Dear Shareholders, Business Partners, and Employees,

As we close another year marked by rapid change, uncertainty, and transformation, İhlas Holding continued its steady progress toward our goals in 2024, supported by our strong corporate structure, value-driven approach, and unwavering commitment to sustainability.

The global economic contraction, persistent inflationary pressures, volatility in energy markets, and ongoing geopolitical tensions have led businesses worldwide to adopt more cautious and strategic decision-making. In this challenging environment, our Holding stayed on course with a flexible, solution-focused, and proactive management approach across all sectors. From digital transformation to environmental sustainability, from strengthening our human capital to expanding our social responsibility efforts, we have remained dedicated to adding value in every area where we operate.

In media and publishing, we advanced our mission of delivering reliable, fast, and impartial journalism through our strong brands: Türkiye Newspaper, TGRT News, TGRT FM, and İhlas News Agency. We proudly celebrated the 55th anniversary of Türkiye Newspaper, which has remained true to its founding values and editorial principles since day one. In 2024, we expanded our investments in digital media, delivering richer and more accessible content to our readers and viewers. With a data-driven publishing approach, enhanced user experience, and investments in technological infrastructure, we further strengthened our leadership in the sector.

In real estate development, we continued to fulfill our mission of developing high-quality living spaces. Through environmentally conscious, energy-efficient projects that enrich social life, we stood out in the market. Our Bizim Houses projects progressed as planned, providing long-term value to both investors and residents through their next-generation urban design.

In healthcare, Türkiye Hospital once again proved to be a symbol of trust and quality in 2024, with its patient-centered care, high medical standards, and expert staff. By closely tracking advancements in healthcare technologies, we achieved significant improvements in both our technical infrastructure and service processes.

In the consumer products segment, İhlas Home Appliances delivered strong results in domestic and export markets alike, with products designed for superior aesthetics, functionality, and user satisfaction. Our environmentally friendly product portfolio and expanding international sales network continued to strengthen our brand’s global presence.

In marketing and sales, İhlas Marketing sustained steady growth through its extensive dealer network and multi-channel strategies. By integrating our strong traditional sales operations with robust digital channels, we reached an even broader audience, in particular through the Nevade.com shopping platform.

In education, İhlas College continued to empower its students with knowledge, values, and self-confidence through innovative pedagogical methods and modern academic programs. Throughout 2024, the school complemented its academic success with projects that emphasized social, cultural, and human values.

Our energy investments reached a crucial international milestone in 2024. With the launch of combined-cycle gas and hydroelectric power plant projects in Kyrgyzstan, we took the first steps in our long-term commitment to contribute to national economies and expand the use of sustainable energy resources.

Across all our areas of activity, we remained committed to our environmental and social sustainability principles. Through efficient resource management, the adoption of renewable energy, and impactful social responsibility projects, we continue to generate value not just for today but also for future generations. Our work in education, healthcare, the environment, and humanitarian aid remains a clear reflection of İhlas Holding’s deep sense of social responsibility.

As we enter 2025, we will move forward with the same conviction as a holding that delivers value, earns the trust of its stakeholders, and prioritizes social benefit. We look ahead with confidence to new projects, investments, and achievements. I extend my heartfelt thanks to all our colleagues, business partners, and our valued shareholders for their dedication and trust. I have full confidence that, together, we will build a stronger future.

Kind regards,

Ahmet Mücahid Ören
Executive Chairman İhlas Holding Co.