SDT UZAY VE SAVUNMA TEKNOLOJİLERİ A.Ş.

Annual Report • Nov 10, 2025

Vision

"To become the leading privately-owned company in Türkiye within the domains of defense electronics and/or software."

Mission

"We are committed to delivering competitive and innovative technological products, along with value-added engineering solutions, to all targeted sectors in Türkiye and beyond, with a special emphasis on defense, while upholding sour brand's value."

Table of Contents

• 1. Company Overview
• 1. Capital Ownership Structure
• 1. Organizational Structure
• 1. History and Developlment of the Company's Operational Domain
• 1. Industry Focus and Market Position
• 1. Capital Structure
• 1. Privileged Shares
• 1. Board of Directors Overview
• 1. Board of Directors Committees
• 1. Human Resources
• 1. Sustainability Initiatives
• 1. Corporate Policies
• 1. Financial Overview
• 1. Key Milestones in Company Activities and Operations
• 1. Risk Management and Board of Directors Evaluation
• 1. Miscellaneous

1.Company Overview

Report Period : January 1 to September 30, 2025

Company Name : SDT SPACE AND DEFENCE TECHNOLOGIES INC.

Trade Registry No : 200761

HQ Address : Üniversiteler Mah. İhsan Doğramacı Bulvarı, No: 37, İç Kapı No:1,

Çankaya/Ankara, Türkiye

Met 2 Branch Address : Mustafa Kemal Mah. 2082 Cad., No: 54 A Çankaya/Ankara, Türkiye SDT - ASO Teknopark Branch : Ahi Evran OSB Mah. Erkunt Cad., No: 3/16 Sincan/Ankara, Türkiye

Telephone : (0312) 210 10 15 Fax : (0312) 210 11 21 Web Address : www.sdt.com.tr KEP Address : sdtuzay@hs02.kep.tr E-mail Address : info@sdt.com.tr Mersis No : 0757030831100016

2. Capital Ownership Structure

a) Capital : 58.000.000,00 TL

b) Shareholding Structure

Company's Shareholding Structure
Trade Name of the Partner/ Full Name	Share in Capital
	Amount (TL)	Share Rate (%)
Mehmet DORA	36.602.500	63,11
Other	21.397.500	36,89
Total	58.000.000,00	100,00%

Shareholding Structure of the Legal Entity Holding the Largest Share in Capital:

The table below provides details on the information and shareholding structure of shareholders who hold 5% or more of the Company's capital.

SDT SPACE AND DEFENCE TECHNOLOGIES INC.
Trade Name of the Partner/ Full Name	Share in Capital
	Amount (TL)	Share Rate (%)
Mehmet DORA	36.602.500	63,11
Hedef Portfolio Management Inc. Efor Venture Capital Investment Fund	4.060.000	7,00
Total	40.662.500	70,11

3. Organizational Structure

4. History and Development of the Company's Operational Domain

The company was founded on February 11, 2005, with the aim of delivering competitive and innovative technological products and value-added engineering services across various sectors in Türkiye and internationally, with a particular focus on the defense industry. Additionally, the company aims to develop products in specific verticals through research and development within the defense sector. On July 13, 2017, it underwent a title change and has since been operating under its current name.

SDT was initially established as a technology-oriented company and, during the early stages of its development, primarily undertook subcontracting roles in major projects. These roles encompassed both the design and production of electronic subsystems, as well as the development of value-added software solutions. In the following years, SDT achieved significant success through collaborations with leading firms in the defense industry.

In addition to the roles it has undertaken in projects, the company has also become a player in the defense industry, developing products at the system and subsystem level and offering turnkey system solutions as a prime contractor, thanks to its R&D studies, which it has conducted over time using both the Scientific and Technological Research Council of Turkey (TÜBİTAK) funds and its own resources.

SDT specializes in the following main fields of activity:

Training and Simulation Systems

• Air Combat Training Systems (ACMI)
• Fire Training Systems
• Naval Combat Training Systems

Advanced Avionic and Mechatronic Systems

Avionic Systems

• Platform Management and Control System Solutions
• Data Recording Systems (SDT DDR Family)
• Weapon Control and Interface Units
• Payload Integration and Ground Control Systems
• Secure Data Link Systems

Mechatronic Systems

• Aircraft Control Systems (Side Stick, Throttle/Accelerator Handle)
• Aircraft Arresting and Interception Systems (Fixed Hook, Mobile, and Networked UDS Types)

Advanced Image & Data Processing Software

• AI-Driven Image Processing & Data Science Solutions (GÖRGÜÇ)
• National Seismic Data Analysis & Geospatial Management Software (Orhun Bilge)

Precision Guidance Kits and Missile Subsystems

Missile Subsystems

• Video Compression and Analysis Units
• Image Conversion Units
• Fire Control Units

Guidance Kit Subsystems

• Subunits: EGI, GNNS Receiver, CRPA Antenna, Plug (Electric), Flight Computer, Cabling, Test Suite
• Other: Design and development and/or procurement, production, final assembly, and testing of guidance kit electronics

Electronic Warfare & Counter Drone Systems

Jammer Solutions

• Portable RF Jamming Unit (Backpack Type)
• Mobile RF Jamming Unit (Vehicle-Based)
• Covert RF Jamming Unit (Bag Type)

COMINT (Communications Intelligence) Systems

• Miniature COMINT Platforms
• UAV-Mounted Antenna & Switching Modules

Anti-Drone Systems

• Tactical Mobile Anti-Drone Rifle
• Hunter-Class Anti-Drone System

Production & Qualification Testing Services

• Electrical, Electronic & Mechatronic Manufacturing Services
• Environmental, EMI & EMC Qualification Testing Services

The Company's revenues are primarily generated through project-based engagements, including competitive tendering processes, custom project orders, and spot sales. Certain projects are executed in collaboration with partners via joint ventures or cooperation agreements; in such cases, revenues are recognized proportionally based on the Company's ownership stake. In addition to project revenues, the Company benefits from recurring income streams through maintenance, support services, and other repeat business activities.

