Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Investor Presentation (November 2025)
46 slides from Inveo Yatirim Holding As's investor presentation, November 2025
Slide 1: Inveo Yatırım Holding Investor Presentation 2025 Q3
Inveo Yatırım Holding Investor Presentation – 2025 Q3 November 2025
Slide 2: Disclaimer
Disclaimer The contents of this presentation have been prepared by Inveo Yatırım Holding Anonim Şirketi (“the Company”) for the purpose of providing general information available at the date of this presentation. The Company relies on information gathered from sources it believes to be reliable, but
Slide 3: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 3
Slide 4: Inveo: New Generation Value Investor
Inveo: New Generation Value Investor OUR VISION SOCIAL VALUES Through our investments and the value we add to the companies we invest in, we Training for increasing savings and are relentlessly moving toward our vision conscious savings, of achieving $1.7 billion in market value by 2028. Increased p
Slide 5: Our Journey: Since Our Establishment
Since Our Establishment Our Journey Making a Difference Continues PREPARATION & TRANSFORMATION Innovation &Technology Vision in Investment in a Story that started with Capital Markets… 2025 Q3 Transformation 2024 • Transformation 2023 Transfers of HiVC à TURPE Development New After the Investments S
Slide 6: Experienced Board Members
We are Travelling to the Future with Experienced Board Members 46+ years of experience 17+ years of experience 26+ years of experience 40+ years of experience 46+ years of experience Erhan Topaç Onur Topaç Bora Oruç Rüya Eser Ahmet Aka Chairman Vice Chair of the Independent Board Independent Board B
Slide 7: Inveo Yatırım Holding at a Glance (2025 Q3)
Inveo Yatırım Holding at a Glance (2025 Q3) Ortaklık Yapısı Buy Back Shares % 0,83 Erhan Topaç % 81,02 Free Float 14,2 2,79 14,2 % 18,15 BN TL BN TL BN TL Capital 1 BN TL %37 %26 %37 Registered Capital Ceiling 3 BN TL L.T. Financial L.T. Financial Total Assets Ø Gedik Yatırım Capital Increase Invest
Slide 8: Corporate Profile
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 8
Slide 9: Our Investment Strategy: Right Time Right Value
Our Investment Strategy: Right Time Right Value We Create Value from Entry to Exit with Our Investments Our Investment Focus We invest Right Right Direct Financial investments in Time Value markets emerging investments sectors We exit Venture sustainable & game-changing with unity and synergy capita
Slide 10: We Grow Together with Our Stakeholders
We Grow Together with Our Stakeholders In our ecosystem that creates value as a whole with all our stakeholders, we grow with speed and dynamism and create sustainable synergies. Financial Investments Our Partners in Investments Business Partners Companies we have established Direct and Indirect Inv
Slide 11: We Monitor Our Ecosystem in 4 Main Areas of Activity
We Monitor Our Ecosystem in 4 Main Areas of Activity INVEO YATIRIM HOLDİNG AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL OTHER INVESTMENTS %84,87 %96,98 %88,03 %100 %100 %91,3 %100 Note: The ratios in the table are effective ownership ratios. 11
Slide 12: Inveo Ecosystem
Capital Markets Crypto Inveo Ecosystem Banking 116 98 Number of Technology Companies Companies Number of Ecosystem 7 109 Direct Indirect Venture Investment Investment Capital 129,2 MN USD 38,1 MN USD Total Investments Total Exits Other Investments 12
Slide 13: Investment Strategy and Inveo Ecosystem
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 13
Slide 14: Gedik Yatırım Shows Strong Performance on the Road to Leadership
Effective Gedik Yatırım Shows Strong Performance on the Road to Leadership Ownership 84.87% Strong Financial Indicators* (Million TL) Largest Branch Network and Developments in 2025 Q3 Number of Employees in the Sector Bond Issue Limit Applications Equity Net Profit The company's application for a 5
Slide 15: We Increased Our Share in Gedik Yatırım through Share Purchase Agreements
We Increased Our Share in Gedik Yatırım through Share Purchase Agreements Within the framework of the agreements made in 2022; 2021 2022 Inveo Yatırım Holding, for 41.83% shares of Gedik Effective Effective Ownership Ownership Yatırım; Erhan Topaç and Hakkı Gedik, with a maturity 43.04% 84.87% until
Slide 16: Misyon Bank Grows in the Market with Its Unique Platforms
Misyon Bank Grows in the Market with Its Unique Platforms Effective Ownership 96.98% Shareholder Structure Critical Developments Subsidiaries June Launched with an experienced team. 2023 Gedik Yatırım 20% January Financial Technologies Subsidiary 2024 MisyonTech Established. Misyon Destek ve Inveo Y
Slide 17: Misyon Yatırım Bankası 3rd Quarter Developments
Misyon Yatırım Bankası 3nd Quarter Developments Etkin Sahiplik Oranı %96,98 45 Billion TL Expanding Correspondent Cross-Border Transfers 1. 2. 3. Custody Asset Size Banking Network Processed Within Minutes Misyon Bank's digital custody platform, Anakasa, Misyon Bank has quickly established a network
Slide 18: Inveo Portfolio Moves Forward with New Management
Inveo Portfolio, Moves Forward with New Management in Line with Its Vision Strong Financial Indicators Number of Funds and Fund AuM – 2025 Q3 Developments in 2025 Q3 (Million TL) Capital Increase Without Equity Net Profit (Loss) 44 23,03 Billion TL Consideration The Company applied to the CMB on 139
Slide 19: Inveo Ventures Continues Steady Growth
