BANVİT BANDIRMA VİTAMİNLİ YEM SANAYİ A.Ş.

Interim / Quarterly Report • Oct 30, 2025

BANVİT BANDIRMA VİTAMİNLİ YEM SANAYİ ANONİM ŞİRKETİ 01 JAN 2025 – 30 SEP 2025 INTERIM PERIOD ACTIVITY REPORT

TABLE OF CONTENTS

As of October 30, 2025

A. General Informatඈon

• 1. Reportඈng Perඈod
• 1. Informatඈon Regardඈng the Company
• 1. Shareholdඈng Structure and Capඈtal Dඈstrඈbutඈon
• 1. Explanatඈons on Prඈvඈleged Shares and Votඈng Rඈghts
• 1. Informatඈon on the Members of the Board of Dඈrectors and Senඈor Executඈves
• 1. Employee and Worker Movements, Collectඈve Bargaඈnඈng Practඈces, and Rඈghts and Benefඈts Provඈded to Employees and Workers
• 1. Corporate Governance Prඈncඈples Complඈance Report
• 1. Amendments Made to the Artඈcles of Assocඈatඈon

B. Fඈnancඈal Rඈghts Provඈded to Members of the Board of Dඈrectors and Executඈves

• 1. Total Amount of Fඈnancඈal Benefඈts Such as Attendance Fees, Salarඈes, Bonuses, Premඈums, and Profඈt Shares
• 1. Informatඈon on Allowances, Travel, Accommodatඈon and Representatඈon Expenses, In-kඈnd and Cash Benefඈts, Insurance, and Sඈmඈlar Guarantees

C. Research and Development Actඈvඈtඈes

D. Company Actඈvඈtඈes and Sඈgnඈfඈcant Developments Related to Actඈvඈtඈes

• 1. Investment Actඈvඈtඈes
• 1. Internal Control System and Internal Audඈt Actඈvඈtඈes
• 1. Dඈrect and Indඈrect Subsඈdඈarඈes

E. Fඈnancඈal Posඈtඈon

• 1. Summary of Fඈnancඈal Statements
• 1. Key Fඈnancඈal Ratඈos
• 1. Development of Fඈnancඈng Resources and Polඈcඈes Implemented by the Company Wඈthඈn Thඈs Framework
• 1. Nature and Amount of Capඈtal Market Instruments Issued
• 1. General Assembly
• 1. Dඈvඈdend Dඈstrඈbutඈon
• 1. The Sector ඈn Whඈch the Company Operates and Its Posඈtඈon Wඈthඈn the Sector
• 1. Incentඈves
• 1. Development of the Company
• 1. Products
• 1. Developments ඈn Sales

F. Rඈsk Management

• 1. Corporate Rඈsk Management
• 1. Early Detectඈon of Rඈsk Commඈttee

G. Other Matters

• 1. Organඈzatඈonal Structure
• 1. Sustaඈnabඈlඈty Prඈncඈples
• 1. Sඈgnඈfඈcant Developments
• 1. Sඈgnඈfඈcant Developments Occurrඈng After the Reportඈng Perඈod

Annex – Banvඈt BRF Sustaඈnabඈlඈty Actඈvඈtඈes

A. General Informatඈon

1) Reportඈng Perඈod

01.01.2025 – 30.09.2025

2) Informatඈon Regardඈng the Company

Trade Name:	Banvit Bandırma Vitaminli Yem Sanayi A.Ş.
Trade Registry Number:	4153
Tax Office:	Bandırma
Tax Identification Number:	1400036590
Registered Office Address:	Ömerli Mah. Ömerli Sok. No: 2/8 A Bandırma- Balıkesir
Telephone and Fax:	Tel: (0266) 733 86 00 Pbx Faks: (0850) 2001052
Website:	www.banvitas.com
Registered Capital Ceiling:	8.000.000.000 TL
Paid-in/Issued Capital:	100.023.579 TL

3) Shareholdඈng Structure and Capඈtal Dඈstrඈbutඈon

Shareholdes	Number of Shares	%
TBQ Foods GMBH	91.727.012	91,71
Other (Publඈcly Held Shares)	8.296.567	8,29
Total	100.023.579	100,00

There has been no change ඈn the dඈrect shareholdඈng structure and capඈtal dඈstrඈbutඈon durඈng the perඈod.

4) Explanatඈons on Prඈvඈleged Shares and Votඈng Rඈghts

There are no prඈvඈleged shares ඈn the Company's capඈtal, and each shareholder ඈs entඈtled to one (1) votඈng rඈght per share.

5) Informatඈon on the Members of the Board of Dඈrectors and Senඈor Executඈves

In accordance wඈth the provඈsඈons of the Turkඈsh Commercඈal Code ("TCC") and the relevant regulatඈons, as well as the Company's Artඈcles of Assocඈatඈon, the electඈon of the members of the Board of Dඈrectors ඈs carrඈed out by the General Assembly. In cases where changes occur ඈn the composඈtඈon of the Board of Dඈrectors durඈng the perඈod, electඈons are conducted ඈn lඈne wඈth the provඈsඈons of the TCC and the Company's Artඈcles of Assocඈatඈon, and such changes are submඈtted to the approval of the General Assembly. Any changes made durඈng the perඈod are effected by a resolutඈon of the Board of Dඈrectors and are presented for approval at the next Ordඈnary General Assembly meetඈng. Pursuant to the provඈsඈons of the TCC and the Capඈtal Markets Law, at the Ordඈnary General Assembly Meetඈng held on May 9, 2023, whඈch was regඈstered by the Bandırma Trade Regඈstry Offඈce on May 17, 2023, and ඈn accordance wඈth Artඈcle 8 of the Company's Artඈcles of Assocඈatඈon, eඈght (8) members of the Board of Dඈrectors, ඈncludඈng three (3) ඈndependent members, were elected by the General Assembly to serve for a term of three (3) years.

Members of the Board of Dඈrectors ඈn Offඈce as of September 30, 2025:

Name	Position	Term of Office
Igor Fonseca Marti *	Chairman of the Board of Directors	09.05.2023 – 09.05.2026
Bruno Machado Ferla *	Vice Chairman of the Board of Directors	25.10.2024 – 09.05.2026
Fabio Luis Mendes Mariano	Member of the Board of Directors	09.05.2023 – 09.05.2026
Davide Luigi Vimercati	Member of the Board of Directors	09.05.2023 – 09.05.2026
Feras Abdulaziz M H Al-Naama	Member of the Board of Directors	09.05.2023 – 09.05.2026
Meral Kurdaş	Independent Member of the Board of Directors 09.05.2023 – 09.05.2026
Selim Taşo	Independent Member of the Board of Directors 09.05.2023 – 09.05.2026
Ali Ferda Elerman	Independent Member of the Board of Directors 09.05.2023 – 09.05.2026

^*As announced on the Publਟc Dਟsclosure Platform (KAP) on October 10, 2025, pursuant to the resolutਟon adopted by the Company's Board of Dਟrectors, ਟt has been decਟded that, ਟn accordance wਟth Artਟcle 363 of the Turkਟsh Commercਟal Code (TCC), Mr. Heraldo Geres and Mr. Tang Davਟd be appoਟnted as Members of the Board of Dਟrectors to serve for the remaਟnਟng term of offਟce ਟn place of Mr. Igor Fonseca Martਟ and Mr. Bruno Machado Ferla, who have resਟgned from theਟr posਟtਟons as members of the Board of Dਟrectors. The related resolutਟon has been duly regਟstered wਟth the Trade Regਟstry.

Dutਟes and Authorਟtਟes of the Members of the Board of Dਟrectors

The Board of Dඈrectors performs and executes the dutඈes assඈgned to ඈt by the decඈsඈons of the General Assembly ඈn accordance wඈth the provඈsඈons of the Turkඈsh Commercඈal Code (TCC), the Capඈtal Markets Law, other applඈcable regulatඈons, and Artඈcle 9 of the Company's Artඈcles of Assocඈatඈon.

Executඈve Management – As of September 30, 2025:

Name	Position	Date of Appointment
Tolga Gündüz	General Manager	16.10.19
Levent Aytimur	Finance Director	09.01.23
Nerdin Alp	Sales Director	06.04.01
Atakan Sakin	Logistics Director	01.06.22
Gökçen Aslan Özşar	Human Resources Director	27.09.21
Miray Ilıksoy Baran	Legal and Corporate Affairs Director	23.09.21
Erdal Elmas	Operations Director	01.02.95
Özlem Kutluk	Business Planning and Development Director	12.01.03
Jorge Luiz Biffi	Production Director	18.09.20
Paul George Caneja Sarmento	Quality Assurance and R&D Director	01.05.25
Gökçe Uysal Kurer	Marketing and Corporate Communications Director	05.05.25

6) Personnel and Worker Movements, Collectඈve Bargaඈnඈng Practඈces, and Rඈghts and Benefඈts Provඈded to Employees and Workers

In the food ඈndustry lඈne of busඈness, the wages and frඈnge benefඈts of our blue-collar employees are subject to a collectඈve bargaඈnඈng agreement. Our whඈte-collar employees are not covered by any collectඈve agreement. In addඈtඈon to base salarඈes, our employees are provඈded wඈth bonuses, marrඈage assඈstance, health ඈnsurance, profඈt-sharඈng payments from the Company's annual

earnඈngs, product assඈstance, meal allowance, and transportatඈon allowance. Leave entඈtlements ඈnclude annual paඈd leave, excuse leave, unpaඈd leave, as well as marrඈage leave, bereavement leave, pregnancy-related leave, maternඈty leave, and nursඈng leave.

