CELEBI GROUND HANDLING 2025 AR

73 Çelebi Ground Handling 2025 Annual Report INDEPENDENT AUDITOR’S REPORT To the Board of Directors of Çelebi Hava Servisi A.Ş. A) Report on the Audit of the Consolidated Financial Statements 1) Opinion We have audited the consolidated financial statements of Çelebi Hava Servisi A.Ş. (the Company) and its subsidiaries (the Group), which comprise the consolidated statement of financial position as at December 31, 2025, and the consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated statement of cash flows for the year then ended, and notes to the consolidated financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Group as at December 31, 2025, and its consolidated financial performance and its consolidated cash flows for the year then ended in accordance with the Turkish Financial Reporting Standards (TFRS). 2) Basis for Opinion We conducted our audit in accordance with the Independent Auditing Standards (InAS) which are part of the Turkish Auditing Standards as issued by the Public Oversight Accounting and Auditing Standards Authority of Turkey (POA) and adopted within the framework of Capital Markets Board (CMB) regulations. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group in accordance with the Code of Ethics for Independent Auditors (including International Independence Standards) (Code of Ethics) issued by the POA, as applicable to audits of consolidated financial statements of public interest entities, and other ethical requirements included in CMB legislation, together with the ethical requirements that are relevant to the audits of the consolidated financial statements of public interest entities. We have also fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 3) Emphasis of Matter As detailed in Note 1.2, the ground handling and air cargo warehousing activities conducted by the Group through its subsidiaries in India have been suspended due to the unilateral cancellation of security permits in accordance with the decision published by the Bureau of Civil Aviation Security (BCAS) on 15 May 2025. These security permits are mandatory for conducting operations at airports in India. Therefore, it has not been possible for the relevant subsidiaries to continue operations, and activities have been halted as of that date. The legal proceedings initiated by the Group are ongoing as of the date of our audit report, and this matter does not affect the opinion reported by us. Güney Bağımsız Denetim ve SMMM A.Ş. Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İş Merkezi No: 27 Daire: 57, 34485 Sarıyer, İstanbul - Türkiye Tel: +90 212 315 3000 Fax: +90 212 230 8291 ey.com Ticaret Sicil No: 479920 Mersis No: 0-4350-3032-6000017