Üçay Mühendislik's First-Half Revenue Reaches TRY 1.78 Billion

Üçay Mühendislik raised its revenue by 15.5 per cent year on year in the first half of 2026 to TRY 1.78 billion. The company’s gross profit rose 91.2 per cent to TRY 455.1 million and its operating profit climbed 220 per cent to TRY 220.4 million.

Üçay Mühendislik Enerji ve İklimlendirme Teknolojileri A.Ş., which operates in the energy, electromechanical, HVAC, solar energy and e-mobility fields, has announced its financial results for the first half of 2026.

Continuing its growth strategy following its public offering in January 2026, the company expanded its activities in energy and engineering projects alongside its financial performance in the first six months of the year.

Gross profit up 91.2 per cent
Üçay Mühendislik’s revenue in the first half of 2026 reached TRY 1.78 billion, a year-on-year increase of 15.5 per cent.

Over the same period the company’s gross profit rose 91.2 per cent to TRY 455.1 million, while operating profit increased 220 per cent to TRY 220.4 million.

In his assessment of the first-half results, Turan Şakacı, Chairman of the Executive Board and CEO of Üçay Mühendislik, said that with the capital structure strengthened after the public offering they were evaluating growth opportunities in energy and engineering from a broader perspective.

Şakacı stated that electrical and mechanical contracting, solar energy, e-mobility and international investments were among the core elements of the company’s growth strategy.

12 solar power plant projects commissioned
Solar energy investments also stood out among Üçay Mühendislik’s activities in the first half of 2026.

During the period the company completed and commissioned 12 residential solar power plant projects with a total installed capacity of 333.61 kWp.

The total contract turnover of these projects was approximately USD 284,000 excluding VAT.

Alongside its solar investments, the company is broadening its field of activity in renewable energy solutions while aiming to strengthen its position in projects geared towards energy efficiency and the low-carbon energy transition.

Elaris’ charging network grew 58 per cent
Elaris, Üçay Mühendislik’s subsidiary in the e-mobility field, also expanded its electric vehicle charging network operations in the first half of 2026.

The number of active AC/DC charging station sockets across Türkiye, which stood at 71 at the end of 2025, rose 58 per cent to 112 as of June 2026.

In parallel with the spread of electric vehicle use, the company plans to increase its investment in charging infrastructure and develop its activities within the e-mobility ecosystem.

Contracts worth more than TRY 1 billion across three major projects
Üçay Mühendislik also signed new contracts for large-scale electrical and mechanical contracting projects in the first half of the year.

A contract worth TRY 256 million excluding VAT was signed for the electrical and mechanical installation works of the C03 Office Block and Phase 1 of the shopping centre within the Nidapark Küçükyalı Project.

The contract signed for the electrical installation works of the THY AO Istanbul Airport car park and office building, part of the Istanbul Airport OC Building project, was worth TRY 297.3 million excluding VAT.

For the electrical and mechanical installation works to be carried out within the Denizkoru Boğaz & Orman Project, contracts worth USD 10.57 million and TRY 547.46 million were signed.

These projects illustrate the scale of the large electrical and mechanical installation work the company has undertaken.

Opening up to the European market with a Hungarian investment
Alongside its operations in Türkiye, Üçay Mühendislik has also established a structure in Hungary in order to pursue growth opportunities in the European market.

On 5 May 2026 the company set up a new business in Hungary with capital of 36 million Hungarian forints.

Through the new company the aim is to evaluate opportunities in energy investments across Europe and to widen Üçay Mühendislik’s international field of operation.

The company plans to develop its international structure particularly through energy investments, engineering services and renewable energy projects.

Diversifying its energy and engineering activities
Founded in 2000, Üçay Mühendislik operates in HVAC, electrical and mechanical systems, solar energy systems and electric vehicle charging services.

Its subsidiary Elaris provides electric vehicle charging network operation and charging station sales.

Headquartered in Istanbul, Üçay Mühendislik operates 33 branches, warehouses and showrooms across 23 provinces in the Marmara, Aegean, Mediterranean, Black Sea and Southeastern Anatolia regions.

Continuing to grow with an operating model that brings different engineering fields – energy efficiency, renewable energy and e-mobility foremost among them – under a single structure, the company aims to focus on new projects and international business opportunities in the second half of 2026 as well.