Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q1 2026 Earnings Presentation
16 slides from Gsd Holding A.s's earnings presentation, May 11, 2026
Slide 1: Q1 2026
1c) Holding Q1 2026 Posted on 11 May 2026
Slide 2: GSD Holding at a glance
1986 Q1 2026 Q1 2026 Q1 2026 Established in TL 400 TL 22,029 TL 14,019 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
Finance - Total Assets (as of Q1 2026) Established in TL 2,490 1999 Million 100% Net Income* (as of Q1 2026) Owned by GSD Holding TL 134 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period loss of 144 million TL occurred with the application of TAS
Slide 5: Finance
Finance - Net Income* (as of Q1 2026) Total Assets (as of Q1 2026) TL 126 Million Established in TL 3,119 1994 Million 98.01% Factoring Receivables (as of Q1 2026) Owned by GSD Holding TL 3,025 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period los
Slide 6: Finance
Finance - Total Assets (as of Q1 2026) Established in TL 1,130 2024 Million 100%’ü Net Income* (as of Q1 2026) GSD Holding’e aittir. TL 20 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period loss of 7 million TL occurred with the application of TAS
Slide 7: Maritime
Maritime - GSD Marin Net Loss Total Comprehensive Established in (as of Q1 2026) Income excluding non- 1992 TL 9 controlling interest (as of Q1 2026) & Million Listed on TL 65 BIST Million GSD Shipping Total Assets Established in (as of Q1 2026) 2016 TL 13,956 Million (*) TMS 29 Inflation Accounting
Slide 8: Consolidated Operating Income (According to TMS 29)
Consolidated Operating Income (According to TMS 29) 535.1 517.0 Q1 2026 Q1 2026 42.5 Q1 2025 (14.3) 131.2 Banking Factoring Marine 187.4 Holding 190.5 Varlık Q1 2026 Q1 2025 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*) (*)
Slide 9: Consolidated Operating Income (According to TMS 29)
Consolidated Operating Income (According to TMS 29) 268.7 Q1 2026 Q1 2025 190.5 187.4 174.4 131.2 Breakdown of 89.3 Consolidated 42.5 Operating Income by 19.9 -14.3 -30.3 the Business Segments – TL Million Banking Factoring Marine Holding Varlik (*) Business Sector Shares are illustrated before intr
Slide 10: GSD Marin fleet
Cano Maritime Hako Maritime M/V Cano M/V Hako Nehir Maritime & & M/V Nehir 1 New Order 1 New Order Malta Malta Marshall Islands GSD Marin is the first and the only public 457,681 kDWT – Current cargo carrying All 10 ships that have been in GSD Group are shipping company in Turkey. capacity under man
Slide 11: GSD Shipping fleet
Dodo Maritime Nejat Deniz Selim Guzide GSD 1 Limited GSD 2 Limited GSD 3 Limited Mila Maritime M/V Dodo Neco Maritime Lena Maritime Maritime Maritime Maritime Maritime M/V Mila & 1 New Order M/V Lena 1 New Order 1 New Order 1 New Order M/V S.Selim M/V Nejat M/V Guzide M/V Deniz 1 New Order Marshall
Slide 12: Net Foreign Currency Position
USD Million USD Million +37 Net Foreign +227 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 Q1 2026 Q1 2026 Q1 2025 % Revenue 29.9 1,301.7 1,466.3 %(11) Gross Income 17.9 778.4 800.1 %(3) Operational Income 12.3 535.1 517.0 %4 EBIT 12.5 546.8 659.5 %(17) Tax (net) (
Slide 14: Financial Highlights: Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet (According to TMS 29) $ Million** TL Milyon* TL Milyon* Changes TL Million Q1 2026 Q1 2026 Q4 2025 % Cash and cash equivalents 66.2 2,938.9 4,380.3 %(33) Financial Investments 73.4 3,260.2 3,253.6 %0 Loans and advances given to customers, net 32.9 1,45
Slide 15: Shareholders of GSD Holding as of Q1 2026
Shareholders of GSD Holding as of Q1 2026 25.5% % M. Turgut Yılmaz GSD Holding (buy-backed shares) 56.7% MTY Delta Denizcilik İç ve Dış Ticaret 11.2% Adeo Turizm Otelcilik Ticaret Limited Şirketi Delta Global A.G. 4.5% Other privileged shareholders 0.1% 0.0% 1.9% Publicly owned 15
Slide 16: Contact Information
Contact Information yatirimci@gsdholding.com.tr +90 216 417 10 08 Investor Relations Department Aynur Zorer Tuğrul Duman Investor Relations Manager Financial Affairs Assistant Manager