1000 YATIRIMLAR HOLDİNG A.Ş. FINANCIAL STATEMENTS, EXPLANATORY NOTES FOR THE INTERIM PERIOD JANUARY 1 - SEPTEMBER 30, 2025 (CONVENIENCE TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

INDEX	PAGE
STATEMENTS OF FINANCIAL POSITION	1 - 2
STATEMENTS OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME	3 - 4
STATEMENTS OF CHANGES IN EQUITY	5
STATEMENTS OF CASH FLOWS	6
NOTES TO THE FINANCIAL STATEMENTS	7 - 50

Statements of Financial Position as of 30 September 2025 and 31 December 2024

(Amounts expressed in Turkish Lira ("TRY") in terms of purchasing power of the TRY at 30 September 2025 unless otherwise indicated.)

ASSETS	Notes	Unaudited 30.09.2025	Audited 31.12.2024
Current Assets		2,014,954,179	1,962,204,292
Cash and cash equivalents	4	376,208,745	62,555,216
Financial investments	5	305,024,416	1,088,501,939
Trade receivables	6	1,550,923	-
Other receivables		1,311,291,970	796,368,125
- Other receivables from related parties	3	1,131,459,543	773,391,779
- Other receivables from third parties	7	179,832,427	22,976,346
Prepaid expenses	9	4,170,144	837,906
Other current assets	14	16,707,981	13,941,106
Non - current assets		18,225,803,885	13,167,285,984
Financial investments	5	18,198,169,651	13,136,057,353
Property, plant and equipment	10	3,530,616	4,573,133
Intangible assets	11	24,103,618	26,655,498
TOTAL ASSETS		20,240,758,064	15,129,490,276

The accompanying notes are an integral part of these financial statements.

Statements of Financial Position as of 30 September 2025 and 31 December 2024

(Amounts expressed in Turkish Lira ("TRY") in terms of purchasing power of the TRY at 30 September 2025 unless otherwise indicated.)

LIABILITIES	Notes	Unaudited 30.09.2025	Audited 31.12.2024
Short - term liabilities		1,346,654,537	490,152,402
Short - term portion of long - term borrowings	8	162,140,152	-
Other financial liabilities	8	4,495,100	6,857,920
Trade payables	6	17,552,375	24,678,550
Payables related to employee benefits	13	11,028,027	3,532,126
Other payables		752,841,263	450,770,594
- Other payables to related parties	3	752,367,774	450,092,194
- Other payables to third parties	7	473,489	678,400
Deferred income	9	396,770,000	2,369,226
Short - term provisions		1,816,487	1,901,100
- Short - term provisions for employee benefits	13	1,816,487	1,901,100
Other short - term liabilities	14	11,133	42,886
Long - term liabilities		4,102,572,303	3,104,023,320
Long - term borrowings	8	34,800,801	-
Long - term provisions		2,614,478	2,521,243
- Long - term provisions for employee benefits	13	2,614,478	2,521,243
Deferred tax liabilities		4,065,157,024	3,101,502,077
Equity	15	14,791,531,224	11,535,314,554
Paid-in capital		1,290,150,000	47,000,000
Share premium (+/-)		695,963,895	1,590,678,483
Capital adjustment differences		107,906,367	67,696,798
Other comprehensive income/expense not to be
reclassified to profit or loss		165,142	-
- Actuarial profit/(loss) arising from defined benefit
plans		165,142	-
Restricted reserves		30,065,472	-
Retained earnings/(losses)		9,411,228,820	18,417,660,556
Net profit/(loss) for the period		3,256,051,528	(8,587,721,283)
TOTAL LIABILITIES AND EQUITY		20,240,758,064	15,129,490,276

The accompanying notes are an integral part of these financial statements.

Statements of Profit or Loss and Other Comprehensive Income For The Period Ended 30 September 2025 and 2024 (Amounts expressed in Turkish Lira ("TRY") in terms of purchasing power of the TRY at 30 September 2025 unless otherwise indicated.)

Profit or Loss	Notes	Unaudited 01.01.2025 30.09.2025	Unaudited 01.01.2024 30.09.2024	Unaudited 01.07.2025 30.09.2025	Unaudited 01.07.2024 30.09.2024
Revenue	17	-	-	-	-
Cost of sales (-)	17	-	-	-	-
Gross profit/(loss)		-	-	-	-
General administrative expenses (-)	18	(156,349,604)	(286,394,944)	(66,039,328)	(67,853,095)
Marketing, selling and distribution expenses (-)	18	(1,203,271)	(5,297,782)	(552,562)	(2,300,859)
Other income from operating activities	19	69,990,570	28,067,393	61,205,759	(48,237,839)
Other expenses from operating activities (-)	19	(3,361,745)	(490,721)	(931,247)	2,318,946
Operating profit/(loss)		(90,924,050)	(264,116,054)	(6,317,378)	(116,072,847)
Income from investment activities Expenses from investment	20 20	5,337,345,279 (758,767,863)	6,357,197,845 (3,787,660,815)	(641,420,001) (39,728,048)	1,047,109,291 (3,787,660,815)
activities (-) Operating profit/(loss) before financial income/(expenses)		4,487,653,366	2,305,420,976	(687,465,427)	(2,856,624,371)
Financial income Financial expenses (-) Monetary (loss)/gain, net	21 21 24	305,154,790 (266,275,093) 320,730,597	293,271,427 (49,510,073) (5,524,481,380)	(131,613,921) (74,201,347) 87,653,281	16,898,631 (928,290) (435,760,173)
Profit/(loss) before tax		4,847,263,660	(2,975,299,050)	(805,627,414)	(3,276,414,203)
Tax income/(expense) from continuing operations	16	(1,591,212,132)	1,079,201,276	20,770,316	722,221,924
Current tax expenses (-)		-	(13,684,202)	-	1,220,569
Deferred tax income/(expense)		(1,591,212,132)	1,092,885,478	20,770,316	721,001,355
Net profit/(loss) for the period		3,256,051,528	(1,896,097,774)	(784,857,098)	(2,554,192,279)
Earnings per share (TRY)	22	2.52	(1.47)	(0.61)	(1.98)

OTHER COMPREHENSIVE INCOME	Unaudited 01.01.2025 30.09.2025	Unaudited 01.01.2024 30.09.2024	Unaudited 01.07.2025 30.09.2025	Unaudited 01.07.2024 30.09.2024
Net profit/(loss) for the period	3,256,051,528	(1,896,097,774)	(784,857,098)	(2,554,192,279)
Items that are not reclassified to profit or loss	165,142	-	(531,736)	-
Actuarial profit/(loss) arising from defined benefit plans	214,470	-	(690,567)	-
Other comprehensive income that will not be subsequently reclassified to profit or loss	(49,328)	-	158,831	-
OTHER COMPREHENSIVE INCOME (After Tax)	165,142	-	(531,736)	-
TOTAL COMPREHENSIVE INCOME	3,256,216,670	(1,896,097,774)	(785,388,834)	(2,554,192,279)

Statements of Changes In Equity for The Period Ended 30 September 2025 and 2024 (Amounts expressed in Turkish Lira ("TRY") in terms of purchasing power of the TRY at 30 September 2025 unless otherwise indicated.)

				Items that are not reclassified to profit or loss		Retained earnings
	Paid-in capital	Capital adjustment differences	Share premium	Actuarial loss arising from defined benefit plans	Restricted reserves	Retained earnings/(losses)	Net profit/(loss) for the period	Total
01 January 2024	47,000,000	67,696,798	1,590,678,483	-	-	11,413,565,337	7,004,095,219	20,123,035,837
Transfers	-	-	-	-	-	7,004,095,219	(7,004,095,219)	-
Total comprehensive income	-	-	-	-	-	-	(1,896,097,774)	(1,896,097,774)
30 September 2024	47,000,000	67,696,798	1,590,678,483	-	-	18,417,660,556	(1,896,097,774)	18,226,938,063
01 January 2025	47,000,000	67,696,798	1,590,678,483	-	-	18,417,660,556	(8,587,721,283)	11,535,314,554
Transfers	1,243,150,000	40,209,569	(894,714,588)	-	30,065,472	(9,006,431,736)	8,587,721,283	-
Total comprehensive income	-	-	-	165,142	-	-	3,256,051,528	3,256,216,670
30 September 2025	1,290,150,000	107,906,367	695,963,895	165,142	30,065,472	9,411,228,820	3,256,051,528	14,791,531,224

The accompanying notes are an integral part of these financial statements.

Statements of Cash Flows for The Period Ended 30 September 2025 and 2024

(Amounts expressed in Turkish Lira ("TRY") in terms of purchasing power of the TRY at 30 September 2025 unless otherwise indicated.)

	Notes	Unaudited 01.01.2025 30.09.2025	Unaudited 01.01.2024 30.09.2024
A. Cash flows from operating activities		159,772,203	(463,537,202)
Net profit/(loss) for the period		3,256,051,528	(1,896,097,774)
Adjustments related to reconciliation of net profit/(loss) for the		(3,324,381,053)	1,373,200,374
period; Adjustments related to depreciation and amortization expenses		3,499,502	9,001,779
Adjustments related to provisions	10-11 13	1,279,202	1,381,330
Adjustments related to gain on bargain purchase	23	-	1,305,559,028
Adjustments related to interest income and expenses	21	4,535,454	(243,648,294)
Adjustments related to unrealized foreign currency translation
differences		240,374,102	2,052,791,366
Adjustments related to fair value losses/(gains)		(4,486,951,554)	(790,230,658)
Adjustments related to tax (income)/expenses	16	1,591,212,132	(1,079,201,276)
Adjustments for losses (gains) on disposal of non-current assets		(33,786)	-
Adjustments related to monetary gain/(loss)		(678,296,105)	117,547,099
Changes in Working Capital		272,829,944	62,378,992
Adjustments related to decrease/(increase) in financial investments	5	100,000,000	-
Adjustments related to decrease/(increase) in trade receivables	6	(1,550,923)	-
Adjustments related to decrease/(increase) in other receivables from		(424,044,653)	83,272,416
operating activities	7
Adjustments related to decrease/(increase) in prepaid expenses	9	(3,502,115)	(66,752,485)
Adjustments related to increase/(decrease) in trade payables	6	(2,122,847)	(5,384,170)
Adjustments related to increase/(decrease) in employee benefit		8,212,004	-
payables	13
Adjustments related to increase/(decrease) in other payables from		206,573,719	51,243,231
operating activities Increase/(decrease) in deferred income	7	394,881,111	-
Adjustments for other increase/(decrease) in working capital	9	(5,616,352)	-
Cash flows from operating activities		204,500,419	(460,518,408)
Other cash inflows/(outflows)		-	(4,389,538)
Payments under benefits provided to employees	13	(159,523)	-
Tax refunds/(payments)		-	(21,155,488)
Cash outflows arising from acquisition of shares or debt
instruments of other businesses or funds		(308,598,611)	22,526,232
Cash inflows from the sale of shares or debt instruments of
other businesses or funds		340,316,402	-
Cash outflows due to share acquisition or capital increase in affiliates		(76,286,484)	-
and / or joint ventures
B. Cash flows from investment activities		6,636,265	263,457,145
Cash inflows by sales of property, plant and equipment		142,785	-
and intangible assets	10-11
Cash outflows by purchases of property, plant and equipment and		(14,104)	(29,701,222)
intangible assets	10-11	6,507,584	293,158,367
Interest received C. Cash flows from financing activities	21
		159,927,502	(1,785,188)
Cash inflows from borrowing Repayments of borrowings	8 8	281,976,176	47,724,885
Interest paid		(61,495,506) (59,580,722)	- (49,510,073)
Other cash inflows/(outflows)		(972,446)	-
Net increase or decrease in cash and cash equivalents before the
effect of foreign currency translation differences		326,335,970	(201,865,245)
Net increase/(decrease) in cash and cash equivalent		326,335,970	(201,865,245)
E. Cash and cash equivalents at the beginning of the period	4	62,555,216	472,303,745
INFLATIONARY IMPACT ON CASH AND CASH EQUIVALENTS		(12,682,441)	(117,971,439)
F. Cash and cash equivalents at the end of the period		376,208,745	152,467,061

The accompanying notes are an integral part of these financial statements.

