CELEBI GROUND HANDLING 2025 AR

112 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.) Shares of profit/loss from investments accounted using the equity method: 1 January- 1 January- 31 December 2025 31 December 2024 DASPL - (3.871.957) - (3.871.957) Summary information of financial statements of the investment accounted by using the equity method: 31 December 2024 31 December 2025 Total Assets 117.628.488 - Total Liabilities 11.007.497 - 1 January- 1 January- 31 December 2024 31 December 2025 Total Sales Income - - Profit/(Loss) for the Period (*) (15.494.024) - (*) DASPL has been liquidated as of 21 April 2025 as detailed in note 1. b) Discontinued operations The security permits required for the Company to conduct ground handling and cargo warehouse operations through its subsidiaries in India were revoked by the Bureau of Civil Aviation Security (BCAS) on 15 May 2025. As a result, the operations of the relevant subsidiaries were terminated due to the unilateral termination of concession agreements by the respective airport authorities, which was directly linked to the cancellation of the security permits. Following this development, the Company’s management has initiated legal proceedings with the relevant authorities in India regarding the revocation of the security permits. These legal processes are currently ongoing. The Group has assessed the financial impacts of the suspension of its operations in India as of 15 May 2025, in accordance with the provisions of Turkish Financial Reporting Standards (TFRS). Accordingly, the income and expense accounts of the relevant subsidiaries have been presented under the “Profit/Loss from Discontinued Operations” line item in the consolidated financial statements from 1 January 2025 forwards. Furthermore, following the satisfaction of the criteria required under TFRS 5 as a result of the discussions held with the airport authorities regarding the sale of property, plant and equipment as of 15 May, the Company’s management classified the net carrying amounts of its property, plant and equipment located in India as assets related to disposal groups classified as held for sale as at 31 December 2025.