Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Q2 2025 Earnings Presentation
46 slides from Inveo Yatirim Holding As's earnings presentation, August 2025
Slide 1: Inveo Yatırım Holding Investor Presentation 2025 Q2
Inveo Yatırım Holding Investor Presentation – 2025 Q2 August 2025
Slide 2: Disclaimer
Disclaimer The contents of this presentation have been prepared by Inveo Yatırım Holding Anonim Şirketi (“the Company”) for the purpose of providing general information available at the date of this presentation. The Company relies on information gathered from sources it believes to be reliable, but
Slide 3: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 3
Slide 4: Inveo: New Generation Value Investor
Inveo: New Generation Value Investor OUR VISION SOCIAL VALUES Through our investments and the value we add to the companies we invest in, we are Training for increasing savings and relentlessly moving toward our vision of conscious savings, achieving $1.7 billion in market value by 2028. Increased p
Slide 5: Since Our Establishment Our Journey Making a Difference Continues
Since Our Establishment Our Journey Making a Difference Continues PREPARATION & TRANSFORMATION Innovation &Technology Vision in Investment in a Story that started with Capital Markets… 2025 Q2 2024 Transformation • Transformation of 2023 HiVC TURPE New Investments Transfers The Birth of Inveo • In
Slide 6: We are Travelling to the Future with Experienced Board Members
We are Travelling to the Future with Experienced Board Members 46+ years of experience 17+ years of experience 26+ years of experience 40+ years of experience 46+ years of experience Erhan Topaç Onur Topaç Bora Oruç Rüya Eser Ahmet Aka Chairman Vice Chair of the Board Independent Board Independent B
Slide 7: Inveo Yatırım Holding at a Glance (2025 Q2)
Inveo Yatırım Holding at a Glance (2025 Q2) Shareholder Structure Erhan Topaç Buy Back Shares 81.02 % 0.85 % Free Float 17.1 2.63 17.4 18.13 % BN TL BN TL BN TL Capital 1 BN TL Registered Capital Ceiling 3 BN TL 52% 17% 49% Dividend Earnings A dividend income of 424.3 million TL was obtained from
Slide 8: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 8
Slide 9: Our Investment Strategy: Right Time Right Value
Our Investment Strategy: Right Time Right Value We Create Value from Entry to Exit with Our Investments Our Investment Focus We invest Right Time Right Value Direct investments Financial markets in emerging investments sectors We exit Venture capital sustainable & game-changing with unity and synerg
Slide 10: We Grow Together with Our Stakeholders
We Grow Together with Our Stakeholders In our ecosystem that creates value as a whole with all our stakeholders, we grow with speed and dynamism and create sustainable synergies. Financial Investments Our Partners in Investments Business Partners Companies we have established Direct and Indirect Inv
Slide 11: We Monitor Our Ecosystem in 4 Main Areas of Activity
We Monitor Our Ecosystem in 4 Main Areas of Activity INVEO YATIRIM HOLDİNG AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL OTHER INVESTMENTS 84.87% 96.98% 94.03% 100% 91.3% 100% 100% Note: The ratios in the table are effective ownership ratios. 11
Slide 12: Inveo Ecosystem
Capital Markets Crypto Inveo Ecosystem Venture Capital 105 71 Number of Technology Companies Companies Number of Ecosystem 7 98 Direct Indirect Investments Investments Banking 129.2 MN USD 39.5 MN USD Total Investments Total Exits Other Investments 12
Slide 13: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 13
Slide 14: Gedik Yatırım Shows Strong Performance on the Road to Leadership
Effective Gedik Yatırım Shows Strong Performance on the Road to Leadership Ownership 84.87% Strong Financial Indicators* (Million TL) Largest Branch Network and Number of Developments in 2025 Q2 Employees in the Sector TRY 500 Million Dividend Distribution Equity Net Profit On 19 June 2025, as of th
Slide 15: We Increased Our Share in Gedik Yatırım through Share Purchase Agreements
We Increased Our Share in Gedik Yatırım through Share Purchase Agreements Within the framework of the agreements made in 2022; Inveo 2021 2022 Yatırım Holding, for 41.83% shares of Gedik Yatırım; Erhan Topaç Effective Ownership Effective Ownership and Hakkı Gedik, with a maturity until 2026 460.5 mi
Slide 16: Misyon Bank Grows in the Market with Its Unique Platforms
Misyon Bank Grows in the Market with Its Unique Platforms Effective Ownership 96.98% Shareholder Structure Critical Developments Subsidiaries June Launched with an experienced team. 2023 Gedik Yatırım 20% January Financial Technologies Subsidiary MisyonTech 2024 Established. Misyon Destek ve Finansa
Slide 17: Misyon Yatırım Bankası 2nd Quarter Developments
Effective Misyon Yatırım Bankası 2nd Quarter Developments Ownership 96.98% anakasa reaches 32 billion TL in asset First VDMK* Issuance Successfully The Pricing of the Second Bond 1. 2. 3. custody size Completed Issuance Attracted Notable Attention Misyon Bank's digital custody platform, anakasa, The
Slide 18: Inveo Portfolio Moves Forward with New Management in Line with Its Vision
Inveo Portfolio, Moves Forward with New Management in Line with Its Vision Strong Financial Indicators (Million TL) Number of Funds and Fund AuM – 2025 Q2 Developments in 2025 Q2 Net Profit (Loss) Bonus Capital Increase Equity 138 35.1 46 22.2 Bn TL The company applied to the Capital Markets Board (
