Gsd Holding A.s. · BIST:GSDHO
Gsd Holding A.s — Q4 2025 Earnings Presentation
16 slides from Gsd Holding A.s's earnings presentation, Mar 11, 2026
Slide 1: Q4 2025
Q4 2025 Posted on 11 March 2026
Slide 2: GSD Holding key figures Q4 2025
1986 Q4 2025 Q4 2025 Q4 2025 Established in TL 208 TL 20,541 TL 13,345 1986 Million Million Million Net Profit 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 - Bank
Finance - Total Assets (as of Q4 2025) Established in TL 2,297 1999 Million 100% Net Income* (as of Q4 2025) Owned by GSD Holding TL 576 Million (*) Although inflation adjustment is not applied in banks within the scope of TAS 29, a period loss of 54 million TL occurred with the application of TAS 2
Slide 5: Finance - Factoring
Finance - Net Income* (as of Q4 2025) Total Assets (as of Q4 2025) TL 510 Million Established in TL 2,341 1994 Million 98.01% Factoring Receivables (as of Q4 2025) Owned by GSD Holding TL 2,274 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in factoring companies
Slide 6: Finance - Asset Management
Finance - Total Assets (as of Q4 2025) Established in TL 1,044 2024 Million 100%’ü Net Income* (as of Q4 2025) GSD Holding’e aittir. TL 146 Million (*) Although inflation adjustment is not applied within the scope of TAS 29 in asset management companies, a period profit of 104 million TL occurred wi
Slide 7: Maritime
Maritime - GSD Marin Net Income Total Comprehensive Established in (as of Q4 2025) Income excluding non- 1992 TL 428 controlling interest (as of Q4 2025) & Million Listed on TL 853 BIST Million GSD Shipping Total Assets Established in (as of Q4 2025) 2016 TL 13,566 Million (*) TMS 29 Inflation Accou
Slide 8: Consolidated Operating Income (According to TMS 29)
Consolidated Operating Income (According to TMS 29) Q4 2025 2,420.7 2,228.1 Banking 202.8 14.3 Factoring 640.8 Marine Q4 2025 548.9 Holding Q4 2024 Varlık 833.3 Q4 2025 Q4 2024 Consolidated Operating Income / Business Sector Shares in Consolidated Loss - TL Million Operating Income - TL Million (*)
Slide 9: Consolidated Operating Income by Business Segments
Consolidated Operating Income (According to TMS 29) 918.4 833.3 Q4 2025 769.5 709.5 640.8 Q4 2024 548.9 Breakdown of 337.4 Consolidated 202.8 Operating Income by 42.0 the Business Segments 14.3 – TL Million Banking Factoring Marine Holding Varlik (*) Business Sector Shares are illustrated before int
Slide 10: GSD Marin fleet and newbuildings
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 415,331 kDWT – Current cargo carrying All 9 ships that have been in GSD Group are shipping company in Turkey. capacity under mana
Slide 11: GSD Shipping fleet and newbuild orders
Dodo Maritime Mila Maritime Selim Maritime Neco Maritime Lena Maritime Nejat Maritime Guzide Maritime Deniz Maritime GSD 1 Limited GSD 2 Limited M/V Dodo M/V Mila M/V S.Selim & 1 New Order M/V Lena M/V Nejat 1 New Order M/V Deniz 1 New Order 1 New Order 1 New Order Marshall Marshall Marshall Marshal
Slide 12: Net Foreign Currency Position
USD Million USD Million +38 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 Q4 2025 Q4 2025 Q4 2024 % Revenue 136.8 5,395.5 5,321.3 1% Gross Income 77.2 3,043.1 2,781.3 9% Operational Income 56.5 2,228.1 2,420.7 (8)% EBIT 72.8 2,870.0 3,587.4 (20)% T
Slide 14: Financial Highlights Consolidated Balance Sheet
Financial Highlights Consolidated Balance Sheet (According to TMS 29) $ Million** TL Milyon TL Milyon Changes TL Million Q4 2025 Q4 2025 Q4 2024 % Cash and cash equivalents 92.9 3,980.5 2,610.2 %52 Financial Investments 69.0 2,956.7 3,983.9 %(26) Loans and advances given to customers, net 30.2 1,294
Slide 15: Shareholders of GSD Holding as of Q4 2025
Shareholders of GSD Holding as of Q4 2025 25.5% % M. Turgut Yılmaz GSD Holding (buy-backed shares) 57.0% MTY Delta Denizcilik İç ve Dış Ticaret 11.2% Adeo Turizm Otelcilik Ticaret Limited Şirketi 4.5% Delta Global A.G. 0.1% Other privileged shareholders 0.0% 1.7% Publicly owned 15
Slide 16: Contact Information
Contact Information www.gsdholding.com.tr +90 216 417 10 08 Investor Relations Department Aynur Zorer Tuğrul Duman Investor Relations Manager Financial Affairs Assistant Manager azorer@gsdholding.com.tr tduman@gsdholding.com.tr