CELEBI GROUND HANDLING 2025 AR

110 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 reconciliation of EBITDA with operating profit before tax is as follows: 1 January - 1 January - 31 December 2025 31 December 2024 EBITDA of reportable operating segments 5.742.731.517 4.393.957.273 Depreciation and amortization expenses (1.045.980.510) (946.495.040) Impact of TFRYK 12 (6.047.521) (89.234.959) Severance pay and unused vacation provisions (205.922.330) (204.442.247) Derivative transactions (42.279.360) (35.023.409) Other income from operating activities 162.490.521 199.801.815 Other expenses from operating activities (-) (415.922.155) (243.573.802) Impact of investments accounted for using the equity method on Ebitda - 5.155.276 Operating profit 4.189.070.162 3.080.144.907 Income from investment activities 9.878.418 1.535.608 Expenses from investment activities (-) (13.809.812) (1.885.230) Financial income 370.409.767 483.721.705 Financial expenses (-) (727.692.750) (442.629.628) Monetary gain/(loss) 89.214 (377.766) Profit/(loss) before tax 3.827.944.999 3.120.509.596 4. Cash and cash equivalents 31 December 2025 31 December 2024 Cash 3.739.271 3.405.763 Banks 3.768.026.885 4.357.589.342 - time deposit 3.078.125.464 1.002.516.016 - demand deposit 689.901.421 3.355.073.326 3.771.766.156 4.360.995.105 As of 31 December 2025, the effective interest rates for time deposits in Turkish Lira (TL), Euro, US Dollar, and Indian Rupee are 33,96%-38,50%, 0,75%-2,37%, 1,25%-2,00%, and 4,00%-7,20%, respectively (31 December 2024: TL 43,50%-47,00%, Euro 0,1%-2,94%, US Dollar 0,50%-2,50%, Indian Rupee 4,50%-7,25%). As of 31 December 2025, the maturities of time deposits are 1-90 day fors TL, 1-10 days US Dollar, 1-175 days for Euro, 30-550 days for Indian Rupee and 1-47 days for Endonisan Rupee. (31 December 2024: 1 day for TL, US Dollar, 1-58 days for Euro, and 30-365 days for Indian Rupee). As of 31 December 2025, there is a restricted bank balance amounting to 33.643.698 TL. The details of cash and cash equivalents presented in the statements of cash flows as of 31 December 2025 and 2024 are as follows: 31 December 2025 31 December 2024 Cash on hand and cash at banks 3.771.766.156 4.360.995.105 Less: Interest accruals (5.538.841) (835.281) Less: Restricted balances (33.643.697) (138.021.569) 3.732.583.618 4.222.138.255