Unlu Yatirim Holding A.s. · BIST:UNLU

Unlu Yatirim Holding A.s — ÜNLÜ Yatırım Holding A.Ş. — 9M25 Earnings Presentation

25 slides from Unlu Yatirim Holding A.s's earnings presentation, November 2025

  1. Slide 1: ÜNLÜ Yatırım Holding A.Ş. 9M25 Financial Results

    ÜNLÜ Yatırım Holding A.Ş. 9M25 Financial Results Investor Relations November 2025 © 2025 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 First 9 Months 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 © 2025 ÜNLÜ & Co | All Rights Rese

  4. Slide 4: 9M25 Financial Results: Key Takeaways

    9M25 Financial Results: Key Takeaways Important Themes in Q3 TL 2,010.7 mn M&A Transactions Following a period of volatility driven by political news flow in first half of the year, the markets began to recover Revenues (*) TL 137.7 mn (+72% q/q) in Q3. The upward trend in BIST continued until the e

  5. Slide 5: I. Financial Statements and Performance

    I. Financial Statements and Performance © 2025 ÜNLÜ & Co | All Rights Reserved

  6. Slide 6: ÜNLÜ Yatırım Holding A.Ş. as of end of 9M25

    ÜNLÜ Yatırım Holding A.Ş. as of end of 9M25 ₺ 1,718.6 mn ₺ 266.1 mn 90% Core Revenues Profit Before Share of Recurring Revenues Monetary Loss and Tax ₺ 5,056 mn ₺ 2,701 mn 28% Total Assets Shareholders’ Equity EBITDA Margin ₺ 33.5 bn ₺ 14.8 bn ₺ 126.7 mn ₺ 6.7 bn DAHA AuC (*) Portfolio Alternative N

  7. Slide 7: Financial Statements and Performance

    Financial Statements and Performance In 9M25, the Company’s Core Revenues (*) decreased by 26% y/y and reached TL 1,718.6 mn. Profit Before Financial Income was TL 500.8 mn in 9M25 and TL 225.2 mn in the last quarter. Summary Income Statement (TL) 9M25 9M24 D YoY Core operating revenues 1,718.6 2,32

  8. Slide 8: Financial Statements and Performance

    Financial Statements and Performance As of end of 9M25; Total Revenues (*) at TL 2,010.7 mn, EBITDA at TL 555.1 mn, Profit Before Monetary Loss and Tax at TL 266.1 mio, Net Loss at TL 198 mn. EBITDA Margin was 28%. Operational profitability 9M25 9M24 DYoY In the third quarter: Extended Revenues 2,01

  9. Slide 9: Financial Statements and Performance

    Financial Statements and Performance As of end of 9M25, consolidated assets were TL 5,056 mn, shareholders’ equity was TL 2,701 mn. Summary Balance Sheet (TL mn) 9M25 12M24 D YtD ? IAS 29 Impact Total Assets 5,056 5,113 -1.1% Current Assets 3,015 3,393 -11.1% Fixed Assets 2,041 1,720 18.6% High Liqu

  10. Slide 10: Financial Statements and Performance

    Financial Statements and Performance 2018 2019 Revenues from business lines reached TL 1,718.6 mn by the end of 9M25 (y/y -26%). 2020 In the last quarter, the momentum and contribution of M&A, Equity Block Sales, and Portfolio Management stood out. Revenues by Business Line (TL mn) 9M25 9M24 D YoY C

  11. Slide 11: II. Developments by Business Lines

    II. Developments by Business Lines © 2025 ÜNLÜ & Co | All Rights Reserved

  12. Slide 12: NPL Business Line

    NPL Business Line * * 1H25 Financial Results (w/o IAS 29, financials submitted to BRSA were taken into account) 9M25 Collections: TL 479 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: 35.6% Total investments in 2025: TL 325.8 m

  13. Slide 13: Revenues from NPL Business Line (Comparative Table)

    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 478,620 4,271,633 1,104,951 743,539 Purchased Principal 6,686,628 45,793,755 11,350,900 9,932,443 Collections / Pur

  14. Slide 14: Corporate Finance Business Line

    Corporate Finance Business Line M&A Transactions 9M25 Revenues: TL 137,7 mn (y/y 13%) 9M24 Revenues: TL 121,5 mn In the third quarter, ÜNLÜ & Co completed one sell-side financial advisory transaction: ➢ Sale of a 30% stake in TUM, the company managing the Corporate Finance Revenues food&beverage are

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

    Investment Advisory: DAHA and Fund Management DAHA 9M25 Revenues: TL 367,5 mn Through our mobile application, which we introduced in line with our digitalization strategy, our customer onboarding from digital channels DAHA: TL 280,7 mn (y/y -24%) accelerated and 94% of the accounts opened in 9M25 ca

  16. Slide 16: Institutional Sales Business Line

    Institutional Sales Business Line Performance of the Business Line 9M25 Revenues: TL 150.1 mn While brokerage activities remained stable in Q3, successful Recurring Revenues: TL 120.4 mn (y/y -17%) equity block sale transactions initiated amid the market recovery contributed positively to revenues.

  17. Slide 17: III. Sustainability

    III. Sustainability © 2025 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: Featured Awards and NGO Partnerships

    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 © 2025 ÜNLÜ & Co | All Rights Reserved

  22. Slide 22: 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: 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 %54,48 %9.95 %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 © 2025 ÜNLÜ & Co | All Rights Reserved 25

ÜNLÜ Yatırım Holding A.Ş. — 9M25 Earnings Presentation on 6ix