CELEBI GROUND HANDLING 2025 AR

30 Çelebi Ground Handling 2025 Annual Report Liquidity Risk The cash flow, made up of repayment times and amounts of loans, is managed in view of the amount of free cash flow to be generated by the Group on its activities. Therefore, while the option of debt repayment with the cash generated on activities when necessary is kept available on one hand, sufficient number of reliable and high-quality lending resources are kept accessible on the other. Credit Risk Credit risk consists of cash and cash equivalents, deposits held with banks, and customers exposed to credit risk that cover uncollected receivables. With respect to the management of the credit risk concerning its receivables from customers, the Company identifies a risk limit individually for each customer (excluding related parties) using bank and other guarantees, and the customer carries out its business transactions so as not to exceed this risk limit. In the absence of these guarantees or in cases where they are required to be exceeded, transactions are carried out within internal limits set by procedures. Exchange Rate Risk Taking into consideration the significantly volatile course adopted in the past by the Turkish Lira against major foreign currencies and its over-valuation, the Group espoused a conservative monetary position and financial risk management policy. The Group is exposed to exchange rate risk due to its operations conducted in numerous currency units. Efforts are spent to keep the ratio of the amount of positions of these currencies among themselves or against Turkish Lira to total shareholders’ equity within certain limits. To this end, foreign currency position is continually analyzed, and the exchange rate risk is managed using balance sheet transactions, or when necessary, off-balance sheet derivative instruments. Capital Risk The Company’s goals in managing the capital is to be able to ensure the continuity of the Company’s activities to sustain the optimum capital structure for the purpose of providing returns for its shareholders and benefits for its other stakeholders, and for minimizing the cost of capital. The Company’s shareholders may, to the extent allowed by the CMB legislation, alter the amount of dividends paid to shareholders, return the capital to shareholders, issue new shares and sell its assets to decrease indebtedness in order to preserve or reformulate the capital structure. Along with the other companies in the sector, the Company monitors the capital by utilizing the debt/capital ratio, which is net indebtedness divided by total capital. Net debt is total debt less cash and cash-equivalent assets and deferred tax liabilities. Total capital is the shareholders’ equity and net debt as shown in the balance sheet. VI - OTHER MATTERS 16. CHANGES TO THE ARTICLES OF ASSOCIATION AND COMPANY POLICIES None. 17. ENVIRONMENT AND SUSTAINABILITY Çelebi Hava Servisi A.Ş. and its subsidiaries (hereinafter collectively referred to as the “Group” or “ÇHS”) are obligated to publish sustainability reports compliant with the Türkiye Sustainability Reporting Standards (“TSRS”), which entered into force for accounting periods beginning on or after 1 January 2024 pursuant to the Official Gazette dated 29 December 2023 and numbered 32414 (Duplicate). As the Group is subject to the regulation and supervision of the Capital Markets Board of Türkiye, it falls within the scope of this obligation. Accordingly, our first TSRS report, published in 2025 based on the financial reporting period covering 1 January -31 December 2024, was prepared in compliance with TSRS 1 (General Requirements for Disclosure of Sustainability-related Financial Information) and TSRS 2 (Climate-related Disclosures), in accordance with the Public Oversight, Accounting and Auditing Standards Authority’s (“KGK”) Board Resolution dated 27 December 2023 regarding the Scope of Implementation of TSRS, and was disclosed to the public through the Public Disclosure Platform (“KAP”). BOARD OF DIRECTORS 2025 Annual Report