Notes to the Financial Statements for the Interim Period Ended 30 September 2025 (Amounts expressed in Turkish Lira ("TRY") in terms of purchasing power of the TRY at 30 September 2025 unless otherwise indicated.)

NOTE 1- ORGANIZATION AND ACTIVITIES OF THE COMPANY

1000 Yatırımlar Holding Anonim Şirketi ("the Company") was established after being registered in the Turkish Trade Registry Gazette dated 28 March 2022 and numbered 10546. The Company's field of activity is to participate in the capital management of established and/or to be established companies, to take responsibility for the financing, organization and management of their investments, to increase the security of investments against possible economic fluctuations and to contribute to the commercial, industrial and financial initiatives of the relevant companies in a healthy manner and in accordance with the requirements of the national economy.

The Company's registered trade name and principal place of business are as follows:

Yamanevler Mahallesi, Sanayi Caddesi A Blok, No: 56, İç kapı No: 5 Ümraniye/İstanbul.

As of 30 September 2025, the number of personnel of the Company 44 (31 December 2024: 37). The number of employees working in the Company's financial investments is 317 (31 December 2024: 361).

The share capital of the Company is as follows:

Shareholders	(%)	30 September 2025	(%)	31 December 2024
Kadir Can Abdik	14.7	189,610,875	17.63	8,287,500
Mustafa Saim Birpınar	14.7	189,610,875	17.63	8,287,500
Üsame Erdoğan	14.7	189,610,875	17.63	8,287,500
Hüseyin Ardan Küçük	4.52	58,365,562,50	7.46	3,506,250
Haris Pojata	4.52	58,365,562,50	7.46	3,506,250
Lydia Yatırım Holding Anonim Şirketi	8.97	115,701,750	11.97	5,625,000
Public offering capital	37.89	488,884,500	20.22	9,500,000
Paid-in capital	100	1,290,150,000	100	47,000,000
Positive inflation adjustment differences		107,906,367		67,696,798
Total Paid-in Capital		1,398,056,367		114,696,798

The Company's issued capital amounting to TRY1,290,150,000 has been fully paid free from any collusion. The issued capital of the Company is divided into 1,290,150,000.00 shares with a nominal value of TRY1.00 each. Of these, 219,600,000.00 are registered Class A shares and 1,070,550,000.00 are bearer Class B shares. Group A shares have the privilege to nominate candidates for the Board of Directors and to vote in the general assembly. Group B shares do not have any privileges, the privileges of privileged shares are specified in the relevant sections of the Company's Articles of Association. The company's registered capital ceiling is TRY62,500,000. (31 December 2024: TRY62,500,000).

Approval of Financial Statements

The financial statements were approved for issuance by the Company's Board of Directors on 30 October 2025. The General Assembly and certain regulatory authorities may request amendments to the statutory financial statements after their issuance.

NOTE 2 - BASIS OF PRESENTATION OF FINANCIAL STATEMENTS

2.1 Basis of Presentation

Applied Financial Reporting Standards

The accompanying financial statements are prepared in accordance with the Communiqué Serial II, No: 14.1, "Principals of Financial Reporting in Capital Markets" published in the Official Gazette numbered 28676 on 13 June 2013. According to the article 5 of the Communiqué, financial statements are prepared in accordance with Turkish Accounting Standards/ Turkish Financial Reporting Standards ("TFRS") and its addendum and interpretations ("IFRIC") issued by the Public Oversight Accounting and Auditing Standards Authority ("POAASA") Turkish Accounting Standards Board. TFRS is updated via circulars to ensure alignment with changes to International Financial Reporting Standards ("IFRS").

The financial statements are presented in accordance with 'Announcement regarding with TFRS Taxonomy' which was published on 3 July 2024 by POA and the format and mandatory information recommended by CMB.

The financial statements are prepared on the historical cost basis, except for financial investments measured at fair value. The determination of historical cost is generally based on the fair value of the consideration paid for the assets.

The Company has prepared its financial statements for the interim period ended 30 September 2025 in accordance with IFRS 34 Interim Financial Reporting.

Going Concern

The financial statements have been prepared on a going concern basis, with the assumption that the Company will benefit from their assets and fulfill their obligations in the next year and in the natural course of their activities.

Adjustment of Financial Statements in High Inflation Periods

With the announcements made by the Public Oversight Accounting and Auditing Standards Authority (POA) on 23 November 2023, entities applying TFRSs have started to apply inflation accounting in accordance with TAS 29 Financial Reporting in Hyperinflation Economies as of financial statements for the annual reporting period ending on or after 31 December 2023.

TAS 29 is applied to the financial statements, including the financial statements, of any entity whose functional currency is the currency of a hyperinflationary economy.

According to the standard, financial statements prepared in the currency of a hyperinflationary economy are presented in terms of the purchasing power of that currency at the balance sheet date. Prior-period financial statements are also presented in the current measurement unit at the end of the reporting period for comparative purposes. The Company has therefore presented its financial statements as of 31 December 2024, on the purchasing power basis as of 30 September 2025.

Pursuant to the decision of the Capital Markets Board (SPK) dated 28 December 2023 and numbered 81/1820, it has been decided that issuers and capital market institutions subject to financial reporting regulations that apply Turkish Accounting/Financial Reporting Standards will apply inflation accounting by applying the provisions of TAS 29 starting from their annual financial reports for the periods ending on 31 December 2023.

The adjustments made in accordance with TAS 29 were made using the adjustment coefficient obtained from the Consumer Price Index (CPI) of Turkey published by the Turkish Statistical Institute (TÜİK). As of 30 September 2025, 30 September 2024 and 31 December 2024 the indices and adjustment coefficients used in the adjustment of the d financial statements are as follows;

Date	Index	Conversion factor
30.09.2025	3,367.22	1.0000
30.09.2024	2,526.16	1.3329
31.12.2024	2,684.55	1.2543

The main elements of the Company's adjustment process for financial reporting in hyperinflationary economies are as follows:

Current period financial statements prepared in TRY are expressed in terms of the purchasing power at the balance sheet date, and amounts from previous reporting periods are also adjusted and expressed in terms of the purchasing power at the end of the reporting period.
Monetary assets and liabilities are not adjusted as they are already expressed in terms of the current purchasing power at the balance sheet date. In cases where the inflation-adjusted values of non-monetary items exceed their recoverable amount or net realizable value, the provisions of TAS 36 "Impairment of Assets" and TAS 2 "Inventories" are applied, respectively.
Non-monetary assets and liabilities and equity items that are not expressed in terms of the current purchasing power at the balance sheet date have been adjusted using the relevant adjustment coefficients.
All items in the comprehensive income statement, except for those that have an impact on the comprehensive income statement of non-monetary items on the statement of financial position, have been indexed using the coefficients calculated for the periods when the income and expense accounts were first reflected in the financial statements.
The impact of inflation on the Company's net monetary asset position in the current period is recorded in the net monetary gain/(loss) account in the income statement.

2.2 Statement of Compliance with Turkish Accounting Standards ("TAS")

The Company has prepared its financial statements for the period ended 30 September 2025 in accordance with CMB's Communiquê Serial: II-14.1 and the announcements explaining this communiquê. Financial statements and notes are presented in accordance with the formats recommended by the CMB and including the mandatory information.

The Company keeps its accounting records in accordance with the Uniform Chart of Accounts, Turkish Commercial Code and Turkish Tax Laws and prepares its legal financial statements in TRY terms accordingly.

2.3 Current and Reporting Currency

The financial statements of the Company are presented in the currency of the primary economic environment in which the entity operates (its functional currency). The functional and presentation currency of the Company is Turkish Lira ("TRY").

2.4 Shares in Associates

In accordance with paragraph 18 of TAS 28, When an investment in an associate or a joint venture is held by or is held indirectly through, an entity that is a venture capital organization, or a mutual fund, unit trust, and similar entities including investment-linked insurance funds, the entity may elect to measure that investment at fair value through profit or loss in accordance with TFRS 9. The Company has elected to measure its investments at fair value through profit or loss in accordance with this standard.

2.5 Consolidation Exceptions

Investment entity in accordance with TFRS 10 Consolidated Financial Statements is an entity that; (a) obtains funds from one or more investors for the purpose of providing those investor(s) with investment management services, (b) commits to its investor(s) that its business purpose is to invest funds solely for returns from capital appreciation, investment income, or both and (c) measures and evaluates the performance of substantially all of its investments on a fair value basis. In assessing whether it meets the definition described above, an entity shall consider whether it has the following typical characteristics of an investment entity;

(a) It has more than one investment,
(b) It has more than one investor,
(c) It has investors that are not related parties of the entity.

The Company does not consolidate its subsidiaries in accordance with TFRS 10 as it meets the above conditions and measures the fair value difference of its investments in its subsidiaries and associate at fair value through profit or loss.

2.6 Disclosures on Financial Investments

Disclosures on Financial Investments material changes in accounting policies are corrected retrospectively by restating the prior period financial statements.

According to TFRS 10, the Company did not present a financial statement by measuring its investments at fair value through profit or loss and benefiting from exclusion related to financial statement presentation. Besides, the Company is an investment entity as per the definition of investment entity in TFRS 10. The aspects indicating the Company's nature as investment entity are that: the Company gets funds from one or more investors in order to provide investment management services; undertakes its investor or investors that its business purpose is to invest the funds for only acquiring capital gain or investment income or both; and measures and appraises the performance of its all investment based on the fair value principle. Furthermore, the Company has investors without related parties as it is open to multiple investments and investors and to public.

(*) Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş. ("Bin Ulaşım") Founded in 2019 and operating in the micromobility sector. The Company owns 75% of Bin Ulaşım's share capital amounting to TRY112,000,000. The shares of Bin Ulaşım ve Akıllı Şehir Teknolojileri Anonim Şirketi, one of the financial investments of the Company, started to be traded on the BIST Stars on 9 October 2024. The Company's capital of TRY100,000,000 was increased by TRY12,000,000 and a public offering was realized. The Company sold its shares with a nominal value of TRY4,750,000 during the public offering. Following this sale, the Company's shareholding in the subsidiary decreased from 89% to 75%.

The Company's associates and subsidiaries are as follows:

	(%)	Principal organization and place of operation	Core business activity
Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş. (*)	75	Türkiye	Micromobility
Meta Mobilite Enerji A.Ş.	92	Türkiye	Charging Station
Algoritma Donanım ve Yazılım A.Ş.	100	Türkiye	Software
Altay Yenilenebilir Enerji Üretim ve Depolama A.Ş.	100	Türkiye	Energy
Cyprus Binbin Micromobility Limited	5	Cyprus	Micromobility
Finq Teknoloji ve İnovasyon Sanayi Ticaret A.Ş.	1	Türkiye	Toy
4B Mühendislik İnşaat Enerji ve Danışmanlık A.Ş.	100	Türkiye	Engineering
1000 Ödeme Hizmetleri ve Elektronik Para A.Ş.	100	Türkiye	Technology
İstanbul Dijital Taksi Uygulamaları Turizm Sanayi ve Ticaret A.Ş.	100	Türkiye	Technology

2.7 Changes in Accounting Policies

Accounting policy changes resulting from the first application of a new TAS are applied retrospectively or prospectively in accordance with the transitional provisions of that TAS. Significant accounting errors identified are applied retrospectively and prior period financial statements are restated. If changes in accounting estimates are related to only one period, they are recognized in the period when changes are applied; if changes in estimates are related to future periods, they are recognized both in the period where the change is applied and future periods prospectively.

