2026 sales reached TRY 5 billion while net loss was TRY 1.7 billion.
A September 30, 2026 circuit auction was scheduled to resume at 11:46:26.

ODAS Elektrik, TREODAS00014, Illustration mit AI erstellt.

ODAS Elektrik (ISIN TREODAS00014) bought back 5 million shares on October 23, 2026, bringing its repurchased holdings to 20 million shares, or 1.43 percent of capital. The transaction was reported by RotaBorsa as a disclosure made through Turkey's Public Disclosure Platform.

What does the buyback change?

The latest purchase increases the cumulative repurchase figure from 15 million to 20 million shares. At 1.43 percent of capital, the program is material enough to frame the stock's current corporate action, although the announcement did not state a new repurchase limit or completion date.

Results keep the focus on losses

ODAS reported TRY 5 billion in sales and a TRY 1.7 billion net loss for the first half of 2026, while EBITDA reached TRY 1.7 billion, according to FVT. The combination of positive operating earnings and negative net income gives the buyback a more complex backdrop than a simple capital-return signal.

Three dates shape the recent record

On June 1, 2026, ODAS published financial statements for the first half of 2026 showing TRY 5 billion in sales, TRY 1.7 billion in EBITDA and a TRY 1.7 billion net loss, as summarized by FVT. On September 30, 2026, trading in ODAS shares entered a single-price call auction after an equity circuit breaker, with transactions scheduled to resume at 11:46:26, according to The Globe and Mail. On October 23, 2026, the company bought back 5 million shares, taking the cumulative total to 20 million.

Market context for ODAS

On Borsa Istanbul, the stock was last at TRY 4.65 on October 23, 2026 at 6:09 p.m. TRT, with a market capitalization of TRY 6.5 billion. Its 52-week range was TRY 4.39 to TRY 9.71, placing the latest quoted level near the lower end of that interval.

Business and trading profile

ODAS operates in electricity generation, electricity retail and wholesale, valuable metals and mining, and is listed on Borsa Istanbul under the ODAS ticker. The first-half figures show why the repurchase announcement matters alongside operating performance: EBITDA was positive at TRY 1.7 billion, but net income remained negative at TRY 1.7 billion.

Stock context

The buyback is the latest dated corporate action, while the first-half results remain the key operating reference for assessing the company. The Borsa Istanbul quotation and the TRY 6.5 billion market capitalization provide the current Turkish-market context.