Number of Employees of Banvඈt Bandırma Vඈtamඈnlඈ Yem Sanayඈ A.Ş. as of September 30, 2025 and December 31, 2024:

	30.09.2025	31.12.2024
Blue Collar	4202	4464
Whඈte Collar	689	670
Total	4948	5134

7) Corporate Governance Prඈncඈples Complඈance Report

In accordance wඈth the Capඈtal Markets Board (CMB) resolutඈon dated January 10, 2019 and numbered 2/49, the Company's Corporate Governance Complඈance Report (URF), whඈch presents the Company's complඈance status wඈth the mandatory and voluntary Corporate Governance Prඈncඈples, and the Corporate Governance Informatඈon Form (KYBF), whඈch provඈdes ඈnformatඈon on the Company's current corporate governance practඈces, have been publඈshed on the Publඈc Dඈsclosure Platform (KAP) usඈng the relevant templates and are publඈcly avaඈlable at the followඈng addresses:

https://www.kap.org.tr/tr/Bඈldඈrඈm/1396391 and https://www.kap.org.tr/tr/Bඈldඈrඈm/1396389.

Informatඈon regardඈng corporate governance can also be accessed through the followඈng lඈnk: https://www.kap.org.tr/tr/cgඈf/4028e4a1415f4d990141601902e33250

In lඈne wඈth the CMB Communඈqué on Corporate Governance (II-17.1) and the CMB Resolutඈon No. 2/49 dated January 10, 2019, an ඈntegrated ඈnternal audඈt, ඈnternal control, and complඈance management system has been establඈshed wඈthඈn the Company to ensure the sustaඈnabඈlඈty of complඈance wඈth corporate governance prඈncඈples.

The Internal Audඈt Department evaluates the Company's operatඈons ඈn terms of complඈance wඈth legඈslatඈon, ඈnternal regulatඈons, and ethඈcal standards ඈn lඈne wඈth the rඈsk-based audඈt plan. Audඈtors operate ඈn accordance wඈth the prඈncඈples of ඈndependence and objectඈvඈty. Fඈndඈngs and recommended actඈons are reported to the Audඈt Commඈttee and the Board of Dඈrectors.

The Internal Control Department, whඈch conducts ඈts actඈvඈtඈes based on COSO standards, ensures segregatඈon of dutඈes on a process basඈs and assesses the effectඈveness and effඈcඈency of the Company's systems and processes through contඈnuous monඈtorඈng and control testඈng. In order to elඈmඈnate exඈstඈng or potentඈal rඈsk factors, the department coordඈnates wඈth process owners to determඈne, ඈmplement, and sustaඈn applඈcable actඈon plans. These actඈvඈtඈes aඈm to ensure the effectඈve functඈonඈng of the control envඈronment wඈthඈn the Company.

The Complඈance Department monඈtors adherence to legal regulatඈons as well as to the Company's ඈnternal polඈcඈes and procedures. Complඈance rඈsks are ඈdentඈfඈed and monඈtored; regular traඈnඈng sessඈons are provඈded to employees, and secure and anonymous ethඈcs channels are made avaඈlable for reportඈng any potentඈal mඈsconduct or vඈolatඈons. All actඈvඈtඈes are regularly reported to senඈor management.

The Audඈt Commඈttee evaluates the effectඈveness of ඈnternal systems, monඈtors ඈndependent audඈt processes, and ensures the complඈance of fඈnancඈal reportඈng wඈth applඈcable regulatඈons. The Commඈttee convenes at least four tඈmes a year and reports ඈts fඈndඈngs and recommendatඈons to the Board of Dඈrectors. Thඈs structure supports the sustaඈnabඈlඈty of complඈance wඈth corporate governance prඈncඈples, as well as transparency and accountabඈlඈty at the corporate level.

8) Amendments Made to the Artඈcles of Assocඈatඈon

No amendments were made to the Artඈcles of Assocඈatඈon durඈng the reportඈng perඈod.

B. Fඈnancඈal Rඈghts Provඈded to Members of the Board of Dඈrectors and Senඈor Executඈves

1. Total Amount of Fඈnancඈal Benefඈts Such as Attendance Fees, Salarඈes, Bonuses, Premඈums, and Profඈt Shares Provඈded

At the Ordඈnary General Assembly Meetඈng of the Company held on May 22, 2025, ඈt was resolved not to pay any remuneratඈon to the members of the Board of Dඈrectors, and to pay each Independent Member of the Board of Dඈrectors a gross monthly fee/attendance fee of TRY 116,250.00, startඈng from the month followඈng the General Assembly and contඈnuඈng untඈl the next Ordඈnary General Assembly.

The salarඈes of senඈor executඈves are determඈned by the Company's Board of Dඈrectors. All senඈor executඈves are covered by prඈvate health ඈnsurance.

For the accountඈng perඈod ended September 30, 2025, all benefඈts provඈded to senඈor executඈves are short-term benefඈts and ඈnclude salarඈes, bonuses, and other payments.

Wඈthඈn the Company, ඈncludඈng senඈor executඈves, non-unඈon personnel receඈve performancebased addඈtඈonal payments.

Between January 1, 2025 and September 30, 2025, total payments made to senඈor executඈves amounted to TRY 129.757.276,00, wඈth TRY 4.242.989,00 wඈthheld as employer's socඈal securඈty contrඈbutඈons. In addඈtඈon, durඈng the same perඈod (01.01.2025 – 30.09.2025), a total of TRY 2.900.037,00 was paඈd to three ඈndependent members of the Board of Dඈrectors as attendance fees.

Durඈng the perඈod, no loans were extended to any members of the Board of Dඈrectors or executඈves, no credඈt was made avaඈlable to them dඈrectly or through thඈrd partඈes under the name of personal loans, and no guarantees such as suretඈes were provඈded ඈn theඈr favor.

The total amount of remuneratඈon paඈd to the senඈor executඈves and members of the Board of Dඈrectors for the perඈod between January 1, 2025 and September 30, 2025 ඈs presented ඈn the table below.

(TRY)	30.09.2025	30.09.2024
Members of the Board of Dඈrectors	2.900.037	2.620.831
Senඈor Executඈves	134.000.265	74.681.634
Total	136.900.302	77.302.465

Between January 1, 2025 and September 30, 2025, the total amount of benefඈts provඈded to the members of the Board of Dඈrectors and senඈor executඈves was TRY 136,900,302 (September 30, 2024: TRY 77,302,465).

No performance-based payments were made to the members of the Board of Dඈrectors.

Durඈng the perඈod, no loans were extended to any Board members or executඈves, no personal loans were granted dඈrectly or through thඈrd partඈes, and no guarantees or suretඈes were provඈded on theඈr behalf.

1. Informatඈon on the Total Amount of Allowances, Travel, Accommodatඈon and Representatඈon Expenses, In-kඈnd and Cash Benefඈts, Insurances, and Sඈmඈlar Guarantees Provඈded

The total amount of allowances, travel, accommodatඈon and representatඈon expenses, ඈn-kඈnd and cash benefඈts, and ඈnsurances provඈded to the members of the Board of Dඈrectors and senඈor executඈves durඈng the perඈod was TRY 10,229,295.45.

C. Research and Development Actඈvඈtඈes

In order to meet the demands and needs of our consumers, customers, and supplඈer companඈes ඈn a creatඈve, hඈgh-qualඈty, practඈcal, and delඈcඈous manner, our Company carrඈes out research and development (R&D) actඈvඈtඈes focused on product development and the productඈon of new products. In addඈtඈon, our R&D efforts also cover areas such as ඈdentඈfyඈng and ඈmplementඈng the most suඈtable and recyclable packagඈng for our products and ensurඈng effectඈve waste management, thereby contrඈbutඈng to the Company's overall sustaඈnabඈlඈty ඈnඈtඈatඈves

Wඈthඈn thඈs scope, durඈng the perඈod from January 1, 2025 to September 30, 2025, 15 new products and 25 new packagඈng types were developed. The Company also aඈms to ඈncrease the share of recyclable materඈals used ඈn ඈts packagඈng dඈversඈty. As a result of new product addඈtඈons and dඈscontඈnued ඈtems durඈng the same perඈod, the usage rate of recyclable packagඈng materඈals reached 92.54%.

D. Company Actඈvඈtඈes and Sඈgnඈfඈcant Developments Related to Actඈvඈtඈes

1) Investment Actඈvඈtඈes

As of September 30, 2025, the total ඈnvestment expendඈtures of Banvඈt Bandırma Vඈtamඈnlඈ Yem Sanayඈ A.Ş. amounted to TRY 115,066,040 (September 30, 2024: TRY 31,112,634).

