CELEBI GROUND HANDLING 2025 AR

109 Çelebi Ground Handling 2025 Annual Report ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2025 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) The operational segment information provided to the board of directors as of 31 December 2025 is as follows: Operation Groups Ground Cargo and Warehouse Consolidation After 1 January - 31 December 2025 Handling Services Adjustments Consolidation Revenue 14.768.878.086 6.814.578.043 (3.355.724.715) 18.227.731.414 Cost of sales (10.779.097.085) (3.631.943.124) 2.461.442.099 (11.949.598.110) Gross profit 3.989.781.001 3.182.634.919 (894.282.616) 6.278.133.304 General administrative expenses (1.658.577.650) (611.357.670) 434.303.812 (1.835.631.508) Addition: Depreciation and amortization 714.176.292 331.804.218 - 1.045.980.510 Addition: TFRIC -12 effect shares 6.047.521 - - 6.047.521 Addition: Provision for employment termination benefit and unused vacation 172.713.199 33.209.131 - 205.922.330 Addition: Income from derivative transactions 35.125.974 7.153.386 - 42.279.360 EBITDA 3.259.266.337 2.943.443.984 (459.978.804) 5.742.731.517 Lease expenses under TFRS 16 (102.852.759) (497.597.140) - (600.449.899) EBITDA (Except for TFRS 16) 3.156.413.578 2.445.846.844 (459.978.804) 5.142.281.618 The operational segment information provided to the board of directors as of 31 December 2024 is as follows: Operation Groups Ground Cargo and Warehouse Consolidation After 1 January - 31 December 2024 Handling Services Adjustments Consolidation Revenue 12.853.292.450 6.424.675.221 (6.577.168.745) 12.700.798.926 Cost of sales (9.211.202.447) (4.069.395.047) 4.968.707.517 (8.311.889.977) Gross profit 3.642.090.003 2.355.280.174 (1.608.461.228) 4.388.908.949 General administrative expenses (1.315.635.604) (392.832.233) 443.475.782 (1.264.992.055) Addition: Depreciation and amortization 632.547.913 313.947.127 - 946.495.040 Addition: TFRIC -12 effect shares - 89.234.959 - 89.234.959 Addition: Provision for employment termination benefit and unused vacation 181.591.778 22.850.469 - 204.442.247 Addition: Income from derivative transactions 35.023.409 - - 35.023.409 EBITDA effect of investments accounted by using equity method (5.155.276) - - (5.155.276) EBITDA 3.170.462.223 2.388.480.496 (1.164.985.446) 4.393.957.273 Lease expenses under TFRS 16 (100.617.340) (341.374.300) - (441.991.640) EBITDA (Except for TFRS 16) 3.069.844.883 2.047.106.196 (1.164.985.446) 3.951.965.633 (*) Depreciation amounting to TL 305.235.102 and TL 423.908.204 for the periods between 1 January - 31 December 2025 and 2024, respectively, has been classified under discontinued operations.