Gelecek Asset Management unveils bold expansion after record 26.8% profit surge
Gelecek Asset Management has unveiled a bold financial plan after a year of strong growth. The company's net profit climbed by 26.8% in 2025, reaching around 1.5 billion Turkish lira. Now, shareholders will decide on a major restructuring at the annual general meeting on April 9.
The firm has solidified its place in Turkey's non-performing loans (NPL) market since its 2023 capital increase. By mid-2025, it held a 15-20% market share after buying distressed loan portfolios worth over ₺50 billion from banks like Garanti BBVA and Akbank.
To fuel further expansion, management wants to raise the authorised capital from 630 million TL to 2 billion TL. This move would give the company financial flexibility through 2030. Shareholders will also vote on ending the share buyback programme early, shifting focus to dividends or portfolio growth.
If approved on April 9, the new framework would pave the way for a gross dividend of 2.5054 TL per share, payable by April 13. The company has also hired DRT Bağımsız Denetim to audit its sustainability reporting, reinforcing transparency as it scales up.
The proposed changes would allow Gelecek Asset Management to reward shareholders while keeping room for future investments. Approval at the April 9 meeting would mark the start of a new growth phase, backed by higher capital and a stronger market position.
