ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 82 Çelebi Ground Handling 2024 Annual Report Current Period Prior Period Audited Audited Notes 1 January - 31 December 2024 1 January - 31 December 2023 A. Cash flows from operating activities 4.860.164.732 2.671.638.355 Net profit for the period 3.588.308.926 1.826.060.885 Adjustments for reconciliation of net profit for the period 1.985.675.644 1.769.689.622 Adjustments related to depreciation and amortization expenses 11,12,13 946.495.040 366.282.358 Adjustments related to impairment (reversal) 22.919.432 2.377.758 Adjustments related to provisions 208.558.916 44.441.575 - Adjustments related to provisions for employee benefits 200.307.623 44.441.575 - Adjustments related to Other Provisions (Cancellations) 8.251.293 - Adjustments related to interest income and expenses 144.737.709 171.054.647 - Adjustments related to interest income 27 (292.871.235) (119.302.896) - Adjustments related to interest expenses 28 437.608.944 290.357.543 Adjustments related to unrealized foreign currency translation differences 737.003 (36.915.426) Adjustments related to tax (income) expenses 682.441.568 895.605.891 Adjustments related to undistributed profit of investments that are accounted by the equity method 6 3.871.957 (901.875) Adjustments related to gains/losses on disposal of non-current assets (13.683.737) (22.743.538) Other adjustments related to non-cash items (10.402.244) - Changes in working capital (134.282.533) (342.441.560) Adjustments related to (increase)/decrease in trade receivables (680.892.331) (864.118.680) -(Increase)/decrease in trade receivables from related parties 870.715 (2.531.861) -(Increase)/decrease in trade receivables from third parties (681.763.046) (861.586.819) Adjustments related to (increase)/decrease in other receivables related to operations (366.668.426) (378.404.759) Adjustments related to (increase)/decrease in inventories (17.832.708) (71.724.247) (Increase)/decrease in prepaid expenses (237.276.848) (282.100.013) Adjustments related to increase/(decrease) in trade payables 647.149.111 533.815.438 -(Decrease)/increase in trade payables to related parties 74.911.098 56.717.834 -Increase/(decrease) in trade payables to third parties 572.238.013 477.097.604 Increase/(decrease) in payables related to employee benefits 188.992.578 288.229.774 Adjustments related to (decrease)/increase in other payables related to operations 332.246.091 431.860.927 Cash flows generated from operations 5.439.702.037 3.253.308.947 Payments related to provisions for employee benefits 14 (103.103.280) (106.978.273) Payments related to other provisions (4.342.121) (1.355.477) Tax returns (payments) (472.091.904) (473.336.842) The accompanying notes form an integral part of these consolidated financial statements. (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2024