Gains on revaluation of long-term financial investments, which were classified as revenue in previous years will be followed under "Income from Investment Activities" account as of 2025. This change in presentation does not affect the Company's net profit (loss) figures for prior periods.

2.8 Changes and Errors in Accounting Policies

If changes in accounting estimates are related to only one period, they are recognized in the period when changes are applied; if changes in estimates are related to future periods, they are recognized both in the period where the change is applied and future periods prospectively. The Company has not made any significant changes in accounting estimates in the current year. Major accounting errors that have been detected are applied retrospectively and the financial statements of the previous period are restated.

2.9 New and Revised Standards and Comments

As at 30 September 2025, the accounting policies adopted in preparation of the financial statements for the year ended 1 January 2025 are consistent with those of the previous financial year, except for the adoption of new and amended TFRS and interpretations of TFRS effective. The effects of these standards and interpretations on the financial position and performance of the Company are disclosed in the related paragraphs

i) The new standards, amendments and interpretations which are effective as at 1 January 2025

- Amendments to TAS 21 - Lack of exchangeability

The amendments did not have a significant impact on the financial position or performance of the Company.

ii) Standards issued but not yet effective and not early adopted

Standards, interpretations and amendments to existing standards that are issued but not yet effective up to the date of issuance of the financial statements are as follows. The Company will make the necessary changes if not indicated otherwise, which will be affecting the consolidated financial statements and disclosures, when the new standards and interpretations become effective.

- Amendments to TFRS 10 and TAS 28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

- TFRS 17 - The new Standard for insurance contracts
- IFRS 18 - The new Standard for Presentation and Disclosure in Financial Statements

The Company will wait until the final amendment to assess the impacts of the change.

iii) The new amendments that are issued by the International Accounting Standards Board (IASB) but not issued by Public Oversight Authority (POA)

The following amendments to IFRS 9 and IFRS 7 as well as IFRS 18 and IFRS 19 are issued by IASB but not yet adapted/issued by POA. Therefore, they do not constitute part of TFRS. The Company will make the necessary changes to its financial statements after the amendments and new Standard are issued and become effective under TFRS.

-Amendments to IFRS 9 and IFRS 7 - Classification and measurement of financial instruments
- Amendments to TFRS 9 and TFRS 7 – Contracts Concerning Electricity Generated from Natural Resources
- IFRS 18 - The new Standard for Presentation and Disclosure in Financial Statements
- IFRS 19 - Subsidiaries without Public Accountability: Disclosures

The standard is not applicable to the Company.

2.10 Summary of Significant Accounting Policies

Related Parties

The following individuals or other businesses associated with the business:

a) A person or a member of this person's close family is deemed to be related to the reporting enterprise in the following cases;
(i) If the person in question has control or joint control power over the reporting enterprise,
(ii) If the reporting entity has a significant impact,
(iii) The reporting enterprise or the reporting entity is a member of key management personnel of a parent company.

The term "close family" of the person in this paragraph is the family members who are expected to influence or be affected by this person during their relationship with the business. Examples of a person's close family member include:

a. Spouse and children of the person,
b. Children of one's spouse and
c. Dependents of the person or spouse
b) Another entity if any of the following conditions exist:
(i) If the entity and the reporting entity are members of the same,
(ii) The entity's other entity (or a member of a group to which the other entity is a member) if it is an affiliate or joint venture,
(iii) Both entities are joint ventures of the same third party,
(iv) If one of the enterprises is a business partnership of a third enterprise and the other enterprise is an affiliate of the third enterprise in question,
(v) The entity is controlled or jointly controlled by a person identified in (a),
(vi) A person identified in (a)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity,
(vii) The other entity or another entity in the group of which it is a member provides key management personnel services to the entity or its parent.

Revenue

Revenues consist of sale of subsidiaries and/or associates and consultancy services provided to associates.

Income from the sale of subsidiaries and associates is recognized at the time of sale. Income from consultancy services provided to associates is recognized as income on the date the service is rendered.

Since the Company is an investment entity, the fair value differences of the companies in which it participates are recognized under revenue

Cash and Cash Equivalents

Cash and cash equivalents are cash, demand deposits and other short term investments with a maturity of 3 months or less, which are readily convertible into cash and do not present a risk of impairment at significant time, since the date of purchase.

Financial Instruments

Financial Assets

Financial assets at fair value through profit or loss, other than those classified as financial assets at fair value through profit or loss and recognized at fair value, are recognized at fair market value plus the aggregate amount of expenses directly attributable to the acquisition. As a result of the purchase or sale of financial assets that are subject to a contract that conditions the delivery of the investment instruments in accordance with the period specified by the relevant market, the related assets are recognized or derecognized on the transaction date.

Financial assets are classified as "financial assets at fair value through profit or loss", "financial assets measured at amortized cost" and "financial assets at fair value through other comprehensive income.

Effective Interest Method

The effective interest method is a method of calculating the amortized cost of a financial asset and of allocating interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset, or, where appropriate, a shorter period to the net carrying amount on initial recognition.

Income is recognized on an effective interest basis for financial assets other than those financial assets designated as at FVTPL.

Financial Investments at Fair Value Through Profit or Loss

Financial assets at fair value through profit or loss are financial assets held for trading and financial assets that are not held for trading but are accounted for in this category on initial recognition and subsidiaries and associates that meet the consolidation exception in Note 2. A financial asset is classified in this category when it is acquired for the purpose of disposal in the short term. Derivatives that are not designated as effective hedges of financial risk are also classified as financial assets at fair value through profit or loss.

The methods used in determining the fair values of subsidiaries and associates that qualify for the consolidation exception are disclosed in Note 5.

Financial assets at amortized cost

Those receivables are financial assets with fixed or determinable payments that are quoted in an active market are classified under loans and receivables. Loans and receivables are measured at amortized cost using effective interest method less any impairment.

Financial assets at fair value through other comprehensive income

Financial assets at fair value through other comprehensive income are initially recognized at fair value. Financial investments whose fair value can be reliably measured are measured at fair value.

Impairment of financial assets

At each balance sheet date, the Company assesses whether there is objective evidence that a financial asset or a group of financial assets is impaired. If any such indication exists, the Company determines the related impairment amount.

A financial asset or a group of financial assets is impaired and an impairment loss is recognized if, and only if, there is objective evidence that one or more events ("loss events") occurred after the initial recognition of the asset and that the loss event (or events) has had an impact on the estimated future cash flows of the financial asset or group of financial assets that can be reliably estimated. Losses that are probable of occurring as a result of future events are not recognized, regardless of the high probability of occurrence.

When financial assets at fair value through other comprehensive income are impaired, the cumulative gain or loss is removed from equity and recognized in net profit or loss for the period. If there is an increase in the fair value of the asset in the accounting periods following the period in which the loss is recognized, the increase in value is recognized under equity.

Foreign Currency Transactions and Balances

In preparing the financial statements of the Company, transactions in foreign currencies (currencies other than TRY) are recorded at the rates of exchange prevailing on the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies are translated into TRY at the exchange rates prevailing at the end of the reporting period. Exchange differences arising from such transactions are recognized in the statement of profit or loss.

		USD		EUR
	Buying	Sales	Buying	Sales
30.09.2025	41.5068	41.5816	48.7512	48.8390
31.12.2024	35.2803	35.3438	36.7362	36.8024

Trade Payables

Trade payables represent the Company's liability for goods and services provided from suppliers within the scope of its ordinary activities. Trade payables are recorded at their fair value when they are first included in the financial statements, and in the following period, they are carried over their values calculated using the effective interest methods (Note 6).

Provisions

A provision is an obligation whose realization time or amount is unknown.

Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events; it is more likely than not that an outflow of resources will be required to settle the obligation; and the amount has been reliably estimated

Provisions are calculated according to the best estimate made by the Company Management of the expenditure to be made to settle the obligation as of the reporting date and are discounted to present value where the effect is material.

Some or all of the economic benefit required to pay for the provision by third parties in cases where it is expected to be met, the amount to be collected is recognized as an asset if the collection of the relevant amount is almost certain and measured reliably.

Employee Benefits

Provision for employment termination benefits

Employment termination benefits, as required by the Turkish Labor Law and the laws applicable in the countries where the subsidiaries operate, represent the estimated present value of the total reserve of the future probable obligation of the Company arising in case of the retirement of the employees. In accordance with the updated TAS 19 Employee Benefits Standard, such payments qualify as defined retirement benefit plans.

The retirement pay liability recognized in the balance sheet is calculated by estimating the net present value of the future probable obligation of the Company arising from the retirement of all employees and reflected in the financial statements. All actuarial gains and losses are recognized in other comprehensive income.

Unused vacation

Unused vacation rights accrued in the financial statements represent the liability calculated over the current salaries of the employees for the unused vacation days of the employees as of the reporting date.

Contingent Liabilities

Contingent liability is any of the following:

a) Possible liabilities arising from past events and the realization of which are subject to the occurrence or non-existence of one or more events that are not completely under the control of the Company in the future are considered as contingent liabilities.
b) Caused by past events; but it is a present obligation that cannot be recorded for the following reasons:
(i) It is not probable that economic benefits will flow from the entity to settle the obligation; or
(ii) The amount of the liability cannot be measured reliably. In the case of being severally liable for an obligation, the portion of that obligation that is expected to be met by other parties is considered a contingent liability.

Contingent Assets

Possible assets arising from past events and the realization of which are subject to the occurrence or nonexistence of one or more events that are not completely under the control of the Company in the future are considered as contingent assets.

Contingent liabilities are disclosed in the notes to the financial statements, except when the probability of an outflow of resources embodying economic benefits is remote. If the situation requiring resource transfer is probable, contingent liabilities are reflected in the financial statements. Contingent assets, on the other hand, are explained in the notes to the financial statements only if the entry of economic benefits is possible.

Earnings per Share

Earnings per share presented in the statement of profit or loss are determined by dividing net profit by the weighted average number of ordinary shares outstanding during the period concerned. The weighted average number of shares is the number of common shares at the beginning of the period multiplied by a timeweighting factor and the number of shares repurchased or issued during the period. The time-weight factor is the ratio of the number of days in which a certain number of shares are issued to the number of days in the total period.

Subsequent Events

Events after the reporting period are those that occur in favor of or against the entity between the end of the reporting period and the date the financial statements are approved by the management body. In the case that events require a correction to be made occur subsequent to the balance sheet date, the Company makes the necessary corrections to the financial statements. The events that occur subsequent to the balance sheet date and that do not require a correction to be made are disclosed in accompanying notes, where the decisions of the users of financial statements are affected. Non-Adjusting Events After the Reporting Period are events that indicate conditions that occurred after the reporting period. In order to reflect the effects of non-adjusting events after the reporting period, no changes are made to the amounts in the financial statements for the reporting period.

Income Taxes

Taxes related to current or future periods that arise in relation to transactions and events reflected in the financial statements should be recorded. The recorded tax consists of current tax and deferred tax amounts.

Current tax refers to the tax to be paid on the financial profit of the current period. The unpaid portion of the current tax is shown in the "Tax Payable and Similar Liabilities" item in the Statement of Financial Position. The portion of the prepaid tax amount for the current and previous periods exceeding the current tax amount is shown separately in the "Prepaid Taxes and Similars" item. Term tax; It is measured over the amount calculated by taking into account the tax laws and tax rates applicable for the period. Amounts reflected in the Statement of Financial Position regarding current tax are not discounted.

