Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q3 2025 Earnings Presentation
16 slides from Gsd Holding A.s's earnings presentation, Nov 10, 2025
Slide 1: Q3 2025
Q3 2025 Posted on 10 November 2025
Slide 2: GSD Holding at a glance
1986 Q3 2025 Q3 2025 Q3 2025 Established in TL 235 TL 18,141 TL 12,544 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 Q3 2025) Established in TL 2,177 1999 Million Net Income* 100% (as of Q3 2025) Owned by GSD Holding TL 432 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period loss of 51 million TL occurred with the application of TAS 2
Slide 5: Finance - Factoring
Finance - Net Income* (as of Q3 2025) Total Assets (as of Q3 2025) TL 384 Established in Million TL 2,065 1994 Million Factoring Receivables 98.01% (as of Q3 2025) Owned by GSD Holding TL 1,965 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 Q3 2025) Established in TL 765 2024 Million Net Income* 100%’ü (as of Q3 2025) GSD Holding’e aittir. TL 35 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in asset management companies, a period profit of 1.6 million TL occurred with
Slide 7: Maritime
Maritime - GSD Marin Net Income Total Comprehensive Established in (as of Q3 2025) Income excluding non- controlling interest 1992 TL 14 (as of Q3 2025) & Million Listed on TL 630 Million BIST GSD Shipping Total Assets Established in (as of Q3 2025) 2016 TL 11,939 Million (*) TMS 29 Inflation Accoun
Slide 8: Consolidated Operating Income (According to TMS 29)
Consolidated Operating Income (According to TMS 29) 1,848.2 Q3 2025 1,448.5 48.8 Q3 2025 Q3 2024 7.1 309.1 482.3 Banking Factoring Marine Holding 618.9 Varlık Q3 2025 Q3 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) 686.4 618.9 Q3 2025 563.8 526.9 Q3 2024 482.3 Breakdown of 309.1 Consolidated 88.5 Operating Income by 48.8 7.1 -7.7 the Business Segments Banking Factoring Marine Holding Varlik – TL Million (*) Business Sector Shares are illustrated before intra-
Slide 10: GSD Marin fleet
Cano Maritime Hako Maritime M/V Cano M/V Hako Nehir Maritime GSD Ship Finance B.V. & & M/V Nehir (in the liquidation process) 1 New Order 1 New Order Malta Malta Marshall Islands Holland GSD Marin is the first and the only public 415,331 kDWT – Current cargo carrying All 9 ships that have been in GS
Slide 11: GSD Shipping fleet and newbuild orders
Dodo Maritime Mila Maritime Selim Maritime Neco Maritime Lena Maritime Nejat Maritime Guzide Maritime Deniz Maritime GSD 1 Limited GSD 2 Limited M/V Dodo M/V Mila M/V S.Selim & 1 New Order M/V Lena M/V Nejat 1 New Order M/V Deniz 1 New Order 1 New Order 1 New Order Marshall Marshall Marshall Marshal
Slide 12: Net Foreign Currency Position
USD Million USD Million +38 Net Foreign +225 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 Q3 2025 Q3 2025 Q3 2024 % Revenue 101.7 3,917.4 %(2) 3,998.1 Gross Income 53.8 2,074.2 %4 1,990.4 Operational Income 37.6 1,448.4 %(22) 1,848.2 EBIT 45.6 1,755.2 %(24) 2,312.
Slide 14: Financial Highlights: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet (According to TMS 29) $ Million** TL Milyon TL Milyon Changes TL Million Q3 2025 Q3 2025 Q4 2024 % Cash and cash equivalents 82.2 3,412.0 2,501.3 %36 Financial Investments 51.3 2,130.1 3,817.6 %(44) Loans and advances given to customers, net 22.1 917.8
Slide 15: Shareholders of GSD Holding as of Q3 2025
Shareholders of GSD Holding as of Q3 2025 % 25.5% M. Turgut Yılmaz GSD Holding (buy-backed shares) 57.0% MTY Delta Denizcilik İç ve Dış Ticaret 11.2% Adeo Turizm Otelcilik Ticaret Limited Şirketi 4.5% Delta Global A.G. 0.1% Other privileged shareholders 0.0% 1.7% 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