AKFEN GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.

Annual / Quarterly Financial Statement • Mar 6, 2025

IMPACT OF TMS 29 ON FINANCIAL STATEMENTS 06.03.2025

(million TL)	IAS 29 Including Inflation Accounting		IAS 29 Excluding Inflation Accounting(*)
Selected Consolidated Balance Sheet
Items	31-12-24	31-12-23	31-12-24	31-12-23
Total Assets	30,701	33,756	29,765	22,979
Total Liabilities	6,327	10,969	6,624	7,889
Shareholders Equity	24,374	22,787	23,141	15,091
Financial Debt	3,489	7,059	3,489	4,890
Net Financial Debt	1,780	3,919	1,780	2,714
Selected Consolidated Income Statement
Items	31-12-24	31-12-23	31-12-24	31-12-23
Revenue	1,216	1,581	1,101	906
Gross Profit	1,168	1,526	1,057	876
Operating Profit	2,472	2,112	8,900 (**)	7,705 (**)
Net Profit for the Period (Parent Company's
Share)	2,219	1,049	6,716 (**)	4,477 (**)
EBITDA	1,081	1,421	978	811

(*) Data excluding TAS 29 Inflation Accounting is not included in the Company's financial report dated December 31, 2024.

(**) 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.