Lydia Holding A.Ş., based in Istanbul, experienced a transformative year in 2024, driven by strategic growth and corporate evolution. The company's journey was punctuated by restructuring initiatives and robust financial tactics, as highlighted in its annual report. By spearheading innovative endeavors across sectors like energy and real estate, Lydia Holding made significant contributions to the Turkish economy.
🌍 Rebranding and Structural Overhaul
Lydia Holding's origins stretch back to 1980 when it was established as Milpa Ticari ve Sınai Ürünler Pazarlama Sanayi ve Ticaret A.Ş. Over the decades, the company has evolved significantly. In 2024, it embarked on an ambitious rebranding journey, reemerging as Lydia Holding A.Ş. This transformation was officially recognized at a general assembly held on July 23, 2024, transitioning into a holding company with diversified operations. With a fresh identity, Lydia Holding aims to solidify its market position and diversify its investments across various sectors.
📊 New Partnerships and Strategic Growth
Lydia Holding has strategically expanded its reach through key acquisitions and mergers. The corporate arena was notably reshaped when Lydia Holding took over Tetamat Gıda Yatırımları A.Ş. and Ufuk Yatırım Yönetim ve Gayrimenkul A.Ş.. Furthermore, the merger of Tetamat Gıda with MYK2 Enerji led to the creation of Lydia Yeşil Enerji Kaynakları A.Ş., opening a fresh chapter in renewable energy. These strategic decisions bolstered Lydia Holding's market presence, paving the way for future innovations within the energy sector.
🌱 Progress in Energy and Real Estate
Lydia Holding is poised to lead Turkey's growth in renewable energy and real estate investment. The company is committed to advancing Turkey’s renewable energy capacity through future investments. These sectors are pivotal to Lydia Holding's growth strategy, positioning the company as a leader in addressing contemporary energy needs and real estate development. With an emphasis on responsible growth, Lydia Holding plans to continue making a significant impact on these sectors.
Financial Robustness and Risk Management
In 2024, Lydia Holding secured a consolidated asset total of 2.9 billion TL, underscoring its financial strength. By bolstering equity and reducing bank loans, the company ensured a resilient financial performance. The board emphasized that Lydia Holding's future plans rely on sound risk management, fostering sustainable growth. Through meticulous financial strategies, Lydia Holding aims to maintain its economic resilience.
A Visionary Path Forward
Looking ahead, Lydia Holding is focused on sustainability and corporate expansion. Chairman Enver Çevik highlighted the goal to create substantial value for investors and business partners. The year 2024 marked a major transformation, characterized by enhancement and progress. With rigorous corporate governance principles, Lydia Holding has taken steps to fortify its management processes via dedicated audit and risk management committees. The future for Lydia Holding shines bright, with plans for continued economic contributions and an unwavering commitment to sustainability, setting the stage for a prosperous 2025 and beyond.
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)