Key milestones in the Company's Development

5. Industry Focus and Market Position

An overview of the sectors or markets of operation, the exporter's positioning within these sectors or markets, and the related advantages and disadvantages

a. Defense Industry Sector:

In line with the principles of a social state, governments are tasked with safeguarding national integrity and ensuring the security of their nations. In the contemporary landscape marked by rising geopolitical tensions and persistent threats of terrorism, countries are increasingly allocating resources to bolster their defense capabilities. Consequently, many nations are enhancing their defense infrastructure and undertaking efforts to modernize and restructure their technological frameworks. The defense industry encompasses the industrial landscape involved in the production of defense equipment and the provision of essential services crucial for national security.

Its primary sectors include:

• Aerospace Industry
• Military Shipbuilding Industry
• Military Automotive and Armored Vehicle Industry
• Rocket and Missile Industry
• Electronic Industry
• Military Clothing Industry

b. Global Defense Industry Overview

According to data from the Stockholm International Peace Research Institute (SIPRI), global defense expenditures saw a significant increase of 9.4% in 2024, primarily driven by the ongoing Russia-Ukraine conflict. Total defense spending reached USD 2.72 trillion, marking a notable rise in military budgets worldwide. This expenditure accounts for 2.5% of the global Gross Domestic Product (GDP), underscoring the strategic importance of defense spending in the global economy. Regionally, Europe experienced the highest increase in defense spending, with a 17% rise, followed by the Middle East with a 15% increase. Within Europe, Central and Western European nations saw a 14% growth, while Eastern Europe recorded a 24% surge, primarily due to the increasing security concerns surrounding Russia.

When analyzing the countries with the highest defense expenditures in 2024, the United States ranked first with USD 997 billion, followed by China with USD 314 billion, Russia with USD 149 billion, Germany with USD 88.5 billion, and India with USD 86.1 billion. Together, these five countries accounted for 60% of total global defense expenditures (Source: SIPRI Military Expenditure Database, April 2025).

c. Turkish Defense Industry

As reported by the Stockholm International Peace Research Institute (SIPRI), Turkey ranked 17th globally in defense spending in 2024, with an expenditure of 25 billion USD. This represents a notable rise from its 22nd position in 2023, when its defense expenditure stood at 15.8 billion USD. In 2024, the share of defense spending in Turkey's Gross Domestic Product (GDP) was recorded at 1.9%. (Source: SIPRI Military Expenditure Database, April 2025)

Source: SIPRI

According to the Central Government Budget Monthly Realization Reports published by the Strategy and Budget Directorate of the Presidency of the Republic of Turkey, expenditures on national defense and security amounted to 593 billion Turkish Lira (TL) in the January–September period of 2025. This represents a significant year-on-year increase of 58% compared to the same period in 2024, when spending totaled 375 billion TL. The proportion of defense and security expenditures within total budgetary outlays also rose, increasing from 5.40 % in the third quarter of 2024 to 6.50% in the corresponding period of 2025.

National Defense and Security Budget Expenditures (Million TL)

Source: Presidency of the Republic of Turkey, Presidency of Strategy and Budget. Central Government Budget Monthly Realizations Reports, 2022–2025.

During the third quarter of 2025, exports in the defense and aerospace industry increased by 39,27% compared to the corresponding period of the previous year, reaching a total value of 5.9 billion USD.

Defense and Aerospace Industry Exports (USD)

Source: Turkish Exporters Assembly (TIM), 2025.

Defense and Aerospace Industry Exports (USD)

Source: Turkish Exporters Assembly (TIM), 2025.

6. Capital Structure

Capital Representation Share Information:

Group	Holder/Bearer	Privilege Type	Nominal Share Value (TL)	Total (TL)	Share Ratio (%)
A	Holder	Privileged	1,00	7.500.000	12.93
B	Holder	Unprivileged	1,00	50.500.000	87.07
		TOTAL		58.000.000,00	100,00

As per Article 9 of the Company's Articles of Association, half of the Board of Directors, totaling five members, will be elected by the General Assembly from candidates proposed by the majority of Group A shareholders. If the calculated half-member is a fraction, it will be rounded down to the nearest whole number. In accordance with Article 12 of the Articles of Association, Group A shareholders are entitled to five voting rights each, while Group B shareholders hold one voting right each during General Assembly meetings.

7. Privileged Shares

The Company's capital is segmented into Group A and Group B shares, both of which are registered shares. As stipulated in Article 12, titled "General Assembly," of the Company's Articles of Association:

• Group A shares possess voting privileges, with each share valued at TL 1 granting its owner 5 votes during general assembly meetings.
• Conversely, Group B shares lack voting privileges, with each share valued at TL 1 entitling its owner to 1 vote in general assembly meetings.

Mehmet DORA exercises management control over the Company, which is derived from his shareholding and ownership of privileged Group A shares. As stipulated in Article 9 of the Company's Articles of Association, titled "Board of Directors and Its Term," at least half of the Board of Directors, which shall consist of a minimum of five members, is to be elected by the General Assembly from candidates nominated by the majority of Group A shareholders.

In cases where the total number of Board members is odd, resulting in a fractional division for the number of members to be nominated by Group A shareholders, the number of nominees shall be rounded up to the next whole number. Furthermore, in accordance with Article 12, titled "General Assembly," of the Company's Articles of Association, each Group A share grants its holder five votes at General Assembly meetings. Group B shares, by contrast, do not carry any special privileges.

8. Board of Directors Overview

The Company's management and representation in dealings with third parties are vested in the Board of Directors. The Board, composed of at least 5 members in compliance with Turkish Commercial Code and Capital Markets Law, oversees the Company's affairs and administration. Directors serve a maximum term of 3 years and may be re-elected upon the expiration of their term. The General Assembly retains the authority to change Board members if necessary.

To ensure accountability and impartiality, the General Assembly elects a sufficient number of independent directors in line with the principles of director independence outlined in the Corporate Governance Principles attached to the Capital Markets Board's Corporate Governance Communiqué No. 17.1. The selection and qualifications of independent directors adhere to the regulations of the Capital Markets Board on corporate governance.

