CELEBI GROUND HANDLING 2025 AR

132 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.) 20. Revenue and cost of sales 1 January - 1 January - 31 December 2025 31 December 2024 Ground handling services 12.122.433.041 9.593.391.799 Revenue from cargo and warehouse services 6.740.196.592 3.789.547.392 Rent and allocation revenue not related to aviation 141.465.813 29.331.844 Less: Returns and discounts (776.364.032) (711.472.109) Revenue 18.227.731.414 12.700.798.926 Cost of sales (11.949.598.110) (8.311.889.977) Gross profit 6.278.133.304 4.388.908.949 21. Expenses by nature 1 January - 1 January - 31 December 2025 31 December 2024 Personnel expenses (7.805.633.020) (5.301.259.089) Payments to authorities and terminal managements (*) (1.482.495.058) (1.041.570.850) Depreciation and amortization expense (711.788.018) (512.010.164) Technical maintenance of equipment, fuel and security expenses (581.175.018) (454.611.099) Travel and transportation expense (55.636.730) (51.296.813) Insurance expense (47.785.748) (51.534.350) Cost of sales (**) (41.485.125) (24.839.687) Concession fees (31.831.998) (22.369.704) Consultancy expenses (11.739.567) (11.308.946) Tax, duties and charge expense (5.390.795) (2.935.059) Other expenses (1.174.637.033) (838.154.216) (11.949.598.110) (8.311.889.977) (*) Payments to authorities and terminal managements are composed of royalty, rental facilities and check-in desks within the airport area, working licenses and similar expenses, office rental expenses and other miscellaneous expenses related to utilization of office area. (**) Aforementioned expenses are composed of sales and utilization cost of de-icing and spare part inventories. 22. General administrative expenses 1 January - 1 January - 31 December 2025 31 December 2024 Consultancy expenses (794.982.288) (559.877.464) Personnel expenses (636.253.991) (471.923.634) Technical maintenance of equipment, fuel and security expenses (98.939.809) (55.019.306) Travel and transportation expense (30.333.708) (31.667.088) Depreciation and amortization expenses (29.292.088) (15.833.853) Tax, duty and fee expenses (28.957.390) (10.576.672) Insurance expenses (20.715.806) (3.724.027) Payments to authorities and terminal managements (12.627.896) (7.023.541) Other expenses (183.528.532) (109.346.470) (1.835.631.508) (1.264.992.055)