🔵🇺🇸 #GARFA | Garanti Factoring 2025/12 Earnings Analysis - Garanti Faktoring's Inflationary Growth Illusion

### **Key Highlights from the 2025 Financial Reports (English)***   **Net Profit Increase:** The company achieved a net profit of **2,130,075 Thousand TRY** in 2025. This represents significant growth compared to the 1,438,088 Thousand TRY profit recorded in 2024.*   **Asset Size:** Total assets rose from 13,300,378 Thousand TRY at the end of 2024 to **33,535,881 Thousand TRY**.*   **Dominance of Factoring Receivables:** Net factoring receivables constitute approximately **96%** of the company's total assets, amounting to 32,222,980 Thousand TRY.*   **Equity Strength:** The company's total shareholders' equity was recorded at **5,303,320 Thousand TRY**. Within this, the paid-in capital stands at 397,500 Thousand TRY.*   **Earnings Per Share:** Earnings per share, which was 3.61 TRY in 2024, increased to **5.35 TRY** in 2025.*   **Operational Efficiency:** The company continues its operations with **11 branches and 122 employees** across Turkey.*   **Auditor's Opinion:** Güney Bağımsız Denetim (EY) issued an **unqualified opinion**, stating that the financial statements present fairly, in all material respects, the financial position of the company.