MEDİTERA TIBBİ MALZEME SANAYİ VE TİCARET A.Ş.

Earnings Release • Nov 6, 2025

MEDİTERA

TIBBİ MALZEME SANAYİ VE TİCARET A.Ş.

2025 – 9M FINANCIAL RESULTS

Meditera Tıbbi Malzeme Sanayi ve Ticaret A.Ş. ("Meditera" or the "Company") announced its 2025 first nine months results today.

Meditera registered TL 1,998 M revenues and TL 222 M EBITDA in the first nine months of 2025. Due to the negative impact of the inflationary environment on costs, EBITDA margin stood at 11% (9M 2024: 20%).

The Share of Export in Sales Revenues

Details on Company's financial and operational data data are provided below.

TL M	9M 2025	9M 2024	% Δ
Revenues	1,998	1,960	2%
Domestic Sales	739	770	(%4)
International Sales	1,259	1,190	%6
Gross Profit	631	803	(21%)
EBITDA	222	393	(43%)
Net Profit	(80)	80	a.d.
Gross Profit Margin (%)	32%	41%	(9 pp)
EBITDA Margin (%)	11%	20%	(9 pp)
Net Profit Margin (%)	(4%)	4%	n.m.
TL M	9M 2025	2024	% Δ
Cash & Cash Equivalents	427	544	(22%)
Net Cash	399	486	(18%)

FINANCIAL RESULTS

All data presented in the financial results part have been adjusted for inflation in accordance with TAS 29 "Financial Reporting in Hyperinflationary Economies".

The Company's sales revenues increased 2% in the first nine months of 2025 compared to the first nine months of 2024. The share of the export revenues in total revenues was 63% in the first nine months of 2025 (9M 2024: 61%).

In the first nine months of 2025, EBITDA declined by 43% year on year to TL 222 M. As mentioned above, the main reason for the decline in EBITDA is the impact of inflationary pressure on costs. Despite these adverse conditions, our company has carefully managed its cost policy, maintained a double-digit profit margin, and recorded an EBITDA margin of 11% in the first nine months of 2025.

Our company has completed a new factory investment within the production campus in Tire, featuring a covered area of 13,140 m². The installation of machinery and equipment has also been completed, making the facility ready for production. Through this new investment, our clean room area has been expanded to 10,000 m² and increased our capacity. Additionally, our R&D center size has been increased to 793 m².

Production, including our new products, has initiated, and the facility is expected to gradually reach full capacity within three years under the optimistic scenario, and within five years under the pessimistic scenario. As mentioned in our previous announcements, due to the due to the lengthy licensing and certification processes in the healthcare sector, the contribution of these products to sales revenue started gradually in the first half of 2025. These new products, intended for use in anesthesia, intensive care, and home care, are expected to expand our product portfolio. Necessary announcements will be made once the certification process of the final products is completed.

In addition, our "Roof Solar Power Plant (SPP)" investments at our production facility located in the Tire Organized Industrial Zone have currently reached an electricity generation capacity of 2,389.80 kWP over a total area of 10,330 m². More than 30% of our company's total energy requirements will be met through renewable energy sources.

Our company maintained its net cash position as of 30.09.2025 and recorded a net cash balance of TL 399 M, primarily driven by cash generated from its operations.

Our company's application to the Capital Markets Board (SPK) to increase its registered capital ceiling from 135,000,000 TL to 1,000,000,000 TL was approved by CMB in February 2025. Following the receipt of the required approval from the Ministry of Trade, it was approved by our shareholders at the General Assembly meeting held on April 3, 2025. It was registered on the same date by the Tire Trade Registry Office. In addition, the distribution of a total gross cash dividend of TRY 30,000,000, corresponding to 25% of the Company's paid-in capital, from the Company's 2024 distributable net profit was approved at the 2024 Ordinary General Assembly meeting. The dividend will be paid in three installments. The first installment was paid on July 30, 2025 and the second installment was paid in cash on October 31, 2025 to shareholders.

We strive to become a steadily growing company that shares the value it creates with its investors and distributes dividends on a regular basis.

For further information

Meditera Investor Relations

Tel: +90 232 237 59 49

E-mail: yatirimci@meditera.com.tr

ABOUT MEDİTERA

The first establishment of our company was founded in 1983 by Atilla Sevinçli, who is a pharmacits, in Izmir in 1983 and took its place among the leading medical equipment companies in the sector in the 90s.

Meditera is specialized in the production of anesthesia and intensive care breathing circuits, installation, operation and project design of oncology medicine preparation and implementation systems, distributorship, production and technical service of infusion pumps and sets as well as biocidal product production.

In addition, S & Mohr, 20% subsidiary of the Company established as a joint venture with Internacional Farmacéutica S.A. de C.V. (IFSA), manufactures surgical sutures in its facilities in Turkey and S&Mohr America, 60% subsidiary of the Company, manufactures respiratory circuits and accessories in its facilities in Mexico.

On the back of its high quality approach, our company produces for wellknown global brands and exports to more than 100 customers in more than 80 countries under the Altech brand.

As of September 30, 2025, Meditera registered TL 1,998 M sales revenues and TL 3,518 M assets. The company's shares have been traded on Borsa Istanbul under the ticker "MEDTR" since July 2021. For more information, please contact https://www.meditera.com.tr/ or contact the Investor Relations Department.