CELEBI GROUND HANDLING 2025 AR

90 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.) Furthermore, following the satisfaction of the criteria required under TFRS 5 as a result of the discussions held with the airport authorities regarding the sale of property, plant and equipment as of 15 May, the Company’s management classified the net carrying amounts of its property, plant and equipment located in India as assets related to disposal groups classified as held for sale as at 31 December 2025. As of 31 December 2025, the Group’s management has conducted assessments to evaluate any potential impairment of current and non-current assets and any provisions for potential liabilities of its Indian subsidiaries. A summary of the results of these assessments is presented below: 1. Trade Receivables: There is no significant collection risk associated with the total trade receivables amounting to TL 512.651.779 belonging to the subsidiaries in India as reflected in the consolidated financial statements; the Group management anticipates that all receivables are collectible. 2. Inventories: There are no indicators of impairment related to the total inventories amounting to TL 51.986.254 belonging to the subsidiaries in India as reflected in the consolidated financial statements. 3. Deposits under Concession Agreements and TFRIC 12 Assets: The total deposits amounting to TL 2.065.465.669 and TFRIC 12 assets related to the subsidiaries in India, as reflected in the consolidated financial statements, are largely secured by the relevant provisions of the concession agreements. While there is no significant doubt regarding their recoverability, the Group management has allocated an impairment provision of TL 381.439.217 under and TL 83.830.161 respectively for TFRIC 12 Assets and security deposits. Following the impairment assessment, the remaining deposits for which cash collection is expected have been transferred to the “other receivables” account. 4. Property, Plant, and Equipment: The Group management has conducted impairment tests on the total property, plant, and equipment amounting to TL 1.022.694.297 belonging to the subsidiaries in India, considering their future usage purposes. No impairment was identified in the tests conducted. All property, plant and equipments have been accounted as assets held for sale as of 31 December 2025. 5. Prepaid Expenses: Following the examinations of the total prepaid expenses amounting to TL 374.223.049 belonging to the subsidiaries in India as reflected in the consolidated financial statements, the Group management did not identify any prepaid expenses with doubts regarding their recoverability. 1.3 Associate Associate The associate of the Group accounted using the equity method is as follows: Associate Country Nature of Business Delhi Aviation Services Private Limited (“DASPL”) India Ground handling services CASI, one of the Group’s subsidiaries, has invested 16.66% in DASPL, a company based in New Delhi, India, with a paid-in capital of 250,000,000 Indian Rupees. DASPL was established to ensure that the ventilation, generator, and potable water services mounted on the passenger bridges at the airport passenger terminal are carried out in accordance with international standards. On 14 November 2016, CASI acquired an additional 8.33% stake in DASPL, increasing the Group’s ownership in DASPL to 24.99%. The Group accounts for DASPL using the equity method in its consolidated financial statements. DASPL’s operations ceased as of 1 April 2022, and the net loss for the period following 31 March 2022, is presented under “Profit/(Loss) from Discontinued Operations.” As of 31 December 2025, the Group’s consolidated financial statements encompass the Company, CGHH, Çelebi Kargo, Çelebi Cargo, Çelebi Tanzania, PTN, CAI,TCC, Çelebi NAS, Çelebi Delhi Cargo, CASI, KSU, CGHI, CGSC and are collectively referred to as the “Group”. Approval of Consolidated Financial Statements The Group’s consolidated financial statements as of 31 December 2025, were approved by the Group Board of Directors on 11 March 2026. The General Assembly has the right to amend the consolidated financial statements.