Deferred tax; are the taxes payable or recoverable in future periods as a result of the recovery or payment of the assets and liabilities over their book values and the carrying forward of the previous year's losses and tax deductions to be deducted. Deferred tax asset or deferred tax liability related to taxes to be recovered or payable in future periods due to past transactions and events are recognized in the financial statements. Deferred taxes; arises from differences between the amounts at which assets and liabilities are recognized in the statement of financial position and their tax basis, and the carrying forward of retained losses and unused tax deductions that have not yet been deducted.

Temporary differences are differences between the carrying amount of an asset or liability in the statement of financial position and its tax basis. There are two types of temporary differences:

a) Taxable temporary differences: Temporary differences that will be added to the tax base in future periods when the carrying values of assets or liabilities are recovered or paid.
b) Deductible temporary difference: They are temporary differences that will be deducted from the tax base in future periods when the carrying values of assets or liabilities are recovered or paid.

Temporary differences in financial statements are determined by comparing the book values of assets and liabilities in the financial statements with their tax base values. In terms of financial statements, the tax base value is determined by considering the tax declaration of each of the companies belonging to the Company.

A deferred tax asset is recognized for all deductible temporary differences, provided that it is probable that there will be sufficient financial profit to benefit from the deductible temporary differences in the future.

Deferred tax assets are recognized if it is probable that a financial profit sufficient to offset them in the future for previous year losses and tax deductions that have not yet been deducted. A deferred tax asset is not recognized if it is not probable that a taxable profit will be sufficient to deduct undeducted tax losses or tax deductions. A deferred tax asset resulting from undeducted tax losses or tax deductions is recognized only if there are sufficient taxable temporary differences or other compelling evidence that the Company will generate sufficient taxable profits to offset such losses or reductions.

Statement of Cash Flows

In the cash flow statement, cash flows for the period are classified as cash flows arising from main activities, investing activities and financing activities.

Core activities are the main revenue-generating activities of a business. In addition, other activities of the business that are not considered investment and financing activities are also considered main activities. Cash flows arising from main activities generally arise as a result of transactions and events whose effects are reflected in profit or loss.

Investing activities are the acquisition and disposal of long-term assets and other investments not included in cash equivalents. Only expenditures that cause an asset to be recognized in the Statement of Financial Position can be classified as cash outflows from investing activity.

Financing activities are the activities that cause changes in the amount and content of the equity and liabilities of the enterprise. Gross cash inflows and outflows from investment and financing activities are classified into main groups and presented separately.

Cash flows arising from foreign currency transactions are shown over the amount found by converting the cash flow to the currency used by the enterprise using the exchange rate at the date of the cash flow.

For the purposes of the statement of cash flows, cash and cash equivalents comprise of cash in hand accounts, bank deposits and short-term, highly liquid investments that are readily convertible to known amounts of cash with maturities equal or less than three months.

2.11 Significant Accounting Assessments, Estimates and Assumptions

Knowledge of current events and transactions, actual results may differ from the assumptions. Estimates are reviewed regularly, necessary corrections are made and reflected in the income statement in the period they are realized.

The Company's significant accounting assumptions and estimates include:

(a) Severance pay liability is determined using actuarial assumptions (discount rates, future salaryincreases and employee turnover rates.
(b) The Company recognizes deferred tax assets and liabilities based upon temporary differences arising between its financial statements as reported for TFRS purposes and its statutory tax financial statements. These differences usually result in the recognition of revenue and expenses in different reporting periods for TFRS and tax purposes. The Company has deferred tax assets consisting of unused tax losses and other deductible temporary differences that can be deducted from future profits. The partially or fully recoverable amount of deferred tax assets is estimated under current circumstances.
(c) The fair value of the Company's financial investments has been determined by a valuation company independent of the Company. The valuation company is authorized by the CMB and provides valuation services in accordance with capital markets legislation. The fair value of the financial investments held is calculated according to the Discounted Cash Flow Method (DCF) and Net Asset Value method.

NOTE 3 - TRANSACTIONS AND BALANCES WITH RELATED PARTIES

Approximate maturities of balances due to related parties are 30 - 45 days for receivables.

The details of the transactions between the Company and other related parties:

i. Balances with related parties

a) Other receivables from related parties

Other receivables from related parties	30 September 2025	31 December 2024
Meta Mobilite Enerji A.Ş. (*)	790,071,638	716,079,764
Altay Yenilenebilir Enerji Üretim ve Depolama A.Ş.	241,601,592	2,565,519
Algoritma Donanım ve Yazılım A.Ş.	99,786,313	34,588,823
Go Sharing Mobilite Hizmetleri ve Ticaret A.Ş(**).	-	523,671
İstanbul Dijital Taksi Uygulamaları Turizm San. ve Tic. A.Ş.	-	2,417,003
Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş.	-	16,713,498
1000 Ödeme Hizmetleri ve Elektronik Para A.Ş.	-	503,501
Total	1,131,459,543	773,391,779

^(*) The related balance consists of the balances sent for the investment commitment advance loan process used by Meta Mobilite Enerji A.Ş..

b) Other payables due to related parties

Other payables due to related parties	30 September 2025	31 December2024
Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş.	661,453,178	-
4B Mühendislik İnşaat Enerji ve Danışmanlık A.Ş. (**)	88,886,859	377,343,034
İstanbul Dijital Taksi Uygulamaları Turizm San. ve Tic. A.Ş.	2,027,737	-
EC Yatırımlar Holding A.Ş. (*)	-	72,749,160
Total	752,367,774	450,092,194

^(*) EC Yatırımlar Holding A.Ş has merged with Lydia Yatırım Holding A.Ş. and transferred all of its tangible and monetary rights pursuant to the resolution of the Üsküdar 12th Notary Office dated 12.09.2024 and numbered 19811. The related amount is the debt balance received from EC Yatırımlar Holding A.Ş. within the scope of the investment made by Altay Yenilenebilir Enerji Üretim ve Depolama A.Ş. The relevant amount has been paid in full as of April 2025.

^(**) The company disposed of its shares in its subsidiary Go Sharing B.V. on 2 May 2025. As of this date, the Go Sharing Group companies are no longer considered related parties.

^(**) The related amount is the debt amount sent to 4B Mühendislik İnşaat Enerji ve Danışmanlık A.Ş.

ii. Transactions with related parties

a) Product and service purchases from related parties

Product and service purchases from related parties	1 January - 30 September 2025
Purchases	Interest	Rent	Other	Total
Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş.	110,933,396	295,755	1,183,066,514	1,294,295,665
Meta Mobilite Enerji A.Ş.	-	-	252,873,705	252,873,705
Algoritma Donanım ve Yazılım A.Ş.	-	-	128,605,856	128,605,856
4B Mühendislik İnşaat Enerji ve Danışmanlık A.Ş.	85,267,087	-	4,254,362	89,521,449
Altay Yenilenebilir Enerji Üretim ve Depolama A.Ş.	-	-	20,874,480	20,874,480
İstanbul Dijital Taksi Uygulamaları Turizm San.ve Tic. A.Ş.	-	-	20,155,122	20,155,122
1000 Ödeme Hizmetleri ve Elektronik Para A.Ş.	-	-	612,957	612,957
Total	196,200,483	295,755	1,610,442,996	1,806,939,234

Product and service purchases from related parties	1 January - 30 September 2024
Purchases	Interest	Rent	Other	Total
Bin Ulaşım ve Akıllı Şehir Teknolojileri
A.Ş.	-	403,782	1,078,822,693	1,079,226,475
Go Sharing B.V.	-	-	119,639,210	119,639,210
4B Mühendislik İnşaat Enerji ve
Danışmanlık A.Ş.	54,255,117	-	5,981,961	60,237,078
Algoritma Donanım ve Yazılım A.Ş.	-	-	4,217,722	4,217,722
Altay Yenilenebilir Enerji Üretim ve
Depolama A.Ş.	-	-	3,888,274	3,888,274
Meta Mobilite Enerji A.Ş.	-	-	3,614,599	3,614,599
Total	54,255,117	403,782	1,216,164,460	1,270,823,359

b) Product and service sales to related parties

Product and service sales to related parties	1 January - 30 September 2025
Sales	Interest	Rent	Other	Total
Bin Ulaşım ve Akıllı Şehir Teknolojileri
A.Ş.	-	-	1,231,099,075	1,231,099,075
Meta Mobilite Enerji A.Ş.	240,211,837	-	252,737,684	492,949,521
Algoritma Donanım ve Yazılım A.Ş.	-	-	458,617,344	458,617,344
Altay Yenilenebilir Enerji Üretim ve
Depolama A.Ş.	13,186,524	-	270,094,728	283,281,252
4B Mühendislik İnşaat Enerji ve
Danışmanlık A.Ş.	23,659,720	-	59,692,571	83,352,291
İstanbul Dijital Taksi Uygulamaları
Turizm San.ve Tic. A.Ş.	3,385,804	-	18,044,334	21,430,138
1000 Ödeme Hizmetleri ve Elektronik
Para A.Ş.	-	-	173,244	173,244
Total	280,443,885	-	2,290,458,980	2,570,902,865

Product and service sales to related parties	1 January - 30 September 2024
Sales	Interest	Rent	Other	Total
Go Sharing B.V(*)	-	110,282,017	637,177,699	747,459,716
Bin Ulaşım Akıllı Şehir Teknolojileri
A.Ş.	102,289,888	-	231,913,085	334,202,974
Meta Mobilite Enerji A.Ş.	62,235,767	-	200,518,375	262,754,142
Algoritma Donanım ve Yazılım A.Ş.	15,648,900	-	137,157,345	152,806,245
Altay Yenilenebilir Enerji Üretim ve
Depolama A.Ş.	2,889,413	-	33,551,414	36,440,827
1000 Ödeme Hizmetleri ve Elektronik
Para A.Ş.	-	-	3,532,962	3,532,962
İstanbul Dijital Taksi Uygulamaları
Turizm Sanayi ve Tic. A.Ş.	8,865	-	21,265,597	21,274,463
4B Mühendislik İnşaat Enerji ve
Danışmanlık A.Ş.	87,805	-	18,244,030	18,331,835
Total	183,160,638	110,282,017	1,283,360,507	1,576,803,163

^(*)The company disposed of its shares in its subsidiary Go Sharing B.V. on 2 May 2025. As of this date, the Go Sharing Group companies are no longer considered related parties.

Total remuneration and benefits of key management personnel

As of 1 January - 30 September 2025, remuneration and similar benefits provided to key management personnel such as general manager and assistant general managers in the current period is TRY16,236,361 (1 January - 30 September 2024: TRY10,044,906).

(*) Expressed in Turkish Lira (TRY) based on the purchasing power as of 30 September 2025.

NOTE 4 - CASH AND CASH EQUIVALENTS

	30 September 2025	31 December 2024
Cash in hand	355	443
Banks	376,208,390	62,554,773
- Demand deposits	233,902,918	9,615,402
- Time deposits (*)	142,305,472	52,939,371
Total	376,208,745	62,555,216

^(*) The maturity of time deposits is less than 3 months and the average effective interest rate is 37% (31 December 2024: 43.95%).

