ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 104 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Çelebi Ground Handling 2024 Annual Report The operational segment information provided to the board of directors as of 31 December 2023 is as follows: Operation Groups Ground Cargo and Warehouse Consolidation After 1 January - 31 December 2023 Handling Services Adjustments Consolidation Revenue 7.130.392.196 3.767.236.112 (32.810.901) 10.864.817.407 Cost of sales (4.704.603.842) (2.526.765.227) 33.739.236 (7.197.629.833) Gross profit 2.425.788.354 1.240.470.885 928.335 3.667.187.574 General administrative expenses (803.883.748) (213.869.718) 3.342.007 (1.014.411.459) Addition: Depreciation and amortization 402.328.256 224.570.143 - 626.898.399 Addition: TFRIC -12 effect shares - 50.001.923 - 50.001.923 Addition: Provision for employment termination benefit and unused vacation 93.890.893 11.924.422 - 105.815.315 EBITDA effect of investments accounted by using equity method (137.653) - - (137.653) EBITDA 2.117.986.102 1.313.097.655 4.270.342 3.435.354.099 Lease expenses under TFRS 16 (258.639.168) (77.171.589) - (335.810.757) EBITDA (Except for TFRS 16) 1.859.346.934 1.235.926.066 4.270.342 3.099.543.342 The reconciliation of EBITDA with operating profit before tax is as follows: 1 January - 31 December 2024 1 January - 31 December 2023 EBITDA of reportable operating segments 5.586.451.113 3.435.354.099 Depreciation and amortization expenses (946.495.040) (626.898.399) Impact of TFRYK 12 (89.234.959) (50.001.923) Severance pay and unused vacation provisions (204.442.247) (105.815.315) Derivative transactions (35.023.409) - Other income from operating activities 213.015.904 445.146.670 Other expenses from operating activities (-) (270.262.660) (336.655.040) Impact of investments accounted for using the equity method on EBITDA 5.155.276 137.653 Operating profit 4.259.163.978 2.761.267.745 Income from investment activities 15.568.967 30.269.535 Expenses from investment activities (-) (1.885.230) (7.525.997) Financial income 672.138.072 406.313.592 Financial expenses (-) (669.985.570) (469.559.974) Monetary gain/(loss) (377.766) - Profit/(loss) before tax 4.274.622.451 2.720.764.901