CELEBI GROUND HANDLING 2023 ANNUAL REPORT

22 Çelebi Ground Handling Inc. 2023 Annual Report IV- FINANCIAL STANDING 11. KEY FINANCIAL RATIOS The key ratios showing our Company’s financial structure, profitability, and debt-servicing were calculated on the basis of the consolidated financial statements dated 31 December 2023 and 31 December 2022. 31 December 2023 31 December 2022 Current Ratio (Current Assets/Current Liability) 1.26 1.49 Cash Ratio (Cash Assets/Current Liabilities) 0.70 0.96 Short-Term Liabilities/Total Liabilities 48.32% 44.59% External Resources/Shareholders’ Equity 192.60% 147.57% 31 December 2023 31 December 2022 Average Collection Time 31.53 33.86 Gross Profit Margin 33.75% 37.04% Operating Profit (Loss)/Net Sales Revenues 25.41% 29.01% Operating Profit (Loss)/Total Assets 18.10% 17.18% EBITDA/Net Sales Revenues 31.62% 34.69% 12. INFORMATION ABOUT PRODUCTION AND SALES OF GOODS AND SERVICES The number of aircraft serviced by our Company in the year ended 31 December 2023 is stated below: Number of Aircraft Serviced 2023 January-December 2022 January-December 2023-2022 % International Flights 44,566 38,482 18.1 Domestic Flights 50,178 42,052 24.1 Turkey Total 94,744 80,534 21.1 Celebi NAS 31,893 27,416 3.0 CASI 35,327 35,723 18.6 India 67,220 63,139 7.7 Hungary 30,786 29,725 12.5 Grand Total 192,750 173,398 14.9 The weights of cargo handled by the Company in 2023 are stated below: Group (Consolidated) 31.12.2023 31.12.2022 Express Cargo Domestic WT (Import) WT (Export) Express Cargo Domestic WT (Import) WT (Export) Celebi Delhi Cargo (India) 33,7031 118,510 153,233 136,926 22,785 78,189 134,570 131,353 Celebi Cargo GmbH (Germany) - - 62,617 95,894 - - 67,064 104,501 Çelebi Hava Servisi A.Ş. - - 23,754 39,137 - - 21,848 43,972 Celebi GHH (Hungary) - - 38,243 19,341 - - 41,614 24,254 Total (tons) 33,031 118,510 277,847 291,298 22,785 78,189 265,096 304,080 BOARD OF DIRECTORS 2023 Annual Report