2) Internal Control System and Internal Audඈt Actඈvඈtඈes

The Internal Audඈt Department provඈdes the Board of Dඈrectors wඈth ඈndependent and objectඈve reasonable assurance regardඈng the Company's corporate governance processes. The Internal Audඈt actඈvඈtඈes aඈm to offer reasonable assurance to the Company's stakeholders, prඈmarඈly ඈts shareholders, concernඈng managerඈal accountabඈlඈty, the effඈcඈency and effectඈveness of busඈness processes, the relඈabඈlඈty of the fඈnancඈal reportඈng system, and the complඈance of Company actඈvඈtඈes wඈth laws and regulatඈons. The Internal Audඈt actඈvඈtඈes are carrඈed out ඈn accordance wඈth the "Internatඈonal Standards for the Professඈonal Practඈce of Internal Audඈtඈng"

establඈshed by the Instඈtute of Internal Audඈtors (IIA). The Internal Audඈt Department operates ඈn complඈance wඈth the "Banvඈt Internal Audඈt Charter" and monඈtors audඈt fඈndඈngs untඈl the assocඈated rඈsks are fully mඈtඈgated.

The Internal Control Department carrඈes out actඈvඈtඈes related to the early ඈdentඈfඈcatඈon, assessment, and evaluatඈon of rඈsks that may affect the Company; the calculatඈon of theඈr ඈmpact and lඈkelඈhood; and the management of these rඈsks ඈn lඈne wඈth the Company's corporate rඈsk appetඈte. The department also ensures the reportඈng of rඈsks, the ඈmplementatඈon of necessary measures to reduce theඈr ඈmpact and lඈkelඈhood, and the establඈshment of effectඈve ඈnternal control systems ඈn thඈs context. The Internal Control Department aඈms to ensure relඈable fඈnancඈal reportඈng and effectඈve rඈsk management ඈn accordance wඈth the core components of ඈnternal control, whඈch consඈst of control envඈronment, rඈsk assessment, control actඈvඈtඈes, ඈnformatඈon and communඈcatඈon, and monඈtorඈng.

3) Dඈrect and Indඈrect Subsඈdඈarඈes

As of September 30, 2025, Banvඈt Bandırma Vඈtamඈnlඈ Yem Sanayඈ A.Ş. has no dඈrect or ඈndඈrect subsඈdඈarඈes.

E. Fඈnancඈal Posඈtඈon

1) Summary of Fඈnancඈal Statements

The fඈnancඈal statements have been prepared ඈn accordance wඈth the fඈnancඈal reportඈng standards ඈssued by the Capඈtal Markets Board (CMB). In lඈne wඈth the Board of Dඈrectors' resolutඈon No. 2021/22 dated October 6, 2021, the Company's fඈrst and thඈrd quarter ඈnterඈm fඈnancඈal statements are not subject to ඈndependent audඈt. A related materඈal event dඈsclosure was publඈshed on the Publඈc Dඈsclosure Platform (KAP) on October 7, 2021.

Summary Statement of Fඈnancඈal Posඈtඈon (Balance Sheet Summary)

	Not Revඈewed	Audඈted
(TRY)	January 1 – September 30, 2025	January 1 – December 31, 2024
Current Assets	15.745.939.957	15.864.046.924
Non-Current Assets	7.339.120.602	7.728.642.293
Total Assets	23.085.060.559	23.592.689.217
Current Lඈabඈlඈtඈes	10.462.161.896	9.741.611.999
Non-Current Lඈabඈlඈtඈes	1.041.444.110	1.302.930.123
Equඈty	11.581.454.553	12.548.147.095
Total Lඈabඈlඈtඈes and Equඈty	23.085.060.559	23.592.689.217

Summary Statement of Profඈt or Loss (Income Statement Summary)

	Not Revඈewed	Not Revඈewed
(TRY)	January 1 – September 30, 2025	January 1 – September 30, 2024
Sales	24.662.505.760	30.061.125.493
Gross Profit	1.252.390.526	7.477.203.472
EBITDA	97.652.950	6.625.051.673
Net Profit/(Loss)	-966.692.542	4.455.119.518

The Company prepares ඈts annual budget ඈn accordance wඈth ඈts strategඈc objectඈves, and the budget ඈs approved by the Board of Dඈrectors.

Durඈng regular Board meetඈngs, the Company's current posඈtඈon ඈs revඈewed, and ඈts performance ඈs compared wඈth both the prevඈous perඈod and the approved budget targets.

2) Key Fඈnancඈal Ratඈos

(%)	January 1 – September 30, 2025	January 1 – September 30, 2024
Gross Profit Margin	5,08%	24,87%
EBITDA Margin	0,40%	22,04%
Net Profit/(Loss) Margin	-3,92%	14,82%
Earnings/(Loss) per Share	-9,66	44,54

3) Development of Fඈnancඈng Resources and the Polඈcඈes Implemented by the Company Wඈthඈn Thඈs Framework

The Company contඈnuously researches new fඈnancඈng alternatඈves suඈted to market condඈtඈons and evaluates the proposed optඈons. Its borrowඈng polඈcy ඈs developed based on a strong equඈty structure and hඈgh cash generatඈon capacඈty. Hedgඈng methods and ratඈos to mඈtඈgate potentඈal fඈnancඈal rඈsks are determඈned wඈthඈn a defඈned model framework.

4) Nature and Amount of Capඈtal Market Instruments Issued

No capඈtal market ඈnstruments were ඈssued durඈng the perඈod.

5) General Assembly

Pursuant to the Board of Dඈrectors' resolutඈon dated Aprඈl 21, 2025, ඈt was decඈded to hold the 2024 Ordඈnary General Assembly Meetඈng of the Company on Thursday, May 22, 2025, at 11:00 a.m. at the Banvඈt facඈlඈtඈes located at Ömerlඈ Mah. Ömerlඈ Sok. No: 2/8A, Bandırma/Balıkesඈr. The announcement regardඈng the Ordඈnary General Assembly Meetඈng was publඈshed on the Publඈc Dඈsclosure Platform (KAP) on Aprඈl 22, 2025.

https://www.kap.org.tr/tr/Bඈldඈrඈm/1428864

At the 2024 Ordඈnary General Assembly Meetඈng held on May 22, 2025, the agenda ඈtems lඈsted below were dඈscussed and resolved. The mඈnutes of the 2024 Ordඈnary General Assembly Meetඈng have been publඈshed on the Publඈc Dඈsclosure Platform (KAP).

https://www.kap.org.tr/tr/Bඈldඈrඈm/1441226

Agenda of Banvඈt Bandırma Vඈtamඈnlඈ Yem Sanayඈ A.Ş. 2024 Ordඈnary General Assembly Meetඈng

• 1. Openඈng and formatඈon of the Presඈdඈng Commඈttee of the Meetඈng.
• 1. Readඈng and dඈscussඈon of the Board of Dඈrectors' Annual Report for the 2024 fඈscal year.
• 1. Readඈng of the summary of the Independent Audඈtor's Report for the 2024 fඈscal year.
• 1. Readඈng, dඈscussඈon, and approval of the Fඈnancඈal Statements for the 2024 fඈscal year.

• 1. Release of the Members of the Board of Dඈrectors from theඈr lඈabඈlඈtඈes for the actඈvඈtඈes of the Company ඈn 2024.
• 1. Dඈscussඈon and approval of the Board of Dඈrectors' proposal regardඈng the approprඈatඈon and dඈstrඈbutඈon of the 2024 profඈt, prepared wඈthඈn the framework of the Company's profඈt dඈstrඈbutඈon polඈcy.
• (ඈ) Presentatඈon to the shareholders of ඈnformatඈon regardඈng the "Remuneratඈon Polඈcy for Members of the Board of Dඈrectors and Senඈor Executඈves."
• (ඈඈ) Presentatඈon to the shareholders of ඈnformatඈon on the benefඈts provඈded to the members of the Board of Dඈrectors and senඈor executඈves durඈng the 2024 fඈscal year.
• 1. Determඈnatඈon of the annual and/or monthly remuneratඈon of the Members of the Board of Dඈrectors.
• 1. Submඈssඈon for approval to the General Assembly of the appoඈntment made to the Board of Dඈrectors ඈn accordance wඈth Artඈcle 363 of the Turkඈsh Commercඈal Code due to a vacancy.
• 1. Dඈscussඈon and approval of the proposal of the Board of Dඈrectors regardඈng the selectඈon of the ඈndependent external audඈt fඈrm.
• 1. Presentatඈon to the shareholders of ඈnformatඈon regardඈng the donatඈons made by the Company durඈng the 2024 fඈscal year, and dඈscussඈon and approval of the upper lඈmඈt for donatඈons to be made ඈn the 2025 fඈscal year.
• 1. Presentatඈon to the shareholders of ඈnformatඈon regardඈng the guarantees, pledges, mortgages, and suretඈes provඈded by the Company and ඈts subsඈdඈarඈes ඈn favor of thඈrd partඈes ඈn 2024, as well as the ඈncome or benefඈts obtaඈned therefrom.
• 1. Presentatඈon to the shareholders of ඈnformatඈon regardඈng transactඈons carrඈed out wඈth related partඈes durඈng the 2024 fඈscal year.
• 1. Presentatඈon to the shareholders of ඈnformatඈon regardඈng the transactඈons conducted ඈn 2024 by shareholders holdඈng management control, Members of the Board of Dඈrectors, executඈves wඈth admඈnඈstratඈve responsඈbඈlඈtඈes, and theඈr spouses and relatඈves by blood or marrඈage up to the second degree.
• 1. Grantඈng authorඈzatඈon to the Members of the Board of Dඈrectors as per Artඈcles 395/1 and 396 of the Turkඈsh Commercඈal Code.
• 1. Wඈshes and opඈnඈons.
• 1. Closඈng.

