ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 136 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 net debt/(equity+net debt) ratio as of 31 December 2024 and 2023 is as follows: 31 December 2024 31 December 2023 Total financial liabilities 6.480.597.438 6.201.544.438 Less: Cash and cash equivalents (3.358.479.089) (1.029.437.212) Less: Time deposits (1.527.343.047) (2.618.860.925) Less: Restricted bank balances (196.743.920) (160.562.752) Net debt (*) 1.398.031.382 2.392.683.549 Net debt (Except for the impact of TFRS 16) (1.698.180.233) (619.695.587) Shareholder’s equity 7.675.814.640 5.214.969.092 Capital invested 9.073.846.022 7.607.652.641 Net debt/capital invested 15,41% 31,45% (*) As of 31 December 2024, TL 3.096.211.615 of the net debt consists of the lease amounts discounted in accordance with IFRS 16 effective as of 1 January 2019 (31 December 2023: TL 3.012.379.136). 33. Fees for services received from independent audit firm The fees for the services received by the Company from the Independent Audit Firm (IAF) in the periods of 1 January - 31 December 2024 and 1 January - 31 December 2023 are as follows: 2024 2023 IAF Other IAF Total Other IAF Total IAF Independent audit fee for the reporting period 13.981.585 - 13.981.585 6.623.074 - 6.623.074 Fee for other assurance services 2.668.937 - 2.668.937 1.918.929 - 1.918.929 Fees for services other than independent audit 249.581 - 249.581 75.000 - 75.000 16.900.103 - 16.900.103 8.617.003 - 8.617.003 34. Events after the balance sheet date On 6 March 2025, a capital payment of IDR 82.051.200.000 (approximately USD 5.1 million) was made in line with the 99% share ratio of the capital of PT Celebi Aviation Indonesia (“CAI”), which is established for the purpose of airport ground handling services with a capital of IDR 83.160.000.000 resident in Jakarta, Indonesia, and its subsidiary share reached IDR 165.211.200.000.