Sabancı Group in Brief

Hacı Ömer Sabancı Holding A.Ş. (Sabancı Holding) is Türkiye’s leading investment holding company, managing a diversified portfolio across banking and financial services, energy and climate technologies, material technologies and digital technologies. Built on a century-long entrepreneurial heritage in Türkiye, Sabancı Holding operates with a long-term perspective grounded in resilience, disciplined capital allocation, and responsible value creation across cycles and geographies.

Our purpose is to unite Türkiye and the World for a sustainable life with leading enterprises. This purpose guides how we invest, govern, and create value. It anchors our contribution to Türkiye’s economic backbone while extending our impact globally. Our culture, defined by sincerity, courage, inclusion, passion, and continuous development, translates this purpose into strategy and disciplined execution, supporting a business model designed to endure through transformation and lead the transition toward a future-proof portfolio.

Sabancı builds on its strong foundations in Türkiye by continuing to invest where it operates, while scaling its capabilities globally through partnerships based on trust, shared governance, and long-term alignment. At the core of Sabancı’s approach lies a distinct DNA that connects values to capabilities and strategic differentiation. This DNA enables the Group to adapt to disruption, scale through change, and perform consistently in complex environments, supporting leadership across economic, technological, and sustainability transitions.

Sabancı Holding’s strategy is built on foresight, agility, and disciplined execution. Through this active portfolio management, we allocate capital with discipline and a clear focus on returns prioritizing systems that form the infrastructure of next-generation economies, including clean energy and storage, resilient grids, advanced and low-carbon materials, sustainable digital infrastructure, and banking and finance as stabilizing enablers. Positioned at the intersection of green and digital transitions, the portfolio benefits from adjacencies that reinforce scalable, sustainable growth.

The Holding coordinates Group-wide functions including finance, strategy, business development, legal, human capital, and sustainability through an integrated governance and operating model that supports alignment across the portfolio while enabling agility, discipline, and consistency in decision-making.

Governance at Sabancı is designed as a strategic system rather than a compliance framework. It strengthens disciplined capital allocation and connects strategy with execution across a diversified portfolio and global footprint. Through this system, we manage risk with foresight, balance short-term pressures with long-term sustainability, and convert uncertainty into opportunity, supporting resilient performance across business cycles. Performance is reinforced through incentive systems aligned with long-term value creation, where financial outcomes are assessed alongside non-financial indicators, including ESG performance and operational excellence. Dedicated Board committees provide focused oversight on risk, audit, remuneration, and sustainability-related matters within a unified governance structure.

As of the end of 2025, Sabancı Group operates in 18 countries with more than 63 thousand employees and maintains long-standing partnerships with leading global companies, including Ageas, Bridgestone, Carrefour, E.ON, Heidelberg Materials, and Skoda.

 

 

Our Shareholding Structure

Sabancı Family jointly controls Sabancı Holding as a majority shareholder, while 53.2% of the Holding’s shares are publicly traded.

 

Note: Free float as of December 31, 2025 per MKK (Central Securities Depository) data, https://www.vap.org.tr/
Institutional and retail investor breakdowns per Foreks data.

 

Sabancı Holding Share

Sabancı Holding shares have been listed on Borsa Istanbul since July 8, 1997 and trade under the ticker SAHOL on the Borsa Istanbul Stars Market. As of year-end 2025, Sabancı Holding and its 11 listed subsidiaries: Akbank, Aksigorta, Agesa, Brisa, Carrefoursa, Çimsa, Afyon Çimento (a listed subsidiary 51% owned by Çimsa), Enerjisa Enerji, Kordsa, Teknosa, and Akçansa; together represent approximately 5% of Borsa Istanbul’s total market capitalization, reflecting the Group’s significant presence within Türkiye’s capital markets.

SAHOL stands out with a free float ratio of 53.2%, compared to an average free float ratio of 27.5% across Borsa Istanbul (BIST). This profile has supported broad investability and liquidity, positioning SAHOL consistently among the top 10 companies by average free float market capitalization and among the top 20 by average daily turnover over the past five years, including 2025.

Over the same five-year period, SAHOL delivered a total return of 888% in TL terms and 152% in USD terms, outperforming the BIST-30 Index by 145% in TL and 25% in USD. This performance reflects Sabancı Holding’s disciplined capital allocation, resilient cash flow generation, and balance sheet strength, alongside a deliberate transformation in portfolio composition.

During this period, Net Asset Value (NAV) increased by more than 50%, driven primarily by the scaling of Energy and Climate Technologies and Material Technologies. This evolution increased exposure to higher-growth and higher-return businesses and supported a rising share of FX-linked revenues, resulting in a more balanced and resilient NAV structure and reinforcing long-term value creation.