Inveo Ventures Continues Steady Growth Effective Ownership 88.03%** Developments in 2025 Q3 Shareholder Structure Investment Portfolio Inveo Ventures PERKS program created: Inveo TOTAL 36 Perks – $2 million USD + Savings: "In line with our goal of 22 4 Ventures GSYF 6% STARTUP VCIF 87 supporting the
Slide 20: Inveo Ventures' Investment Portfolio is Growing
Inveo Ventures' Investment Portfolio is Growing Effective Ownership %88,03 22 4 Direct Investments VCIF BIE BVG IV3 BUG 1. Gaming ve Boğaziçi Co- Investment Inveo Ventures Esports GSYF Ventures GSYF GSYF Spark GSYF 2 Startups 41 Startups 11 Startups 11 Startups KONSOLİDE Kidokit 87 Startups +9,3 Mil
Slide 21: TURPE, the Hub for Private Equity Investments
TURPE, the Hub for Private Equity Investments in the Ecosystem Effective Ownership %91,3 Shareholder Structure Investment Focus Investment Portfolio With a certain business volume and history, Inveo Yatırım Holding %44 Operating in a sector with growth potential, Gedik Yatırım Number of Portfolio Co
Slide 22: Developments from Holding and Selected Companies
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 22
Slide 23: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDING AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL OTHER INVESTMENTS 11.742 MN TL 1.850 MN TL 371 MN TL 77 MN TL 199 MN TL 133 MN TL 154 MN TL Ratio of non-Gedik Yatırım investments to total investments was 1.8% at the end of 2
Slide 24: 2025 Q3 Value Changes of Financial Investments
2025 Q3 Value Changes of Financial Investments Value Increase/ Long Term Financial 31 December 2024 Net Investment / Sale Capital Increase / Advance Net Value Increase / 30 September Decrease Rate Investments (Million TL) Value (A) (B) (C) Decrease (D) 2025 Value (E) ((E-A)/A) Capital Markets 9.322
Slide 25: We are Implementing the Simplification Plan in Our Investments
We are Implementing the Simplification Plan in Our Investments Key Financial Indicators Long-Term Financial Investments Number of Direct and Indirect (Milyon TL) (Million TL) (Million TL) Investments 18.000 YTD 14.176 16.000 %24 YTS 14.284 936 116 14.000 13 12.605 11.412 7 11.453 103 12.000 8 1.775
Slide 26: INVEO Stock Performance from the Beginning of 2024
INVEO Stock Performance from the Beginning of 2024 01.01.2024 - 31.12.2024 01.01.2024 – 30.09.2025 01.01.2025 – 31.09.2025 Rate of Change Rate of Change Rate of Change INVEO (%27) %4 %42 USD/TL %19 %41 %18 BIST 100 Index %30 %46 %12 BIST Holding and Investment %33 %60 %20 Index 200 INVEO 150 INVEO ➢
Slide 27: Financial Results
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 27
Slide 28: Inveo Yatırım Holding Completes Simplification Plan
Inveo Yatırım Holding Completes Simplification Plan INVEO YATIRIM HOLDİNG SIMPLIFICATION PLAN PRE-SIMPLIFICATION POST-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Realized Transfers CAPITAL MARKETS BIE - 1. Gaming ve Esports GSYF BANKING BANKING Finveo Yatırım Holding Transformation Alfa
Slide 29: Inveo Increases Efficiency with Simplification Plan
Inveo Yatırım Holding Increases Efficiency with Simplification Plan INVEO YATIRIM HOLDİNG – PRE-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Objectives • To increase organizational and operational efficiency, BANKING • To make effective resource management, • To benefit more from the VENT
Slide 30: Inveo Completes Transfer of Selected Investments under Simplification Plan
Inveo Completes Transfer of Selected Investments under Simplification Plan Transferee Gedik Yatırım enters the Crypto Asset Area. HiVC's Investment Transferred Strategy Changed in 2024. The Area of BIE - 1. Gaming ve Technology Entrepreneurship Esports GSYF will be gathered in Ventures. BUG The Fint
Slide 31: Technology Entrepreneurship Area to be Gathered under Inveo Ventures
Technology Entrepreneurship Area to be Gathered under Inveo Ventures Pre-Simplification Investments Post-Simplification Investments 6 STARTUP 1 VCIF TOTAL 9 2 22 +14 New 4 +2 New 87 STARTUP VCIF STARTUP VCIF STARTUP 1 5 All 12 planned startups have been successfully transferred. As of September 30,
Slide 32: International Capital Markets Companies to be Managed Under One Roof
International Capital Markets Companies to be Managed Under One Roof We are gathering the Process Steps companies we have Alfa Beta invested in different Inveo Alfa and Inveo Beta countries in the field of 1. have merged under capital markets on Inveo Alfa. a global scale under Alfa one roof within
Slide 33: Private Equity Investments will Accelerate with TURPE
Private Equity Investments will Accelerate with TURPE Process Steps TURPE's primary investment focus and strategy are centered around Series HiVC's name will be changed 1. B/above and Pre-IPO level SME to TURPE. companies that; • Have financial performance that A capital increase will be can be impr
Slide 34: Post-Simplification Plan Investments
Inveo Yatırım Holding – Post-Simplification Plan Investments INVEO YATIRIM HOLDİNG INVEO VENTURES CAPITAL MARKETS TOTAL 22 +14 New 4 +2 New 87 BANKING STARTUP VCIF STARTUP VENTURE CAPITAL TURPE * TOTAL STARTEGIC INVESTMENTS 4 STARTUP *The registration regarding the process of increasing the capital
Slide 35: 2024 Simplification Plan
1. Corporate Profile 2. Investment Investment Strategy Strategy and and Inveo Inveo Ecosystem Ecosystem 3. Developments Developments from from Holding Holding and and Selected Selected Companies Companies 4. Financial Results 5. 2024 Simplification Simplification Plan Plan 6. 2025 2025Targets Target
Slide 36: What will happen at Inveo Yatırım Holding in 2025?
