Inveo Yatirim Holding As · BIST:INVEO
Inveo Yatirim Holding As — Inveo Yatırım Holding — Investor Presentation (February 2026)
49 slides from Inveo Yatirim Holding As's investor presentation, February 2026
Slide 1: Simplified Financial Ecosystem
SIMPLIFIED FINANCIAL ECOSYSTEM Investor Presentation – 2025 February 2026
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. 2026 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 To become a financial investment holding company that creates value on an international scale through the Training for increasing savings and companies it establishes and invests in; a conscious savings, leader in regional markets and inf
Slide 5: 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 Transformation 2024 • Transformation 2023 Transfers of HiVC à TURPE Development New After the Investments Simp
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 Independent Board Independent Board B
Slide 7: Inveo Yatırım Holding at a Glance (2025)
Inveo Yatırım Holding at a Glance (2025) Partnership Structure Buy Back Shares 0.85 % Erhan Topaç 81.02 % Free Float 12.6 2.9 12.9 18.13 % BN TL BN TL BN TL Capital 1 BN TL 5% 13% 8% Registered Capital Ceiling 3 BN TL Ø Credit Rating Update L.T. Financial L.T. Financial Total Assets On October 14, 2
Slide 8: Investment Strategy and Inveo Ecosystem
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 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 Right Direct Financial investments in Time Value markets emerging investments sectors We exit Venture sustainable & game-changing with unity and synergy capita
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 İstanbul Kandilli Gayrimenkul Yatırımları Companies w
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% 96.97% 88.03% 100% 100% 91.26% İstanbul Kandilli 100% Gayrimenkul Yatırımları 100% Note: The ratios in the table are effective ownership ratios. 11
Slide 12: Inveo Ecosystem
Capital Markets Crypto Inveo Ecosystem Banking 146 126 Number of Technology Companies Companies Number of Ecosystem 8 138 Direct Indirect Venture Investment Investment Capital 154.95 MN USD 38.16 MN USD Total Investments Total Exits Other Investments 12
Slide 13: Developments from Holding and Selected Companies
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 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% Largest Branch Network and Number of Developments in 2025 Q4 Shareholder Structure Employees in the Sector Ecogreen Energy Public Offering As the consortium leader, we acted as the underwriter for Publicly Tr
Slide 15: Gedik Yatırım | Key Consolidated Financial Indicators
Gedik Yatırım | Key Consolidated Financial Indicators Continued Strong Financial Performance with a 214% Increase in Net Profit 2024 2025 Change (%) Gedik Yatırım Consolidated (Million TL) Disclosed Report Except TMS 29 Disclosed Report Except TMS 29 Disclosed Report Except TMS 29 Total Assets 20,24
Slide 16: 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; 2021 2022 Inveo Yatırım Holding, for 41.83% shares of Gedik Effective Effective Ownership Ownership Yatırım; Erhan Topaç and Hakkı Gedik, with a maturity 43.04% 84.87% until
Slide 17: Misyon Bank Grows in the Market with Its Unique Platforms
Misyon Bank Grows in the Market with Its Unique Platforms Effective Ownership 96.97% Shareholder Structure Critical Developments Subsidiaries 0,00 0,00 June Launched with an experienced team. 2023 Gedik Yatırım 20% January Financial Technologies Subsidiary 2024 MisyonTech Established. Misyon Destek
Slide 18: Misyon Bank | Key Consolidated Financial Indicators
Effective Misyon Bank | Key Consolidated Financial Indicators Ownership 96.97% Net Profitability Achieved in the Final Quarter with Accelerated Activity in the Second Half of the Year (MillionTL) (MillionTL) From Zero to 6 Billion TL in Credit Volume by 2025 First Quarterly Net Profit 10.000,0 250,0
Slide 19: Misyon Bank 4th Quarter Developments
Effective Misyon Bank 4th Quarter Developments Ownership 96.97% 64 Billion TL Expanding Correspondent Cross-Border Transfers 1. 2. 3. Custody Asset Size Banking Network Processed Within Minutes Misyon Bank's digital custody platform, Anakasa, Misyon Bank has quickly established a network of over Mis
Slide 20: Inveo Portföy Moves Forward with New Management in Line with Its Vision
Effective Inveo Portföy, Moves Forward with New Management in Line with Its Vision Ownership 100% Shareholder Structure Number of Funds and Fund AuM – 2025 Developments in 2025 Q4 Capital Increase Without Consideration 49 TRY 29.5 Billion The Company's application dated June 20, 2025, regarding the
Slide 21: Inveo Portföy | Key Consolidated Financial Indicators
