Enka Insaat stock reports 21.1 percent Q2 revenue growth

Enka Insaat stock is supported by Q2 2026 revenue of USD 1.08 billion, which increased 21.1 percent from the same quarter a year earlier. The company is also advancing the Bazian II power project, adding an operational milestone to the latest financial picture.

Revenue rises in Q2

FKRadar reported that Enka Insaat generated USD 1.08 billion in Q2 2026 revenue, compared with USD 893.6 million in Q2 2025. The same source reported net income of USD 336.2 million, up from USD 308.9 million a year earlier.

The earnings mix matters because the revenue increase came alongside a 9.0 percent rise in net income. That comparison points to a lower rate of profit growth than sales growth, making margins and project execution important reference points for the next reporting period.

Bazian II reaches 21 percent

According to ENKA on September 23, 2026, the Bazian II Combined Cycle Power Plant Conversion Project had reached 21 percent overall progress under its engineering, procurement and construction scope by mid-September. Mechanical works stood at 7 percent, while steel erection continued across the heat recovery steam generator and steam turbine building areas.

The project gives investors a measurable operating checkpoint alongside the Q2 accounts. Its progress also reflects Enka Insaat's exposure to energy infrastructure, one of the four business areas identified on the company's investor-relations page alongside construction, real estate leasing and trading.

Stock stays below yearly high

Enka Insaat was trading at TRY 85.65 on Borsa Istanbul on September 29, 2026 at 2:00 p.m. EEST, up 0.29 percent from TRY 85.40. The stock's 52-week range was TRY 67.75 to TRY 114.30, leaving the latest price 25.09 percent below the yearly high.

Market capitalization stood at TRY 502.1 billion on September 29, 2026. The combination of double-digit quarterly revenue growth, a 21 percent project milestone and a share price below its yearly high gives the stock a concrete operating and valuation reference for the next company update.