Why Should I Invest
It is a people-oriented financial institution that provides sustainable growth with its business model carried out with the support of its strong balance sheet, the most up-to-date technology and valuable senior management team and expert, strong collection and support teams.
Successful collection management and high performance in all segments
5.8 Bn TL collection in 2025, a growth rate of 32.8% compared to the same period last year
Accurate pricing ability and operational efficiency provided by a powerful technology infrastructure and a deep database
Collection
(Mn TL) | 31.12.2020 | 31.12.2021 | 31.12.2022 | 31.12.2023 | 31.12.2024 | 31.12.2025 |
|---|
| Retail |
381,1 |
503,2 |
794,1 |
1.597,7 |
2.865,8 |
4.108,5 |
| SME |
73 |
99 |
175,0 |
415,3 |
744,8 |
807,1 |
| Corporate |
96,6 |
109,5 |
242,9 |
598,8 |
770,9 |
905,2 |
| Total |
550,7 |
711,8 |
1.212,1 |
2.611,9 |
4.381,5 |
5.820,8 |
| Collection Growth | |
|---|
| Retail |
11,6% |
32,1% |
57,8% |
101,2% |
65,4% |
43,4% |
| SME |
11,1% |
35,7% |
76,7% |
137,3% |
17,0% |
8,4% |
| Corporate |
1,2% |
13,4% |
122,2% |
146,5% |
17,6% |
17,4% |
| Total Collection |
9,6% |
29,3% |
70,3% |
115,5% |
67,8% |
32,8% |
Sustainable strong profitability supported by a customer-oriented approach
Outstanding Financial Performance
Access to low-cost financing thanks to a solid capital structure and reputable shareholders
| | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Net Interest Expense/ EBITDA |
0,21x |
0,21x |
0,09x |
0,02x |
0,22x |
0,32x |
| Net Debt (mn TL) |
583 |
420 |
281 |
550 |
2.237 |
4.296 |
| Net Debt / EBITDA |
1,5x |
0,8x |
0,3x |
0,2x |
0,8x |
1,2x |
| ERC (bn TL) |
2,4 |
4,1 |
6,8 |
18,1 |
32,8 |
38,8 |
| Investments (mn TL) |
19 |
242 |
389 |
1.063 |
3.449 |
3.657 |
Industry leadership that comes with experience, knowledge and economies of scale
- Founded under the name Girişim Varlik Yonetimi, Gelecek Varlik Yönetimi engages in provision of financial services by operating in the field of debt resolution by purchasing overdue receivables of banks and other financial institutions.
- The company was founded by Fiba Holding in 2005 and is headquartered in Istanbul, Turkey
- As of December 31, 2025, the company has 582 employees.
- Ownership: Fiba Holding c.69.9%, Murat Özyegin c.5.6%, Aysecan Özyegin Oktay c.5.6%, free float c.19%
- Since 31st December 2025, the Company is listed in Borsa Istanbul stock exchange with a current market capitalisation of 11.2 Bn TL
- Market Positioning: Gelecek Varlık holds a leading position in the NPL purchase and servicing sector with a market share of 25.3% based on total purchased principal and 27.2% based on remaining principal. It maintains its market leadership in total principal, total investment, and total collections.
- Management: Sezin Ünlüdoğan has been serving as the CEO of Gelecek Varlik since 2016. Top Management has 14+ year Asset Management & 20+ years financial industries experience.