Board members are permitted to hold positions on the boards of other companies. Meetings of the Board of Directors may be convened by the Chairman or, in their absence, by the Vice Chairman. Meeting and voting procedures are governed by the Turkish Commercial Code, requiring a majority of members for a quorum.

Decisions are made by a majority of members present, as stipulated in Article 390 of the Turkish Commercial Code, including when the board convenes electronically.

Members of the Company's governing body are prohibited from engaging in transactions with the Company or participating in activities that compete with its interests.

From January 1, 2025, to September 30, 2025, the Company's Board of Directors held 14 meetings, during which 25 resolutions were adopted. The attendance rate for these meetings was 86%.

Full Name	Position	Last (5) Years	Current Term /	Share of Capital
		Assignments	Remaining	(TL)	(%)
			Term*
Mehmet DORA	Chairman of the	Chairman of the Board of	Until 28.04.2027	36.602.500	63.11
	Board of Directors	Directors
Mustafa Fatih	Vice-Chairman of	Vice-Chairman of the	Until 28.04.2027	1.347.500	2.32
ÜNAL	the Board of	Board of Directors,
	Directors	General Manager
Beril DORA	Board Member	Board Member	Until 28.04.2027	0	0,00
Mehmet Veysel	Independent	Independent Board	Until 28.04.2027	0	0,00
YAYAN	Board Member	Member
Necip Yalçın	Independent	Independent Board	Until 28.04.2027	0	0,00
PEHLİVANTÜRK	Board Member	Member

^(*) The board members were elected during the Ordinary General Assembly Meeting held on April 28, 2025.

ROLES OF THE MEMBERS OF THE BOARD OF DIRECTORS APART FROM THE
Full Name	Company	PARTNERSHIP Role	Continuity of Service	Capital Amount (TL)	Capital Share (TL)	Capital Share (%)
	Dormak İthalat İhracat Mümessillik ve Danışmanlık Ticaret A.Ş.	Chairman of the Board of Directors, Shareholder	Continues	27.000.000	27.000.000	100
	Dorsan Uzay ve Havacılık Savunma Sanayi Taahhüt ve Ticaret Ltd. Şti.	Manager, Shareholder	Continues	150.000	72.000	48
	Dorsav Teknik Lojistik ve Ticaret A.Ş.	Chairman of the Board of Directors, Shareholder	Continues	50.000	24.000	48
Mehmet DORA	Mehmet DORA Gerçek Kişi İşletmesi	Business Owner	Continues	10.000	10.000	100
	Cey Savunma ve Simülasyon Sistemleri Sanayi ve Ticaret A.Ş.	Chairman of the Board of Directors	Continues	11.670.000	-	-
	Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	Chairman of the Board of Directors	Continues	1.250.000	250.000	20
	Dortek Teknoloji Lojistik Ve Ticaret Anonim Şirketi	Chairman of the Board of Directors	Continues	500.000	240.000	48
	BKM Bursa Kalıp Merkezi Metal Form Makine Sanayi Ve Ticaret Anonim Şirketi	Chairman of the Board of Directors	Continues	600.000	-	-
Mustafa Fatih ÜNAL	Cey Savunma ve Simülasyon Sistemleri Sanayi ve Ticaret A.Ş.	Vice President of the Board of Directors	Continues	11.670.000	-	-
Necip Yalçın PEHLİVANTÜRK	-	-	-	-	-	-
	FNSS Savunma Sistemleri A.Ş.	Board Member	Continues	528.000.000	-	-
Mehmet Veysel YAYAN	İMSAD İnşaat Malzemesi Sanayicileri Derneği	Board Member	Continues	-	-	-
	Türkiye Çelik Üreticileri Derneği	Secretary General	Continues	-	-	-

PARTNERSHIP
Full Name	Company	Role	Continuity of Service	Capital Amount (TL)	Capital Share (TL)	Capital Share (%)
	Dorsav Teknik Lojistik ve Ticaret A.Ş.	Shareholder	Continues	50.000	6.000	12
	Cey Savunma ve Simülasyon Sistemleri Sanayi ve Ticaret A.Ş.	Board Member	Continues	11.670.000	-	-
Beril DORA	Dormak İthalat İhracat Mümessillik ve Danışmanlık Ticaret A.Ş.	Board Member	Continues	27.000.000	-	-
	Dortek Teknoloji Lojistik ve Ticaret Anonim Şirketi	Shareholder	Continues	500.000	60.000	12
	BKM Bursa Kalıp Merkezi Metal Form Makine Sanayi Ve Ticaret Anonim Şirketi	Vice President of the Board of Directors	Continues	600.000	-	-

9. Board of Directors Committees

To ensure the effective fulfillment of its duties and responsibilities, and in accordance with Article 4.5 of the Capital Markets Board's Corporate Governance Communiqué No. II-17.1, the Board of Directors has resolved to establish the "Audit Committee," the "Early Detection of Risk Committee," and the "Corporate Governance Committee," with clearly defined roles and responsibilities. Furthermore, the Board has decided not to establish separate "Nomination" and "Remuneration" Committees; instead, the responsibilities of these functions will be carried out by the "Corporate Governance Committee."

a. Audit Committee

The Audit Committee is responsible for supervising the Company's accounting procedures, the public disclosure of financial information, independent audits, and the efficiency of the Company's internal control and internal audit system. The Company has established an Audit Committee to fulfill these duties.

AUDIT COMMITTEE
Full Name Position Share in Capital
		TL	%
Mehmet Veysel YAYAN	President	-	-
Necip Yalçın PEHLİVANTÜRK	Member	-	-

b. Early Risk Detection Committee

The Early Detection of Risk Committee is tasked with identifying potential risks (threats and opportunities) that could threaten the Company's existence, growth, and continuity. It is responsible for implementing measures to mitigate and manage these risks, as well as reviewing the Company's risk management systems at least annually. Furthermore, corporate opportunities are regularly assessed and evaluated by this committee. The Company has established an Early Detection of Risk Committee to fulfill these responsibilities.