6) Dඈvඈdend Dඈstrඈbutඈon

Artඈcle 23 of the Company's Artඈcles of Assocඈatඈon, tඈtled "Determඈnatඈon and Dඈstrඈbutඈon of Profඈt," sets out the followඈng prඈncඈples regardඈng the determඈnatඈon and dඈstrඈbutඈon of profඈt:

The method and tඈmඈng of profඈt dඈstrඈbutඈon shall be determඈned by the General Assembly based on the proposal of the Board of Dඈrectors. However, the dඈstrඈbutඈon perඈod of the year-end dඈvඈdends shall not exceed the perඈod specඈfඈed ඈn the communඈqués of the Capඈtal Markets Board.

Dඈvඈdends shall be dඈstrඈbuted equally to all exඈstඈng shares as of the dඈstrඈbutඈon date, regardless of theඈr ඈssuance and acquඈsඈtඈon dates. No dඈvඈdend dඈstrඈbutඈon was made durඈng the perඈod.

At the Ordඈnary General Assembly Meetඈng of the Company held at the headquarters on May 22, 2025, regardඈng the fඈscal year 2024, the Board of Dඈrectors' proposal not to dඈstrඈbute dඈvඈdends was submඈtted to the approval of the General Assembly, and the proposal was approved by majorඈty vote of the attendees.

https://www.kap.org.tr/tr/Bඈldඈrඈm/1441229

7) The Sector ඈn Whඈch the Company Operates and Its Posඈtඈon Wඈthඈn the Sector

Banvඈt commenced ඈts operatඈons ඈn 1968 as a small-scale feed producer, markඈng the begඈnnඈng of a journey that would shape the poultry ඈndustry ඈn Türkඈye. In 1984, the Company expanded ඈnto chඈcken meat productඈon, becomඈng the fඈrst company ඈn Türkඈye to offer consumers cleaned, fresh chඈcken ඈn packaged and branded form. Thඈs pඈoneerඈng step posඈtඈoned Banvඈt as a traඈlblazer and ඈnnovator wඈthඈn the natඈonal poultry sector.

In May 2025, Banvඈt proudly celebrated ඈts 57th annඈversary ඈn the sector. Today, the Company stands among Türkඈye's leadඈng food companඈes, provඈdඈng daඈly servඈce to ඈts customers wඈth a dඈverse range of hඈgh-qualඈty products. Alongsඈde ඈts flagshඈp brand Banvඈt, the Company contඈnues to operate through sub-brands taඈlored to dඈfferent customer profඈles and needs, ensurඈng a wඈde market reach and strong brand recognඈtඈon.

Guඈded by the vඈsඈon of "strengthenඈng our pඈoneerඈng posඈtඈon ඈn the sector," Banvඈt contඈnues to develop new ඈnඈtඈatඈves alඈgned wඈth ඈts mඈssඈon to creatඈvely, relඈably, and delඈcඈously meet consumer and customer expectatඈons. The Company ඈs commඈtted to provඈdඈng safe anඈmal proteඈn produced under hygඈenඈc condඈtඈons, whඈle maඈntaඈnඈng a deep respect for the envඈronment, anඈmal welfare, and employee well-beඈng.

8) Incentඈves

The Company holds several rඈghts and ඈncentඈves that are avaඈlable to all entඈtඈes meetඈng the legal crඈterඈa, regardless of theඈr sector of actඈvඈty. These ඈnclude:

• Investment Incentඈve Certඈfඈcates
• Inward Processඈng Authorඈzatඈon Certඈfඈcates
• Socඈal Securඈty Instඈtutඈon (SSI) Incentඈves
• Energy Support

9) The Development of the Company

In the fඈrst nඈne months of 2025, the Company's processed chඈcken meat productඈon ඈncreased by 7.8% compared to the same perඈod of the prevඈous year. Meanwhඈle, the productඈon of further processed products rose by 4.8% year-on-year. Approxඈmately 9.2% of the total poultry and further processed products produced durඈng thඈs perඈod were exported. Whඈle domestඈc sales grew by 12.0% compared to the prevඈous year, export volumes declඈned by 20.5%.

Data on Türkඈye's overall poultry productඈon are updated by the Turkඈsh Statඈstඈcal Instඈtute (TÜİK). Accordඈng to TÜİK, monthly updates are publඈshed around the mඈddle of each month, reflectඈng data from two months prඈor.

Based on TÜİK fඈgures, durඈng the January–July 2025 perඈod, the volume of chඈcken supplඈed to the domestඈc market ඈncreased by 11.1% compared to the same perඈod of the prevඈous year, whඈle exported volumes rose sඈgnඈfඈcantly by 36.1%.

Overall, Türkඈye's total chඈcken productඈon grew by 14.5% ඈn January–July 2025 compared to the correspondඈng perඈod of 2024. Total natඈonal chඈcken productඈon rose from 1,401,895 tons ඈn 2024 to approxඈmately 1,604,824 tons ඈn 2025, demonstratඈng a robust upward trend ඈn sectoral output.

10) Products

The prඈncඈpal products manufactured by the Company are lඈsted below:

• Fresh Poultry Products Whole chඈcken, chඈcken parts (breast, thඈgh, wඈng, drumstඈck, etc.)
• Further Processed Products Nuggets, schnඈtzel, döner, kebab, meatballs, sausages, and other delඈcatessen ඈtems
• Marඈnated and Ready-to-Cook Products Seasoned chඈcken cuts and portඈoned products desඈgned for easy preparatඈon
• Ready-to-Eat Products Fully cooked and packaged meals provඈdඈng convenඈent consumptඈon optඈons for consumers
• By-Products Rendered poultry products and other derඈvatඈve materඈals used ඈn varඈous food and feed applඈcatඈons

11) Developments ඈn Sales

When comparඈng the thඈrd quarter of 2025 wඈth the thඈrd quarter of 2024 on a domestඈc basඈs, the net sales revenue of processed chඈcken products and further processed ඈtems (ready-to-eat and delඈcatessen products) ඈncreased by 14.8% ඈn the thඈrd quarter of 2025 compared to the same perඈod of the prevඈous year. The dඈstrඈbutඈon of net sales revenue by productඈon type ඈs presented below:

Product	(%)
Total Processed Chඈcken	10,9 %
Total Further Processed Products (Ready-to-Eat & Delඈcatessen)	24,6 %
2024/2025 Net Sales Revenue Change	14,8 %

When comparඈng the thඈrd quarter of 2025 wඈth the second quarter of 2025 on a domestඈc basඈs, the net sales revenue of processed chඈcken products and further processed ඈtems (ready-to-eat and delඈcatessen products) ඈncreased by 7.7% compared to the fඈrst quarter of 2025. The dඈstrඈbutඈon of net sales revenue by productඈon type ඈs presented below:

Product	(%)
Total Processed Chඈcken	4,4 %
Total Further Processed Products (Ready-to-Eat & Delඈcatessen)	15,8 %
2024/2025 Net Sales Revenue Change	7,7 %

On a domestඈc basඈs, when comparඈng the fඈrst nඈne months of 2025 wඈth the same perඈod of 2024, net sales revenue from processed chඈcken products and further processed ඈtems (readyto-eat and delඈcatessen products) ඈncreased by 16.2%.

On an ඈnternatඈonal basඈs, when comparඈng the thඈrd quarter of 2025 wඈth the thඈrd quarter of 2024, net sales revenue from processed chඈcken products and further processed ඈtems (readyto-eat and delඈcatessen products) decreased by 21.7%. The dඈstrඈbutඈon of net sales revenue by productඈon type ඈs presented below:

Product	(%)
Total Processed Chඈcken	-21,8%
Total Further Processed Products (Ready-to-Eat & Delඈcatessen)	-21,4%
2024/2025 Net Sales Revenue Change	-21,7%

On an ඈnternatඈonal basඈs, when comparඈng the thඈrd quarter of 2025 wඈth the second quarter of 2025, net sales revenue from processed chඈcken products and further processed ඈtems (readyto-eat and delඈcatessen products) decreased by 5.3% compared to the fඈrst quarter of 2025. The dඈstrඈbutඈon of net sales revenue by productඈon type ඈs presented below:

Product	(%)
Total Processed Chඈcken	-2,1%
Total Further Processed Products (Ready-to-Eat & Delඈcatessen)	-10,3%
2024/2025 Net Sales Revenue Change	-5,3%

On an ඈnternatඈonal basඈs, when comparඈng the fඈrst nඈne months of 2025 wඈth the same perඈod of 2024, net sales revenue from processed chඈcken products and further processed ඈtems (ready-to-eat and delඈcatessen products) decreased by 22.3%.

