CELEBI GROUND HANDLING 2023 ANNUAL REPORT

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES 78 Çelebi Ground Handling Inc. 2023 Annual Report The accompanying notes form an integral part of these consolidated financial statements. (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Current Period Prior Period Audited Audited Notes 1 January - 31 December 2023 1 January - 31 December 2022 A. Cash flows from operating activities 2.671.638.355 1.702.571.564 Net profit for the period 1.826.060.885 1.153.990.161 Adjustments for reconciliation of net profit for the period 1.769.689.622 855.529.087 Adjustments related to depreciation and amortization expenses 11,12,13 626.898.399 366.282.358 Adjustments related to impairment (reversal) 30.650.211 2.377.758 Adjustments related to provisions 106.041.313 44.441.575 - Adjustments related to provisions for employee benefits 106.041.313 44.441.575 Adjustments related to interest income and expenses 171.054.647 142.263.490 - Adjustments related to interest income 27 (119.302.896) (63.492.929) - Adjustments related to interest expenses 28 290.357.543 205.756.419 Adjustments related to unrealized foreign currency translation differences (36.915.426) (8.514.760) Adjustments related to tax (income) expenses 895.605.891 302.736.702 Adjustments related to undistributed profit of investments that are accounted by the equity method 6 (901.875) 6.329.697 Adjustments related to gains/losses on disposal of non-current assets (22.743.538) (387.733) Changes in working capital (342.441.560) (105.334.191) Adjustments related to (increase)/decrease in trade receivables (864.118.680) (195.023.219) - (Increase)/decrease in trade receivables from related parties (2.531.861) (1.092.294) - (Increase)/decrease in trade receivables from third parties (861.586.819) (193.930.925) Adjustments related to (increase)/decrease in other receivables related to operations (378.404.759) (275.527.986) Adjustments related to (increase)/decrease in inventories (71.724.247) (23.847.018) (Increase)/decrease in prepaid expenses (282.100.013) (104.450.489) Adjustments related to increase/(decrease) in trade payables 533.815.438 152.334.062 - (Decrease)/increase in trade payables to related parties 56.717.834 (8.488.197) - Increase/(decrease) in trade payables to third parties 477.097.604 160.822.259 Increase/(decrease) in payables related to employee benefits 288.229.774 114.343.662 Adjustments related to (decrease)/increase in other payables related to operations 431.860.927 226.836.797 Cash flows generated from operations 3.253.308.947 1.904.185.057 Payments related to provisions for employee benefits 14 (106.978.273) (21.068.988) Payments related to other provisions (1.355.477) (3.903.715) Tax returns (payments) (473.336.842) (176.640.790) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2023