Emlak Konut Gayrimenkul Yatirim Ortakligi A.s. 0 % Certificates 2025-31.12.2199 · BIST:DMLKT
Emlak Konut Gayrimenkul Yatirim Ortakligi A.s. 0 % Certificates 2025-31.12.2199 — Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. — FY2025 Earnings Presentation
29 slides from Emlak Konut Gayrimenkul Yatirim Ortakligi A.s. 0 % Certificates 2025-31.12.2199's earnings presentation, Jan 20, 2026
Slide 1: 2025 Sales Results and 2026 Strategic Targets
2025 Salesresults 2026 Strategıctargets BUILDING THE FUTURE TOGETHER 20january2026İSTANBUL
Slide 2: Emlak Konut REIC Milestones
EmlakkonutREICS MILESTONES A success story built on 73 years of trust. %50,6 297 ,8 297.8 Billion TL Free float Total assets 2002 %25 2013 2018 2025 q3 Free float Emlak Emlak Konut Second Public Türkiye’s attained REıc Offering and Planlama Proje Largest 1953 status in 2002. 2010 Capital Increase 20
Slide 3: Emlak Konut by Numbers
Emlak Konut byNumbers Türkiye’s Largest Real Estate Investment Company* TOtal SOURCE PROJE ct Socıalamenıtıes DEVELOPMENT management 442 PROJE cts 307 tenders 135 tenders 7 Healthcare Facilities 260.765 unıts 128unıts Revenue 334,8 bıllıon Project TL Management Volume 53 Educatıonal facılıtıtes 419,
Slide 4: Agenda
•Emlak Konut in Numbers. •Emlak Konut in Numbers. •Emlak Konut in Numbers. •Emlak Konut in Numbers. •Emlak Konut in Numbers. •Emlak Konut in Numbers. Emlak Konut 1 byNumbers Macroeconomic 2 Developments and the Real Estate Sector 2025 Results and 3 2026 Targets OurSubsidiariesand 4 Sustainability EK
Slide 5: 2025 Macroeconomic Indicators
2025Macroeconomic Indicators % GROSS DOMESTIC PRODUCT % CBRT POLICY RATE 8 7,2 7 50 55 50 50 50 48 7 6,4 45 50 5 43 43 41 6 40 45 5,6 5 5 38 5 5 35 40 4 4,8 30 35 4 4 30 3 4 30 3 3 25 3 25 3,2 2 2 20 15 20 2,4 1 15 15 9 0,5 10 1,6 10 0,25 5 0,8 5 0 0 0 0 I II III IV I II III IV I II III IV I II III
Slide 6: Real Estate Sector: Turkey Housing Sales
REAL ESTATE SECTOR Turkey Housing Sales Average annual housing sales over the Home Home last five years have been approximately %57 Ownership % Rate 68 Ownership Rate 1.5 million units. Despite high interest Türkiye EUROPE rates, mortgaged housing sales increased AVERAGE AVERAGE source: TÜİK by 53.5
Slide 7: Housing Need in Türkiye
REAL ESTATE SECTOR HOUSING NEED IN Türkiye Turkey's housing sales are projected to remain around 1.5 million units annually for the next five years. This 800k 88mıllıon demand stems from factors such as population growth, the ongoing urban transformation process, and the annual 2030türkiye’s Newhous
Slide 8: Macroeconomic Indicators: Total Money Supply
Macroeconomic Indicators TOTAL MONEY SUPPLY 25,6 7000000 1750000 13000000 12000000 9.000.000 6000000 11000000 tıllıon %37,5 1400000 10000000 5000000 7.500.000 9000000 Components’ Contribution to Annual 4000000 8000000 1050000 Growth 6.000.000 7000000 6000000 3000000 4.500.000 700000 %20,7 %12,2 5000
Slide 9: 2025 Sales Performance
2025salesperformance TARGET REALIZATION %135 TOTAL UNIT NUMBERsales OF TOTAL UNIT GROSS SQM SALES VALUE 8.044 unıts 994.782 sqm 104 bıllıon TL 104 1.628 52,8 10.914 51,3 8.044 6.029 1.027 994 27,6 5.678 778 1.976 4.171 325 727 848 17,2 5.641 15,2 2,8 2019 2020 2021 2022 2023 2024 2025 2019 2020 2021
