Aygaz shares rise after beating Q2 estimates

Turkiye Petrol Rafinerileri AS

30/07/2025 09:05

**  Shares in Aygaz AYGAZ.IS climb around 9% after the Turkish oil and gas marketing and distribution company reported a better-than-expected Q2 net profit

** Aygaz posted net profit of 963.1 million lira ($23.7 million), above market expectations of 639 million lira

** Brokerage Deniz Yatirim says EBITDA and net profit for Q2 2025 showed strong year-on-year growth, exceeding both their and the market's expectations

** "These results are expected to have a positive impact on the stock's performance," Deniz Yatirim adds

** Brokerage Global Menkul Değerler says the strong results were driven by solid performance at the Tupras TUPRS.IS, in which Aygaz holds an indirect stake through its 20% ownership in energy investment company EYAS

** EYAS, the energy investment company partly owned by Aygaz with a 20% stake, holds a 51% controlling share in Tupras

     ** Global Menkul Değerler adds positive operational results, and around 84 million lira drop in monetary losses and 734 million lira net profit contribution from EYAS, also helped boost the results

($1 = 40.5798 liras)

 (Reporting by Canan Sevgili)

 ((canan.sevgili@thomsonreuters.com))