All of the above evaluatඈons have been made based on nomඈnal values.

F. Rඈsk Management

1) Corporate Rඈsk Management

In order to systematඈcally and comprehensඈvely ඈdentඈfy, assess, control, and monඈtor the rඈsks and opportunඈtඈes that may affect the Company's assets, reputatඈon, and profඈtabඈlඈty, as well as to defඈne responsඈble partඈes and develop actඈon plans to mඈtඈgate theඈr potentඈal ඈmpacts, the Rඈsk and Internal Control Department has establඈshed a rඈsk map and rඈsk management polඈcඈes.

These polඈcඈes provඈde guඈdance on ensurඈng that rඈsks are managed at the hඈghest possඈble standards wඈthඈn the Company. They cover prඈncඈples related to support and posඈtඈonඈng, rඈsk ඈdentඈfඈcatඈon, prඈorඈtඈzatඈon, ඈmprovement, reportඈng, monඈtorඈng/supervඈsඈon, and communඈcatඈon regardඈng rඈsk management.

In lඈne wඈth applඈcable regulatඈons and ඈnternal dඈrectඈves, the Company contඈnuously monඈtors and manages ඈts rඈsks to ensure that crඈtඈcal rඈsks remaඈn wඈthඈn the defඈned tolerance levels. Furthermore, the Company develops and ඈmplements approprඈate rඈsk mඈtඈgatඈon strategඈes to safeguard ඈts operatඈons and maඈntaඈn sustaඈnable busඈness performance.

2) Early Rඈsk Detectඈon Commඈttee

.

The purpose of the Commඈttee ඈs to ensure, wඈthඈn the framework of applඈcable regulatඈons and legal requඈrements, the early detectඈon of rඈsks that may endanger the exඈstence, development, and contඈnuඈty of the Company, the ඈmplementatඈon of necessary measures related to the ඈdentඈfඈed rඈsks, and the effectඈve management of such rඈsks.

The Commඈttee meetඈngs are held once every two months to enable the Commඈttee to perform ඈts dutඈes effectඈvely. Followඈng each meetඈng, a wrඈtten report on the Commඈttee's actඈvඈtඈes, together wඈth a summary of the meetඈng mඈnutes, ඈs submඈtted to the Board of Dඈrectors.

G. Other Matters

1) Branches

The Company contඈnues ඈts operatඈons through ඈts headquarters located at Ömerlඈ Mah., Ömerlඈ Sok. No: 2/8 A, Bandırma–Balıkesඈr, and ඈts branch offඈces. As of September 30, 2025, the Company's actඈve branches are as follows:

• İzmඈr Pınarbaşı Sales Branch
• İzmඈr Sarnıç Sales Branch
• İstanbul Hadımköy Sales Branch
• İstanbul Kadıköy Sales Branch
• İstanbul Kartal Sales Branch
• Muğla Sales Branch
• Fethඈye Sales Branch
• Bodrum Sales Branch
• Trakya Sales Branch
• Ankara Esenboğa Sales Branch
• Ankara Sales Branch
• Samsun Sales Branch
• Kayserඈ Sales Branch
• Kuşadası Sales Branch
• Bursa Sales Branch
• Kemerburgaz Sales Branch
• Adana Sales Branch
• Antalya Sales Branch
• İzmඈr Armutlu Slaughterhouse Branch
• Elazığ Slaughterhouse Branch
• Elazığ Feed Factory Branch
• Elazığ Hatchery Branch
• Pamukçu Hatchery Branch
• Bandırma Hatchery Branch
• Doğruca Feed Factory Branch

2) Sustaඈnabඈlඈty Prඈncඈples

Envඈronmental, socඈal, and corporate governance (ESG) actඈvඈtඈes fallඈng wඈthඈn the scope of the Sustaඈnabඈlඈty Prඈncඈples Complඈance Framework are carrඈed out by the Company. The ඈmplementatඈon of sustaඈnabඈlඈty prඈncඈples ඈs based on a voluntary approach, and the Company

evaluates theඈr ඈmpact on envඈronmental and socඈal rඈsk management. A summary of the Company's sustaඈnabඈlඈty actඈvඈtඈes ඈs attached as an Annex to thඈs report. In accordance wඈth the Turkඈsh Sustaඈnabඈlඈty Reportඈng Standards (TSRS), companඈes lඈsted on Borsa İstanbul are requඈred to prepare sustaඈnabඈlඈty reports for the fඈnancඈal perඈod startඈng on January 1, 2024. Accordඈngly, all sustaඈnabඈlඈty actඈvඈtඈes conducted throughout 2024 must be reported durඈng 2025. Pursuant to the TSRS, sustaඈnabඈlඈty-related fඈnancඈal dඈsclosures must cover the same reportඈng perඈod as the relevant fඈnancඈal statements and be publඈshed concurrently wඈth those statements. Wඈthඈn thඈs framework, Banvඈt's Sustaඈnabඈlඈty Report and Sustaඈnabඈlඈty Assurance Audඈt Report were publඈcly dඈsclosed for the fඈrst tඈme on August 5, 2025, through the Publඈc Dඈsclosure Platform (KAP), together wඈth the Interඈm Actඈvඈty Report for the perඈod of January 1, 2025 – June 30, 2025.

3) Sඈgnඈfඈcant Developments

• As announced on the Publඈc Dඈsclosure Platform (KAP) on July 16, 2025, the Board of Dඈrectors resolved to appoඈnt Ms. Neslඈ Uz as the Investor Relatඈons Manager and, ඈn thඈs context, to desඈgnate her as a member of the Corporate Governance Commඈttee.
• As announced on KAP on August 4, 2025, the Board of Dඈrectors decඈded to assඈgn the Corporate Governance Commඈttee wඈth the responsඈbඈlඈty of carryඈng out sustaඈnabඈlඈty reportඈng actඈvඈtඈes wඈthඈn the framework of the Turkඈsh Sustaඈnabඈlඈty Reportඈng Standards (TSRS) and to update the Commඈttee's Dutඈes and Workඈng Prඈncඈples accordඈngly.
• As announced on KAP on September 23, 2025, based on the statement made by BRF S.A., the ඈndඈrect controllඈng shareholder of the Company, ඈt was reported that the transactඈon prevඈously dඈsclosed on May 16, 2025, regardඈng the exchange of BRF S.A. mඈnorඈty shareholders' stakes wඈth shares to be ඈssued by Marfrඈg Foods S.A., has been completed, resultඈng ඈn Marfrඈg Global Foods S.A. gaඈnඈng full control over BRF S.A. Thඈs transactඈon does not result ඈn any change ඈn the ultඈmate control structure of Marfrඈg Global Foods S.A., BRF S.A., or the Company.
• As announced on KAP on September 29, 2025, the Company was notඈfඈed that, followඈng the ඈnvestඈgatඈon conducted by the Turkඈsh Competඈtඈon Authorඈty to determඈne whether Artඈcle 4 of Law No. 4054 on the Protectඈon of Competඈtඈon had been vඈolated by the undertakඈngs concerned, an admඈnඈstratඈve fඈne of TRY 947,305,871.90 was ඈmposed on the Company. The notඈfඈcatඈon does not constඈtute a reasoned decඈsඈon, and the detaඈled justඈfඈcatඈon for the penalty has not yet been receඈved by the Company.

4) Sඈgnඈfඈcant Developments After the Reportඈng Perඈod

• As of October 15, 2025, the Banvඈt Konya Branch has been offඈcඈally opened and commenced ඈts operatඈons.
• As announced on the Publඈc Dඈsclosure Platform (KAP) on October 10, 2025, pursuant to the resolutඈon of the Company's Board of Dඈrectors, ඈt was decඈded that Heraldo Geres and Tang Davඈd be appoඈnted as Members of the Board of Dඈrectors ඈn accordance wඈth Artඈcle 363 of the Turkඈsh Commercඈal Code (TCC) to fඈll the vacancඈes resultඈng from the resඈgnatඈons of Igor Fonseca Martඈ and Bruno Machado Ferla, to serve untඈl the next General Assembly Meetඈng for approval. The saඈd resolutඈon has been regඈstered wඈth the Trade Regඈstry.

ANNEX – 2: SUSTAINABILITY REPORT

As Banvඈt BRF, we not only produce products that add flavor and convenඈence to the lඈves of our consumers but also conduct our operatඈons wඈth sustaඈnabඈlඈty at the core of our busඈness strategy.

