Gedik Yatirim Menkul Degerler A.s. · BIST:GEDIK
Gedik Yatirim Menkul Degerler A.s — Q2 2026 Earnings Presentation
8 slides from Gedik Yatirim Menkul Degerler A.s's earnings presentation, Jul 23, 2026
Slide 1: Gedik Investment 2Q26 Earnings Preview
Gedik Investment 2Q26 Earnings Preview July 23, 2026
Slide 2: 2Q26 Earnings Preview
2Q26 Earnings Preview ➢ Non-financials: Stronger names: We foresee a significant improvement in the profitability of Tüpraş, Petkim, and Aygaz, supported by stronger product cracks, inventory gains, and deferred tax income. We expect Coca-Cola İçecek to deliver strong results, driven by robust inter
Slide 3: 2Q 2026 Gedik Investment Estimates: Banks, Insurance, Non-TAS 29
2Q26 Earnings Preview 2Q 2026 Gedik Investment Estimates (TL mn) 2026/2Q Expected BANKS Net Income QoQ ∆ YoY ∆ Release Date Akbank AKBNK 15.307 -20% 37,6% 28.07.2026 Albaraka Türk ALBRK 1.891 109% 50,6% 6.08.2026 Garanti Bankası GARAN 28.301 -15% -0,1% 30.07.2026 T. Halk Bankası HALKB 7.097 -25% 42,
Slide 4: 2Q 2026 Estimates: Glass, Cement, Automotive, Consumer Durables
2Q26 Earnings Preview Financials reported according to TAS 29 Sector 2Q 2026 Gedik Investment Estimates (TL mn) Expected Revenues QoQ real ∆ YoY real ∆ EBITDA QoQ real ∆ YoY real ∆ Net Income QoQ real ∆ YoY real ∆ Release Date GLASS Şişecam SISE 65.990 7,3% -5,0% 4.620 7,1% -33,8% 3.219 59,7% -8,1%
Slide 5: 2Q 2026 Estimates: Steel, Utilities, Telecom, Mining
2Q26 Earnings Preview Financials reported according to TAS 29 Sector 2Q 2026 Gedik Investment Estimates (TL mn) Expected Revenues QoQ real ∆ YoY real ∆ EBITDA QoQ real ∆ YoY real ∆ Net Income QoQ real ∆ YoY real ∆ Release Date STEEL & IRON Kardemir KARDM 19.971 20,6% 3,4% 2.381 13,5% 56,1% 2.421 912
Slide 6: 2Q 2026 Estimates: Food Retail, Food and Beverage, Healthcare, Oil & Gas
2Q26 Earnings Preview Financials reported according to TAS 29 Sector 2Q 2026 Gedik Investment Estimates (TL mn) Expected Revenues QoQ real ∆ YoY real ∆ EBITDA QoQ real ∆ YoY real ∆ Net Income QoQ real ∆ YoY real ∆ Release Date FOOD RETAIL Bim Mağazaları BIMAS 217.412 -4,6% 7,4% 12.214 12,9% -1,9% 6.
Slide 7: Aggregate 2Q26 Estimates by Group
2Q26 Earnings Preview Banks 2026/2Q 2026/1Q 2025/2Q QoQ ∆ YoY ∆ Net Income 91.859 121.448 87.799 -24% 5% Insurance 2026/2Q 2026/1Q 2025/2Q QoQ ∆ YoY ∆ Net Income 3.723 3.446 2.586 8% 44% Non-TAS 29 - Reported in hard currency 2026/2Q 2026/1Q 2025/2Q QoQ ∆ YoY ∆ Revenues 506.037 413.387 372.810 22% 3
Slide 8: Research Team
Gedik Investment Research Team Ali Kerim Akkoyunlu Research Director Food & Beverage, Catering, Clothing Retail, Defence, Food Retail, Furniture ali.akkoyunlu@gedik.com Serkan Gönençler Chief Economist Macro Economy, Strategy serkan.gonencler@gedik.com Umut Öztürk Manager Auto Parts, Chemicals, Cont
Gedik Yatirim Menkul Degerler A.S. — Q2 2026 Earnings Presentation on 6ix