Announcement • Jul 17
Yesil Yatirim Holding Anonim Sirketi, Annual General Meeting, Aug 21, 2026 Yesil Yatirim Holding Anonim Sirketi, Annual General Meeting, Aug 21, 2026. Location: yesilkoy mah. ataturk cad. istanbul dunya ticaret, merkezi a3 blok carsi 1. kat wtclub bakirkoy, istanbul Turkey New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (₺1.13b market cap, or US$25.0m). New Risk • Mar 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺6.6m free cash flow). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₺935.2m market cap, or US$21.1m). New Risk • Mar 18
New major risk - Revenue size The company makes less than US$1m in revenue. This is considered a major risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺6.6m free cash flow). Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (₺1.04b market cap, or US$23.6m). New Risk • Sep 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺435m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Revenue is less than US$5m (₺58m revenue, or US$1.4m). Market cap is less than US$100m (₺1.71b market cap, or US$41.4m). New Risk • Jul 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺444m free cash flow). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.2% average weekly change). Revenue is less than US$5m (₺58m revenue, or US$1.4m). Market cap is less than US$100m (₺1.46b market cap, or US$35.9m). Announcement • Jun 25
Yesil Yatirim Holding Anonim Sirketi, Annual General Meeting, Jul 23, 2025 Yesil Yatirim Holding Anonim Sirketi, Annual General Meeting, Jul 23, 2025. Location: yilanli ayazma yolu no:17, yesil plaza, kat: 15, cevizlibag, 34020, zeytinburnu, istanbul Turkey New Risk • Mar 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₺444m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺444m free cash flow). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (₺58m revenue, or US$1.5m). Market cap is less than US$100m (₺915.9m market cap, or US$24.1m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺1.34, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 15x in the Capital Markets industry in Turkey. Total returns to shareholders of 54% over the past three years. Reported Earnings • Mar 05
Full year 2024 earnings released Full year 2024 results: Revenue: ₺404.1m (up ₺387.4m from FY 2023). Net income: ₺193.0m (up ₺333.6m from FY 2023). Profit margin: 48% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Feb 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 200% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (61% accrual ratio). Shareholders have been substantially diluted in the past year (200% increase in shares outstanding). Revenue is less than US$1m (₺17m revenue, or US$461k). Minor Risk Market cap is less than US$100m (₺1.04b market cap, or US$28.8m). New Risk • Feb 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₺363.3m (US$10.1m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.9% average weekly change). High level of non-cash earnings (61% accrual ratio). Revenue is less than US$1m (₺17m revenue, or US$466k). Market cap is less than US$10m (₺363.3m market cap, or US$10.1m). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₺1.53, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 13x in the Capital Markets industry in Turkey. Total returns to shareholders of 66% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺1.74, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Capital Markets industry in Turkey. Total returns to shareholders of 72% over the past three years. New Risk • Nov 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₺385m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺385m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m (₺17m revenue, or US$487k). Market cap is less than US$10m (₺288.1m market cap, or US$8.39m). New Risk • Sep 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₺331.1m (US$9.77m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m (₺17m revenue, or US$493k). Market cap is less than US$10m (₺331.1m market cap, or US$9.77m). Minor Risk Large one-off items impacting financial results. New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 9.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.9% average weekly change). Revenue is less than US$5m (₺33m revenue, or US$1.0m). Market cap is less than US$100m (₺1.04b market cap, or US$32.3m). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Erman Kendibasina was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 19% share price gain to ₺1.89, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 11x in the Capital Markets industry in Turkey. Total returns to shareholders of 301% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Erman Kendibasina was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₺78.10, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 13x in the Capital Markets industry in Turkey. Total returns to shareholders of 315% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₺105, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 15x in the Capital Markets industry in Turkey. Total returns to shareholders of 380% over the past three years. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 24% share price decline to ₺151, the stock is trading at a trailing P/E ratio of 46.5x, down from the previous P/E ratio of 60.9x. This compares to an average P/E of 16x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 474%. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₺200, the stock is trading at a trailing P/E ratio of 61.5x, down from the previous P/E ratio of 74.4x. This compares to an average P/E of 20x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 633%. Is New 90 Day High Low • Feb 03
New 90-day high: ₺242 The company is up 443% from its price of ₺44.58 on 05 November 2020. The Turkish market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 63% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: ₺168 The company is up 449% from its price of ₺30.50 on 16 October 2020. The Turkish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 31% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 22% share price gain to ₺114, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 12.3x. This compares to an average P/E of 14x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 634%. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improved over the past week After last week's 24% share price gain to ₺98.25, the stock is trading at a trailing P/E ratio of 13x, up from the previous P/E ratio of 10.4x. This compares to an average P/E of 12x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 518%. Is New 90 Day High Low • Dec 23
New 90-day high: ₺89.35 The company is up 307% from its price of ₺21.94 on 24 September 2020. The Turkish market is up 20% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 47% over the same period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₺82.30, the stock is trading at a trailing P/E ratio of 10.9x, up from the previous P/E ratio of 9.3x. This compares to an average P/E of 12x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 415%. Is New 90 Day High Low • Dec 07
New 90-day high: ₺77.40 The company is up 335% from its price of ₺17.78 on 08 September 2020. The Turkish market is up 21% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 39% over the same period. Valuation Update With 7 Day Price Move • Nov 18
Market bids up stock over the past week After last week's 23% share price gain to ₺53.10, the stock is trading at a trailing P/E ratio of 6.9x, up from the previous P/E ratio of 5.6x. This compares to an average P/E of 13x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 256%. Is New 90 Day High Low • Nov 17
New 90-day high: ₺48.28 The company is up 184% from its price of ₺16.99 on 19 August 2020. The Turkish market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 39% over the same period. Valuation Update With 7 Day Price Move • Oct 30
Market bids up stock over the past week After last week's 18% share price gain to ₺48.26, the stock is trading at a trailing P/E ratio of 6.3x, up from the previous P/E ratio of 5.3x. This compares to an average P/E of 12x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 243%. Is New 90 Day High Low • Oct 20
New 90-day high: ₺36.30 The company is up 103% from its price of ₺17.90 on 22 July 2020. The Turkish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 35% over the same period. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 24% share price gain to ₺36.30, the stock is trading at a trailing P/E ratio of 4.7x, up from the previous P/E ratio of 3.8x. This compares to an average P/E of 13x in the Capital Markets industry in Turkey. Total returns to shareholders over the past three years are 246%. Is New 90 Day High Low • Sep 24
New 90-day high: ₺19.95 The company is up 30% from its price of ₺15.30 on 26 June 2020. The Turkish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 28% over the same period. 