NOTE 5-FINANCIAL INVESTMENTS

a) Short - term financial investments

The details of the Company's short - term financial investments as at 30 September 2025 and 31 December 2024 are as follows:

	30 September 2025	31 December 2024
Time deposits	-	137,387,208
Financial investments at fair value through profit or loss	305,024,416	951,114,731
- Equity securities (**)	-	951,114,731
- Investment fund	305,024,416	-
Total	305,024,416	1,088,501,939

(**) The Company has acquired 2.79% of Ufuk Yatırım Yönetim ve Gayrimenkul Anonim Şirketi, a company listed on the stock exchange on 14.06.2024. All shares of this Company were sold on 12 May 2025. The related amount is recognized in income from investing activities The movement of equity securities is presented below;

	1.01.2025
Equity securities (**)	30.09.2025
Beginning of the period	951,114,731
Purchase price	-
Equity investments fair value gains	363,454,221
Sales	(192,828,949)
Inflation effect	(1,121,740,003)
End of the period	-

b) Long - term financial investments

The details of the Company's long - term financial investments as at 30 September 2025 and 31 December 2024 are as follows:

	30 September 2025	31 December 2024
Financial investments at fair value through profit or loss	18,198,169,651	13,136,057,353
Total	18,198,169,651	13,136,057,353

Paylar

	30 September 2025	31 December 2024
Shares traded on the stock exchange (*)	15,007,370,968	9,774,884,567
Shares not traded on the stock exchange	3,190,798,683	3,361,172,786
Total	18,198,169,651	13,136,057,353

(*) One of the financial investments of the Company, Bin Ulaşım ve Akıllı Şehir Teknolojileri Anonim Şirketi, started to be traded on Yıldız Pazar on 9 October 2024. The fair value of Bin Ulaşım ve Akıllı Şehir Teknolojileri Anonim Şirketi is recognized at fair value in the financial statements as of 30 September 2025.

Financial investments at fair value through profit or loss

As of 30 September 2025 and 31 December 2024, the fair value details of subsidiaries and associates are as follows:

	Share Ratio (%)	30 September 2025	Share Ratio (%)	31 December 2024
Bin Ulaşım ve Akıllı Şehir Teknolojileri A.Ş. 5	75	15,007,370,968	75	9,774,884,565
ve bağlı ortaklıkları ( ) 1 Meta Mobilite Enerji A.Ş. ( )	92	1,868,086,410	92	1,992,039,166
1 Algoritma Donanım ve Yazılım A.Ş. ( )	100	130,499,977	100	139,159,015
1 ) (4 ) (6 Go Sharing B.V. ( )	100	-	100	33,392,952
Altay Yenilenebilir Enerji Üretim ve 2 Depolama A.Ş. ( )	100	51,289,864	100	54,693,090
Cyprus Binbin Micromobility Limited	5	160,820	5	160,820
3 Yeşil Kalkınma Vakfı ( )	100	318,225	100	318,225
Finq Teknoloji ve İnovasyon Sanayi Ticaret 3 A.Ş. ( )	1	517,795	1	517,795
4B Mühendislik İnşaat Enerji ve Danışmanlık 3 A.Ş. ( )	100	398,243	100	398,243
1000 Ödeme Hizmetleri ve Elektronik Para 2 A.Ş. ( )	100	154,530,415	100	90,139,245
İstanbul Dijital Taksi Uygulamaları Turizm 4 San. ve Tic. A.Ş. ( )	100	984,996,934	100	1,050,354,237
Total		18,198,169,651		13,136,057,353

The fair value of the companies has been determined by an independent valuation company with an independent valuation report dated 31 December 2024. The valuation report is prepared in USD and converted to Turkish lira at the end-of-period exchange rate. The valuation company is authorized by the CMB and provides valuation services in accordance with capital markets legislation. The fair value of the financial investments held are calculated according to the Discounted Cash Flow Method ("DCF") and Net Asset Value method.

⁽¹⁾ The fair value of the related financial investments is determined according to the Discounted Cash Flow Method.

⁽²⁾ The fair value of the related financial investment is determined according to the Net Asset Value method.

⁽³⁾ Related financial investments are recognized at cost.

⁽⁴⁾ The related financial investment is recognized at fair value in the valuation report dated 31 December 2024.

⁽⁵⁾ The related financial investment is accounted with the stock exchange fair value at 30 September 2025.

⁽⁶⁾ The related financial investment is sold on 2 May 2025.

NOTE 6 - TRADE RECEIVABLES AND PAYABLES

a) Trade receivables

The details of the Company's trade receivables are as follows:

	30 September 2025	31 December 2024
Trade receivables (*)	1,550,923	-
Total	1,550,923	-

^(*) It results from the sale of Go Sharing B.V. on 2 May 2025.

b) Trade payables

The details of the Company's trade payables are as follows:

	30 September 2025	31 December 2024
Trade payables to third parties	17,552,375	24,678,550
Total	17,552,375	24,678,550

The aging analysis of the Company's short-term trade payables is as follows:

	30 September 2025	31 December 2024
0 - 3 months	17,552,375	24,678,550
Total	17,552,375	24,678,550

NOTE 7 - OTHER RECEIVABLES AND PAYABLES

a) Short - term other receivables

	30 September 2025	31 December 2024
Other receivables due from related parties (Note 3)	1,131,459,543	773,391,779
Other miscellaneous receivables	179,832,427	22,976,346
Total	1,311,291,970	796,368,125

b) Short - term other payables

	30 September 2025	31 December 2024
Other payables due to related parties (Note 3)	752,367,774	450,092,194
Other miscellaneous payables	473,489	678,400
Total	752,841,263	450,770,594

NOTE 8-FINANCIAL LIABILITIES

a) Short - term borrowings

	30 September 2025	31 December 2024
Bank borrowings (*)	162,140,152	-
Total	162,140,152	-

^(*) All of the loans are in Turkish Lira.

b) Long - term borrowings

	30 September 2025	31 December 2024
Bank borrowings (*)	34,800,801	-
Total	34,800,801	-

As of 30 September 2025, the effective interest rate on loans is 51%.

c) Short - term other financial liabilities

	30 September 2025	31 December 2024
Other financial liabilities (**)	4,495,100	6,857,920
Total	4,495,100	6,857,920

^(**) Other financial liabilities consists of Company's credit cards.

d) Maturity Terms

	30 September 2025	31 December 2024
0-3 months	43,224,446	6,857,920
3-12 months	123,410,806	-
1-5 years	34,800,801	-
Total	201,436,053	6,857,920

NOTE 9-PREPAID EXPENSES AND DEFERRED INCOME

a) Short - term prepaid expenses

The details of short - term prepaid expenses are as follows:

	30 September 2025	31 December 2024
Advances given	3,384,098	837,906
Prepaid expenses for upcoming months - insurance	786,046	-
Total	4,170,144	837,906

b) Short - term deferred income

	30 September 2025	31 December 2024
Advances received	396,770,000	-
Deferred income – salary promotion	-	2,369,226
Total	396,770,000	2,369,226

NOTE 10- PROPERTY, PLANT AND EQUIPMENT

	Fixed Assets	Special Costs	Total
Cost
Opening balance as of 1 January 2025	2,186,115	3,667,325	5,853,440
Additions	14,104	-	14,104
Disposals	(163,052)	-	(163,052)
Closing balance as of 30 September 2025	2,037,167	3,667,325	5,704,492
Accumulated Amortization (-)
Opening balance as of 1 January 2025	(455,159)	(825,148)	(1,280,307)
Current period depreciation (-)	(336,843)	(610,779)	(947,622)
Disposals	54,053	-	54,053
Closing balance as of 30 September 2025	(737,949)	(1,435,927)	(2,173,876)

Net book value as of 1 January 2025	1,730,956	2,842,177	4,573,133
Net book value as of 30 September 2025	1,299,218	2,231,398	3,530,616

	Fixed Assets	Special Costs	Total

Cost
Opening balance as of 1 January 2024	1,646,927	3,667,325	5,314,252
Additions	661,592	-	661,592
Disposals	(122,404)	-	(122,404)
Closing balance as of 31 December 2024	2,186,115	3,667,325	5,853,440

Accumulated Amortization (-)
Opening balance as of 1 January 2024	(74,112)	(165,030)	(239,142)
Current period depreciation (-)	(398,639)	(660,118)	(1,058,757)
Disposals Closing balance as of 31 December 2024	17,592 (455,159)	- (825,148)	17,592 (1,280,307)

Net book value as of 1 January 2024	1,572,815	3,502,295	5,075,110

NOTE 11-INTANGIBLE ASSETS

	Rights	Total
Cost
Opening balance as of 1 January 2025	28,216,988	28,216,988
Additions	-	-
Closing balance as of 30 September 2025	28,216,988	28,216,988
Accumulated Amortization (-)
Opening balance as of 1 January 2025	(1,561,490)	(1,561,490)
Current period depreciation (-)	(2,551,880)	(2,551,880)
Closing balance as of 30 September 2025	(4,113,370)	(4,113,370)
Net book value as of 1 January 2025	26,655,498	26,655,498
Net book value as of 30 September 2025	24,103,618	24,103,618

Relevant amount consists of investment to develop our system software and mobile application as of 30 September 2025.

	Rights	Total
Cost
Opening balance as of 1 January 2024	-	-
Additions	28,216,988	28,216,988
Closing balance as of 31 December 2024	28,216,988	28,216,988
Accumulated Amortization (-)
Opening balance as of 1 January 2024	-	-
Current period depreciation (-)	(1,561,490)	(1,561,490)
Closing balance as of 31 December 2024	(1,561,490)	(1,561,490)
Net book value as of 1 January 2024	-	-
Net book value as of 31 December 2024	26,655,498	26,655,498

30 September 2025 31 December 2024

NOTE 12- PROVISIONS, CONTINGENT ASSETS AND LIABILITIES

a) Guarantees received

There are no contingent assets (31 December 2024: None).

b) Guarantees given

	1,499,936,528	1,499,936,528
	-	-

	-	-
ii. Total amount of collaterals/pledges/mortgages given or other	-	-
	-	-
	-	-


	-	-

	76,880,680	76,880,680
	1,423,055,848	1,423,055,848
	-	-
	1,499,936,528	1,499,936,528

	TRY	TRY Equivalent
10,000,000	887,500,000	1,302,568,000
		-

-	-	-


-	-	-
-	-	-

		-


		-


		20,500,000
		867,000,000
		415,068,000
		1,302,568,000
		Equivalent
		TRY
		1,499,936,528
		-
		76,880,680
		1,423,055,848
	USD 10,000,000 10,000,000 - - - - -	867,000,000 20,500,000 415,068,000 1,302,568,000 TRY 887,500,000 - 867,000,000 20,500,000 - - -

NOTE 13-EMPLOYEE BENEFITS

a) Payables related to employee benefits

The payables of the Company's employee benefits as of end of the periods are explained below:

	30 September 2025 31 December 2024
Payables to personnel (*)	9,901,114	2,190,812
Social security premium payables	1,126,913	1,341,314
Total	11,028,027	3,532,126

(*) The relevant amount consists of September wage accruals as of 30 September 2025. The related amount was paid in October (The relevant amount consists of December wage accruals as of 31 December 2024. The relevant balances were paid in January).

b) Provisions for employment termination benefits

i. Unused vacation

	30 September 2025	31 December 2024
Provisions for unused vacation	1,816,487	1,901,100
Total	1,816,487	1,901,100
The movement of short - term provisions is as follows:
	1.01.2025	1.01.2024
	30.09.2025	31.12.2024
Beginning of period	1.901.100	554.129
Additions	300.816	1.517.298
Inflation effect	(385.429)	(170.327)
End of period	1.816.487	1.901.100

ii. Provision for employment termination benefits

The Company assumes that all of its personnel will retire when they complete their service for 25 years for men and 20 years for women. The principal assumption is that the maximum liability for each year of service will increase in line with the inflation. Thus, when he retires, he finds the portion of the severance pay he will receive in accordance with his seniority on the balance sheet date. This amount is discounted at the rates stated below, in accordance with the remaining period of retirement. As of 30 September 2025 the provision was calculated with discount ratio as approximately 7.71% on the assumption of annual 33,00% inflation rate and 41.25% interest rate.

