CELEBI GROUND HANDLING 2025 AR

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES 86 Çelebi Ground Handling 2025 Annual Report Current Period Prior Period Audited Audited 1 January - 1 January - Notes 31 December 2025 31 December 2024 A. Cash flows from operating activities 3.723.721.158 4.860.164.732 Net profit for the period 3.724.105.357 3.588.308.926 Profit from continued operations 3.449.064.553 2.812.198.086 Profit form discontinued operations 275.040.804 776.110.840 Adjustments for reconciliation of net profit for the period 2.752.250.680 1.985.675.644 Adjustments related to depreciation and amortization expenses 3 1.045.980.510 946.495.040 Adjustments related to impairment (reversal) 6, 26 478.639.536 22.919.432 Adjustments related to provisions 327.826.351 208.558.916 - Adjustments related to provisions for employee benefits 14 237.429.504 200.307.623 - Adjustments related to Other Provisions (Cancellations) 14 90.396.847 8.251.293 Adjustments related to interest income and expenses 227.006.571 144.737.709 - Adjustments related to interest income 6, 27 (294.955.452) (292.871.235) - Adjustments related to interest expenses 6, 28 521.962.023 437.608.944 Adjustments related to unrealized foreign 6, currency translation differences (65.213.087) 737.003 Adjustments related to tax (income) expenses 6,29 753.428.058 682.441.568 Adjustments related to undistributed profit of investments that are accounted by the equity method 6 - 3.871.957 Adjustments related to gains/losses on disposal of non-current assets (9.878.418) (13.683.737) Other adjustments related to non-cash items (5.538.841) (10.402.244) Changes in working capital (1.996.096.402) (134.282.533) Adjustments related to (increase)/decrease in trade receivables (115.097.504) (680.892.331) -(Increase)/decrease in trade receivables from related parties 3.343.182 870.715 -(Increase)/decrease in trade receivables from third parties (118.440.686) (681.763.046) Adjustments related to (increase)/decrease in other receivables related to operations (931.834.649) (366.668.426) Adjustments related to (increase)/decrease in inventories (75.599.252) (17.832.708) (Increase)/decrease in prepaid expenses (223.815.976) (237.276.848) Adjustments related to increase/(decrease) in trade payables 200.339.036 647.149.111 -(Decrease)/increase in trade payables to related parties 74.639.229 74.911.098 -Increase/(decrease) in trade payables to third parties 125.699.807 572.238.013 Increase/(decrease) in payables related to employee benefits (10.058.904) 188.992.578 Adjustments related to (decrease)/increase in other payables related to operations (840.029.153) 332.246.091 Cash flows generated from operations 4.480.259.635 5.439.702.037 Payments related to provisions for employee benefits 14 (278.840.420) (103.103.280) Payments related to other provisions 14 (24.080.570) (4.342.121) Tax returns (payments) (453.617.487) (472.091.904) The accompanying notes form an integral part of these consolidated financial statements. CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE PERIOD 1 JANUARY - 31 DECEMBER 2025 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.)