Slide 10: 2025 Tender Performance
2025tenderperformance 66tenders 86 14 5 13 26 8 Revenue Construction Urban Earthquake Consultancy Sharing Work Transforma Zone 66 tion 55 44 2025 2025 2025 23 16 9 18.141 2,8mıllıonsqM 266bıllıon UNITS unıts Constructıon area Tendervalue 2019 2020 2021 2022 2023 2024 2025 EKGYO – JANUARY 2026 10
Slide 11: Earthquake Zone, Urban Transformation and Consultancy Projects
Total Ongoing 12 14 258 2 Number of Unit Sales Earthquake Urban Consultancy Revenue 487 UNITS Zone Transformation Sharing Total Unit Sales Value (incl. VAT) 6,26 bıllıon TL 6.8 5.35 Total Units Gross sqm bıllıonTL bıllıonTL 2,99 56.017 sqm bıllıon Appraısal value 316 bin sqm Company value Totalasset
Slide 12: Services: Elevator Sales and Projects
3.061 195 ServiceS PROJECTS ELEVATOR SALES TOTAL ASSETS 5,1 5,5 4500000 FACTORY 6 bıllıonTL AREA bıllıonTL 2172 2512 70.000 sqm 5 UNITS 1300 UNITS 1,8 4 2250000 3 UNITS bıllıonTL TOTAL ELEVATOR SALES ESCALATOR SALES 2 6.193 UNITS 34 UNITS 1 0 0 2023 2024 2025 2023 2024 2025 EKGYO – JANUARY 2026 12
Slide 13: EV Charging Network
868 STATIONS AND 1,040 SOCKETS IN 8 PROVINCES ACROSS TÜRKİYE RANKED 7th AMONG CHARGING NETWORK OPERATORS IN TÜRKİYE (According to EMRA/EPDK socket count data) İSTANBUL |ADIYAMAN |İZMİR ANKARA |KAHRAMANMARAŞ ÇORUM |BALIKESİR |HATAY EKGYO – JANUARY 2026 13
Slide 14: Hayat Mekke Projects, Saudi Arabia
EMLAK KONUT GLOBAL LLC MISA Ministry of Investment NHC EKGYO National Housing Emlak Konut Saudi Arabia Company REIC Hayat mekke projeCTS 2025TARGET ACHIEVED 1014 400 million USD vİllaS PROJECT SIZE EKGYO – JANUARY 2026 14
Slide 15: Sustainability
SUSTAINABILITY ENERGY INSULATION WASTE WASTEWATER MANAGEMENT MANAGEMENT MANAGEMENT 17.690 UNITS Wasteoilseparation 76.298 Savings equivalent to one year of residential consumption 176.876 251TON/YEAR HOUSES with greywatersystem 10.900 Naturalgassavings 201 Waste used in WATER SAVINGS Production equi
Slide 16: 2026 Targets
2026TARGETS 13,1 BILLION TL 60 135,2 NET PROFIT BILLION TL TENDERS SALES REVENUE EKGYO – JANUARY 2026 16
Slide 17: Strong Finance
STRONG FINANCE A GLOBAL COMPETIT ASSET SIZE FINANCING DIVERSITY FINANCIAL HEALTH AND LIQUIDITY REVENUE DIVERSIFICATION EFFECTIVE RISK MANAGEMENT AND CONTROL PROCESS EFFICIENCY EKGYO – JANUARY 2026 17
Slide 18: 2025 Overview
2025 OVERVIEW TOTAL ASSETS EQUITY TREADE RECEIVABLES OFF-BALANCE SHEET RECEIVA 297,8 24,8bıllıontl 33,6bıllıonTL bıllıonTL 128,9 bıllıonTL TOTAL RECEIVABLES FINANCIAL DEBT DEFERRED INCOME AND ORDER ADVANCES 58,4bıllıonTL 39 104 bıllıonTL bıllıonTL 2025 NET PROFIT FITCH RATINGS CREDIT SCORE TARGET SU
Slide 19: Revenue Sharing Model Projects
Revenue sharıngmodelprojects PROJECT NAME COMPANY’S MİN. BOOK VALUE PROJECT NAME COMPANY’S MİN. BOOK VALUE MİN GUARANTEED NO MİN GUARANTEED PROFİT NO GUARENTEED REVENUE GUARENTEED REVENUE PROFİT 18 PARK YAŞAM ANTALYA 2.999.402.512 454.476.582 2.544.925.930 1 CER İSTANBUL 730.849.904 257.285.179 473.