EARLY RISK DETECTION COMMITTEE
Full Name	Position	Share in Capital
		TL	%
Necip Yalçın PEHLİVANTÜRK	President	-	-
Beril DORA	Member	-	-

c. Corporate Governance Committee

The Corporate Governance Committee is responsible for assessing the application of corporate governance principles within the company. In cases where these principles are not fully adhered to, the committee identifies the reasons behind such deviations and any conflicts of interest that may arise as a result. It provides recommendations to the board of directors aimed at enhancing corporate governance practices. Additionally, the committee oversees the activities of the investor relations department. A Corporate Governance Committee has been established to fulfill these duties.

CORPORATE GOVERNANCE COMMITTEE
Full Name	Position Share in Capital
		TL	%
Mehmet Veysel YAYAN	President	-	-
Mustafa Fatih ÜNAL	Member	1.347.500	2.32
(*) Kadir Engin Solmaz	Member	-	-

^* He assumed office on December 27, 2024.

10. Human Resources

As of the end of September 2025, SDT's average number of personnel is 270. 30% of this personnel are female and 70% are male.

Category	Female	Male
	(%)	(%)
Board of Directors	20%	80%
Company Personnel	29%	71%
Candidate Engineers	44%	56%

Company in General	30%	70%

71% of the company personnel working at SDT are white collar and 29% are blue collar.

Among the SDT employees, the distribution based on job roles is as follows: 34% engineers, 26% technicians, 16% managers, 14% administrative staff, 6% program management, 3% laborers, and 1% office managers.

70% of the company personnel working at SDT have at least a bachelor's degree.

11. Sustainability Initiatives

Our Company published its 2024 TSRS-Compliant Sustainability Report, prepared in accordance with the Turkish Sustainability Reporting Standards (TSRS) in accordance with the regulations of the Public Oversight, Accounting and Auditing Standards Authority of the Republic of Turkey, and subject to a limited assurance audit by Any Partners Independent Auditing Inc., on the Public Disclosure Platform on October 31, 2025.

This report, covering the period from January 1, 2024, to December 31, 2024, has been prepared voluntarily in accordance with TSRS 1 and TSRS 2 standards and systematically and holistically presents the Company's sustainability approach. This sustainability report, published for the first time, is based on the fundamental principles set forth in TSRS 1: General Provisions Regarding Disclosure of Sustainability-Related Financial Information and TSRS 2: Climate-Related Disclosures.

12. Corporate Policies

a. Information Policy

In accordance with the company disclosure policy, the company adheres to the principle of providing necessary information, excluding insider information, to all shareholders and stakeholders. This is done within the framework of principles such as equality, accuracy, impartiality, consistency, comprehensibility, accessibility at the lowest possible cost, and timely manner. Methods and tools used for disclosure in relations with stakeholders include Material Event Disclosures, Public Disclosure of Financial Reports, Annual Reports of the Board of Directors, and the Company Website.

b.Methods for Ensuring Information Confidentiality

The Company establishes a List of Individuals with Access to Inside Information and notifies the relevant authority of this list and any changes to it. Additionally, it periodically informs those concerned about the application of Silent Periods and Prohibited Periods.

c. Dividend Distribution Policy

The purpose of SDT A.Ş.'s Dividend Distribution Policy is to define the principles for profit distribution in accordance with the Turkish Commercial Code, the CMB's "Communiqué on Dividends" (Serial II No: 19.1, published in the Official Gazette on 23.01.2014, No. 28891), and other applicable legal regulations. In distributing dividends, the Company adheres to a balanced and consistent approach that considers both shareholder interests and the Company's objectives in accordance with Corporate Governance Principles.

The Board of Directors presents its proposal on dividend distribution, including its form and content, along with a dividend distribution table, which is publicly disclosed in accordance with the Capital Markets Board's regulations on the disclosure of material events.

d.Remuneration Policy

The objective of the Remuneration Policy is to establish principles for determining the compensation of the Company's Board Members and senior executives in accordance with the CMB's "Corporate Governance Communiqué," Serial: IV No: 17.1, which came into effect upon publication in the Official Gazette dated 01.03.2014, and numbered 28871. The remuneration principles for Board Members and senior executives, given the absence of a separate Remuneration Committee, are documented by the Corporate Governance Committee. These principles consider the Company's long-term objectives and are then presented to the Board of Directors for approval. The approved remuneration principles are separately disclosed to shareholders during General Assembly meetings, providing them with an opportunity to express their views on the matter.

e.Information Security Policy

Given the critical nature of the defense sector in which SDT primarily operates, ensuring information security is paramount. With a keen awareness of this sensitivity, the company is dedicated to guaranteeing the confidentiality, integrity, and accessibility of information assets belonging to itself and its internal and external stakeholders in all organizational activities. This commitment is upheld through the implementation and maintenance of an Information Security Management System (ISMS) established within the framework of the TS ISO/IEC 27001 standard.

To achieve this, the company:

• Abides by its legal, regulatory, and contractual obligations concerning information security.
• Implements and sustains a risk management methodology to identify, evaluate, and control risks associated with information assets.
• Develops suitable business continuity plans and systems to ensure the continuity of business activities with minimal interruption. These plans are implemented, tested, and continuously enhanced.
• Conducts regular training and awareness-raising activities to enhance information security awareness among stakeholders.
• Constantly enhances the ISMS through regular audits and reviews based on objective measurements. Control targets are established to enhance information security performance.
• Ensures that appropriate measures are taken and necessary sanctions are imposed to manage and prevent the recurrence of information security violations.

f. Quality Policy and Quality Management System

SDT, as an institution committed to fulfilling the requirements of the Quality Management System, aims to:

• Meet customer needs in the most appropriate and competitive manner through its processes and applications.
• Ensure sustainable growth in both foreign and domestic markets by fostering effective and efficient teams with its employees and establishing strong collaborative relationships with other companies through its products/solutions.
• Achieve, enhance, and maintain balanced satisfaction among all stakeholders (customers, employees, shareholders, suppliers, subcontractors, business partners) and instill confidence in society through the development and production of products and services.
• Ensure that all functions within the company operate in an integrated manner with a process-oriented approach based on measurement and improvement, managing them with data.
• Increase and manage the competencies of all employees within the framework of the quality system in accordance with needs, focusing on continuous improvement and development. This is achieved by recognizing employees as integral parts of a larger whole and prioritizing internal information sharing.

