TEKNOSA İÇ VE DIŞ TİCARET A.Ş.

Quarterly Report • Apr 29, 2025

th , 2025

• Net Sales decreased 18% y-o-y, reaching TL 16,505 million
• Marketplace platform grew to ~1,200 merchants and 225K SKUs (45x)
• Number of stores was 172, retail sales area was 105K square meters
• EBITDA reached TL 441 million, with an EBITDA margin recorded at 2.7%.

Summary Financials

	1Q 2025	1Q 2024	YoY (%)
Net Sales (M n TL)	16,505	20,183	-18%
Gross Profit (Mn TL)	2,093	2,272	-8%
Gross Profit Marg in (%)	12.7%	11.3%	1.4%
Opex/Sales (%)	12.8%	10.6%	2.2%
EBITD A (M n TL)	441	514	-14%
EBITDA Marg in (%)	2.7%	2.5%	0.2%
Net Profit (M n TL)	-414	-131	-217%
Net Profit Marg in (%)	-2.5%	-0.6%	-1.9%
Along with declining revenues due to weakening its core omnichannel strategy. In the first quarter of 2025, the company recorded	demand, Teknosa a Revenue of TL 16.5	remains committed billion,	to optimizing representing an 18%
real decline compared to the same period last impacted by the strong base effect resulting Additionally, Teknosa has adopted a strategic categories by not responding to intensified price	year. The slowdown from pull-forward growth approach focused competition across all	in revenue demand in the on profitability categories.	growth has been previous year. in specific
Gross profit margin improved by 1.4% year-over-year, supported by a better product mix, disciplined management. While OPEX cost remained increased to 12.8% due to the decline in revenue.	reaching 12.7% promotional activities, below last year's level,	in 1Q 2025 (1Q and effective the OPEX-to-Revenue	2024: 11.3%), inventory ratio
As a result, EBITDA (Earnings Before Interest, million in 1Q 2025, with an EBITDA margin of	Taxes, Depreciation and 2.7% (1Q 2024: 2.5%).	Amortization)	reached TL 441
Despite improvements in margin and disciplined macroeconomic pressures continued to weigh to a 0.3 ppts improvement in the Net Financial 1Q 2025. Still, due to high credit card commission Company recorded a net loss of TL 414 million	OPEX cost control, on the bottom line. Expenses-to-Revenue costs and the impact in the first quarter (1Q	high interest rates However, proactive ratio, which of inflation 2024: TL 131	and ongoing measures led stood at 5.6% in accounting, the million net loss).
Teknosa continues its comprehensive transformation and support sustainable growth. At the same enhance cash management along with strict conditions, Teknosa is committed to its long-term	initiatives to time, the Company cost discipline. Despite growth strategies,	improve operational implements new challenging with a focus	performance measures to macroeconomic on becoming a

Teknosa will continue to add value to itssociety and stakeholdersthrough its operations and business units. Teknosa consistently pursues studies related to the environment, energy saving, carbon footprint, social responsibility, diversity, and equality for the future. Aligned with Sabancı Group's sustainability goals, Teknosa is committed to the Science Based Targets initiative (SBTi) and aims to reduce its Scope 1 and 2 emissions by 42% by 2030. Furthermore, the Company is dedicated to achieving Net Zero across all its operations by 2050. More detailed information can be found in Teknosa's Integrated Report.

Investor Relations Contact:

Ümit Kocagil; CFO Dilek Aktaş; Finance, Investor Relations & Financial Planning Group Manager Sibel Turhan; Investor Relations Manager E-mail: yatirimciiliskileri@teknosa.com

About Teknosa:

Established under the umbrella of Sabancı Holding in 2000, Teknosa İç ve Dış Ticaret A.Ş. has been traded on BIST since 2012. Driven by the philosophy of "Bring Happy Moments by Providing the World's Technology to Everyone", the Company stands by its customers anytime and anywhere, makes their access to technology easier and offers a pleasant shopping experience. Teknosa is a digital consumer electronics retail platform with physical presence that offers consumers the most suitable product in the field of technology with the most affordable price and unique customer experience with its expert employees. Today, Teknosa provides uninterrupted service in multi channels with its wide store network, teknosa.com and mobile platforms. In 2022, the Company launched the first technology-focused marketplace of the sector, and it offers all the products and services in its technology ecosystem within a holistic experience and the assurance of Teknosa. Teknosa will continue to be the pioneer of holistic experience in the retail and create value for its stakeholders and Türkiye with its investments in stores, teknosa.com, marketplace, customer experience, business continuity, operational excellence, and human resources in the next period. More detailed information can be found at https://yatirimci.teknosa.com/homepage .

Disclaimer:

With the Capital Markets Board of Turkey's Bulletin dated 28.12.2023 numbered 2023/81, CMB announced that issuers and capital market institutions shall prepare their annual financial statements ending on 31.12.2023 or after, in accordance with IAS 29 inflationary accounting provisions. Accordingly, this earnings release note on 2025 First Quarter Financial Results contain the Company's financial information prepared according to Turkish Accounting / Financial Reporting Standards by application of IAS 29 inflation accounting provisions, in accordance with CMB's decision dated 28.12.2023.