Lydia Holding: The Rising Star of 2024

Lydia Holding A.Ş., situated in Istanbul, showcased a remarkable year in 2024, marked by corporate transformation and strategic growth. The company made waves with its restructuring endeavors and robust financial strategies, particularly highlighted in its annual report. Lydia Holding significantly impacted the Turkish economy through innovative initiatives in diverse sectors, from energy to real estate.

🌍 Rebranding and Structural Overhaul

Lydia Holding traces its roots back to 1980, originally established as Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş. Throughout its journey, the company has undergone numerous changes. In an ambitious rebranding effort in 2024, it became Lydia Holding A.Ş. This transformation was solidified at a general assembly on July 23, 2024, marking its progression to a holding structure with a broader range of operations. By embracing a new identity, Lydia Holding aims to strengthen its standing and expand its operations across various sectors.

New Partnerships and Strategic Growth

Lydia Holding captured attention with its strategic expansion campaigns, elevating its financial position through pivotal acquisitions and mergers. The corporate landscape was reshaped when Lydia Holding acquired Tetamat Gıda Yatırımları A.Ş. and Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş. Moreover, by merging Tetamat Gıda with MYK2 Enerji, Lydia Yeşil Enerji Kaynakları A.Ş. was born, heralding a new chapter in renewable energy. These strategic moves reinforced Lydia Holding's market presence, setting the stage for further innovations in energy.

🌱 Progress in Energy and Real Estate

Focusing on renewable energy and real estate investment, Lydia Holding aims to spearhead Turkey's growth in these pivotal sectors. With planned future investments, the company aspires to significantly boost Turkey’s renewable energy capacity. These sectors are central to Lydia Holding's growth strategies, positioning them as leaders in addressing modern energy needs and real estate advancements.

Financial Robustness and Risk Management

In 2024, Lydia Holding achieved a consolidated asset total of 2.9 billion TL, reflecting its financial stability. By fortifying its equity and minimizing bank loans, the company maintained a robust financial performance. The board highlighted that Lydia Holding's future strategies are grounded in sound risk management, ensuring sustainable growth.

A Visionary Path Forward

Lydia Holding's vision emphasizes sustainability and corporate growth. Chairman Enver Çevik underscored the ambition to generate significant value for investors and business partners. The year 2024 was pivotal, marking substantial transformation and advancement. With robust corporate governance principles, Lydia Holding has taken strides to strengthen its management processes through dedicated audit and risk management committees.

Lydia Holding’s outlook for the future is promising, with plans to sustain contributions to the Turkish economy through its growth strategies and commitment to sustainability. With expansion plans for 2025, the future appears bright, promising a stronger trajectory for Lydia Holding.

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)