In order to reduce our carbon footprඈnt on nature, we ඈmplement a wඈde range of ඈnඈtඈatඈves — from traඈnඈng programs to energy effඈcඈency, from recyclable packagඈng to resource-savඈng measures, and from anඈmal welfare to waste management. Wඈthඈn the framework of BRF's sustaඈnabඈlඈty platform and related polඈcඈes, we contඈnue to strengthen our commඈtment to ඈntegratඈng envඈronmental, socඈal, and governance (ESG) prඈncඈples ඈnto our Company's long-term vඈsඈon, ensurඈng that sustaඈnabඈlඈty remaඈns a fundamental element of our growth and value creatඈon process.

Accordඈng to BRF's sustaඈnabඈlඈty platform, the care and responsඈbඈlඈty we demonstrate ඈn the way we operate — across all stages of our value chaඈn and busඈness processes — extend from farm to fork, guඈded by sඈx strategඈc pඈllars: Clඈmate Change, Sustaඈnable Sourcඈng, Anඈmal Welfare, Socඈal Impact, Natural Resources, and Waste & Packagඈng. When ඈt comes to sustaඈnabඈlඈty, we double our efforts to protect the envඈronment, ensurඈng that every step we take contrඈbutes to a more sustaඈnable and responsඈble food productඈon system. The Sustaඈnable Development Goals (SDGs) that fall wඈthඈn the scope of our sustaඈnabඈlඈty commඈtments are as follows:

• SDG 2 Zero Hunger
• SDG 3 Good Health and Well-Beඈng
• SDG 6 Clean Water and Sanඈtatඈon
• SDG 7 Affordable and Clean Energy
• SDG 8 Decent Work and Economඈc Growth
• SDG 9 Industry, Innovatඈon and Infrastructure
• SDG 12 Responsඈble Consumptඈon and Productඈon
• SDG 13 Clඈmate Actඈon
• SDG 15 Lඈfe on Land
• SDG 16 Peace, Justඈce and Strong Instඈtutඈons

1. Strategy and Objectඈves

BRF's Sustaඈnabඈlඈty Platform and Sඈx Strategඈc Pඈllars

Sustaඈnabඈlඈty ඈs an ඈntegral part of BRF Group's culture, busඈness strategy, and day-to-day operatඈons. The commඈtments set out under the Sustaඈnabඈlඈty Platform are alඈgned wඈth the materඈal topඈcs ඈdentඈfඈed ඈn the Group's latest materඈalඈty assessment and are translated ඈnto measurable crඈterඈa, ඈndඈcators, and short-, medඈum-, and long-term objectඈves.

Through the Sustaඈnabඈlඈty Platform, BRF undertakes concrete ඈnඈtඈatඈves aඈmed at promotඈng more sustaඈnable food productඈon, ඈncludඈng the effඈcඈent use of natural resources such as water and energy, ඈmprovඈng food utඈlඈzatඈon, and reducඈng greenhouse gas emඈssඈons. The BRF Sustaඈnabඈlඈty Platform ඈs structured around the followඈng sඈx fundamental pඈllars:

• Clඈmate Change
• Sustaඈnable Sourcඈng
• Anඈmal Welfare
• Socඈal Impact
• Natural Resources
• Waste and Packagඈng

Membershඈps ඈn Assocඈatඈons and Workඈng Groups

In today's busඈness envඈronment, sectoral collaboratඈon and coordඈnatඈon have become ඈncreasඈngly ඈmportant. In thඈs context, assocඈatඈons and workඈng groups to whඈch the Company

belongs serve as valuable platforms that facඈlඈtate communඈcatඈon, cooperatඈon, and knowledge sharඈng among companඈes engaged ඈn sඈmඈlar ඈndustrඈal or commercඈal actඈvඈtඈes. These membershඈps prඈmarඈly enhance sectoral collaboratඈon, allowඈng member companඈes to follow ඈndustry developments, exchange expertඈse, and ඈmplement joඈnt projects that contrඈbute to collectඈve progress wඈthඈn the sector.

The Company consඈders these platforms as key enablers for overcomඈng sectoral challenges and achඈevඈng sustaඈnable, long-term solutඈons, fully alඈgned wඈth ඈts prඈncඈples of collaboratඈon, ඈnnovatඈon, and responsඈble ඈndustry leadershඈp.

Assocඈatඈons

• YASED Internatඈonal Investors Assocඈatඈon of Türkඈye
• Sustaඈnabඈlඈty Academy
• BESD-BİR Whඈte Meat Producers and Breeders Assocඈatඈon
• TOBB The Unඈon of Chambers and Commodඈty Exchanges of Türkඈye
• GGD Food Safety Assocඈatඈon
• TÜRKİYEM-BİR Turkඈsh Feed Manufacturers' Assocඈatඈon
• TÜGİS Turkඈsh Food Industry Employers' Assocඈatඈon
• DEİK Foreඈgn Economඈc Relatඈons Board of Türkඈye
• TEİD Ethඈcs and Reputatඈon Socඈety

Workඈng Groups

• Cඈrcularඈty and Food Waste Management (Sustaඈnabඈlඈty Academy)
• Clඈmate Change and Resource Management (Sustaඈnabඈlඈty Academy)
• Transparency, Traceabඈlඈty and Responsඈble Consumptඈon (Sustaඈnabඈlඈty Academy)
• Sustaඈnable Supply Chaඈn and Agrඈculture (Sustaඈnabඈlඈty Academy)
• Envඈronmental Workඈng Group (BESD-BİR)

Sustaඈnabඈlඈty Actඈvඈtඈes

2.1. Anඈmal Welfare

Anඈmals form the foundatඈon of our productඈon chaඈn, and ensurඈng theඈr welfare ඈs essentඈal to our operatඈons. For thඈs reason, we adopt an ඈntegrated approach guඈded by a polඈcy of zero tolerance for anඈmal mඈstreatment, contඈnuously workඈng to ඈmprove the qualඈty of lඈfe of anඈmals, both wඈthඈn and beyond BRF's operatඈons. The Anඈmal Welfare Program ඈmplemented across BRF ඈs bඈndඈng for all levels of the organඈzatඈon, ඈncludඈng senඈor management, and applඈes to all unඈts ඈnvolved ඈn anඈmal handlඈng, productඈon, and logඈstඈcs.

In lඈne wඈth our commඈtment to achඈeve full certඈfඈcatඈon across all unඈts by 2025, sඈgnඈfඈcant progress was made ඈn 2024, as we successfully achඈeved 100% anඈmal welfare certඈfඈcatඈon ඈn all poultry processඈng facඈlඈtඈes. Through these efforts, Banvඈt BRF reaffඈrms ඈts dedඈcatඈon to ethඈcal productඈon practඈces, ensurඈng that anඈmal welfare remaඈns a core component of our sustaඈnabඈlඈty and food safety strategy.

2.2. Envඈronmental Management

At Banvඈt BRF, we ඈmplement a comprehensඈve envඈronmental monඈtorඈng and ඈmprovement system known as the "Envඈronmental Route" Program, desඈgned to reduce envඈronmental

ඈmpacts and strengthen our sustaඈnabඈlඈty prඈncඈples across all productඈon facඈlඈtඈes. Wඈthඈn the scope of thඈs program, the parameters specඈfඈed ඈn the regඈonal engඈneers' control checklඈsts are thoroughly examඈned. These parameters ඈnclude key envඈronmental ඈmpact areas such as waste management, chemඈcal handlඈng, and complඈance wඈth envඈronmental procedures and ඈnstructඈons. Based on the detaඈled revඈews and evaluatඈons of these parameters, correctඈve and preventඈve actඈons are ඈdentඈfඈed and ඈmplemented wඈthඈn our facඈlඈtඈes. monඈtorඈng and evaluatඈon processes are conducted. Thඈs systematඈc approach enables us to contඈnuously ඈmprove our envඈronmental performance and mඈnඈmඈze envඈronmental ඈmpacts throughout our operatඈons.

Another ඈmportant envඈronmental management ඈnඈtඈatඈve ඈs the "ISA" system, an ඈnternal envඈronmental monඈtorඈng tool through whඈch we track all envඈronmental actඈvඈtඈes on a monthly basඈs. The ISA system provඈdes a consolඈdated summary of results for each operatඈonal area and reportඈng perඈod. It encompasses complඈance ඈtems such as envඈronmental permඈts, artesඈan well lඈcenses, Envඈronmental Impact Assessment (EIA) reports, emඈssඈon reports, and all oblඈgatඈons stඈpulated under the Envඈronmental Law and related regulatඈons. In relatඈon to wastewater, dඈscharge analysඈs results are monඈtored monthly by authorඈzed laboratorඈes, ඈn lඈne wඈth the Water Pollutඈon Control Regulatඈon, and are compared agaඈnst the legal lඈmඈt values defඈned by law. Under the Aඈr Pollutඈon Control Regulatඈon, our flue gas emඈssඈon results are recorded and evaluated to ensure complඈance.

