GSD HOLDİNG A.Ş. Özel Durum Açıklaması (Genel) 24 Mart 2025

In today's Board of Directors Meeting of our Company,

The following decisions were taken regarding the offsetting of losses from previous years, which were reflected in the financial statements dated 31.12.2023 due to the application of inflation accounting for the first time, despite the absence of losses from previous years.

According to the Public Oversight Accounting and Auditing Standards Authority (KGK) dated 23 November 2023 and the CMB's board decision dated 28 December 2023 and numbered 81/1820 and dated 7 March 2024 and numbered 14/382, it was decided that inflation accounting would be applied by applying the provisions of "Turkish Accounting Standard 29 Financial Reporting in High Inflation Economies" (TMS 29) starting from the annual financial reports of issuers and capital market institutions subject to financial reporting regulations for the accounting periods ending as of 31.12.2023.

In this context, although there were no previous year losses in the financial statements dated 31.12.2023 prepared in accordance with TMS/TFRS, previous year losses of 2,702,176 thousand TL occurred as a result of the application of inflation accounting for the first time. Within the framework of the decision of the Board Decision Making Body of the CMB dated 07/03/2024 and numbered 14/382, it was decided that the previous years' losses of 2,702,176 thousand TL, which emerged as a result of the first adjustment made according to inflation in the TMS/TFRS tables, will be offset from the positive capital adjustment differences arising as a result of the application of inflation accounting,

In the financial statements of the Company, which are formed in the legal books and records and corrected in accordance with the provisions of the Tax Procedure Law General Communiqué (Sequence No. 555), as of 31.12.2023, the previous years' losses arising from inflation accounting will be offset from the positive capital adjustment differences arising as a result of the application of inflation accounting,

In this context, it was decided that the previous years' losses arising as a result of the first adjustment made according to inflation will be offset and the General Assembly will be informed.

We hereby inform the public of these details.

This statement was 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.