Unlu Yatirim Holding A.s. · BIST:UNLU

Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — FY2025 Earnings Presentation

25 slides from Unlu Yatirim Holding A.s's earnings presentation, March 2026

  1. Slide 1: 2025 Full Year Financial Results

    ÜNLÜ Yatırım Holding A.Ş. 2025 Full Year Financial Results Investor Relations March 2026 © 2026 ÜNLÜ & Co | All Rights Reserved

  2. Slide 2: Disclaimer on IAS 29

    Disclaimer on IAS 29 With its decision dated 28.12.2023 numbered 81/1820, Capital Markets Board (“CMB”) of Türkiye announced that the issuers and capital market institutions which are subject to the financial reporting regulations of the Capital Markets Board shall prepare their annual financial sta

  3. Slide 3: Agenda

    Agenda Page 2025 Full Year Financial Results: Key Takeaways 4 I. Financial Statements and Performance 5 II. Developments by Business Lines 11 III. Sustainability 17 IV. Appendices 21 About ÜNLÜ & Co 22 Shareholder Structure and Group Companies 23 Disclaimer 24 © 2026 ÜNLÜ & Co | All Rights Reserved

  4. Slide 4: 2025 Full Year Financial Results: Key Takeaways

    2025 Full Year Financial Results: Key Takeaways TL 2,833 mn Important Themes in Q4 M&A Transactions The upward trend in BIST, which entered a recovery Revenues (*) TL 141.3 mn (+72% y/y) phase in the 3rd quarter, continued in 4th quarter. -21% y/y Istanbul Varlık continued its portfolio acquisitions

  5. Slide 5: I. Financial Statements and Performance

    I. Financial Statements and Performance © 2026 ÜNLÜ & Co | All Rights Reserved

  6. Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 2025

    ÜNLÜ Yatırım Holding A.Ş. as of end of 2025 ₺ 2,473 mn ₺ 388.5 mn 92% Core Revenues Profit Before Share of Recurring Revenues Monetary Loss and Tax ₺ 5,598 mn ₺ 2,815 mn 28% Total Assets Shareholders’ Equity EBITDA Margin ₺ 35.8 bn £ 20.9 mio ₺ 19.7 bn ₺ 156 mn ₺ 8.1 bn DAHA AuC (*) Unlu Sec. UK AuC

  7. Slide 7: Financial Statements and Performance

    Financial Statements and Performance Profit Before Financial Income was TL 189.6 mn in the last quarter. As of end of 2025, Profit Before Financial Income was TL 712.2 mn, while the Company’s Core Revenues (*) decreased by 21% y/y to TL 2,472.7 mn. Summary Income Statement (TL) 12M25 12M24 D YoY Cor

  8. Slide 8: Financial Statements and Performance

    Financial Statements and Performance As of end of 2025; Total Revenues (*) at TL 2,832.9 mn, EBITDA at TL 784 mn, Profit Before Monetary Loss and Tax at TL 388.5 mio, Net Loss at TL 205.9 mn. EBITDA Margin was 28%. Operational profitability 12M25 12M24 DYoY In Q4: Extended Revenues 2,832.9 3,592.7 -

  9. Slide 9: Financial Statements and Performance

    Financial Statements and Performance As of end of 2025, consolidated assets were TL 5,598 mn, shareholders’ equity was TL 2,815 mn. Summary Balance Sheet (TL mn) 12M25 12M24 D YtD ? IAS 29 Impact Total Assets 5,598 5,336 4.9% Current Assets 3,212 3,541 -9.3% Fixed Assets 2,386 1,795 32.9% High Liqui

  10. Slide 10: Financial Statements and Performance

    Financial Statements and Performance 2018 Revenues from business lines reached TL 2,472.7 mn by the end of 2025 (y/y2019 -21%). 2020 In the last quarter, the momentum and contribution of Block Sales, Treasury, Portfolio Management and Global Markets stood out. Revenues by Business Line (TL mn) 12M25

  11. Slide 11: II. Developments by Business Lines

    II. Developments by Business Lines © 2026 ÜNLÜ & Co | All Rights Reserved

  12. Slide 12: NPL Business Line

    NPL Business Line * * 2025 Financial Results (w/o IAS 29, financials submitted to BRSA were taken into account) 2025 Collections: TL 698 mn NPL Sector 2022: TL 7,6 bn NPL Business Line Performance 2023: TL 12,5 bn 2024: TL 32,2 bn, average NPL sales price: 36% Total investments in 2025: TL 614.9 mn

