08.11.2021 – Financial Assessment for Q3 2021

As of September 30, 2021, ODAS Group achieved a consolidated EBITDA figure of 275.2 million TRY. The Group’s consolidated EBITDA figure for the first nine months increased by 27.6% compared to the same period of the previous year. (EBITDA for 30.09.2020: 215.7 million TRY) 


As of 30.09.2021, the Group’s consolidated annualized Net Financial Debt/ EBITDA multiple reached to 4.4x (Annualized Net Financial Debt /EBITDA as of 30.06.2021: 7.0x)


On the other hand, the Group’s Natural Gas Cycled Power Plant in Khorezm, Uzbekistan which will have an installed capacity of 174 MW once completed is expected to commence electricity production gradually in the first quarter of 2022.