Effective portfolio execution, combined with structured investor relations practices and clear, timely communication, contributed to stronger investor engagement and broader analyst coverage. As of the end of 2025, Sabancı Holding is covered by 18 analysts, all of whom maintain a BUY recommendation.

SAHOL’s foreign institutional investor base spans over 40 countries, reflecting a geographically diversified structure led primarily by investors from the United States, the United Kingdom, and Europe.

 

MARKET HIGHLIGHTS

 

Our Subsidiaries and Joint Ventures

* Including Akçansa, 45%.
** Total effective ownership interest (Sabancı Holding 49%, DxBV 51%)
*** Total effective ownership interest indirectly through DxBV 65% and Sabancı Ventures 10.5%.
(1) Market values for listed assets, independent valuation for Enerjisa Üretim, Sabancı Building Solutions and Sabancı Climate Technologies, and book values for the rest of unlisted assets. NAV shares under SBUs represent share in total NAV excluding Holding-only Cash. Total NAV excluding cash: USD 9.6 billion.
(2) Active customers per MIS data
(3) w/o forbearances. Forbearances: fixing mark-to-market losses of securities & FX rate for RWA calculation to 28.06.2024 FX rate for 2025.

 

Sabancı Holding at a Glance

 

Financial Performance +

Portfolio Scale and Profitability

Anchored by Banking and Energy, diversified across Materials, Mobility, Digital and Retail

Net Asset Value (exc. cash): USD 9.6 billion

Combined Revenue: TL 1,624 billion

Combined EBITDA: L 182 billion

Consolidated Net Income: TL 3.8 billion (after minority interest)

Consolidated ROE: 1.0%

Balance Sheet Strength and Financial Resilience

Strong holding-level liquidity and prudent leverage supporting resilience across cycles

Holding Only Net Cash Position: TL 8.5 billion

Non-Bank Net Debt/EBITDA: 1.6x
(Combined)

Non-Bank Operating Cash Flow: TL 89.3 billion
(Combined)

Consolidated Net Debt / Total Capital: 85%

Investment Discipline

Disciplined reinvestment focused on capacity expansion, efficiency, and future growth

Non-Bank Combined CAPEX / Sales: 12.3%

Shareholder Returns

Consistent shareholder returns supported by a disciplined dividend policy

Dividends per Share: TL 3 (Distributed in 2025)

2029 Guidance +

Clear medium-term targets for a sustainable, digital, and scalable portfolio

Net Asset Value: USD 20 billion

FX Share in Revenues: ≥30%

WACC-Adjusted Return: +120-150 bps

Net Debt/EBITDA: ≤2.0x

CAPEX/Revenues: 15-20%

Targets, Commitments & ESG Performance +

Responsible Investment Targets

Capital allocation aligned with sustainable finance, SDG impact, and innovation

• Sustainable Finance Pledge
  Akbank targets to reach TL 800 billion in sustainable financing by 2030.
• SDG-linked Investment Pledge
  Cumulative SDG-linked investments to reach USD 5 billion by 2027.
• Ratio of SDG-linked R&D and Innovation Investments
  More than 70% by 2025.

Our Nature Agenda Targets

Nature-based approach driving resource efficiency across operations

• Net Zero Emissions by 2050
• 42% reduction in Scope 1 & 2 emissions by 2030
  (versus 2021 baseline)
• Zero Waste by 2050
• Circular Economy and Water Management
  (qualitative and quantitative targets)

Our Social Agenda Targets

Inclusive growth driven by diversity

• Gender Equality
  50% women leaders at Holding by 2030.
• Diversity and Inclusion
  - 50% representation of women in STEM positions by 2030.
  - 50% representation of women in revenue-generating managerial roles by 2030.

ESG Indices & Ratings Performance

Strong performance across global ESG benchmarks and indices

• MSCI ESG Ratings – AA
• LSEG ESG Ratings – A
• S&P Dow Jones Indices – S&P Global Sustainability Yearbook Member
• Borsa Istanbul Sustainability Indices – Listed in XSD25 & XUSRD
• CDP – Global A List, Double A rating in Climate Change and Water Security

 

Note: For detailed information on 2029 Guidance, please refer to Strategy 2029 chapter.

Download About Sabancı Holding Section

About Sabancı Holding

• Sabancı Group in Brief
• Our Shareholding Structure and Sabancı Holding Share
• Our Subsidiaries and Joint Ventures
• Sabancı Holding at a Glance
• Sabancı Holding in Numbers