AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Annual / Quarterly Financial Statement • Nov 11, 2024

IMPACT OF TMS 29 ON FINANCIAL STATEMENTS 08.11.2024

(million TL)	IAS 29 Including Inflation Accounting		IAS 29 Excluding Inflation Accounting(*)
Selected Consolidated Balance Sheet Items	30.09.2024	31.12.2023	30.09.2024	31.12.2023
Total Assets	28,413	29,164	25,967	25,693
Total Liabilities	5,964	9,477	6,151	5,917
Shareholders Equity	22,449	19,687	19,815	19,777
Financial Debt	3,662	6,643	3,662	4,890
Net Financial Debt	1,774	3,687	1,774	2,714
Selected Consolidated Income Statement
Items	30.09.2024	30.09.2023	30.09.2024	30.09.2023
Revenue	878	1,138	810	647
Gross Profit	845	1,097	779	625
Operating Profit	1,392(**)	4,869	4,952 (***)	5,022(***)
Net Profit for the Period (Parent Company's
Share)	1,354	2,873	4,487 (***)	2,354 (***)
EBITDA	789	1,030	728	584

(*) Data excluding TAS 29 Inflation Accounting is not included in the Company's financial report dated September 30, 2024.

(**) The main reason for the lower amount of Operating Profit for the 9-month period as of 30.09.2024 compared to the same period of the previous year is due to the more limited real estate value increases above inflation in the 01.01.-30.09.2024 period.

(***) The difference compared to the data including TAS 29 Inflation Accounting is mainly due to the increase in the fair value of the assets in the Company's assets.