g. Technology Infrastructure & Corporate Information Governance

In 2022, significant upgrades were made to the information system server and storage infrastructure as part of a comprehensive modernization initiative. By January 1, 2021, the implementation of the second phase functionalities of the Enterprise Resource Planning (ERP) application had been successfully concluded, aligning with the strategic plan's objectives to fortify the corporate infrastructure. In pursuit of bolstering corporate memory, streamlining processes through digitization, and transitioning towards a paperless office environment, the deployment and expansion of the content management system were completed. Furthermore, infrastructure investments pertaining to internet network IT services were finalized and implemented. SDT has obtained certifications for its Quality Management System in compliance with AS 9100 Rev D, TS EN ISO 9001:2015, TS EN ISO/IEC 27001:2017, AQAP 2310, and AQAP 2210 standards. Additionally, SDT's Quality Management System adheres to the requirements outlined in IEEE/EIA 12207, IEEE 1220, and MIL-STD-498 for engineering processes, and MIL-STD-973 and ANSI/EIA-649 for Configuration Management processes.

Moreover, in 2023, CMMI Ver2.0 certification efforts were successfully concluded. Following our assessments, it has been established that the company has attained Level-3 maturity in both Development (Development-DEV) and Supplier Management (Supplier Management-SPM). This achievement positions us as the third company globally and the second company in Türkiye to reach this level of maturity in these specific areas.

Furthermore, in the evaluation conducted by the Presidency of Defense Industry in 2023 as part of the Industrial Competence Evaluation and Support Program (EYDEP), the company was recognized for maintaining its competence as a category A company in the Defense Industry Capability Inventory (YETEN). The completion of Level 3 evaluation processes in both CMMI DEV and CMMI SPM further underscores the company commitment to excellence and continuous improvement.

13. Financial Status

Financial Statements and Results as of September 30,2025

	Current Period Unaudited	Prior period Audited
	30.09.2025	31.12.2024
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	359.790.825	809.713.170
Trade Receivables	619.866.165	448.885.364
- Trade receivables from related parties	16.915.114	2.495.513
- Trade receivables from third parties	602.951.051	446.389.851
Other Receivables	30.024.886	10.161.045
- Other receivables from related parties	-	-
- Other receivables from third parties	30.024.886	10.161.045
Inventories	1.728.116.518	1.532.849.153
Prepaid Expenses	51.801.431	152.854.181
Current Period Tax Related Assets	722	6.824.051
Other Current Assets	56.588.076	19.684.804
TOTAL CURRENT ASSETS	2.846.188.623	2.980.971.768
NON-CURRENT ASSETS
Other Receivables	555.583	658.834
- Other receivables from related parties	-	-
- Other receivables from third parties	555.583	658.834
Financial Investments	10.020.349	11.525.300
Investments Accounted through Equity Method	11.563.246	9.676.859
Right of Use Assets	64.017.756	34.191.825
Tangible Fixed Assets	395.802.878	205.607.178
Intangible Assets	223.568.483	101.393.017
- Goodwill	93.024.437	-
- Other Intangible Assets	130.544.046	101.393.017
Prepaid Expenses	133.402.097	127.335.814
Deferred Tax Asset	183.218.117	139.534.436
TOTAL NON-CURRENT ASSETS	1.022.148.509	629.923.263
TOTAL ASSETS	3.868.337.132	3.610.895.031

	Current Period Unaudited	Prior period Audited
	30.09.2025	31.12.2024
LIABILITIES
CURRENT LIABILITIES
Financial Borrowings	290.251.567	176.208.606
Current Installment of Long Term Financial Borrowings	138.821.614	231.503.457
Trade Payables	154.587.354	114.709.209
- Trade payables to related parties	894.494	655.679
- Trade payables to third parties	153.692.860	114.053.530
Employee Benefit Payables	69.158.152	46.614.612
Other Payables	85.053.079	20.712.737
- Other payables to related parties	9.921.913	-
- Other payables to third parties	75.131.166	20.712.737
Deferred Income	535.339.043	533.352.400
Short Term Provisions	46.759.945	48.181.964
- Provisions for employee benefits	42.110.393	43.867.200
- Other short term provisions	4.649.552	4.314.764
Derivative Instruments	17.389.104	7.690.503
TOTAL CURRENT LIABILITIES	1.337.359.858	1.178.973.488
NON-CURRENT LIABILITIES
Financial Borrowings	68.004.408	14.154.893
Deferred Income	110.533.111	76.733.601
Long Term Provisions	40.398.776	27.857.373
- Provisions for employee benefits	38.264.406	25.394.211
- Other long term provisions	2.134.370	2.463.162
TOTAL NON-CURRENT LIABILITIES	218.936.295	118.745.867
TOTAL LIABILITIES	1.556.296.153	1.297.719.355
SHAREHOLDERS' EQUITY
Parent Company's Equity	2.308.303.705	2.313.175.676
Paid-in Capital	58.000.000	58.000.000
Capital Adjustment Differences	227.476.430	227.476.430
Share Premiums/Discounts	646.782.793	646.782.793
Not to be Reclassified to Profit or Loss
Accumulated Other Comprehensive Income or Expense	2.091.952	1.117.998
Gain (Loss) on Remeasurement	2.091.952	1.117.998
- Gain on remeasurement of defined benefit plans
(Losses)	2.091.952	1.117.998
Restricted Reserves	35.508.765	35.508.765
Retained Earnings	1.333.478.584	1.331.846.820
Net Profit / Loss for the Period	4.965.181	12.442.870
Minority Interests	3.737.274	-
TOTAL SHAREHOLDERS' EQUITY	2.312.040.979	2.313.175.676
TOTAL LIABILITIES AND EQUITY	3.868.337.132	3.610.895.031