Actuarial gains and losses arising in the following year due to the differences in the discount rate and the rate of employee resignations are not considered significant, so they are not reported in the Equity in the balance sheet over the other Comprehensive Profit and Loss Statement. It is assumed that those who continue to work while they are able to retire and those who continue to work after retirement will leave on the balance sheet date. The amount of severance pay is subject to an upper limit that is redefined every year. During these calculations, the upper limit of the salary based on severance pay has been taken into the account. This upper limit is TRY53,919.68 effective from 30 September 2025 (31 December 2024: TRY46,655.43).

	30 September 2025	31 December 2024
Provisions for employment termination benefits	2,614,478	2,521,243
Total	2,614,478	2,521,243

Movements of the provisions for employment termination benefits during the year are as follows:

	1.01.2025	1.01.2024
	30.09.2025	31.12.2024
Beginning of period	2,521,243	896,669
Service cost	631,405	1,389,420
Interest cost	346,981	595,465
Compensation paid	(159,523)	(86,329)
Actuarial gain/(loss)	(214,470)	-
Inflation effect	(511,157)	(273,982)
End of period	2,614,478	2,521,243

NOTE 14- OTHER ASSETS AND LIABILITIES

a) Other current assets

The details of the Company's other current assets as of the end of the period are as follows;

	30 September 2025	31 December 2024
Deferred VAT	16,244,648	13,641,329
Personnel advances	463,333	299,777
Total	16,707,981	13,941,106

b) Other current liabilities

The details of the Company's other current liabilities as of the end of the period are as follows;

	30 September 2025	31 December 2024
Other liabilities payables	11,133	42,886
Total	11,133	42,886

NOTE 15- EQUITY

a) Capital

The Company's issued share capital is TRY1,290.150,000 and has been fully paid in free of collusion. This capital is divided into 1,290,150,000 shares with a nominal value of TRY1.00 each of these, 219,600,000 are registered Class A shares and 1,070,550,000 are hearer Class B shares. Group A shares have the priviledge to nominate candidates for the Board of Directors and to vote in the General Assembly. Group B shares do not have any privileges, and the priviliged shares are specified in the relevant sections of the Company's Articles of Association. The Company's registered capital ceiling is TRY62,500,000 (31 December 2024: TRY62,500,000)

The paid-in capital structure of the Company as of 30 September 2025 and 31 December 2024 are as follows:

Shareholders	(%)	30 September 2025 (%)		31 December 2024

Kadir Can Abdik	14.7	189,610,875	17.63	8,287,500
Mustafa Saim Birpınar	14.7	189,610,875	17.63	8,287,500
Üsame Erdoğan	14.7	189,610,875	17.63	8,287,500
Hüseyin Ardan Küçük	4.52	58,365,562,5	7.46	3,506,250
Haris Pojata	4.52	58,365,562,5	7.46	3,506,250
Lydia Yatırım Holding Anonim Şirketi (*)	8.97	115,701,750	11.97	5,625,000
Public offering capital	37.89	488,884,500	20.22	9,500,000
Paid-in capital	100	1,290,150,000	100	47,000,000
Positive inflation adjustment differences		107,906,367		67,696,798
Total Paid-in Capital		1,398,056,367		114,696,798

(*) EC Yatırımlar Holding A.Ş has merged with Lydia Yatırım Holding A.Ş. and transferred all of its tangible and monetary rights pursuant to the resolution of the Üsküdar 12th Notary Office dated 12.09.2024 and numbered 19811.

Out of a total of 1,290,150,000 shares representing the issued capital of the Company amounting to TRY1,290,150,000, 219,600,000 shares are designated as Group (A) shares and 1,070,550,000 shares are designated as Group (B) shares.

Group (A) shareholders have the privilege to nominate candidates for the Board of Directors and to vote at the General Assembly. Group (B) shares do not have any privileges.

b) Share premiums/discounts (+/-)

	30 September 2025	31 December 2024
Share premiums issued	695,963,895	1,590,678,483
Total	695,963,895	1,590,678,483

c) Other comprehensive income or expenses not to be reclassified to profit or loss

	30 September 2025 31 December	2024
Acturial profit/(loss) arising from defined benefit plans	165,142	-
Total	165,142	-

d) Restricted reserves

	30 September 2025	31 December 2024
Legal reserve	30,065,472	-
Total	30,065,472	-

e) Retained earnings

	30 September 2025	31 December 2024
Retained earnings	9,411,228,820	18,417,660,556
Total	9,411,228,820	18,417,660,556

NOTE 16- TAX ASSETS AND LIABILITIES

Current tax expense and deferred tax

The Company is subject to corporate tax in Turkey. Provision is made in the accompanying financial statements for the estimated charge based on the Company's results for the current period.

The corporate tax rate to be accrued on taxable corporate income is calculated over the remaining tax base after adding the non-deductible expenses from the tax base in the determination of the commercial profit and deducting the tax-exempt earnings, non-taxable incomes and other deductions (previous year losses, if any, and investment discounts used if preferred).

In 2025, the effective tax rate is 23% (2024: 23%). The 2 bps decrease in the effective tax rate is mainly due to the IPO effect.

Corporation tax

Company activities are subject to Turkish Tax Legislation and practices.

The corporate tax rate is applied to the net corporate income to be found as a result of adding the expenses that are not accepted as deductible in accordance with the tax laws to the commercial income of the corporations and deducting the exemptions and discounts in the tax laws. Companies file their tax returns within the 30th of the fourth month following the close of the financial year to which they relate and are paid by the end of the respective month.

According to the Corporate Tax Law, financial losses shown on the declaration can be deducted from the corporate tax base of the period, provided that they do not exceed 5 years. Declarations and related accounting records can be examined by the tax office within five years.

Dividend payments made to resident companies in Turkey, to those who are not liable and exempt from corporate tax and income tax, and to real persons and non-resident legal entities in Turkey, are subject to income tax.

Dividend payments made from companies' resident in Turkey to joint stock companies residing in Turkey are not subject to income tax. In addition, income tax is not calculated if the profit is not distributed or added to the capital.

The effective rate in 2025 is 23% (31 December 2024: 23%).

Current Period Tax Income/(Expense)	1.01.2025 30.09.2025	1.01.2024 30.09.2024
Current tax income/(expense)	-	(13,684,202)
Deferred tax income/(expense)	(1,591,212,132)	1,092,885,478
Operating Tax Income/(Expense)	(1,591,212,132)	1,079,201,276

Deferred Tax

The Company recognizes deferred tax assets and liabilities for temporary timing differences arising from the differences between the tax base legal financial statements and financial statements prepared in accordance with TFRS. These differences are generally due to the fact that some income and expense items are included in different periods in the tax base financial statements and financial statements prepared in accordance with TFRS, and the said differences are stated below.

Recognized in statement of profit/(loss) 30 September 2025	Temporary Differences	Deferred Tax

Cash and cash equivalents	35,955,634	(8,269,796)
Financial investments	17,578,015,221	(4,042,943,501)
Other receivables	252,334,823	(58,037,009)
Prepaid expenses	(350)	81
Property, plant and equipment	399,987	(91,997)
Intangible assets	6,370,746	(1,465,272)
Short-term portion of long-term borrowings	(7,377,650)	1,696,860
Other payables	(186,886,156)	42,983,816
Provisions for unused vacations	(1,816,487)	417,792
Provision for employment termination benefits	(2,614,478)	601,330
Deferred tax - net	17,674,381,290	(4,065,107,696)
Recognized in equity 30 September 2025	Temporary Differences	Deferred Tax
Actuarial profit/(loss) arising from defined benefit plans	214,470	(49,328)
Total tax asset/(liability) - net	214,470	(49,328)
Net Asset/(Liability) Total	17,674,595,760	(4,065,157,024)
Total		(4,065,157,024)

Recognized in statement of profit/(loss) 31 December 2024	Temporary Differences	Deferred Tax

Financial investments	13,470,282,175	(3,098,164,900)
Other current assets	12,338,751	(2,837,913)
Property, plant and equipment	1,905,312	(438,222)
Intangible assets	7,056,968	(1,623,103)
Provisions for unused vacations	(1,901,099)	437,253
Other short-term liabilities	(2,369,226)	544,922
Provision for employment termination benefits	(2,521,242)	579,886
Deferred tax - net	13,484,791,639	(3,101,502,077)
Recognized in equity 31 December 2024	Temporary Differences	Deffered Tax
Actuarial profit/(loss) arising from defined benefit plans	-	-
Total tax asset/(liability) - net	-	-

Net Asset/(Liability) Total	13,484,791,639	(3,101,502,077)

NOT 17-REVENUE AND COST OF SALES

None (30.09.2024: None).

Gains on revaluation of long-term financial investments, which were classified as revenue in previous years, will be followed under "Income from Investment Activities" account as of 2025.

NOTE 18- GENERAL ADMINISTRATIVE EXPENSES, MARKETING EXPENSES

Details of general administrative expenses:

	1.01.2025	1.01.2024	1.07.2025	1.07.2024
	30.09.2025	30.09.2024	30.09.2025	30.09.2024
Software expenses	65,730,709	-	25,287,212	-
Personnel expenses	62,103,052	100,120,698	19,445,377	24,863,959
Consultancy expenses	6,894,049	104,290,845	4,533,086	19,074,990
Depreciation expenses	3,499,502	9,001,779	1,279,713	7,869,991
Tax, duties and charges expenses	430,063	3,679,416	44,095	1,438,458
Representation and hospitality expenses	302,564	4,352,309	-	340,368
Rent expenses	246,462	1,477,026	77,143	19,530
Travel expenses	47,872	696,632	18,652	76,122
Vehicle expenses	-	14,799,491	-	1,228,671
Other expenses	17,095,331	47,976,748	15,354,050	12,941,006
Total	156,349,604	286,394,944	66,039,328	67,853,095

Details of marketing, selling and distribution expenses are as follows:

	1.01.2025 30.09.2025	01.01.2024 30.09.2024	1.07.2025 30.09.2025	1.07.2024 30.09.2024
Advertisement expenses	1,203,271	5,297,782	552,562	2,300,859
Total	1,203,271	5,297,782	552,562	2,300,859

NOTE 19- OTHER OPERATING INCOME AND EXPENSES

Details of other operating income:

	1.01.2025	1.01.2024	1.07.2025	1.07.2024
	30.09.2025	30.09.2024	30.09.2025	30.09.2024
Current account foreign exchange gains	6,376,952	28,067,393	122,856	(40,001,327)
Income from salary promotion	1,888,889	-	365,910	(8,107,351)
Other income	61,724,729	-	60,716,993	(129,161)
Total	69,990,570	28,067,393	61,205,759	(48,237,839)

Details of other operating expenses:

	1.01.2025 30.09.2025	01.01.2024 30.09.2024	01.07.2025 30.09.2025	01.07.2024 30.09.2024
Current foreign exchange losses	2,986,113	-	620,804	(2,773,702)
Tax, fee and charge expenses	-	490,721	-	454,756
Other expenses	375,632	-	310,443	-
Total	3,361,745	490,721	931,247	(2,318,946)

NOTE 20-INCOME AND EXPENSES FROM INVESTMENT ACTIVITIES

Detail of income from investment activities:

	1.01.2025 30.09.2025	1.01.2024 30.09.2024	1.07.2025 30.09.2025	1.07.2024 30.09.2024
Gain recognized on
increase/decrease in value of	5,242,314,353	6,357,197,845	(641,354,054)	5,051,638,817
financial investments (*)
Financial gains on sales	95,030,926	-	(65,947)	-
Foreign exchange gains on financial investments	-	-	-	(4,004,529,526)
Total	5,337,345,279	6,357,197,845	(641,420,001)	1,047,109,291

^(*) Gains on revaluation of long-term financial investments, which were classified as revenue in previous years, will be followed under "Income from Investment Activities" account as of 2025.

