ÇATES ELEKTRİK ÜRETİM A.Ş. Özel Durum Açıklaması (Genel) 6 Mart 2025

The summary of the valuation report concerning our financial statements dated 31.12.2024 is attached. Accordingly, there has been an impairment in our tangible fixed assets compared to the previous year. This impairment is reported under the "Expenses from Investment Activities" item in the financial statements dated 31.12.2024 and has no cash impact. It is also important to note that the Company's EBITDA for 2024 is approximately 1 billion TL (991 million TL), and the related impairment does not affect the company's operating profit and EBITDA figures.

In the past, similar valuation changes were accounted for directly within equity and were not associated with the income statement. With the implementation of inflation accounting, the necessity arose to reflect the valuation decreases in tangible fixed assets directly into the income statement, as the previously formed "Tangible Fixed Asset Revaluation Increase Fund" was reclassified into prior year profits in accordance with the "Inflation Accounting Implementation Guide" published by the Public Oversight Accounting and Auditing Standards Authority.

For the information of the public.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.