Slide 19: Inveo Ventures Continues Steady Growth
Inveo Ventures Continues Steady Growth Effective Ownership 94.03%** Developments in 2025 Q2 Shareholder Structure Investment Portfolio Bridgevent 2025 The traditional Bridgevent event was held with the participation of TOTAL 20 4 79 over 100 investors, entrepreneurs, and ecosystem stakeholders, orga
Slide 20: Inveo Ventures' Investment Portfolio is Growing
Inveo Ventures' Investment Portfolio is Growing Effective Ownership %94,03 20 4 Direct VCIF Investments BIE BVG IV3 BUG 1. Gaming ve Boğaziçi Co- Investment Inveo Ventures Esports GSYF Ventures GSYF GSYF Spark GSYF 2 Startups 42 Startups 11 Startups 12 Startups CONSOLIDATED Kidokit 79 Startups +8,62
Slide 21: TURPE, the Hub for Private Equity Investments in the Ecosystem
TURPE, the Hub for Private Equity Investments in the Ecosystem Effective Ownership %91,3 Shareholder Structure Investment Focus Investment Portfolio With a certain business volume and history, Inveo Yatırım Holding %44 Operating in a sector with growth potential, Gedik Yatırım Number of Portfolio Co
Slide 22: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 22
Slide 23: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDING AŞ CAPITAL MARKET BANKING VENTURES CAPITAL OTHER INVESTMENTS 14,487 MN TL 1,722 MN TL 383 MN TL 72 MN TL 181 MN TL 124 MN TL 143 MN TL Ratio of non-Gedik Yatırım investments to total investments was 1.8% at the end of 2
Slide 24: 2025 Q2 Value Changes of Financial Investments
2025 Q2 Value Changes of Financial Investments Value Increase/ 31 December 2024 Value Capital Increase / Net Value Increase / 31 March Decrease Rate Long Term Financial Investments (Million TL) Net Investment / Sale (B) (A) Advance (C) Decrease (D) 2025 Value (E) ((E-A)/A) Capital Markets 8,671 - -
Slide 25: We are Implementing the Simplification Plan in Our Investments
We are Implementing the Simplification Plan in Our Investments YTD YTD 61% 2 Key Financial Indicators Long-Term Financial Investments Number of Direct and Indirect (Million TL) (Million TL) Investments 18.000 17,354 17,112 15,747 904 16.000 105 103 8 7 14.000 12.000 10,654 10,616 10.000 9,171 979 8.
Slide 26: INVEO Stock Performance from the Beginning of 2024
INVEO Stock Performance from the Beginning of 2024 01.01.2023 - 31.12.2024 01.01.2024 – 31.07.2025 01.01.2025 - 31.07.2025 Rate of Change Rate of Change Rate of Change INVEO (27%) (4%) 32% USD/TL 19% 37% 15% BIST 100 Index 30% 41% 8% BIST Holding and Investment Index 33% 49% 12% 200 INVEO 150 INVEO
Slide 27: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 27
Slide 28: Inveo Yatırım Holding Completes Simplification Plan
Inveo Yatırım Holding Completes Simplification Plan INVEO YATIRIM HOLDİNG SIMPLIFICATION PLAN PRE-SIMPLIFICATION POST-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Realized Transfers CAPITAL MARKETS BIE - 1. Gaming ve Esports GSYF BANKING BANKING Finveo Yatırım Holding Transformation Alfa
Slide 29: Inveo Yatırım Holding Increases Efficiency with Simplification Plan
Inveo Yatırım Holding Increases Efficiency with Simplification Plan INVEO YATIRIM HOLDİNG – PRE-SIMPLIFICATION CAPITAL MARKETS 2024 Simplification Plan Objectives • To increase organizational and operational efficiency, BANKING • To make effective resource management, VENTURE CAPITAL • To benefit mo
Slide 30: Inveo Completes Transfer of Selected Investments under Simplification Plan
Inveo Completes Transfer of Selected Investments under Simplification Plan Transferee Gedik Yatırım enters the Crypto Asset Area. HiVC's Investment Transferred Strategy Changed in 2024. The Area of BIE - 1. Gaming ve Technology Entrepreneurship will Esports GSYF be gathered in Ventures. BUG The Fint
Slide 31: Technology Entrepreneurship Area to be Gathered under Inveo Ventures
Technology Entrepreneurship Area to be Gathered under Inveo Ventures Pre-Simplification Investments Post-Simplification Investments 6 STARTUP 1 VCIF TOTAL 9 2 20 +12 New 4 +2 New 79 STARTUP VCIF STARTUP VCIF STARTUP 1 5 All 12 planned startups have been successfully transferred. As of June 30, 2025,
Slide 32: International Capital Markets Companies to be Managed Under One Roof
International Capital Markets Companies to be Managed Under One Roof We are gathering the Alfa Beta Process Steps companies we have invested in different countries in the Inveo Alfa and Inveo Beta have field of capital markets on 1. merged under Inveo Alfa. a global scale under one roof within Alfa
Slide 33: Private Equity Investments will Accelerate with TURPE
Private Equity Investments will Accelerate with TURPE Process Steps TURPE's primary investment focus and HiVC's name will be changed to 1. strategy are centered around Series B/above TURPE. and Pre-IPO level SME companies that; • Have financial performance that can be A capital increase will be carr
Slide 34: Inveo Yatırım Holding – Post-Simplification Plan Investments
Inveo Yatırım Holding – Post-Simplification Plan Investments INVEO YATIRIM HOLDİNG INVEO VENTURES CAPITAL MARKETS TOTAL 20 +12 New 4 +2 New 79 BANKING STARTUP VCIF STARTUP VENTURE CAPITAL TURPE * TOTAL STARTEGIC INVESTMENTS 4 STARTUP *The registration regarding the process of increasing the capital
Slide 35: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 35
Slide 36: What will happen at Inveo Yatırım Holding in 2025?
