Turk Traktor Ve Ziraat Makineleri A.s. · BIST:TTRAK
Turk Traktor Ve Ziraat Makineleri A.s — FY2025 Earnings Presentation
26 slides from Turk Traktor Ve Ziraat Makineleri A.s's earnings presentation, Feb 10, 2026
Slide 1: Full Year 2025 Financial Results
1 Full Year 2025 Financial Results 10.02.2026
Slide 2: Disclaimer
DISCLAIMER 2 Withthe CapitalMarketsBoardof Turkey’sBulletindated28.12.2023 numbered2023/81, CMB announcedthatissuers and capitalmarketinstitutionsshall preparetheirannualfinancialstatementsendingon 31.12.2023 or later,in accordancewith IAS 29 inflationaryaccountingprovisions. Accordingly,this presen
Slide 3: Agenda
AGENDA 3 Local Market Sector Dynamics Global Tractor Market Business Results Financial Results
Slide 4: Local Market Sector Dynamics
LOCAL MARKET SECTOR DYNAMICS 4 Agricultural Production Input Costs & Support Consumer StageV & Rainfall Trend Product Prices Programs Financing Transition
Slide 5: Turkish Agriculture Sector
TURKISH AGRICULTURE SECTOR 5 Turkey’s agricultural economy 7. (as of 2024) Turkey’s agricultural economy 1. (as of 2025) Share in GDP 5.0% (as of 3Q2025) Share in the total employment 14.0% (as of 3Q2025) in the World in Europe Agricultural Production 2024 - 2025 (million ton) Cumulative Rainfall 20
Slide 6: Agricultural Costs
6 AGRICULTURAL COSTS According to the Agricultural Input Price Index, in November 2025, costs increased 34.24% by compared to the same month of 2024. Agricultural Producer Price Index increased36.01% by in December 2025 compared to the same month of the previous year. Agricultural Input Cost Develop
Slide 7: Agricultural Support Programs in Turkey
AGRICULTURAL SUPPORT PROGRAMS IN TURKEY 7 Agricultural Subsidy Payments(billion TL) Agricultural Investment Supports(billion TL) 190.0 168.0 166.3 135.0 100.6 91.6 63.4 39.6 41.3 21.9 23.0 25.1 17.0 12.1 5.1 5.1 2019 2020 2021 2022 2023 2024 2025 2026 2019 2020 2021 2022 2023 2024 2025 2026 Budget B
Slide 8: Consumer Finance
8 CONSUMER FINANCE Interest Rates Ziraat Bank is in a competitive position with post-subsidy a interest rate of 21.0%. 58.8% 50.4% 49.2% 47.0% 45.0% 45.0% 45.0% 43.8% 42.0% 42.0% 58.8% 36.6% 29.4% Ziraat Bankloan usage was 18.3% in 2025. 20.4% 29.4% 18.0% 25.2% 24.6% 23.5% 22.5% 21.0% 22.5% 21.3% 22
Slide 9: Global Tractor Market and Export
GLOBAL TRACTOR MARKET AND EXPORT 9
Slide 10: Global Tractor Market
GLOBAL TRACTOR MARKET 10 Turkey is theworld’s 5th largest tractor market according to total tractor sales in 2025. Total Global Market(Thousand Unit) Most important export markets contracted 5% 2023 2024 2025 25 vs. 24 Global tractor market increased 5% in 2025 Important Export 2025 550 484 459 (5)%
Slide 11: Export
EXPORT 11 Tractor Export from Turkey(unit) TürkTraktör’s Export(unit) Source: Tarmakbir Total TürkTraktör 22% decrease 20,148 17,106 16,016 12 % decrease 16,016 15,328 12,516 12,516 11,023 11,023 2023 2024 2025 2023 2024 2025 TürkTraktör’s Share in Export TürkTraktör is an international player that
Slide 12: Business Results
BUSINESS RESULTS # GAKos TiirkTraktor CNH
Slide 13: Tractor Production in Turkey & TürkTraktör
TRACTOR PRODUCTION IN TURKEY & TÜRKTRAKTÖR 13 Tractor Production of Turkey(unit) TürkTraktör’s Production(unit) Source:Tarmakbir Total TürkTraktör 92,581 72,562 41 % decrease 51,423 51,423 43,611 42,734 43,611 25,833 25,833 2023 2024 2025 2023 2024 2025 TürkTraktör’s Share in Local Production Source
Slide 14: Turkish Tractor Market & TürkTraktör
TURKISH TRACTOR MARKET & TÜRKTRAKTÖR 14 Turkish Tractor Market(unit) Market Share of TürkTraktör Source: TURKSTAT Total TürkTraktör Source:TURKSTAT 77,899 63,546 40,498 44.4% 46.2% 34,559 29,380 38.4% 15,570 2023 2024 2025 2023 2024 2025 Market Market The Turkish tractor market contracted36% by in 2