	Current		Current
	Period	Prior Period	Period	Prior Period
	Unaudited	Unaudited	Unaudited	Unaudited
	01.01	01.01	01.07	01.07
	30.09.2025	30.09.2024	30.09.2025	30.09.2024
PROFIT OR LOSS PORTION
Revenue	1.353.732.437	1.822.687.185	617.179.109	713.104.086
Cost of Sales	(844.248.704)	(1.361.478.853)	(337.375.466)	(513.589.996)
GROSS PROFIT / (LOSS)	509.483.733	461.208.332	279.803.643	199.514.090
General Administrative Expenses	(176.814.130)	(166.979.093)	(59.397.266)	(51.942.940)
Marketing Expenses	(66.484.452)	(50.881.685)	(25.867.256)	(15.283.703)
Research and Development Expenses	(15.259.811)	(20.625.970)	(6.026.211)	(4.446.563)
Other Income from Operation Activities	165.601.017	240.329.624	71.007.307	52.057.512
Other Expense from Operation Activities	(108.463.352)	(186.809.602)	(24.539.135)	(28.031.525)
PROFIT/ (LOSS) FROM OPERATING
ACTIVITIES	308.063.005	276.241.606	234.981.082	151.866.871
Income from Investing Activities	116.164.540	109.557.356	13.535.959	20.278.156
Expenses from Investing Activities	(18.638)	(1.298.517)	(18.638)	(54.725)
Share of Profit/Loss of Investments
Accounted Through Equity Method	1.882.657	7.021.989	(364.187)	1.012.318
OPERATING INCOME BEFORE
FINANCIAL INCOME/ (EXPENSE)	426.091.564	391.522.434	248.134.216	173.102.620
Financing Income	138.495.293	175.140.105	3.320.653	66.694.271
Finance Expenses (-)	(298.716.156)	(131.961.012)	(63.589.407)	(38.257.592)
Monetary Gain / (Loss), net	(291.603.427)	(436.804.309)	(72.896.933)	(97.929.662)
PROFIT/ (LOSS) BEFORE TAX FROM
CONTINUING OPERATIONS	(25.732.726)	(2.102.782)	114.968.529	103.609.637
Tax Income / (Expense) from Continuing
Operations	30.324.175	70.944.770	(43.357.025)	(15.080.981)
Current Period Tax (Expense) / Income	(2.581.484)	-	(404.501)	-
Deferred Tax (Expense) / Income	32.905.659	70.944.770	(42.952.524)	(15.080.981)
PROFIT / (LOSS) FOR THE PERIOD	4.591.449	68.841.988	71.611.504	88.528.656
Distribution of Profit / (Loss) for the
Period
Minority Interests	(373.732)	-	(373.732)	-
Parent Company Shares	4.965.181	68.841.988	71.985.236	88.528.656
Earnings / (Loss) per Share	0,09	1,19	1,24	1,53

14. Key Milestones in Company Activities and Operations

a. Company Investments in the Current Accounting Period

In line with its growing business volume, SDT acquired 30,376 m² of land through allocation in the Ankara Space and Aviation Specialized Organized Industrial Zone in 2020. The new campus, which will be built on this land with a closed area of approximately 16,000 m², will bring all of SDT's existing campuses under one roof, including offices where business partnership activities are conducted. Construction work is ongoing in this regard.

As part of the construction investment, the process is being carried out in accordance with the revised renovation permit, and the structural work (column concrete, garden walls, etc.) and prefabricated structure installation have been completed.

On the prefabricated structure side, exterior and roof panels have been selected, and the closing process has been completed. Work continues on the composite glass facade fabrication. Finishing work, as well as electrical and mechanical installations, has begun.

• b. No significant administrative sanctions or penalties have been imposed on the Company or its Board Members.
• c. No significant changes in legislation impacting company operations

d. Internal Control System and Audit activities

The Company currently does not have an internal control system in place. However, it undergoes independent audits and receives comprehensive certification services to ensure compliance with tax laws.

e. Resolving Conflicts of Interest between the Company and Service-Providing Institutions in Investment Consultancy and Rating

There is no conflict of interest between the Company and institutions that offer services such as investment consulting and ratings.

f. Mutual Associates with Ownership Exceeding 5%

	Parent Company's Equity Share in the Subsidiary		Uncontrollable Equity Capital
Subsidiary Shareholding Structure	(Direct)	(Direct+ Indirect)	Share
SDT Azerbaycan/Azerbaijan	%100.00	%100.00	-
Cey Savunma	%100.00	%100.00	-
Sirius Tasarım	%40.00	%40.00	%60.00
BKM Bursa	%95.00	%95.00	%5.00

g. Company's acquisition of own shares

No shares were acquired by the Company.

h. Explanation regarding special and public audits conducted during the Accounting Period

The Company's financial reports for the interim period of 01.01.2025 - 30.06.2025 were subjected to a limited independent audit by Ram Independent Auditing and Consulting Inc.

i.Lawsuits impacting company's financial position and operations

There are no lawsuits filed against the Company.

j. Information regarding Company's direct or indirect subsidiaries and share ratios

	Parent Company's Equity Share in the Subsidiary		Uncontrollable Equity Capital
Subsidiary Shareholding Structure	(Direct)	(Direct+ Indirect)	(Share)
SDT Azerbaycan/Azerbaijan	%100.00	%100.00	-
Cey Savunma	%100.00	%100.00	-
BKM Bursa	%95.00	%95.00	%5.00

	Parent Company's Equity Share in the Subsidiary		Uncontrollable Equity Capital
Partnership Shareholding Structure	(Direct)	(Direct+ Indirect)	(Share)
Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	%40	%40	%60

k. Legal Transactions and Measures with Controlling Company and Affiliates: If the Company is a subsidiary of a group of companies, this section includes details on legal transactions with the controlling company, any affiliated companies, directives from the controlling company benefiting itself or affiliated entities, as well as any other actions taken or avoided for the benefit of the controlling company or its affiliates during the previous activity year.