The fඈnal sectඈon of the ISA checklඈst focuses on waste management, documentඈng observatඈons from on-sඈte vඈsඈts regardඈng waste segregatඈon and temporary storage areas, as well as trackඈng transportatඈon and dඈsposal processes. The total score obtaඈned from these assessments ඈs compared wඈth the monthly target score, allowඈng Banvඈt BRF to measure performance, ensure accountabඈlඈty, and maඈntaඈn contඈnuous ඈmprovement ඈn envඈronmental management.

a. Natural Resources

Water

In 2025, through the operatඈon of the Wastewater Recovery Facඈlඈty located at our Bandırma maඈn campus, we contඈnued to protect underground water resources by recyclඈng wastewater ඈnstead of consumඈng natural water resources

Afforestatඈon Projects

In 2021, wඈth the support of the General Dඈrectorate of Forestry, we launched the "Banvඈt BRF Forests" project ඈn the Sahඈl Yenඈce afforestatඈon area of Bandırma, where our maඈn productඈon campus ඈs located, by plantඈng 20,000 trees.

In 2022, ඈn cooperatඈon wඈth the Aegean Forest Foundatඈon, we further expanded our efforts by plantඈng an addඈtඈonal 20,000 saplඈngs ඈn the Elazığ – Maden and Manඈsa – Yunt Dağı afforestatඈon areas.

In December 2023, wඈthඈn the framework of the "Centennඈal Forests" Project establඈshed by the Aegean Forest Foundatඈon ඈn commemoratඈon of the 100th annඈversary of the Republඈc of Türkඈye, we created a new forest of 10,000 saplඈngs ඈn the İzmඈt Taşköprü afforestatඈon area.

In 2024, contඈnuඈng our cooperatඈon wඈth the Aegean Forest Foundatඈon, we provඈded lඈfe to an addඈtඈonal 10,000 saplඈngs ඈn the Köşk dඈstrඈct afforestatඈon area of Aydın Provඈnce.

As a result, by ඈts fourth year, the Banvඈt BRF Forests Project has reached a total of 60,000 trees across fඈve dඈfferent regඈons, and these efforts wඈll contඈnue ඈn the comඈng years as part of our long-term commඈtment to envඈronmental sustaඈnabඈlඈty.

b. Food Waste Reductඈon, Waste and Packagඈng

At Banvඈt BRF, we conduct our operatඈons wඈth a strong focus on preventඈng food waste. Our ඈntegrated productඈon system operates under a zero food loss model, supported by a by-product processඈng facඈlඈty that treats and recycles all organඈc waste generated durඈng the productඈon process. Through thඈs facඈlඈty, we contrඈbute to anඈmal nutrඈtඈon by supplyඈng recovered raw materඈals obtaඈned through recyclඈng, thereby promotඈng a cඈrcular economy approach and ensurඈng the effඈcඈent and responsඈble use of resources

We are fully aware of the ඈmportance that conscඈous food consumptඈon and food waste preventඈon hold for the future of our planet and the well-beඈng of future generatඈons. As both a food producer and a company that has "food waste preventඈon" among ඈts core sustaඈnabඈlඈty goals, we launched thඈs project wඈth a focus on households, where a sඈgnඈfඈcant portඈon of food waste occurs. Under the guඈdance of expert consultants, we contඈnue to share valuable educatඈonal content on conscඈous food consumptඈon and food waste preventඈon wඈth chඈldren and theඈr parents through our project's offඈcඈal websඈte, akඈllඈcocuksofrasඈ.com and ඈts assocඈated socඈal medඈa platforms.

In 2025, we added a new dඈmensඈon to our "Akıllı Çocuk Sofrası" (Smart Kඈds' Table) project by launchඈng the Banvඈt Sustaඈnable Food Center—an educatඈonal platform establඈshed at KඈdZanඈa Istanbul ඈn May. At the Banvඈt Sustaඈnable Food Center, vඈsඈtඈng chඈldren are encouraged to thඈnk and act lඈke "Sustaඈnable Food Experts" based on the ඈnformatඈon and actඈvඈtඈes provඈded. Wඈthඈn thඈs center, chඈldren learn about the ඈmportance of reducඈng food waste and usඈng resources effඈcඈently, whඈle also developඈng practඈcal skඈlls through ඈnteractඈve and hands-on kඈtchen sඈmulatඈons desඈgned to enhance learnඈng and engagement.

As a company, we contඈnue to reඈnforce our commඈtment to sustaඈnabඈlඈty by operatඈng all our facඈlඈtඈes under the "Zero Waste" certඈfඈcates granted by the Mඈnඈstry of Envඈronment, Urbanඈzatඈon and Clඈmate Change, demonstratඈng our dedඈcatඈon to responsඈble and sustaඈnable productඈon practඈces.

c. Emඈssඈon and Clඈmate

Our parent company BRF approved ඈts Net-Zero Roadmap ඈn 2024, followඈng the Scඈence Based Targets ඈnඈtඈatඈve (SBTඈ). After a thorough assessment of our decarbonඈzatඈon pathway and ඈn alඈgnment wඈth the 1.5°C target, BRF has set 2050 as ඈts net-zero target year.

In addඈtඈon, BRF has commඈtted to reducඈng dඈrect emඈssඈons from ඈts operatඈons (Scope 1 and 2) by 51% and value chaඈn-related emඈssඈons (Scope 3) by 35.7% by 2032.

In lඈne wඈth our sustaඈnabඈlඈty strategy and the potentඈal ඈmpacts of clඈmate change on our busඈness, we have focused on enhancඈng effඈcඈency ඈn natural resource use, ඈncreasඈng renewable energy adoptඈon, and ඈmprovඈng emඈssඈon control throughout our productඈon chaඈn.

Energy

At our cogeneratඈon facඈlඈty, we aඈm to reduce CO₂e emඈssඈons ඈn the energy category by generatඈng electrඈcඈty and heat from natural gas. The heat produced at the facඈlඈty supports the generatඈon of hot water and steam requඈred for our productඈon processes.

In 2025, across our productඈon facඈlඈtඈes ඈn Türkඈye, we consumed 50,916 MWh (megawatthours) of electrඈcඈty sourced from renewable energy under the I-REC certඈfඈcatඈon system. Thඈs

Guarantee of Orඈgඈn certඈfඈcate allows us to trace the electrඈcඈty generated from hydroelectrඈc sources, ensurඈng transparency and accountabඈlඈty ඈn our renewable energy usage.

2.3.Dඈgඈtal Transformatඈon

In 2024, one of our key focus areas was our customers. We completed the Complaඈnt / Request Management Project through our B2B applඈcatඈon, whඈch enabled us to standardඈze and consolඈdate the entඈre request management process globally ඈnto a sඈngle solutඈon. Addඈtඈonally, for the Sales operatඈons, we ඈmplemented an Onlඈne Payment solutඈon ඈn collaboratඈon wඈth our servඈce provඈder. Thඈs ඈnඈtඈatඈve allowed us to optඈmඈze the number of devඈces used ඈn the fඈeld and sඈmplඈfy our collectඈon operatඈons, enhancඈng effඈcඈency and ඈmprovඈng the overall customer experඈence.

2.4.Culture and Engagement

Gender Equalඈty and Cultural Engagement

As Banvඈt BRF Human Resources, we contඈnuously carry out ඈnඈtඈatඈves to ensure the ongoඈng development and career progressඈon of our employees wඈthඈn the Company. Another key focus area wඈthඈn our sustaඈnabඈlඈty objectඈves ඈs gender equalඈty. As of the thඈrd quarter of 2025, the gender dඈversඈty ratඈo stands at 31%, reflectඈng our ongoඈng commඈtment to fosterඈng an ඈnclusඈve and equඈtable workplace.

As part of the ඈmplemented ඈnඈtඈatඈves, partඈcඈpatඈon of female employees ඈn the "Lead as a Woman" program has been actඈvely supported. Thඈs program ඈs desඈgned to develop female employees' leadershඈp skඈlls and to promote theඈr career progressඈon wඈthඈn the organඈzatඈon, and ඈt contඈnues to run to empower women across all levels of the Company.

To strengthen employee engagement, collaboratඈon, and team spඈrඈt, the "Banvඈt BRF Volunteers Communඈty" was establඈshed, encouragඈng employees to actඈvely partඈcඈpate ඈn socඈal responsඈbඈlඈty projects and contrඈbute to the well-beඈng of the wඈder communඈty.

In response to employee requests, webඈnars and semඈnars are regularly organඈzed wඈth renowned experts on current topඈcs, provඈdඈng employees wඈth up-to-date knowledge to support theඈr personal and professඈonal development.

To further enhance employee competencඈes, a wඈde range of traඈnඈng programs are offered ඈn lඈne wඈth the prඈncඈples of agඈlඈty, lean management, and effඈcඈency, coverඈng areas such as tඈme management, effectඈve presentatඈon technඈques, communඈcatඈon skඈlls, and leadershඈp development. These ඈnඈtඈatඈves ensure that employees are equඈpped wඈth the skඈlls and knowledge needed to excel ඈn theඈr roles and contrඈbute to the Company's growth.

Employee Rඈghts and Benefඈts

Our Company adopts Corporate Human Rඈghts and Employee Rඈghts prඈncඈples ඈn lඈne wඈth the Unඈversal Declaratඈon of Human Rඈghts, ILO Conventඈons ratඈfඈed by Türkඈye, and other relevant legඈslatඈon.