Slide 15: Stage V Transition & TürkTraktör
STAGEV TRANSITION & TÜRKTRAKTÖR 15 Tractor Market StageV Market* Emission Levels in the Market 2025 FY 2025 FY StageV Other 90.3% 90.0% 88.5% 86.3% 82.9% 79.5% 78.4% 77.9% 76.2% 72.0% 72.0% 70.3% 53.5% 51.5% 48.5% 46.3% 9,6% 29.7% 28.0% 28.0% 7,8% 49.5% 23.8% 22.1% 21.6% 20.5% 17,1% 13.7% 11.5% 10.0
Slide 16: Tractor Sales of TürkTraktör
TRACTOR SALES OF TÜRKTRAKTÖR 16 Tractor Sales of TürkTraktör(unit) Import Local Export Locally produced tractor salesdecreased by50% in 2025. 34.984 31.222 Import tractor salesdecreasedby 44% in 2025. 16.016 15.577 12.516 11.023 In 2025,tractor exportsdecreased by12% compared to 2024 . 865 752 423 2
Slide 17: Construction Equipment
CONSTRUCTION EQUIPMENT 17 Construction Equipment Sales(unit) Local Import Total 13% decrease 811 731 705 Construction equipment sales volumes decreased13% by 424 411 400 374 compared to 2024. 307 331 2023 2024 2025 • TürkTraktör, which stepped into the construction equipment industry in 2013 as the
Slide 18: Agricultural Equipment
AGRICULTURAL EQUIPMENT 18 Combine Sales (unit) • Agricultural equipment covers a wide range of actively used products in all processes, starting with soil preparation, tillage, planting, spraying, fertilizing, and then harvesting and haulage. 392 14% decrease • In the agricultural equipment group, w
Slide 19: Advanced Technology
ADVANCED TECHNOLOGY Fleet ee Tracking ca Srcesthl el Spraying Guidance Systems Fleat & Vehicle Tracking Sufiance Sydtoms stem UirkTraktér Drone : ae Factory Fitted Auto & Manual System ™ a Guidance Systems Factory Fitted TTConnect ANNOBUIDAN ES: a TIGUIES & = yS>\ — riouws Fs Manual Guidance Connect
Slide 20: 2026 Expectations
2026 EXPECTATIONS 20 Tractor Market : 27,000 – 33,000 units Turkish Tractor Industry Volume Local Tractor Sales*:11,500 – 14,500 units Tractor Exports:11,000 – 13,500 units CAPEX: 75 – 100 million $ *Salestothedealersincludedimportedtractors.
Slide 21: Financial Results
GAkog FINANCIAL RESULTS ey Py vy TiirkTraktor CNH
Slide 22: Highlights
HIGHLIGHTS 22 Market Dynamics Market Share Stage 5 Transition • Turkish tractor market contracted by 36% • 19 years of unbroken leadership in the • The sale of Stage 3 tractors, which had yoy to 40,498 units in 2025. Turkish tractor market. been extended until the end of 2025, has officially conclud
Slide 23: Summary Financials (TL mils.)
SUMMARY FINANCIALS 23 EBITDA (TL) Profit Before Tax (TL) Net Income (TL) Revenue (TL) 2025 53,837 Million -39% YoY 4,956 Million -61% YoY 1,005 Million -90% YoY 455 Million -94% YoY 2025 2025 2025 4Q25 12,909 Million -31% YoY 9.2% Margin -5.5 pp 1.9% Margin -10.0 pp 0.8% Margin -7.7 pp 743 Million -
Slide 24: Key Performance Indicators
KEY PERFORMANCE INDICATORS 24 EBITDAMargin Average NWC / Sales 17.6% 14.7% 11.4% 9.2% -4.1% -1.3% 2024 GP Margin Operating 2025 2024 2025 Expenses CAPEX/Sales Free Cash Flow Net Financial Debt 8,744 6.7% 5.7% 4,147 (TL mils.) (TL mils.) 2,839 2,056 2024 2025 2024 2025 2024 2025
Slide 25: Summary Financials
SUMMARY FINANCIALS 25 Million TL 4Q25 4Q24 YoY % 3Q25 QoQ % 2025 2024 YoY % Revenue 12,909 18,705 (31) 11,784 10 53,837 87,658 (39) Gross Profit 1,388 2,654 (48) 1,914 (27) 7,402 16,910 (56) Operating Profit 22 1,180 (98) 758 (97) 2,081 10,421 (80) Other Inc./Exp. 298 276 8 (161) 285 57 (422) 114 Fi
Slide 26: Investor Relations Contact
INVESTOR RELATIONS CONTACT 26 Fatma CAVLİ Tuba Şenol Milli Investor Relations Team Leader Investor Relations Leader Specialist +90 312 2332502 +90 312 2332504 Fatma.Cavli@turktraktor.com.tr Tuba.SenolMilli@turktraktor.com.tr investorrelations@turktraktor.com.tr
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