Detail of expenses from investment activities:

	1.01.2025 30.09.2025	1.01.2024 30.09.2024	1.07.2025 30.09.2025	1.07.2024 30.09.2024
Losses on sales of equity securities	517,591,226	-	517,591,226	-
Impairment losses on financial investments	802,535	-	(147,511,679)	-
Foreign exchange losses on financial investments	240,374,102	3,787,660,815	(330,351,499)	3,787,660,815
Total	758,767,863	3,787,660,815	39,728,048	3,787,660,815

NOTE 21- FINANCIAL INCOME/(EXPENSES)

Details of financial income:

	1.01.2025 30.09.2025	1.01.2024 30.09.2024	1.07.2025 30.09.2025	1.07.2024 30.09.2024
Bank interest income	32,626,025	-	6,278,033	-
Nominal interest income	256,042,153	293,271,427	(153,507,819)	16,898,631
Bank foreign exchange gains	16,486,612	-	15,615,865	-
Total	305,154,790	293,271,427	(131,613,921)	16,898,631
Details of financial expenses:	1.01.2025 30.09.2025	1.01.2024 30.09.2024	1.07.2025 30.09.2025	1.07.2024 30.09.2024
Nominal interest expenses	196,226,612	-	45,072,790	-
Loan interest expenses	66,958,372	49,510,073	27,738,460	928,290
Bank foreign exchange losses	308,291	-	-	-
Other financial expenses	2,781,818	-	1,390,097	-
Total	266,275,093	49,510,073	74,201,347	928,290

NOTE 22- EARNINGS/(LOSS) PER SHARE

Basic (loss)/earnings per share is calculated by dividing net profit attributable to equity holders of the parent by the weighted average number of ordinary shares in issue during the period concerned. The Companies can increase their share capital by making a pro-rata distribution of shares ("bonus shares") to existing shareholders from retained earnings. In earnings per share calculation, this bonus share issuance is accepted as shares issued. Hence, weighted average stock share, which is used in the calculation of (loss)/earnings per share, is acquired by retrospective application of bonus share issue.

	1.01.2025 30.09.2025	1.01.2024 30.09.2024	1.07.2025 30.09.2025	1.07.2024 30.09.2024
Net (loss)/profit for the period attributable to equity holders of the parent The Company's issued capital consists of	3,256,051,528	(1,896,097,774)	(784,857,098)	(2,554,192,279)
ordinary shares with a nominal value of TRY1.00 each For the comparable period, the number of	1,290,150,000	47,000,000	1,290,150,000	47,000,000
ordinary shares with a nominal value of TRY1.00 each was	1,290,150,000	1,290,150,000	1,290,150,000	1,290,150,000
	2.52	(1.47)	(0.61)	(1.98)

NOTE 23- NATURE AND LEVEL OF RISKS DERIVING FROM FINANCIAL INSTRUMENTS

Credit risk

The Company's principal financial instruments are cash and cash equivalents and other receivables. The main purpose of these financial instruments is to raise finance for the Company's operations. The Company has various other financial instruments such as trade debtors and other debtors, which arise directly from its operations. The main risks arising from the Company's financial instruments are interest rate risk, liquidity risk, foreign currency risk and credit risk. The Company management analyses each of the risks summarised below and develops the following policies.

Credit risks exposed by types of financial instruments:

			Receivables
	Trade Receivables		Other Receivables		Bank Deposits	Other
30.09.2025	Related parties	Other parties	Related parties	Other parties
Maximum amount of credit risk exposed as of reporting date (A+B+C+D)	-	1,550,923	1,131,459,543	179,832,427	376,208,390	305,024,771
- The part of maximum credit risk covered with guarantees	-	-	-	-	-	-
A. Net book value of financial assets not due or not impaired B. Net book value of financial assets of which conditions are	-	1,550,923	1,131,459,543	179,832,427	376,208,390	305,024,771
negotiated, otherwise considered as impaired or overdue	-	-	-	-	-	-
C. Net book value of assets past due but not impaired	-	-	-	-	-	-
- The part secured with collateral etc.	-	-	-	-	-	-
D. Net book value of assets impaired	-	-	-	-	-	-
- Past due amount (gross book value)	-	-	-	-	-	-
- Impairment amount (-)	-	-	-	-	-	-
- The part of net value under guarantee with collaterals, etc.	-	-	-	-	-	-

			Receivables
	Trade Receivables		Other Receivables		Bank Deposits	Other
31.12.2024	Related parties	Other parties	Related parties	Other parties
Maximum amount of credit risk exposed as of reporting date (A+B+C+D)	-	-	773,391,779	22,976,346	199,941,981	951,115,174
- The part of maximum credit risk covered with guarantees	-	-	-	-	-	-
A. Net book value of financial assets not due or not impaired	-	-	773,391,779	22,976,346	199,941,981	951,115,174
B. Net book value of financial assets of which conditions are
negotiated, otherwise considered as impaired or overdue	-	-	-	-	-	-
C. Net book value of assets past due but not impaired	-	-	-	-	-	-
- The part secured with collateral etc.	-	-	-	-	-	-
D. Net book value of assets impaired	-	-	-	-	-	-
- Past due amount (gross book value)	-	-	582,835,631	-	-	-
- Impairment amount (-)	-	-	(582,835,631)	-	-	-
- The part of net value under guarantee with collaterals, etc.	-	-	-	-	-	-

Liquidity risk

Liquidity risk is the possibility that the Company will not meet its net toning obligations. The occurrence of events that result in a decrease in fund resources, such as deterioration in the markets or a decrease in the credit score, causes the liquidity risk to occur. The Company management manages the liquidity risk by allocating funds and keeping sufficient cash and similar resources to fulfill the position its current and potential liabilities. The Company's liquidity risk as 30 September 2025 are as follows:

30.09.2025
Maturity Terms	Book Value	Total cash outflows (I+II+III+IV+V)	Less than 3 months (I)	3 - 12 months (II)	1 - 5 years (III)	More than 5 years (IV)	Demand Deposit (V)
Non-derivative financial liabilities
Bank borrowings	196,940,953	260,491,904	55,819,694	167,459,081	37,213,129	-	-
Credit card payables	4,495,100	4,495,100	4,495,100	-	-	-	-
Maturities expected	Book Value	Total expected cash outflows (VI=I+II+III+IV+V)	Less than 3 months (I)	3 - 12 months (II)	1 - 5 years (III)	More than 5 years (IV)	Demand Deposit (V)
Non-derivative financial liabilities
Trade payables	17,552,375	17,552,375	17,552,375	-	-	-	-
Other payables	752,841,263	752,841,263	752,841,263	-	-	-	-
Other liabilities	11,133	11,133	11,133	-	-	-	-
Employee benefit obligations	11,028,027	11,028,027	11,028,027	-	-	-	-
Provisions for employee benefits	4,430,965	4,430,965	-	1,816,487	-	-	2,614,478

31.12.2024
Maturity Terms	Book Value	Total cash outflows (I+II+III+IV+V)	Less than 3 months (I)	3 - 12 months (II)	1 - 5 years (III)	More than 5 years (IV)	Demand Deposit (V)
Non-derivative financial liabilities
Credit card payables	6,857,920	6,857,920	6,857,920	-	-	-	-
Maturities expected	Book Value	Total expected cash outflows (VI=I+II+III+IV+V)	Less than 3 months (I)	3 - 12 months (II)	1 - 5 years (III)	More than 5 years (IV)	Demand Deposit (V)
Non-derivative financial liabilities
Trade payables	24,678,550	24,678,550	24,678,550	-	-	-	-
Other payables	450,770,594	450,770,594	450,770,594	-	-	-	-
Other liabilities	42,886	42,886	42,886	-	-	-	-
Employee benefit obligations	3,532,126	3,532,126	3,532,126	-	-	-	-
Provisions for employee benefits	4,422,343	4,422,343	-	1,901,100	-	-	2,521,243

Currency risk management

The Company is exposed to foreign currency risk arising from exchange rate changes, since the amounts in foreign currency borrowed or creditor are converted into Turkish lira. The said foreign currency risk is followed by analysing the foreign currency position.

The foreign currency position table of the Company, expressed in Turkish Lira, is as follows:

Foreign Currency Statement - 30.09.2025	TRY Equivalent (Functional currency)	USD	EUR
1. Trade receivables	-	-	-
2a. Monetary financial assets (Cash, bank accounts included)	-	-	-
2b. Non-monetary financial assets	-	-	-
3. Other	2,889,630	45,727	20,341
4. Current assets (1+2+3)	2,889,630	45,727	20,341
5. Trade receivables	-	-	-
6a. Monetary financial assets	18,130,443,728	436,806,589	-
6b. Non-monetary financial assets	-	-	-
7. Other	-	-	-
8. Non-current assets (5+6+7)	18,130,443,728	436,806,589	-
9. Total assets (4+8)	18,133,333,358	436,852,316	20,341
10. Trade payables	14,942,448	360,000	-
11. Financial liabilities	-	-	-
12a. Monetary other liabilities	-	-	-
12b. Non-monetary other liabilities	-	-	-
13. Short - term liabilities (10+11+12)	14,942,448	360,000	-
14. Trade payables	-	-	-
15. Financial liabilities	-	-	-
16a. Monetary other liabilities	-	-	-
16b. Non-monetary other liabilities	-	-	-
17. Long - term liabilities (14+15+16)	-	-	-
18. Total liabilities (13+17)	14,942,448	360,000	-
19. Net assets/(liabilities) position of balance sheet derivative instruments (19a-19b)	-	-	-
19a. Amount of hedged assets	-	-	-
19b. Amount of hedged liabilities	-	-	-
20. Net foreign currency assets/(liabilities) position (9-18+19)	18,118,390,910	436,492,316	20,341
21. Net foreign currency assets/(liabilities) position of monetary items
(=1+2a+5+6a-10-11-12a-14-15-16a) 22. Total fair value of financial instruments used for foreign currency hedging	18,115,501,280 -	436,446,589 -	- -
23. Amount of foreign currency denominated assets hedged	-	-	-
24. Amount of foreign currency denominated liabilities hedged	-	-	-
25. Export	-	-	-
26. Import	-	-	-

Foreign Currency Statement - 31.12.2024	TRY Equivalent (According to functional currency indexed values)	TRY Equivalent (Functional currency)	USD	EUR
1. Trade receivables	-	-	-	-
2a. Monetary financial assets (Cash, bank
accounts included)	4,751,570	3,788,237	-	103,120
2b. Non-monetary financial assets	-	-	-	-
3. Other	-	-	-	-
4. Current assets (1+2+3)	4,751,570	3,788,237	-	103,120
5. Trade receivables	-	-	-	-
6a. Monetary financial assets	13,134,662,255	10,471,741,543	296,815,547	-
6b. Non-monetary financial assets	-	-	-	-
7. Other	-	-	-	-
8. Non-current assets (5+6+7)	13,134,662,255	10,471,741,543	296,815,547	-
9. Total assets (4+8)	13,139,413,825	10,475,529,780	296,815,547	103,120
10. Trade payables	-	-	-	-
11. Financial liabilities	-	-	-	-
12a. Monetary other liabilities	8,912,621	7,105,677	121,856	76,050
12b. Non-monetary other liabilities	-	-	-	-
13. Short - term liabilities (10+11+12)	8,912,621	7,105,677	121,856	76,050
14. Trade payables	-	-	-	-
15. Financial liabilities	-	-	-	-
16a. Monetary other liabilities	-	-	-	-
16b. Non-monetary other liabilities	-	-	-	-
17. Long - term liabilities (14+15+16)	-	-	-	-
18. Total liabilities (13+17)	8,912,621	7,105,677	121,856	76,050
19. Net assets/(liabilities) position of balance
sheet derivative instruments (19a-19b)	-	-	-	-
19a. Amount of hedged assets	-	-	-	-
19b. Amount of hedged liabilities	-	-	-	-
20. Net foreign currency assets/(liabilities)
position (9-18+19)	13,130,501,204	10,468,424,103	296,693,691	27,070
21. Net foreign currency assets/(liabilities)
position of monetary items	13,130,501,204	10,468,424,103	296,693,691	27,070
(=1+2a+5+6a-10-11-12a-14-15-16a)
22. Total fair value of financial instruments
used for foreign currency hedging	-	-	-	-
23. Amount of foreign currency denominated
assets hedged	-	-	-	-
24. Amount of foreign currency denominated
liabilities hedged	-	-	-	-
25. Export	-	-	-	-
26. Import	-	-	-	-

Sensitivity to currency risk

The analysis is made with the assumption that the TRY depreciates or appreciates by 10% against the exchange rates and all variables such as interest rates are constant.