  13. Slide 13: Financial Statements and Performance

    Financial Statements and Performance Revenues from NPL Business Line (Comparative Table) 2018 2019 2020 (000 TL)* İstanbul Varlık Gelecek Varlık Sümer Varlık Birikim Varlık Collections 697,982 5,820,785 1,378,474 1,038,227 Net Profit 228,175 1,498,373 679,727 314,264 Net Profit Margin 32.69% 25.74%

  14. Slide 14: Corporate Finance Business Line

    Corporate Finance Business Line M&A Transactions 2025 Revenues: TL 141.3 mn (y/y 72%) 2024 Revenues: TL 82.3 mn There has been no revenue contribution from M&A in Q4 but three transactions from previous quarters were closed in Q4 with ÜNLÜ & Co acting as the financial advisor: Corporate Finance Reve

  15. Slide 15: Investment Advisory: DAHA and Fund Management

    Investment Advisory: DAHA and Fund Management DAHA Through our mobile application, which we introduced in line with our 2025 Revenues: TL 517.3 mn digitalization strategy, our customer onboarding from digital channels accelerated and 94% of the accounts opened in 2025 came from digital DAHA: TL 392.

  16. Slide 16: Institutional Sales Business Line

    Institutional Sales Business Line Performance of the Business Line 2025 Revenues: TL 237.3 mn Brokerage activity remained vibrant in the last quarter of the year, with ongoing block sales contributing to revenue. In total Recurring Revenues: TL 176.8 mn (y/y -9%) of 3 block sales were completed succ

  17. Slide 17: III. Sustainability

    III. Sustainability © 2026 ÜNLÜ & Co | All Rights Reserved

  18. Slide 18: ÜNLÜ & Co – Sustainability

    ÜNLÜ & Co – Sustainability We are guided by our commitment to “our unique mark towards a sustainable future.” In line with this vision, we aim to create long-term value by emphasizing the importance of sustainability across four dimensions: humanity, society, the environment, and the world. Each yea

  19. Slide 19: ÜNLÜ & Co – Sustainability

    ÜNLÜ & Co – Sustainability In collaboration with the Türkiye Entrepreneurship Foundation, a comprehensive development program has been offered for 10 years to women entrepreneurs who are founders or co-founders. 2024–2025 Term: • Applications from 200+ entrepreneurs across 5 countries and 27 cities

  20. Slide 20: ÜNLÜ & Co – Sustainability

    ÜNLÜ & Co – Sustainability Our Featured Awards ÜNLÜ & Co's Prominent NGO and 2024 & 2025 EUROMONEY SECURITIES HOUSES AWARDS • Best Securities House in Türkiye Association Partnerships 2024 EMEA FINANCE ACHIEVEMENT AWARDS • Best M&A House in CEE, • Best M&A Deal in CEE, • Best M&A Deal in MENA 2024 M

  21. Slide 21: IV. Appendices

    IV. Appendices © 2026 ÜNLÜ & Co | All Rights Reserved

  22. Slide 22: ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History

    ÜNLÜ & Co – Pioneer in the Sector with its Entrepreneurial History 4 Major Business Lines: NPL, Investment Advisory, Corporate Finance and Institutional Sales Pioneering initiatives, Reputable Name DAHA #1 Turkey’s first independent M&A Corporate Finance advisory firm NPL and Investment M&A Advisory

  23. Slide 23: ÜNLÜ & Co – Ownership and Group Structure

    ÜNLÜ & Co – Ownership and Group Structure* ÜNLÜ Portföy UFT Publicly Traded Mahmut L. ÜNLÜ Equity Private (Other) Hedge Fund %35,57 %44,52 %19.91 %100 %32,5 %100 %100 %100 %100 Turkish Alternative ÜNLÜ Portföy ÜNLÜ Menkul İSTANBUL Varlık Piapiri Teknoloji 212 LTD Investments Yönetimi A.Ş. Değerler A

  24. Slide 24: Disclaimer

    Disclaimer This presentation or report has been prepared by ÜNLÜ Yatırım Holding A.Ş. and its affiliates («ÜNLÜ & Co») for information purposes and the information in its content must be considered strictly confidential. It cannot be partially or completely reproduced, copied, used for any other pur

  25. Slide 25: Investor Relations

    Investor Relations Ahi Evran Cad. Polaris Plaza No: 21 İç Kapı No: 11 34485 Maslak, Sarıyer - İstanbul, Türkiye T : +90 (212) 367 36 36 | F : +90 (212) 346 10 40 | E : investor.relations@unluco.com © 2026 ÜNLÜ & Co | All Rights Reserved 25

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