Slide 20: 2025 Overview: Strong Collateral Structure
2025overvıew StrongCollateralStructure TMKS EKGYO First Asset Financing Fund TotalReceivables DefaultRate BankLoans 50 58,4bıllıonTL < %0,1 %43,8 bıllıonTL lİMİT LandAcquisition Sukuk TMKS EKGYO First Participation Asset 55,1bıllıontl Financing Fund %41,4 50 City / Region Appraisal Value (Billion TL
Slide 21: Land Portfolio
Landportfolıo NO cıty / regıon Land area (sqm) Book value (TL) appraısalvalue (TL) NO cıty / regıon Land area (sqm) Book value (TL) appraısalvalue (TL) İSTANBUL ARNAVUTKÖY 1 2 parcels İSTANBUL ATAŞEHİR parcels 895.814 2.381 1.108.145.904 1.430 1.229.307.000 106.168.855 16 İZMİR SEFERİHİSAR parcels 1
Slide 22: Multipliers
BASE VALUE OF LAND AT THE TIME OF multıplıers THE TENDER COMPAN Y'S SHARE IN TOTAL TENDER VALUE COMPA NY'S completed (bıllıonTL) 70,00 ongoıng Devam Eden (MİLYAR TL) (bıllıonTL) SHARE IN 25,00 22,95 59,80 TOTAL 60,00 REALIZE D VALUE 20,00 50,00 15,08 15,00 40,00 30,00 10,00 7,88 20,00 18,37 5,00 10,
Slide 23: IR Perspective
IR PERSPECTIV NET ASSET VALUE MEETINGS SHARE PERFORMANCE REPORTS AND PRESENTATIONS OUR NATIONAL AND GLOBAL SUBSIDIARIES EKGYO – JANUARY 2026 23
Slide 24: Net Asset Value
NET ASSET VALUE TOTAL ASSETS 297.757.619 .000TL APPRAISAL VALUE OF LAND STOCK LAND AND HOUSING INVENTORY COST 197.852.007.000 TL 73.461.938.000 TL COMPANY SHARE OF TOTAL REVENUE FOR RSM PROJECTS 92.950.869.000 TL COST OF INVESTMENT PROPERTY 6.832.027.000 TL COST OF PURCHASE + PROGRESS(TURNKEY) PAYME
Slide 25: Net Asset Value: P/NAV
NET ASSET VALUE P / NAV 0,49 SHARE PRICE - NET ASSET VALUE 180.000.000 25 160.000.000 20 140.000.000 120.000.000 15 100.000.000 80.000.000 10 60.000.000 40.000.000 5 20.000.000 - 0 2020 2020 2020 2020 2021 2021 2021 2021 2022 2022 2022 2022 2023 2023 2023 2023 2024 2024 2024 2024 2025 2025 2025 Q1 Q
Slide 26: Investor Meetings and Share Performance
ANALİST MEEITNGS EKGYO – JANUARY 2026 0,00 5,00 10,00 15,00 20,00 MEETINGS CERTIFICATE 06/01/2025 13/01/2025 20/01/2025 27/01/2025 03/02/2025 TSRS 405 MEETINGS 10/02/2025 MEETIGNS 17/02/2025 24/02/2025 03/03/2025 10/03/2025 17/03/2025 24/03/2025 TMKŞ 02/04/2025 170 110 40 35 MEETINGS 07/04/2025 14/0
Slide 27: 2025 Investor Relations at a Glance
2025 Investor Relations at a Glance 521 INVESTOR INFORMATION TOOLS 27 PDP PUBLISHED NOTIFICATIONS REPORTS EKGYO – JANUARY 2026 27
Slide 28: Our Subsidiaries
OUR SUBSIDIARIES EKGYO – JANUARY 2026 28
Slide 29: Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş.
| awed fo EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI A.S. T.C. CEVRE, SEHIRCILIK VE iKLIM DEGISIKLIGi BAKANLIGI TOKI iSTIRAKIDIR.
Emlak Konut Gayrimenkul Yatırım Ortaklığı A.Ş. — FY2025 Earnings Presentation on 6ix