Effective Inveo Portföy | Key Consolidated Financial Indicators Ownership 100% Despite Inflation Accounting-Related Pressure, Growth Continued in Key Financial Indicators Change 2024 2025 Change (%) Million TL 2024 2025 Inveo Portföy Consolidated Disclosed Except TMS Disclosed Except TMS Disclosed E
Slide 22: Inveo Ventures Continues Steady Growth
Inveo Ventures Continues Steady Growth Effective Ownership 88.03% Developments in 2025 Q4 Shareholder Structure Investment Portfolio Inveo Ventures PERKS program created: Inveo TOTAL 43 Perks – $2 million USD + Savings: "In line with our goal of 23 4 Ventures GSYF 6,00% STARTUP VCIF 88 supporting th
Slide 23: Inveo Ventures' Investment Portfolio is Growing
Inveo Ventures' Investment Portfolio is Growing Effective Ownership 88,03% 23 4 Direct Investments VCIF BIE BVG IV3 BUG 1. Gaming ve Boğaziçi Co- Investment Inveo Ventures Esports GSYF Ventures GSYF GSYF Spark GSYF 2 Startups 41 Startups 11 Startups 11 Startups CONSOLIDATED Kidokit 88 Startups +9.7
Slide 24: 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, Gedik Inveo Yatırım Yatırım Holding 55,8% Gedik Yatırım Inveo 43,91% Operating in a sector with growth 55,7
Slide 25: Financial Results
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 Targets 7. Financial Results (Except TAS 29) 8. Appendix 25
Slide 26: We Diversify Our Investments Across Our Fields of Activity
We Diversify Our Investments Across Our Fields of Activity INVEO YATIRIM HOLDING AŞ CAPITAL MARKETS BANKING VENTURE CAPITAL OTHER INVESTMENTS TRY 9,675 MN TRY 1,720 MN TRY 512 MN TRY 88 MN TRY 212 MN TRY 223 MN TRY 127 MN Ratio of non-Gedik Yatırım investments to total investments was 1.8% at the en
Slide 27: 2025 Q4 Value Changes of Financial Investments
2025 Q4 Value Changes of Financial Investments Long Term Financial 31 December 2024 Net Investment / Sale Capital Increase / Advance Net Value Increase / 31 December 2025 Value Increase Rate Investments (Million TL) Value (A) (B) (C) Decrase (C) Value (E) ((E-A)/A) Capital Markets 9,728 0 5 280 10,0
Slide 28: Positive Developments in Inveo Financials (2025)
Positive Developments in Inveo Financials (2025) Key Financial Indicators Long-Term Financial Investments Number of Direct and Indirect (Million TL) (Million TL) (Million TL) Investments 17.000 146 12,556 8 12,932 11,952 11,909 12.000 1,162 10.288 10,318 103 8 1,098 7.000 138 95 11,395 2.000 29 10,8
Slide 29: INVEO Stock Performance from the Beginning of 2024
INVEO Stock Performance from the Beginning of 2024 01.01.2024 - 31.12.2024 01.01.2024 – 31.12.2025 01.01.2025 – 31.12.2025 Rate of Change Rate of Change Rate of Change INVEO (29%) (20%) 12% USD/TL 20% 46% 22% BIST 100 Index 29% 48% 15% BIST Holding and Investment 32% 92% 45% Index 250,0 200,0 INVEO
Slide 30: 2024 Simplification Plan
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 Targets 7. Financial Results (Except TAS 29) 8. Appendix 30
Slide 31: 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 32: 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, • To benefit more from the VENT
Slide 33: 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 Esports GSYF will be gathered in Ventures. BUG The Fint
Slide 34: 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 23 +15 New 4 +2 New 88 STARTUP VCIF STARTUP VCIF STARTUP 1 5 All 12 planned startups have been successfully transferred. As of December 31, 2
Slide 35: International Capital Markets Companies to be Managed Under One Roof
International Capital Markets Companies to be Managed Under One Roof We are gathering the Process Steps companies we have Alfa Beta invested in different Inveo Alfa and Inveo Beta countries in the field of 1. have merged under capital markets on Inveo Alfa. a global scale under Alfa one roof within
Slide 36: Private Equity Investments will Accelerate with TURPE
Private Equity Investments will Accelerate with TURPE Process Steps TURPE's primary investment focus and strategy are centered around Series HiVC's name will be changed 1. B/above and Pre-IPO level SME to TURPE. companies that; • Have financial performance that A capital increase will be can be impr
Slide 37: Post-Simplification Plan Investments
Inveo Yatırım Holding – Post-Simplification Plan Investments INVEO YATIRIM HOLDİNG INVEO VENTURES CAPITAL MARKETS TOTAL 23 +15 New 4 +2 New 88 BANKING STARTUP VCIF STARTUP VENTURE CAPITAL TURPE * TOTAL STARTEGIC INVESTMENTS 4 STARTUP *The registration regarding the process of increasing the capital
Slide 38: 2026 Targets
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 Targets 7. Financial Results (Except TAS 29) 8. Appendix 38
Slide 39: What will happen at Inveo Yatırım Holding in 2026?