No such transactions occurred.

l. Evaluation of previous period targets and General Assembly resolutions

The company successfully achieved its targets for the period spanning from January 1 to September 30, 2025. All resolutions set forth by the General Assembly were duly fulfilled during this period.

m.Details regarding company donations and aid within the period, and expenditures on social responsibility projects

As of September 30, 2025, no donations or grants were issued during the interim accounting period.

n. Summary of Ordinary and Extraordinary General Assembly Meetings Held During the Period

The Company convened its Ordinary General Assembly Meeting for the year 2024 on April 28, 2025.

o. Corporate Social Responsibility (CSR) Activities

Support is being provided for the social responsibility project carried out in the Gebze Ultra Trail run in May 2025, with the aim of providing financial losses regarding social inequality and contributing to the university education of young girls in financial need.

p. Dividend Distribution Policy

The Company's shareholders, Mehmet DORA and Mustafa Fatih ÜNAL, have unanimously agreed and committed to voting for the distribution of a minimum of 35% of the distributable profit in cash dividends for a duration of 5 years following the commencement of the Company's shares trading on the Stock Exchange.

q. Company Activities and Major Developments

The Live Virtual Simulated Training Integrated System Serial Production Project was signed with the Presidency of Defense Industries (SSB) to address the operational training needs of the Turkish Air Force. Within the scope of the project, the production and delivery of Air Combat Maneuvering Instrument (ACMI) pods, as well as the associated ground stations and their software deployed in command centers, will enable pilots to conduct combat readiness training in a live, simulated environment. Design, development, and production activities for the project have been completed. Acceptance activities are planned to begin following factory testing.

In the last quarter of 2023, SDT initiated design and development activities for a new work package added to the ongoing Cloud-Based Satellite Ground Systems Project, which is being executed in collaboration with the Italian firm Telespazio. Factory acceptance for the project was completed in November 2024, and final acceptance activities were completed in January 2025. Maintenance, support, and maintenance services continue to be provided for 18 months until June 2026.

SDT finalized the first two phases of the Seismic Data Processing, Analysis, and Imaging Application Development Project, launched in 2021 to meet the requirements of the Turkish Petroleum Corporation (TPAO), by March 2024. Phase 3 of the project was completed in March 2025. Testing activities for Phase 4 are ongoing, and the project is targeted for completion in the last quarter of 2025.

The preliminary design phase of the "Göktürk Renewal Satellite Ground Station Development Project," signed between Turkish Aerospace Industries (TAI) and SDT, was successfully completed in the last quarter of 2023, and critical design activities for the project were completed in 2025. Within the same project, a contract change was made between TUSAŞ and SDT, and the İMECE2/3 Satellites were integrated into the ground station to be established, and the Multiple Satellite Management concept was introduced.

In accordance with the contract signed with the Italian main contractor Telespazio (TPZ), the acceptance of the Göktürk-1 Mobile Satellite Ground Station Virtualization project, which started in April 2024, was completed in June 2025. The 3-year warranty service is ongoing.

Within the scope of the Portable COMINT (Communication Intelligence) System project, an in-house R&D initiative, the development of a general-purpose mobile communication intelligence system continues. This system is designed to detect broadband communication signals and perform accurate direction finding. The system aims to function as a multi-purpose Electronic Warfare (EW) capability, offering features such as RF monitoring, broadcast direction and location tracking, and communication intelligence.

In 2024, SDT received an order from the South Korean company LIG Nex1 for the supply of a data link system. The products subject to the order, which were received within the scope of mass production of data link systems, for which prototype deliveries were previously completed, were delivered in 2025 and deliveries will be completed in 2026.

In January 2025, SDT entered into a contract with Turkish Aerospace Industries (TAI) for the provision of Passive and Active Flight Control Subsystems for integration into air platforms. Deliveries under this contract are scheduled to take place over the period from 2025 to 2027. Analysis and design activities are currently underway as part of the project.

Development activities for the air conditioning control unit of the Gökbey helicopter, contracted with a domestic customer in 2023, are ongoing. The critical design phase of the relevant project was completed in the first quarter of 2025. The project, whose production and testing processes are ongoing, is planned to be completed in 2026.

In relation to the Life Support System Development project for a domestic air platform, which was initiated in March 2022, SDT signed the contract for the second phase in March 2025. Analysis and design activities within the scope of the contract are ongoing, and product and service deliveries are planned to be realized in 2025 and 2026.

SDT will continue to deliver to customers the additional orders it has received for different VKS (Data Recording System) devices it has developed for various avionics platforms in 2025 and 2026.

In addition, SDT has received supplementary orders for the aircraft control unit being developed for a domestic client, with deliveries scheduled for 2025. Similarly, SDT has previously received additional orders for a different remote control unit developed for land vehicles, with deliveries to be made in 2025 and 2026. The production, testing, and delivery processes for the Air and Land Vehicle Remote Control Units for these orders are ongoing.

Moreover, SDT has finalized new contracts for the production of Precision Guidance Electronics, the Explorer GPS device, which is utilized in various guidance systems, multiple circuit boards for guidance electronics, as well as the control and mission computers for various weapon systems—all of which are designed and mass-produced by SDT. Deliveries for these contracts commenced in 2024 and are expected to continue through 2025, with completion anticipated in 2026.

A new order has been received for systems being designed and developed within the scope of Air Defense Missile Training simulation systems, and the relevant deliveries are planned to be made in 2025.

During the period from January 1 to September 30, 2025, SDT received new orders totaling USD 30,996,560.

BKM Bursa Kalıp A.Ş., a subsidiary of our company, received new orders worth USD 6,105,720 between the shareholding acquisition date and September 30, 2025.

r. Remuneration Provided to the Members of the Board of Directors and Senior Management for the Period January 1, 2025, to September 30, 2025

The Company's board of directors comprises 5 members, and there is no remuneration provided to these members as of the last annual accounting period. However, attendance fees are disbursed to the board members. During the period from January 1, 2025, to September 30, 2025, the total remuneration and benefits disbursed to the board of directors and senior executives amounted to TL 22.395.885 (compared to TL 17.311.530, during the same period in 2024).

s. Research and Development Activities

The Company persists in its research and development endeavors aimed at designing indigenous products in the fields of radar and electronics/warfare, utilizing SDT's internal resources. Within the scope of R&D activities, 20% of the proceeds from the IPO were used for the "R&D Road Map" studies.

t. Transactions with Related Parties

To mitigate potential conflicts of interest arising from transactions between the Company, its subsidiaries, and related parties such as controlling shareholders, board members, senior executives, as well as their spouses and relatives up to the second degree, prior approval from the general assembly is mandatory. Full disclosure of such transactions is also required during general assembly meetings.

