2025 GUIDANCE

2025 Guidance

	Guidance (as of 30 April 2025)	Unit
Cash Inflows From Subsidiaries (All numbers are for Turcas Share)
Shell & Turcas - Preferred Dividend (Net-Off BPA) (Expected in June'25)	5.6	MM USD
Shell & Turcas – Ordinary Dividend (Expected in 4Q'25)	300	MM TL
RWE & Turcas – Collection from Cash Capital Decrease (120 MM TL) + Ordinary Dividend (120 MM TL) (Collection from Cash Capital Decrease is expected in 2Q'25. Ordinary Dividend is expected in 4Q'25)	240	MM TL
Operational Projections for RWE&Turcas
RWE & Turcas – 2025 Electricity Generation Forecast	~3,100	GWh
Turcas – Dividend Distribution
Dividend Distribution of Turcas from 2024 Net Profits (in addition to the advance dividend distributed in 2024) (Expected as starting from 30 June 2025)	200	MM TL
Turcas Net Cash Position
Year End Net Cash Forecast – (No Indebtedness at Year End)	12.0	MM USD

Note: Guidance figures reflect Turcas' expectations as of the disclosure date and may need to be revised depending on the macroeconomic conditions and operational performance of the Subsidiaries.