SASA POLYESTER SANAYİ A.Ş. Özel Durum Açıklaması (Genel) 24 Aralık 2025

Our Company's (SASA Polyester Sanayi A.Ş.) audited financial statements as of 30 June 2025 reflected a significant increase in short-term financial debts. This increase was primarily due to a reclassification of the project finance loan related to the PTA investment, extended by international lenders and secured by an insurance policy issued by foreign export credit agencies. Such reclassification resulted from the temporary breach of certain financial covenants set out in the relevant loan agreement.

Although the loan is inherently long-term, it was presented as a short-term liability in the half-year financial statements. Thanks to corrective measures taken by the Company and as a conclusion of the negotiations conducted with the creditors, a mutual agreement has been reached, and as of 31 December 2025, all retrospective covenant breaches related to the loan are waived by lenders.

Accordingly, in the year-end financial statements, the PTA project finance loan is expected to be reinstated at its original contractual maturity and, except for the amounts maturing within the next twelve months in line with the repayment schedule, to be classified as long-term financial liability.

In the event of any discrepancy between the Turkish and English versions of this disclosure statement, the original Turkish version shall prevail. SASA disclaims all warranties and makes no representations about the accuracy or completeness of the English translation and assumes no liability for any errors, omissions or inaccuracies that may arise from use of this translation.