30.09.2025
	Appreciation of foreign currency	Depreciation of foreign currency
	Change of USD by 10% against TRY
1- Asset/(liability) denominated in USD – net	1,811,739,926	(1,811,739,926)
2- The part hedged for USD risk (-)	-	-
3- USD Effect – net (1+2)	1,811,739,926	(1,811,739,926)
	Change of EUR by 10% against TRY

4- Asset/(liability) denominated in EUR – net	99,165	(99,165)
5- The part hedged for EUR risk (-)	-	-
6- EUR Effect - net (4+5)	99,165	(99,165)
Total (3+6)	1,811,839,091	(1,811,839,091)

31.12.2024
	TRY Equivalent (According to functional currency indexed values)			TRY Equivalent (According to functional currency)
	Appreciation Depreciation of of foreign foreign currency currency		Appreciation of foreign currency	Depreciation of foreign currency
		USD appreciation/depreciation by 10% against TRY
1- Asset/(liability) denominated in USD – net	1,312,926,989	(1,312,926,989)	1,046,744,243	(1,046,744,243)
2- The part hedged for USD risk (-)	- -		-	-
3- USD Effect – net (1+2)	1,312,926,989 (1,312,926,989)		1,046,744,243	(1,046,744,243)
EUR appreciation/depreciation by 10% against TRY
4- Asset/(liability) denominated in EUR – net	124,733	(124,733)	99,443	(99,443)
5- The part hedged for EUR risk (-)	- -		-	-
6- EUR Effect - net (4+5)	124,733	(124,733)	99,443	(99,443)
Total (3+6)	1,313,051,722	(1,313,051,722)	1,046,843,686	(1,046,843,686)

Capital risk management

The Company's objectives when managing capital are to provide returns for shareholders and benefits for other stakeholders and to maintain an optimal capital structure to reduce the cost of capital. In order to maintain or adjust the capital structure, the Company return capital to shareholders, issue new shares or sell assets to reduce debt.

The Company monitors capital using the debt/equity ratio. This ratio is calculated as net debt divided by total capital. Net debt is calculated by deducting cash and cash equivalents from total debt (which includes financial liabilities, trade payables and other payables as shown in the balance sheet). Total capital is calculated by adding shareholders' equity and net debt, as shown in the balance sheet.

The Company's debt/equity ratios are as follows:

	30.09.2025	31.12.2024
Total monetary liabilities	971,829,691	482,307,064
Less: Cash and cash equivalents (Note 4)	(376,208,745)	(62,555,216)
Net debt	595,620,946	419,751,848
Total equity	14,791,531,224	11,535,314,554
Net debt/equity ratio	0.04	0.04

Fair value of financial instruments

Fair value is the amount at which a financial instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation, and is best evidenced by quoted market price, if one exists.

The estimated fair values of financial instruments have been determined by the Company using available market information and appropriate valuation methodologies.

However, judgement is necessarily required to interpret market data to estimate the fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company could realize in a current market exchange.

The following methods and assumptions were used to estimate the fair value of the financial instruments:

Monetary assets

Foreign currency balances are converted in Turkish Lira at the end of the period using the current foreign exchange buying rates. These balances are estimated to be close to the book value.

Given financial assets, including cash and cash equivalents, are movables with their cost values and it is estimated that their carrying values are approximately equal to their fair values due to their short - term nature.

It is expected that the book values of trade receivables, together with the related doubtful receivables provisions, project the fair value.

Monetary liabilities

It is assumed that the book values of bank loans and other monetary liabilities are close to their fair values due to their short-term nature.

Fair values of long - term foreign currency loans are close to their book values. The fair values of long-term bank loans determined to be disclosed in the related notes are the value of the cash flows stipulated capital by the contract, discounted with the current market interest rate.

Fair value estimation

The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows:

Level 1: Quoted prices in active markets for identical assets or liabilities.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Inputs for the asset or liability that are not based on observable market data.

30.09.2025 value through profit or loss Opening balance 10,725,999,298 Additions 305,024,416 Impairment, increase in value, net 5,595,940,622 Transfers () - Sales (1,121,740,003) Inflation effect (192,828,949) 15,312,395,384 Closing balance 1.01.2025 1.01.2024 Level 3 Financial assets measured at fair 30.09.2025 value through profit or loss Opening balance 3,361,172,786 Impairment, increase in value, net - Inflation effect (681,443,988) Foreign exchange translation differences 474,462,837 Negotiated purchase gain - Additions (33,392,952) Capital increase 70,000,000 Transfers () - Closing balance 3,190,798,683 3,361,172,786	Level 1 Financial assets measured at fair	1.01.2025	1.01.2024
			31.12.2024
			251,152,878
			58,589,064
			961,214,045
			9,774,884,568
			-
			(319,841,257)
			10,725,999,298
			31.12.2024
			24,394,339,742
			(9,010,163,944)
			(7,466,759,163)
			2,625,662,049
			2,072,911,259
			12,661,671

			507,405,738
			(9,774,884,566)

(*) This section shows the impact of the transition to Level 1 of the fair value hierarchy due to the listing of Bin Ulaşım on the stock exchange as of 9 October 2024.

Fair value of financial instruments

30 September 2025	Financial assets presented at amortized cost	Financial liabilities presented at amortized cost	Financial assets at fair value through profit or loss	Book value	Note
Financial Assets
Cash and cash
equivalents	376,208,745	-	-	376,208,745	4
Financial	, ,			, ,
investments	-	-	18,503,194,067	18,503,194,067	5
Financial
Liabilities
Trade payables	-	17,552,375	-	17,552,375	6
Other payables	_	752,841,263	-	752,841,263	7

31 December 2024	Financial assets presented at amortized cost	Financial liabilities presented at amortized cost	Financial assets at fair value through profit or loss	Book value	Note
Financial Assets
Cash and cash equivalents Financial	62,555,216	-	-	62,555,216	4
investments	-	-	14,224,559,292	14,224,559,292	5
Financial Liabilities
Trade payables Other payables	-	24,678,550 450,770,594	-	24,678,550 450,770,594	6 7

NOTE 24- EXPLANATIONS REGARDING NET MONETARY POSITION GAINS/(LOSES)

The company's net monetary position gains and (losses) before adjustments are as follows;

Non-monetary items	30 September 2025
Statement of financial position items	(2.333.566.072)
Financial investments	282.838
Property, plant and equipment	1.239.735
Other intangible assets	4.772.251
Deferred tax liabilities	(1.191.850)
Paid-in capital	(63.463.190)
Share premiums	(290.536.197)
Restricted reserves	(6.095.472)
Retaines earnings/(losses)	(1.978.574.187)
Statement of profit or loss items	2.654.296.669
General administrative expenses (-)	11.462.579
Marketing expenses (-)	107.243
Other income from operating activities	(23.592.650)
Other expenses from operating activities (-)	41.514
Income from investment activities	2.662.920.714
Financial income	(1.044.875)
Financial expenses (-)	4.402.144
Net monetary position gains/(losses)	320.730.597

NOTE 25- SUBSEQUENT EVENTS

After the balance sheet date, a capital increase transaction was carried out by the subsidiary, Algoritma Donanım ve Yazılım A.Ş.

The Company's capital is divided into a total of 200,000,000 shares, each with a nominal value of 1.00 Turkish Lira, and has been increased to 200,000,000.00 Turkish Lira.

The capital increase was effected by adding to the capital the amount of a loan previously provided by the shareholder to the Company, within the framework of the amount specified in the report of Certified Public Accountant Kemal Almalı dated 06 October 2025, number 2025-5.

This increase aims to strengthen the Company's financial structure and support the equity base in financing its operations.

This event occurred after the balance sheet date and has been assessed as a significant post-balance sheet event that does not require adjustment in the financial statements.

AI Terminal

1000 YATIRIMLAR HOLDİNG A.Ş.

10765_rns_2025-10-30_8be8f82c-b527-4a00-99d5-8428c3fbcad0.pdf

NOTE 1- ORGANIZATION AND ACTIVITIES OF THE COMPANY

Approval of Financial Statements

NOTE 2 - BASIS OF PRESENTATION OF FINANCIAL STATEMENTS

2.1 Basis of Presentation

Applied Financial Reporting Standards

Going Concern

Adjustment of Financial Statements in High Inflation Periods

2.2 Statement of Compliance with Turkish Accounting Standards ("TAS")

2.3 Current and Reporting Currency

2.4 Shares in Associates

2.5 Consolidation Exceptions

2.6 Disclosures on Financial Investments

2.7 Changes in Accounting Policies

2.8 Changes and Errors in Accounting Policies

2.9 New and Revised Standards and Comments

i) The new standards, amendments and interpretations which are effective as at 1 January 2025

ii) Standards issued but not yet effective and not early adopted

iii) The new amendments that are issued by the International Accounting Standards Board (IASB) but not issued by Public Oversight Authority (POA)

2.10 Summary of Significant Accounting Policies

Related Parties

Revenue

Cash and Cash Equivalents

Financial Instruments

Financial Assets

Effective Interest Method

Financial Investments at Fair Value Through Profit or Loss

Financial assets at amortized cost

Financial assets at fair value through other comprehensive income

Impairment of financial assets

Foreign Currency Transactions and Balances

Trade Payables

Provisions

Employee Benefits

Provision for employment termination benefits

Unused vacation

Contingent Liabilities

Contingent Assets

Earnings per Share

Subsequent Events

Income Taxes

Statement of Cash Flows

2.11 Significant Accounting Assessments, Estimates and Assumptions

NOTE 3 - TRANSACTIONS AND BALANCES WITH RELATED PARTIES

i. Balances with related parties

a) Other receivables from related parties

b) Other payables due to related parties

ii. Transactions with related parties

a) Product and service purchases from related parties

b) Product and service sales to related parties

Total remuneration and benefits of key management personnel

NOTE 5-FINANCIAL INVESTMENTS

a) Short - term financial investments

b) Long - term financial investments

Paylar

Financial investments at fair value through profit or loss

NOTE 6 - TRADE RECEIVABLES AND PAYABLES

a) Trade receivables

b) Trade payables

NOTE 7 - OTHER RECEIVABLES AND PAYABLES

a) Short - term other receivables

b) Short - term other payables

NOTE 8-FINANCIAL LIABILITIES

a) Short - term borrowings

b) Long - term borrowings

c) Short - term other financial liabilities

d) Maturity Terms

NOTE 9-PREPAID EXPENSES AND DEFERRED INCOME

a) Short - term prepaid expenses

b) Short - term deferred income

NOTE 10- PROPERTY, PLANT AND EQUIPMENT

NOTE 11-INTANGIBLE ASSETS

NOTE 12- PROVISIONS, CONTINGENT ASSETS AND LIABILITIES

a) Guarantees received

b) Guarantees given

NOTE 13-EMPLOYEE BENEFITS

a) Payables related to employee benefits

b) Provisions for employment termination benefits