TÜRK HAVA YOLLARI A.O. Kurumsal Yönetim Bilgi Formu 4 Mart 2026

In accordance with the provisions of the Turkish Commercial Code (TTK) and the Capital Markets Board's Series II, No. 14.1 Communique, and prepared in compliance with the Turkish Accounting / Turkish Financial Reporting Standards (TAS/TFRS), the audited consolidated financial statements for the accounting period 01.01.2024 - 31.12.2024 audited by PwC Independent Audit and Certified Public Accountant Financial Consultancy Inc., indicate a net period profit of TL 113,378,000,000. The Tax Procedure Law records (VUK) indicate a net period profit of TL 137,493,301,830. Due to the general legal reserve amount exceeding 20% of the paid-in capital, no first-tier reserve has been set aside from the profit obtained in 2024. Taking into account the profits from previous years and other reserves, there is a distributable profit of TL 342,120,000,000 in TMS/TFRS records and TL 626,944,291,307 in VUK records. According to the Capital Markets Legislation, the amount of dividend to be distributed must also be matched in the legal books. In other words, the lower of the dividend amount that can be distributed according to TMS/TFRS and the dividend amount that can be distributed according to VUK is determined as the dividend ceiling. In this context, the dividend ceiling that our Company can distribute for the accounting period of 01.01.2024-31.12.2024 is TL 342,120,000,000. Within the framework of CMB's Principle Decision No. 22.7 (dated 07.03.2024 and numbered 14/382), the General Assembly must be informed about the offsetting process of past year losses arising from inflation adjustments in both TMS/TFRS and VUK-based financial statements. Since the currency used in our Company?s TMS/TFRS tables is USD, inflation accounting has not been applied in these tables. No offsetting process has been carried out in the equity accounts in VUK records.In this context, to be submitted for the discussion and approval of the Company?s shareholders at the Ordinary General Assembly Meeting: It is appropriate to distribute TL 9,500,000,000 of the distributable net period profit of TL 113,378,000,000 according to the consolidated financial statements prepared in compliance with TMS/TFRS and audited by PwC Independent Audit and Certified Public Accountant Financial Consultancy Inc., to the holders of A and C group shares in two equal installments on June 16, 2025, and September 2, 2025, to set aside a second-tier reserve of TL 943,100,000 calculated over the paid dividend, and to transfer the remaining TL 102,934,900,000 to previous years' profits after the dividend and reserve allocation. The Board of Directors' proposal regarding the 2024 Profit Distribution, announced on February 28, 2025, through the Public Disclosure Platform, and the accompanying Profit Distribution Table are hereby submitted for the approval of the General Assembly.