What will happen at Inveo Yatırım Holding in 2025? INVEO GEDİK YATIRIM MİSYON BANK INVEO VENTURES INVEO PORTFÖY TURPE • Inveo Yatırım • Gedik Yatırım aims • Mission Yatırım • Inveo Ventures • Inveo Portföy, under • Turpe GSYO, by Holding plans to to reach a wider Bankası aims to aims to add value to
Slide 37: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 37
Slide 38: Improvement in Key Financial Indicators Continues (Except TAS 29)
Improvement in Key Financial Indicators Continues (Except TAS 29) (Million TL) Key Financial Indicators 18.000 140% 16,747 16.000 15,140 119% 120% 14.000 101% 100% 12.000 89% 10.000 80% 8,857 68% 8.000 7,656 7,586 7,553 60% 6,302 6.000 4,310 40% 36% 4.000 3,209 3,170 1,971 20% 2.000 1,224 1,165 17%
Slide 39: Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29)
Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29) Long Term Financial Investments Direct and Indirect Investments (Quantity) (Million TL) 180 151 CAGR 69% YTD 150 2 160 16,505 132 130 YTD 2,018 16 87% 140 110 120 105 17 103 105 90 8 7 17 100 8,825 70 7,516 80 1,671 14,487
Slide 40: Our Financial Investments Gained Value in 2025 Q1 (Except TAS 29)
Our Financial Investments Gained Value in 2025 Q1 (Except TAS 29) Long Term Financial Investments (Million 31 December 2024 Capital Increase / Advance Net Value Increase / Decrase 31 March 2025 Value Increase Rate Net Investment / Sale (B) TL) Value (A) (C) (C) Value (E) ((E-A)/A) Capital Markets 7,
Slide 41: Agenda
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2025 Targets 7. Financial Results (Except TAS 29) 8. Appendix 41
Slide 42: TAS 29 Financial Statement Effects
TAS 29 Financial Statement Effects Million TL 2024 Q2 2025 Q2 Indexation of Financial Investments 2,519 1,526 Retained Earnings (2,022) (1,154) Paid-in Capital (80) (167) Deferred Taxes (66) (38) TOTAL Indexation Effect of Profit or Loss Items (53.2) 9.3 TAS29 EFFECT Legal Reserves (16) (9) Share Pr
Slide 43: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2024 2025 Q2 Change % Million TL 2024 Q2 2025 Q2 Change % Current Assets 37 162 341 Revenue (755) 6,332 N/A Financial Investments 26 154 489 Cost of sales (229) (1) (99) Non Current Assets 10,617 17,192 62 Gross Pr
Slide 44: Inveo – IFRS Condensed Financial Statements (Except TAS 29)
Inveo – IFRS Condensed Financial Statements (Except TAS 29) Balance Sheet Income Statement Million TL 2024 2025 Q2 Change % Million TL 2024 Q2 2025 Q2 Change % Current Assets 31 162 415 Revenue 1,228 7,525 513 Financial Investments 22 154 588 Cost of sales (136) (1) (99) Non Current Assets 8,826 16,
Slide 45: Changes in Capital Share and Share Ratios in Direct Investments
Changes in Capital Share and Share Ratios in Direct Investments DIRECT FINANCIAL 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Q2 INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik
Slide 46: Thank You
Investor Relations Contact Nilay Tulum Investor Relations Manager Thank You Diğdem Erdoğan Investor Relations Executive Hakan Duran Investor Relations Assistant Specialist +90 216 453 00 33 ir@inveo.com.tr Links Annual Reports Financial Statements IR section of the Inveo Yatırım Holding website
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