Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q2 2026 Earnings Presentation
16 slides from Gsd Holding A.s's earnings presentation, Aug 19, 2026
Slide 1: Q2 2026
Q2 2026 Posted on 19 August 2026
Slide 2: GSD Holding key figures Q2 2026
1986 Q2 2026 Q2 2026 Q2 2026 Established in TL 268 TL 23,415 TL 15,233 1986 Million Million Million Net Loss Total Assets Equity Group entities listed on 2 Borsa Istanbul (BIST) (*) TAS 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 2026) Established in TL 2,665 1999 Million 100% Net Income* (as of Q2 2026) Owned by GSD Holding TL 296 Million (*) Although inflation adjustment is not applied by banks under TAS 29, the application of TAS 29 inflation accounting for consolidation purposes resulted
Slide 5: Finance - Factoring
Finance - Net Income* (as of Q2 2026) Total Assets (as of Q2 2026) TL 251 Million Established in TL 3,140 1994 Million 98.01% Factoring Receivables (as of Q2 2026) Owned by GSD Holding TL 3,052 Million (*) Although inflation adjustment is not applied by factoring companies under TAS 29, the applicat
Slide 6: Finance - Asset Management
Finance - Total Assets (as of Q2 2026) Established in TL 1,186 2024 Million 100% Net Income* (as of Q2 2026) Owned by GSD Holding TL 14 Million (*) Although inflation adjustment is not applied by asset management companies under TAS 29, the application of TAS 29 inflation accounting for consolidatio
Slide 7: Maritime
Maritime - GSD Marin Net Profit Total Comprehensive Established in (as of Q2 2026) Income excluding non- 1992 TL 391 controlling interest (as of Q2 2026) & Million Listed on TL 613 BIST Million GSD Shipping Total Assets Established in (as of Q2 2026) 2016 TL 15,067 Million (*) TAS 29 Inflation Accou
Slide 8: Consolidated Operating Income (According to TAS 29)
Consolidated Operating Income (According to TAS 29) 1,127.7 1,109.8 Q2 2026 51.1 (32.2) 301.3 Banking Q2 2026 422.7 Factoring Q2 2025 Marine Holding 390.0 Varlık Q2 2026 Q2 2025 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*)
Slide 9: Consolidated Operating Income (According to TAS 29)
Consolidated Operating Income (According to TAS 29) 529.6 Q2 2026 422.7 390.0 Q2 2025 382.2 301.3 206.1 Breakdown of Consolidated 51.1 Operating Income by -32.2 -14.0 23.2 the Business Segments Banking Factoring Marine Holding Varlik – TL Million (*) Business Sector Shares are illustrated before int
Slide 10: GSD Marin fleet and newbuilding contracts
Cano Maritime M/V Cano Hako Maritime Nehir Maritime & 1 New Order M/V Nehir 1 New Order Malta Malta Marshall Islands GSD Marin is the first and the only public shipping 395,096 DWT – Current cargo carrying Hako Maritime has been signed purchase company in Turkey. capacity under management. agreement
Slide 11: GSD Shipping fleet
Mila Selim Dodo Maritime Neco Lena Nejat Guzide Deniz GSD 1 GSD 2 GSD 3 GSD 4 Maritime Maritime M/V Dodo& Maritime Maritime Maritime Maritime Maritime Limited Limited Limited Limited M/V Mila M/V S.Selim 1 New Order 1 New Order M/V Lena M/V Nejat M/V Guzide M/V Deniz 1 New Order 1 New Order 1 New Or
Slide 12: Net Foreign Currency Position
USD Million USD Million +35 Net Foreign +238 Currency Position GSD Holding Unconsolidated GSD Holding Consolidated 12
Slide 13: Financial Highlights: Consolidated Income Statement
Financial Highlights Consolidated Income Statement (According to TAS 29) $ Million** TL Million TL Million Changes TL Million Q2 2026 Q2 2026 Q2 2025 % Revenue 62.4 2,773.7 3,361.1 %(17) Gross Income 33.9 1,506.5 1,503.6 %0 Operational Income 25.3 1,127.7 1,109.8 %2 EBIT 35.3 1,570.5 1,323.5 %19 Tax
Slide 14: Financial Highlights: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet (According to TAS 29) $ Million** TL Milyon* TL Milyon* Changes TL Million Q2 2026 Q2 2026 Q4 2025 % Cash and cash equivalents 83.7 3,900.3 4,687.3 %(17) Financial Investments 76.2 3,549.8 3,481.6 %2 Loans and advances given to customers, net 32.4 1,51
Slide 15: Shareholders of GSD Holding as of Q2 2026
Shareholders of GSD Holding as of Q2 2026 25.5% % M. Turgut Yılmaz GSD Holding (buy-backed shares) 54.7% MTY Delta Denizcilik İç ve Dış Ticaret 12.4% Adeo Turizm Otelcilik Ticaret Limited Şirketi 4.5% Delta Global A.G. Other privileged shareholders 0.1% 0.0% 2.7% Publicly owned 15
Slide 16: Contact Information
Contact Information yatirimci@gsdholding.com.tr +90 216 417 10 08 Investor Relations Department Aynur Zorer Tuğrul Duman Investor Relations Manager Financial Affairs Assistant Manager