What will happen at Inveo Yatırım Holding in 2026? INVEO GEDİK YATIRIM MİSYON BANK INVEO VENTURES INVEO PORTFÖY TURPE Inveo Yatırım Holding Gedik Yatırım will MisyonBank will Inveo Ventures will Inveo Portföy will aim Turpe will serve as the plans to position real continue progressing continue to ta
Slide 40: Financial Results (Except TAS 29)
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 Targets 7. Financial Results (Except TAS 29) 8. Appendix 40
Slide 41: Improvement in Key Financial Indicators Continues (Except TAS 29)
Improvement in Key Financial Indicators Continues (Except TAS 29) (Million TL) Key Financial Indicators 15.500 140% 13.500 119% 12,914 120% 11.500 101% 10,300 100% 9.500 8,857 80% 7,656 68% 7,586 7.500 6,302 60% 5.500 4,310 36% 40% 3.500 3,209 3,170 26% 1,971 2,714 17% 1.500 1,224 1,165 1,184 20% 77
Slide 42: Inveo Ecosystem Continues to Gain Value with New Investments
Inveo Ecosystem Continues to Gain Value with New Investments (Except TAS 29) Long Term Financial Investments Direct and Indirect Investments (Quantity) (Million TL) 151 18 0 CAGR YOY 15 0 146 60% 16 0 33 12,556 132 13 0 16 8 YOY 2,882 14 0 42% 110 12 0 105 17 103 8,825 90 10 0 17 8 7,516 1,671 70 1.
Slide 43: Our Financial Investments Gained Value in 2025 (Except TAS 29)
Our Financial Investments Gained Value in 2025 (Except TAS 29) Long Term Financial 31 December 2024 Net Investment / Sale Capital Increase / Advance Net Value Increase / 31 December 2025 Value Increase Rate Investments (Million TL) Value (A) (B) (C) Decrase (C) Value (E) ((E-A)/A) Capital Markets 7,
Slide 44: Appendix
1. Corporate Profile 2. Investment Strategy and Inveo Ecosystem 3. Developments from Holding and Selected Companies 4. Financial Results 5. 2024 Simplification Plan 6. 2026 Targets 7. Financial Results (Except TAS 29) 8. Appendix 44
Slide 45: TAS 29 Financial Statement Effects
TAS 29 Financial Statement Effects Million TL 2025 Indexation of Financial Investments 2,887 Retained Earnings (2,162) Paid-in Capital (309) Deferred Taxes (70) Indexation Effect of Profit or Loss Items (11) Legal Reserves (16) Share Premiums Buy-back Shares (14) TOTAL 73 TAS29 EFFECT Defined Benefi
Slide 46: Inveo – IFRS Condensed Financial Statements
Inveo – IFRS Condensed Financial Statements Balance Sheet Income Statement Million TL 2024 2025 Change % Million TL 2024 2025 Change % Current Assets 41 124 202 Revenue (1,525) 169 AD Financial Investments 29 83 184 Cost of sales (228) (42) (81) Non Current Assets 11,911 12,807 8 Gross Profit (Loss)
Slide 47: Inveo – IFRS Condensed Financial Statements (Except TAS 29)
Inveo – IFRS Condensed Financial Statements (Except TAS 29) Balance Sheet Income Statement Million TL 2024 2025 Change % Million TL 2024 2025 Change % Current Assets 31 124 295 Revenue 1,800 3,257 81 Financial Investments 22 83 271 Cost of sales (174) (41) (77) Non Current Assets 8,826 12,790 45 Gro
Slide 48: 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 INVESTMENTS Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Nominal TL % Gedik Yat
Slide 49: Thank You
Investor Relations Contact Nilay Tulum Investor Relations Manager Thank You +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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