Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q2 2025 Earnings Presentation
16 slides from Gsd Holding A.s's earnings presentation, Aug 18, 2025
Slide 1: Q2 2025
Q2 2025 Posted on 18 August 2025
Slide 2: GSD Holding at a glance
1986 Q2 2025 Q2 2025 Q2 2025 Established in TL 259 TL 17,699 TL 11,666 1986 Million Million Million Net Loss Total Assets Equity Group entities listed on 2 Borsa Istanbul (BIST) (*) TMS 29 Inflation Accounting has been applied. 2
Slide 3: GSD Holding Business Lines
GSD Holding Business Lines Finance Maritime GSD Holding operates in finance and marine sectors through its subsidiaries. 3
Slide 4: Finance - Bank
Finance - Total Assets (as of Q2 2025) Established in TL 2,102 1999 Million 100% Net Income* (as of Q2 2025) Owned by GSD Holding TL 275 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period loss of 45 million TL occurred with the application of TAS 2
Slide 5: Finance - Factoring
Finance - Net Income* (as of Q2 2025) Total Assets (as of Q2 2025) TL 259 Million Established in TL 3,376 1994 Million 98.01% Factoring Receivables (as of Q2 2025) Owned by GSD Holding TL 3,215 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in factoring companies
Slide 6: Finance - Asset Management
Finance - Total Assets (as of Q2 2025) Established in TL 563 2024 Million 100%’ü Net Income* (as of Q2 2025) GSD Holding’e aittir. TL 12 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in asset management companies, a period loss of 10 million TL occurred with the
Slide 7: Maritime
Maritime - GSD Marin Net Loss Total Comprehensive Established in (as of Q2 2025) Income excluding non- 1992 TL 98 controlling interest (as of Q2 2025) & Million Listed on TL 350 BIST Million GSD Shipping Total Assets Established in (as of Q2 2025) 2016 TL 10,535 Million 7
Slide 8: Consolidated Operating Income (According to TMS 29)
Consolidated Operating Income (According to TMS 29) 1,132.1 Q2 2025 840.1 (10.6) Q2 2025 17.5 156.1 Banking Q2 2024 289.3 Factoring Marine Holding 400.9 Varlık Q2 2025 Q2 2024 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*) (
Slide 9: Consolidated Operating Income by Business Segments
Consolidated Operating Income (According to TMS 29) 400.9 358.4 353.8 Q2 2025 326.0 289.3 Q2 2024 Breakdown of 156.1 Consolidated 99.1 Operating Income by 17.5 -10.6 the Business Segments 0.0 – TL Million Banking Factoring Marine Holding Varlik (*) Business Sector Shares are illustrated before intra
Slide 10: GSD Marin fleet
Cano Maritime Hako Maritime Nehir Maritime GSD Ship M/V Cano M/V Hako M/V Nehir Finance B.V. Malta Malta Marshall Islands Holland GSD Marin is the first and the only public 447,534 kDWT – Current cargo carrying All 10 ships that have been in GSD Group are shipping company in Turkey. capacity under m
Slide 11: GSD Shipping fleet
Mila Maritime Selim Maritime Dodo Maritime Neco Maritime Lena Maritime Nejat Maritime Guzide Deniz Maritime M/V Mila M/V S.Selim M/V Dodo M/V Olivia M/V Lena M/V Nejat Maritime M/V Deniz Malta Malta Malta Malta Marshall Islands Marshall Islands Malta Marshall Islands GSD Shipping B.V. is established
Slide 12: Net Foreign Currency Position
USD Million USD Million +37 Net Foreign +217 Currency Position GSD Holding Unconsolidated GSD Holding Consolidated 12
Slide 13: Financial Highlights: Consolidated Income Statement
Financial Highlights Consolidated Income Statement (According to TMS 29) $ Million** TL Million TL Million Changes TL Million Q2 2025 Q2 2025 Q2 2024 % Revenue 68.0 2,544.3 2,590.9 (2)% Gross Income 33.5 1,253.5 1,196.1 5% Operational Income 22.4 840.1 1,132.1 (26)% EBIT 26.8 1,001.8 1,448.2 (31)% T
Slide 14: Financial Highlights: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet (According to TMS 29) $ Million** TL Milyon TL Milyon Changes TL Million Q2 2025 Q2 2025 Q4 2024 % Cash and cash equivalents 80.9 3,214.8 2,326.7 %38 Financial Investments 42.9 1,706.2 3,551.1 %(52) Loans and advances given to customers, net 21.7 862.5
Slide 15: Shareholders of GSD Holding as of Q2 2025
Shareholders of GSD Holding as of Q2 2025 25.5% % M. Turgut Yılmaz GSD Holding (buy-backed shares) 58.6% 11.2% MTY Delta Denizcilik İç ve Dış Ticaret Adeo Turizm Otelcilik Ticaret Limited Şirketi 4.5% Other privileged shareholders 0.1% 0.0% Publicly owned 15
Slide 16: Contact Information
Contact Information www.gsdholding.com.tr +90 216 417 10 08 Investor Relations Department Aynur Zorer Tuğrul Duman Investor Relations Manager Financial Affairs Assistant Manager azorer@gsdholding.com.tr tduman@gsdholding.com.tr