CELEBI GROUND HANDLING 2025 AR

143 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.) 31 December 2024 TL Equivalent USD Euro GBP TL 1. Trade Receivables 317.715.110 3.778.044 2.683.886 83.216 81.713.296 2. Monetary Financial Assets 1.706.808.949 15.346.144 19.558.064 67.804 441.621.150 3. Other 685.157.544 224.457 9.705.814 600 320.000.469 4. Current Assets (1+2+3) 2.709.681.603 19.348.645 31.947.764 151.620 843.334.915 5. Other 552.036.000 - 15.000.000 - - 6. Non-Current Assets (5) 552.036.000 - 15.000.000 - - 7. Total Assets (4+6) 3.261.717.603 19.348.645 46.947.764 151.620 843.334.915 8. Trade Payables 794.408.689 3.435.110 82.574 600 669.933.264 9. Financial Liabilities 347.667.041 - 8.414.400 - 37.996.926 10. Other Monetary Liabilities 582.851.128 448.483 6.359 87.365 562.883.700 11. Current liabilities (8+9+10) 1.724.926.858 3.883.593 8.503.333 87.965 1.270.813.890 12. Financial Liabilities 1.288.406.384 - 33.846.039 - 42.790.918 13. Other Monetary Liabilities 2.298.489 - - - 2.298.489 14. Non-Current Liabilities (12+13) 1.290.704.873 - 33.846.039 - 45.089.407 15. Total Liabilities (11+14) 3.015.631.731 3.883.593 42.349.372 87.965 1.315.903.297 16. Net Foreign Currency Asset/(Liability) Position (7-15) 246.085.872 15.465.052 4.598.392 63.655 (472.568.382) 17. Net Monetary Foreign Currency Asset/ (Liability) Position (7-15) 246.085.872 15.465.052 4.598.392 63.655 (472.568.382) Capital risk management The Group’s objectives when managing capital is able to maintain operations of the Group for maintaining optimal capital structure in order to provide return for its shareholders, reduce capital cost and benefit for other shareholders. The shareholders of the Company, in order to maintain or modify capital structure, can change the amount of dividends paid to shareholders, return capital to shareholders, issue new shares and sell assets to decrease financing needs, in consistency with the regulations of the CMB. Consistent with others in the industry, the Group monitors capital on the basis of the debt/equity ratio. This ratio is found by dividing net debt to total capital. Net debt is calculated as total liabilities less cash and cash equivalents. Total capital invested is calculated as equity, as shown in the balance sheet, plus net debt.