Gedik Morning Bul: Comment on 2Q25 Earnings of TOASO, TTRAK, MPARK

The BIST is expected to open cautiously after Monday’s weakness, which was driven by foreign outflows. Support is seen at 10,400, while 10,700 remains a key resistance. Investor focus will shift to earnings, with major names such as Akbank, Tüpraş, and Tav Havalimanları set to report results after the close, which may drive stock-specific volatility into the evening.

Stock in Trade

• Tofas (TOASO TI, Marketperform, TP TL270.98/share) reported an inflation adjusted net profit of TL1,751mn (cons: TL1,044mn, Gedik: TL1,304mn) in 2Q25. (Neutral)· Turk Traktor (TTRAK TI, Marketperform, TP TL786.37/share) reported an inflation adjusted net profit of TL338mn (cons: TL305mn, Gedik: TL424mn) in 2Q25, representing a 87% real decrease YoY. (Neutral)

  · MLP Care (MPARK TI, MarketPerform, TP 455TL/share) reported net profit of TL1,045mn, in line with estimates (Slightly Positive)

  · Share buyback / Insider buys: LKMNH (82k– 0.04%), MAVI (100k-0.01%)