KERVAN GIDA SANAYİ VE TİCARET A.Ş.

Earnings Release • May 21, 2024

KERVAN GIDA SANAYİ VE TİCARET A.Ş. DETAILED INCOME STATEMENT ‐ TRY

The following table has been submitted to the tax authority as an attachment to the provisional tax return for 2024 ‐ Q1 and has not been prepared in accordance with the capital market legislation.

	01.01.2024 ‐ 31.03.2024
A. GROSS SALES	1.661.770.787,02
1‐ Domestic Sales	533.758.614,95
2‐ Foreign Sales	1.118.484.068,98
3‐ Other Sales	9.528.103,09
B. SALES DISCOUNTS (‐)	100.360.215,78
1‐ Sales Returns (‐)	15.314.384,81
2‐ Sales Discounts (‐)	55.876.042,21
3‐ Other Discounts (‐)	29.169.788,76
C. NET SALES	1.561.410.571,24
D. COST OF GOODS SOLD (‐)	1.087.492.374,29
1‐ Cost of Goods Sold ‐ Products (‐)	1.058.401.116,23
2‐ Cost of Goods Sold ‐ Trade Goods (‐)	29.091.258,06
GROSS PROFIT or LOSS	473.918.196,95
E. OPERATING EXPENSES (‐)	263.227.116,95
1‐ Research and Development Expenses (‐)	4.782.432,04
2‐ Marketing, Sales and Distribution Expenses (‐)	171.665.514,97
3‐ General Administration Expenses (‐)	86.779.169,94
OPERATING PROFIT or LOSS	210.691.080,00
F. INCOME AND PROFITS FROM OTHER OPERATIONS	278.452.211,91
4‐ Commission Income	11.787.096,24
7‐ Foreign Exchange Gains	239.779.528,32
10‐ Other Operating Income and Profit	26.885.587,35
G. EXPENSES AND LOSSES FROM OTHER OPERATIONS (‐)	342.624.043,39
4‐ Foreign Exchange Losses (‐)	336.371.047,60
7‐ Other Operating Expenses and Losses(‐)	6.252.995,79
H. FINANCIAL EXPENSES (‐)	171.805.026,74
1‐ Financial Expenses ‐ Short Term (‐)	76.280.237,41
2‐ Financial Expenses ‐ Long Term (‐)	95.524.789,33
PROFITS or LOSSES FROM OPERATING ACTIVITIES	‐25.285.778,22
I. NON‐OPERATING INCOME and PROFITS	82.846,88
1‐ Previous Years Income and Profits	82.846,88
J. NON‐OPERATING EXPENSES and LOSSES (‐)	7.642.838,94
1‐ Idle Capacity Expenses and Losses (‐)	5.054.213,22
2‐ Previous Years Expenses and Losses (‐)	2.312.614,83
3‐ Other Non‐Operating Expenses and Losses (‐)	276.010,89
PROFIT or LOSS FOR THE PERIOD	‐32.845.770,28
NET PROFIT or LOSS FOR THE PERIOD	‐32.845.770,28