Receivables and payables from related parties:

a) The details of due from related parties classified under short term trade receivables are as follows:

	30.09.2025	31.12.2024
Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	-	2.316.762
Dormak İth. İhr. Müm. ve Dan. Tic. A.Ş.	16.915.114	178.751
	16.915.114	2.495.513

b) The details of advances given to related parties classified under prepaid expenses are as follows:

	30.09.2025	31.12.2024
Dormak İth. İhr. Müm. ve Dan. Tic. A.Ş.	-	30.070.132
	-	30.070.132

c) The details of due to related parties classified under short-term trade payables are as follows:

	30.09.2025	31.12.2024
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	894.494	629.002
Gate-Tamgör Elektronik Sanayi Ticaret Limited Şirketi	-	26.677
	894.494	655.679

d) The details of due to related parties classified in other short-term payables are as follows:

	30.09.2025	31.12.2024
Mehmet Dora	6.260.640	-
Mustafa Fatih Ünal	230.149	-
Other Shareholders	3.431.124	-
	9.921.913	-

(*) As of September 30, 2025, payables to related parties amounting to TRY 9.920.203 consist of payables to shareholders that became due to the dividend decision taken at the general assembly of the Parent Company held on April 28, 2025. According to the related general assembly resolution, the related amount will be paid in two installments.

Sales, purchases and transactions to related parties:

a) The details of sales to related parties classified under revenue are as follows:

	01.01	01.01
	30.09.2025	30.09.2024
Dormak İth. İhr. Müm. ve Dan. Tic. A.Ş.	41.398.006	-
Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	102.792	1.731.515
Dorsan Uzay ve Hav.Sav. San.Taah.ve Tic. Ltd.Şti.	3.215.580	10.908.830
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	536.882	2.151.141
	48.468.840	14.791.486

b) The details of purchases from related parties classified under cost of sales are as follows:

	01.01 30.09.2025	01.01 30.09.2024
Dormak İth. İhr. Müm. ve Dan. Tic. A.Ş.	167.800.488	2.727.765
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	53.048.830	1.402.113
Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	26.428.633	4.520.924
Gate-Tamgör Elektronik Sanayi Ticaret Limited Şirketi	402.867	2.839.690
	247.680.818	11.490.492

c) The details of foreign exchange differences and other income obtained from related parties and classified under other income from operating activities are as follows:

	01.01	01.01
	30.09.2025	30.09.2024
Dormak İth. İhr. Müm. ve Dan. Tic. A.Ş.	33.602	833.210
Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	11.20	-
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	5.151.518	708.246
	5.196.321	1.541.456

d) The details of foreign exchange differences and other expenses arising from related parties and classified under other expenses from operating activities are as follows:

	01.01 30.09.2025	01.01 30.09.2024
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	3.271.045	-
	3.271.045	-

e) The details of other expenses from related parties classified under expenses from investing activities are as follows:

	01.01 30.09.2025	01.01 30.09.2024
Sirius Tasarım Laboratuvarı Mühendislik A.Ş.	-	530.424
	-	530.424

f) The details of purchases from related parties classified under general and administrative expenses are as follows:

	01.01 30.09.2025	01.01 30.09.2024
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	34.020	-
	34.020	-

g) The details of purchases from related parties classified under selling and marketing expenses are as follows:

	01.01 30.09.2025	01.01 30.09.2024
Tamgör Elektronik Sanayi ve Ticaret Limited Şirketi	14.538	-
	14.538	-

u. Information regarding transactions of governing body members with the company on their own or others' behalf within general assembly permission, if any, and activities prohibited by competition

None.

v.Evaluation and analysis by the management body on financial position, operational results,
achievement of planned activities, and alignment with strategic targets

None.

15. Risk Management and Board of Directors Evaluation

Details of the Company's Risk Management Policy to Address Anticipated Risks:

To manage foreign currency risk, the Company avoids taking on debt denominated in foreign

currencies, particularly on the liability side, during the current period. Additionally, it employs derivative

financial instruments to mitigate fluctuations in exchange rates. To address liquidity risk, the Company

ensures a balance between purchase and payment terms, maintaining sufficient cash flow. When

necessary, the Company also secures funding through loans to further minimize liquidity risks.

16. Miscellaneous

Significant Events Occurring After the Date of the Statement of Financial Position:

• Our Company's Board of Directors convened on 06.11.2025 and at our Company's General

Assembly meeting held on 28.04.2025, it was decided that the dividend will be paid in two equal

installments and that the Board of Directors will be authorized to finalize the distribution dates

according to our Company's cash flow and that the dates for cash profit distribution will be

determined by a board of directors decision to be taken at least fifteen days in advance and

announced by our Company through a special event disclosure to be made on the Public

Disclosure Platform; it was decided that the first installment of our Company's profit distribution

will be made on 24.11.2025 and the second installment will be made on 24.12.2025 and a special event disclosure regarding the matter was made on the Public Disclosure Platform on

07.11.2025.

Mehmet DORA Mehmet Veysel YAYAN

Chairman of the Board of Directors Independent Board Member

34

Tel: (312) 210 10 15 - Pbx Faks: (312) 210 11 21 info@sdt.com.tr sdt.com.tr

© SDT Uzay ve Savunma Teknolojileri A.Ş. Tüm Hakları Saklıdır.

Bu doküman ve içerdiği tüm bilgilerSDT'nin fikri mülkiyetidir. Bu dokümanın dağıtımı veya sunumu ile bu haklar ortadan kalkmış olmaz. SDT'nin yazılı izni olmadan bu dokümanın ve içerdiği bilgilerin üçüncü kişilere aktarımı, çoğaltımı ve dağıtımı yapılamaz. Bu doküman ve içeriği hazırlanma amacının dışında kullanılamaz.

This document and all information contained herein are the sole property of SDT. No intellectual property rights are granted by the delivery of this document or disclosure of its content. This document shall not be reproduced or disclosed to a third party without the express written consent of SDT. This document and its content shall not be used for any other purpose other than for which it is supplied.