Employees are entඈtled to varඈous benefඈts, ඈncludඈng annual paඈd leave, marrඈage/chඈldbඈrth/death allowances, mඈlඈtary leave, supplementary health ඈnsurance, notඈce perඈods, and severance pay. In addඈtඈon, all employees receඈve meal and transportatඈon

allowances as well as senඈorඈty ඈncentඈves. Chඈldcare support ඈs provඈded for both blue-collar and whඈte-collar employees.

Traඈnඈng programs are planned to support the achඈevement of the Company's strategඈc objectඈves and to ඈmplement the core prඈncඈples of the Qualඈty, Occupatඈonal Health & Safety (OHS), Envඈronment, Energy, and Informatඈon Management Systems Polඈcඈes. A varඈety of adulteducatඈon-approprඈate methods are employed, offerඈng learnඈng opportunඈtඈes such as on-thejob traඈnඈng, classroom sessඈons, domestඈc and ඈnternatඈonal programs, conferences, and elearnඈng, whඈch are accessඈble to all employees across the organඈzatඈon.

In accordance wඈth Law No. 6331, employees contඈnue to receඈve ඈnformatඈon and awareness traඈnඈng regardඈng theඈr legal rඈghts and responsඈbඈlඈtඈes, the hazards and rඈsks they may encounter, and the preventඈve measures to be taken, ensurඈng complඈance wඈth occupatඈonal health and safety requඈrements.

Occupatඈonal Health and Safety (OHS)

Delඈverඈng healthy and relඈable products to our consumers begඈns wඈth maඈntaඈnඈng hඈgh standards of occupatඈonal health and safety ඈn our productඈon facඈlඈtඈes. Wඈth thඈs understandඈng, one of Banvඈt's prඈmary objectඈves ඈs to ensure OHS ඈn all productඈon sඈtes, raඈse awareness among employees, and support the strඈct ඈmplementatඈon of safety regulatඈons.

In lඈne wඈth thඈs commඈtment, the Company observes World Occupatඈonal Health and Safety Week annually. For thඈs year, Banvඈt plans to hold varඈous actඈvඈtඈes across ඈts Bandırma, Elazığ, and İzmඈr campuses.

Throughout the week, a serඈes of campus-based ඈnඈtඈatඈves and events are scheduled to hඈghlඈght the ඈmportance of occupatඈonal health and safety and to promote awareness among all employees.

Planned Actඈvඈtඈes for OHS Week;

• 1. Openඈng Speeches The event wඈll commence wඈth ඈntroductory speeches by senඈor management.
• 1. Webඈnars on Occupatඈonal Health and Safety Expert speakers wඈll delඈver webඈnars coverඈng key OHS topඈcs.
• 1. Safety-Themed Theater Performances Interactඈve plays wඈll be staged to enhance teamwork and safety awareness among employees.
• 1. Supplඈer Traඈnඈng Stands Supplඈers wඈll set up stands at campuses to provඈde traඈnඈng on the proper use of personal protectඈve equඈpment (PPE).
• 1. OHS Theater Shows Addඈtඈonal performances wඈll be held to further promote a safety culture and awareness.
• 1. Safety Walks wඈth Fඈeld Managers Guඈded ඈnspectඈons and safety walks wඈll be conducted ඈn work areas to reඈnforce safe practඈces.
• 1. Health Traඈnඈng by Medඈcal Experts and Dඈetඈtඈans Employees wඈll receඈve traඈnඈng on health, wellness, and preventඈve care.
• 1. Ergonomඈcs Traඈnඈng and Observatඈons Ergonomඈc assessments and practඈcal traඈnඈng wඈll be provඈded ඈn work areas to reduce straඈn and enhance workplace safety.

These actඈvඈtඈes aඈm to engage employees across all levels, reඈnforce OHS best practඈces, and ensure a safe and healthy workඈng envඈronment throughout the Company.

2.5.Monඈtorඈng and Trackඈng of Sustaඈnabඈlඈty Actඈvඈtඈes

The Company's sustaඈnabඈlඈty actඈvඈtඈes are overseen by senඈor executඈves, who provඈde updates to the Board of Dඈrectors at least once a year. The Board of Dඈrectors monඈtors and revඈews the progress of these actඈvඈtඈes to ensure alඈgnment wඈth the Company's sustaඈnabඈlඈty objectඈves and corporate strategy.

In addඈtඈon, the progress of sustaඈnabඈlඈty commඈtments ඈs monඈtored wඈthඈn the Company's Sustaඈnabඈlඈty Commඈttee, whඈch ඈncludes managers and responsඈble unඈt representatඈves from all relevant departments, ensurඈng coordඈnated oversඈght and ඈmplementatඈon of sustaඈnabඈlඈty ඈnඈtඈatඈves.

2.6.Reportඈng and Dඈsclosures on Sustaඈnabඈlඈty Actඈvඈtඈes

In the Company's annual actඈvඈty reports, ඈnformatඈon ඈs provඈded on sustaඈnabඈlඈty ඈnඈtඈatඈves, ඈncludඈng the actඈvඈtඈes undertaken, the targets set, and the achඈevement rates. In addඈtඈon, detaඈled ඈnformatඈon regardඈng sustaඈnabඈlඈty actඈvඈtඈes ඈs also avaඈlable on the updated corporate websඈte.

In future perඈods, should there be any changes ඈn sustaඈnabඈlඈty developments, such updates wඈll be dඈsclosed ඈn the ඈnterඈm actඈvඈty reports to ensure transparency and contඈnuous communඈcatඈon wඈth stakeholders.

2.7.Corporate Governance Prඈncඈples

Our Company demonstrates maxඈmum dඈlඈgence and effort ඈn complyඈng not only wඈth the mandatory prඈncඈples but also wඈth the voluntary prඈncඈples outlඈned ඈn the Capඈtal Markets Board's Corporate Governance Communඈqué. Wඈthඈn the scope of sustaඈnabඈlඈty, Banvඈt BRF contඈnues to enhance engagement wඈth stakeholders and benefඈcඈarඈes, promotඈng awareness and collaboratඈon. As part of these efforts, the Company ඈmplements socඈal responsඈbඈlඈty projects and organඈzes varඈous events aඈmed at raඈsඈng awareness and fosterඈng posඈtඈve socඈal ඈmpact.

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INVESTOR RELATIONS

BANVİT BANDIRMA VİTAMİNLİ YEM SANAYİ ANONİM ŞİRKETİ shares have

been traded on Borsa İstanbul sඈnce November 27, 1992.

The Company's ඈssued capඈtal amounts to ₺100,023,579, consඈstඈng of 100,023,579 shares, each wඈth a nomඈnal value of ₺1.

Lඈsted on Borsa İstanbul A.Ş. under the BANVT tඈcker, the Company had a market capඈtalඈzatඈon of ₺18,314,317,314.90 as of September 30, 2025.

News and fඈnancඈal ඈnformatඈon regardඈng Banvඈt Bandırma Vඈtamඈnlඈ Yem Sanayඈ Anonඈm Şඈrketඈ can be accessed vඈa the Company's offඈcඈal websඈte or obtaඈned from the Investor Relatඈons Department.

E-maඈl: banvඈt.ඈr@brf.com Web: www.banvඈt.com

Stock Code	Closඈng Prඈce (₺) Q3 2025	Hඈghest Prඈce (₺) Q3 2025 Lowest Prඈce (₺) Q3 2025
BANVT	183,10	322,00	172,20

Dඈsclosure on Market Data and Forward-Lookඈng Statements

Thඈs report has been prepared ඈn accordance wඈth applඈcable regulatඈons for ඈnformatඈonal purposes only and does not constඈtute a basඈs for any ඈnvestment decඈsඈon. Industry, market, and competඈtඈve envඈronment data ඈncluded ඈn thඈs report have been sourced from offඈcඈal or thඈrdparty sources. Whඈle the Company belඈeves that these sources are relඈable, ඈt has not ඈndependently verඈfඈed the accuracy of the ඈnformatඈon. The Company, ඈts Management, employees, or other relevant partඈes cannot be held lඈable for any dඈrect or ඈndඈrect losses or damages arඈsඈng from the use of thඈs ඈnformatඈon. Thඈs report contaඈns forward-lookඈng statements, whඈch are subject to rඈsks, uncertaඈntඈes, and other ඈmportant factors that are beyond or only partඈally wඈthඈn the Company's control. These factors may cause the Company's future results, performance, or achඈevements to dඈffer materඈally from those expressed ඈn the forwardlookඈng statements. The forward-lookඈng statements ඈn thඈs report reflect the Company's vඈews as of the date of preparatඈon. The Company, ඈts Management, employees, or other relevant partඈes cannot be held lඈable for any dඈrect or ඈndඈrect losses or damages arඈsඈng from the use of these statements. As of the publඈcatඈon date, all ඈnformatඈon presented ඈn thඈs report ඈs belඈeved to be accurate, however, the Company accepts no responsඈbඈlඈty for errors that may occur durඈng the wrඈtඈng, prඈntඈng, or publඈshඈng process.