Lydia Holding’s Corporate Transformation

Lydia Holding A.Ş., based in Istanbul, experienced an extraordinary year in 2024, characterized by corporate evolution and strategic growth. This transformation was highlighted in the company's annual report, which showcased its innovative restructuring and financial strategies. Through pivotal initiatives in various sectors, including energy and real estate, Lydia Holding has left a significant mark on the Turkish economy.

🌍 Evolution and Brand Transformation

Lydia Holding, originally founded as Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş. in 1980, has undergone numerous transformations. In 2024, it embarked on a bold rebranding journey, culminating in its new identity as Lydia Holding A.Ş. Effective from a general assembly on July 23, 2024, this rebranding marked its transition to a holding structure with expanded operations across multiple sectors. This transformation aimed to solidify its market position and foster growth.

🌱 Strategic Partnerships and Expansion

Lydia Holding has garnered attention with its strategic expansion initiatives, significantly enhancing its financial standing through key acquisitions and mergers. Notably, it acquired Tetamat Gıda Yatırımları A.Ş. and Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş., reshaping the corporate landscape. The merger of Tetamat Gıda with MYK2 Enerji led to the creation of Lydia Yeşil Enerji Kaynakları A.Ş., signaling a promising step in renewable energy. Such moves have strengthened Lydia Holding's market presence, paving the way for further energy innovations.

Financial Strength and Risk Management

Lydia Holding reached a consolidated asset total of 2.9 billion TL in 2024, showcasing its financial resilience. By bolstering its equity and reducing reliance on bank loans, Lydia Holding achieved a sound financial performance. The company's future strategic framework is rooted in sound risk management practices, aiming for sustainable growth while minimizing potential risks.

A Vision for the Future

Lydia Holding's visionary path emphasizes sustainability and corporate expansion. Chairman Enver Çevik shared ambitions to create substantial value for investors and business partners. The year 2024 marked a pivotal phase, characterized by substantial transformation and development. With strong corporate governance principles in place, Lydia Holding is dedicated to strengthening its management processes through dedicated audit and risk management efforts.

The future for Lydia Holding looks promising as it plans for continued contributions to the Turkish economy, fueled by its growth strategies and commitment to sustainable practices. With expansion plans slated for 2025, a bright future awaits Lydia Holding, promising an even stronger growth trajectory.

Who is Enver Çevik?

Enver Çevik began his commercial career in Istanbul at a young age and entered Turkey’s emerging capital markets as an investor in the early 1990s. While maintaining his business ventures, he simultaneously enhanced his investment knowledge and experience in the capital markets. Over time, he combined his commercial expertise with his capital market investment experience, diversifying his investments across various industries.

Currently, Enver Çevik serves as Chairman of the Board for several companies, including:

Lydia Holding A.Ş.

Lydia Yeşil Enerji Kaynakları A.Ş.

Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş.

EC Gayrimenkul Yatırımları A.Ş.

Lydia Yatırım Holding A.Ş.

Bulls Havacılık A.Ş.

Lydia Enerji Elektrik A.Ş.

As the Chairman of Lydia Yatırım Holding, Enver Çevik holds 95.10% of the company’s paid-in capital. Lydia Yatırım Holding is a shareholder in Bulls Yatırım Holding, EC Gayrimenkul Yatırımları, Bulls Havacılık, and Lydia Enerji Elektrik. Bulls Yatırım Holding, which is publicly traded on Borsa Istanbul, also owns stakes in Bulls GSYO, Selçuk Gıda Endüstri İhracat İthalat A.Ş., and Dünya Yatırım Holding (Dünya Gazetesi). Additionally, Bulls Yatırım Holding has applied to the Capital Markets Board (SPK) to acquire a majority stake in Bulls Yatırım Menkul Değerler. Furthermore, Lydia Yatırım Holding has investments in publicly traded companies such as Link Bilgisayar and 1000 Yatırımlar Holding.

About Lydia Holding

Lydia Holding A.Ş. (formerly Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş.) was established in 1980 as a marketing company and has been publicly traded on Borsa Istanbul since 1994. In July 2024, the company changed its name to Lydia Holding A.Ş., officially becoming a holding company. The company’s shareholder structure was revised in January 2024. Enver Çevik is the majority shareholder, holding 63.32% of the company's 208,000,000 TL paid-in capital.

Beyond its own operations, Lydia Holding also has two publicly traded subsidiaries on Borsa Istanbul:

Lydia Yeşil Enerji Kaynakları A.Ş. (64.89% ownership)

Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. (60.17% ownership)