ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 124 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 20. Revenue and cost of sales 1 January - 31 December 2024 1 January - 31 December 2023 Ground handling services 13.159.601.921 7.465.634.645 Revenue from cargo and warehouse services 6.425.730.298 3.600.787.140 Rent and allocation revenue not related to aviation 304.146.302 198.735.061 Less: Returns and discounts (711.472.109) (400.339.439) Revenue 19.178.006.412 10.864.817.407 Cost of sales (13.176.597.415) (7.197.629.833) Gross profit 6.001.408.997 3.667.187.574 21. Expenses by nature 1 January - 31 December 2024 1 January - 31 December 2023 Personnel expenses (6.899.826.483) (3.861.748.057) Concession expenses (1.945.971.887) (1.176.336.012) Payments to authorities and terminal managements (*) (1.296.781.205) (785.293.054) Depreciation and amortization expense (927.093.427) (626.898.399) Technical maintenance of equipment, fuel and security expenses (843.322.143) (505.735.926) Expenses within the scope of TFRIC 12 (**) (88.891.143) (50.001.922) Insurance expense (84.466.773) (55.739.890) Travel and transportation expense (53.887.375) (40.106.472) Cost of sales (***) (24.839.687) (66.656.892) Consultancy expense (15.267.717) (470.075.519) Other expenses (996.249.575) (573.449.149) (13.176.597.415) (8.212.041.292) (*) Payments to authorities and terminal managements are composed of royalty, rental facilities and check-in desks within the airport area, working licenses and similar expenses, office rental expenses and other miscellaneous expenses related to utilization of office area. (**) Aforementioned expenses are composed of construction costs calculated in accordance with TFRIC 12 and provisions for other liabilities within the scope of concession agreement. (***) Aforementioned expenses are composed of sales and utilization cost of de-icing and spare part inventories.