What will happen at Inveo Yatırım Holding in 2025? INVEO GEDİK YATIRIM MİSYON BANK INVEO VENTURES INVEO PORTFÖY TURPE • Inveo Yatırım • Gedik Yatırım aims • Mission Yatırım • Inveo Ventures • Inveo Portföy, under • Turpe GSYO, by Holding plans to to reach a wider Bankası aims to aims to add value to
Slide 37: 2025 Targets
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 37
Slide 38: Improvement in Key Financial Indicators Continues (Except TAS 29)
Improvement in Key Financial Indicators Continues (Except TAS 29) (Million TL) Key Financial Indicators 15.500 140% 13.410 13.500 120% %119 11.731 11.500 %101 100% 9.500 8.857 80% 7.656 7.586 76% 7.500 %68 6.302 60% 5.500 4.310 7,066 40% 3.500 %36 3.209 3.170 1.971 1.500 1.224 1.165 1.184 20% 771 70
Slide 39: Inveo Ecosystem Continues to Gain Value with New Investments
Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29) Long Term Financial Investments (Million TL) Direct and Indirect Investments (Quantity) YTD 151 18 0 CAGR 15 0 %62 13.302 13 16 0 1.913 132 13 0 YTD 16 %51 116 14 0 110 12 0 105 17 103 8.825 7 90 1.671 10 0 17 8 7.516 1.139
Slide 40: Our Financial Investments Gained Value (Except TAS 29)
Our Financial Investments Gained Value in 2025 Q1 (Except TAS 29) Long Term Financial 31 December 2024 Net Investment / Sale Capital Increase / Advance Net Value Increase / 30 September 2025 Value Increase Rate Investments (Million TL) Value (A) (B) (C) Decrase (C) Value (E) ((E-A)/A) Capital Market
Slide 41: Financial Results (Except TAS 29)
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial AppendixResults (Except TAS 29) 8. Financial 8. AppendixResults (Except TAS 29) 41
Slide 42: TAS 29 Financial Statement Effects
TAS 29 Financial Statement Effects Million TL 2025 Q3 Indexation of Financial Investments 2.380 Retained Earnings (1.755) Paid-in Capital (254) Deferred Taxes (58) Indexation Effect of Profit or Loss Items (13) Legal Reserves (13) Share Premiums Buy-back Shares (12) TOTAL 35 TAS29 EFFECT Defined Ben
Slide 43: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2024 2025 Q3 Change % Million TL 2024 Q3 2025 Q3 Change % Current Assets 39 108 172 Revenue (2.535) 2.663 AD Financial Investments 28 69 145 Cost of sales (246) (41) (83) Non Current Assets 11.414 14.176 24 Gross P
Slide 44: Inveo – IFRS Condensed Financial Statements (Except TAS 29)
Inveo – IFRS Condensed Financial Statements (Except TAS 29) Balance Sheet Income Statement Million TL 2024 2025 Q3 Change % Million TL 2024 Q3 2025 Q3 Change % Current Assets 31 108 242 Revenue 693 4.411 536 Financial Investments 22 69 207 Cost of sales (136) (41) (70) Non Current Assets 8.826 13.30
Slide 45: Changes in Capital Share and Share Ratios in Direct Investments
Changes in Capital Share and Share Ratios in Direct Investments DIRECT FINANCIAL 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q3 INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik
Slide 46: Thank You
Investor Relations Contact Nilay Tulum Investor Relations Manager Thank You +90 216 453 00 33 ir@inveo.com.tr Links Annual Reports Financial Statements IR section of the Inveo Yatırım Holding website
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