2026 3 Month Financial Statements

(CONVENIENCE TRANSLATION OF FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

ARÇELİK ANONİM ŞİRKETİ

NOTE 1 - GROUP'S ORGANISATION AND NATURE OF OPERATIONS 8

NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 11

NOTE 3 - SEGMENT REPORTING 19

NOTE 4 - CASH AND CASH EQUIVALENTS 20

NOTE 5 - FINANCIAL INVESTMENTS 20

NOTE 6 - BORROWINGS 21

NOTE 7 - DERIVATIVE INSTRUMENTS 26

NOTE 8 - TRADE RECEIVABLES AND PAYABLES 27

NOTE 9 - OTHER PAYABLES 28

NOTE 10 - INVENTORIES 28

NOTE 11 - INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD 28

NOTE 12 - PROPERTY, PLANT AND EQUIPMENT 29

NOTE 13 - OTHER INTANGIBLE ASSETS 30

NOTE 14 - ASSET HELD FOR SALE 30

NOTE 15 - COMMITMENTS, CONTINGENT ASSETS AND LIABILITIES 31

NOTE 16 - OTHER PROVISIONS 32

NOTE 17 - PREPAID EXPENSES 32

NOTE 18 - CURRENT INCOME TAX ASSETS 32

NOTE 19 - EMPLOYEE BENEFIT OBLIGATIONS 33

NOTE 20 - OTHER ASSETS AND LIABILITIES 33

NOTE 21 - EQUITY 34

NOTE 22 - OTHER INCOME AND EXPENSES FROM OPERATING ACTIVITIES 36

NOTE 23 - INCOME AND EXPENSES FROM INVESTMENT ACTIVITIES 37

NOTE 24 - FINANCIAL INCOME 37

NOTE 25 - FINANCIAL EXPENSES 37

NOTE 26 - EXPLANATIONS REGARDING NET MONETARY POSITION GAINS/(LOSES) 38

NOTE 27 - TAX ASSETS AND LIABILITIES 39

NOTE 28 - EARNINGS PER SHARE 41

NOTE 29 - RELATED PARTY DISCLOSURES 42

NOTE 30 - FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT 44

NOTE 31 - FINANCIAL INSTRUMENTS 53

NOTE 32 - SUPPLEMENTARY CASH FLOW INFORMATION 55

NOTE 33 - EVENTS AFTER BALANCE SHEET DATE 55

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") unless otherwise indicated.)

Unaudited Audited

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") in terms of purchasing power of the TRY at 31 March 2026

unless otherwise indicated.)

Unaudited Audited

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") in terms of purchasing power of the TRY at 31 March 2026 unless otherwise indicated.)

not to be reclassified to profit or loss

Gains/ (losses) on revaluation and remeasurement

-Gain/loss arising from defined

benefit plans (7,946,167) (8,049,189)

Gains/ (losses) on investments in equity

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") in terms of purchasing power of the TRY at 31 March 2026 unless otherwise indicated.)

Unaudited

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") in terms of purchasing power of the TRY at 31 March 2026 unless otherwise indicated.)

Unaudited

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") in terms of purchasing power of the TRY at 31 March 2026 unless otherwise indicated.)

Other comprehensive income not to be reclassified under profit and

Other comprehensive income to be reclassified under profit and

loss loss Retained earnings

The accompanying notes form an integral part of these condensed interim consolidated financial statements

6

Sensitivity: Internal / Non-Personal Data

(CONVENIENCE TRANSLATION INTO ENGLISH OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH)

(Amounts expressed in thousands of Turkish Lira ("TRY") in terms of purchasing power of the TRY at 31 March 2026 unless otherwise indicated.)

Unaudited Notes 2026 2025

Cash flows from operating activities:

Net income: (2,214,344) (2,553,942)

Adjustments to reconcile net cash provided from operating activities to net income after taxes

The accompanying notes form an integral part of these condensed interim consolidated financial statements.

Arçelik Anonim Şirketi ("Arçelik" or "the Company") and its subsidiaries (collectively, "the Group") undertake all commercial and industrial activities in respect of the production, sales and marketing, customer services after sales, exportation and importation of consumer durable goods and consumer electronics. The Group operates thirty-eight manufacturing plants in Turkey, Romania, Russia, China, Republic of South Africa, Poland, Slovakia, Italy, Thailand, India, Pakistan, Bangladesh and Egypt. The Company is controlled by Koç Holding A.Ş., the parent company, Koç Family and the companies owned by Koç Family (Note 21).The Company's head office is located at: Karaağaç Caddesi No: 2-6 Sütlüce 34445 Beyoğlu Istanbul / Turkey.

The Company is registered to the Capital Markets Board ("CMB"), and its shares have been quoted on the Borsa Istanbul ("BIST") since 1986. As of March 31, 2026, the publicly listed shares are 17.86% of the total shares (December 31, 2025: 17.86%) (Includes treasury shares of 2,90% as of March 31, 2026, and as of

December 31, 2025).

The average number of personnel employed by categories in the Group is 11,682 monthly paid (1 January -31 March 2025: 13,442) and 34,062 hourly paid (1 January - 31 March 2025: 39,959) totaling to 45,744

(1 January - 31 March 2025: 53,401).

Subsidiaries and branches

Continuing operations as of balance sheet date:

Country of

incorporation Core business Nature of business

Arcelik Hitachi Home Appliances B.V. (Arçelik Hitachi) Netherlands Investment Holding Arcelik Hitachi Home Appliances IBC Co. Ltd. Thailand Service Service Arcelik Hitachi Home Appliances Sales (Hong Kong) Limited Hong Kong, China Sales Consumer Durables Arcelik Hitachi Home Appliances Sales (Malaysia) Sdn. Bhd. Malaysia Sales Consumer Durables Arcelik Hitachi Home Appliances Sales (Middle East) Fze United Arab Emirates Sales Consumer Durables Arcelik Hitachi Home Appliances (Shanghai) Co., Ltd. China Production/Sales Consumer Durables Arcelik Hitachi Home Appliances Sales (Singapore) Pte. Ltd Singapore Sales Consumer Durables Arcelik Hitachi Home Appliances Sales (Thailand) Ltd. Thailand Sales Consumer Durables Arcelik Hitachi Home Appliances (Thailand) Ltd. Thailand Production/Sales Consumer Durables Arcelik Hitachi Home Appliances Sales (Vietnam) Co., Ltd. Vietnam Sales Consumer Durables Arcelik Hitachi Taiwan Home Appliances Sales Ltd. Taiwan Sales Consumer Durables

Arch R&D Co. Ltd. ("Arch R&D") China R&D Developing technology and design

Arctic Foundation ("Arctic Foundation") Romania Foundation Foundation

Arcwaste Collection SRL ("Arcwaste") (*) Romania Service Service

Arçelik Pazarlama A.Ş. ("Pazarlama A.Ş.") Turkey Service/Sales/Marketing Consumer Durables/Electronics Bauknecht AG ("Bauknecht") Switzerland Sales Consumer Durables Bauknecht Hausgeräte Gmbh ("Bauknecht Hausgeräte") Germany Sales Consumer Durables Beko A and NZ Pty Ltd. ("Beko Australia") Australia Sales Consumer Durables Beko A and NZ Pty Ltd. New Zealand Branch ("Beko New Zealand") (*) New Zealand Sales Consumer Durables Beko AE LLC (Beko AE) United Arab Emirates Sales Consumer Durables Beko Algeria EURL ("Beko Algeria") Algeria Sales Consumer Durables

Beko APAC IBC Co. ("Beko APAC") Thailand Service Service Beko Appliances Malaysia Sdn. Bhd. ("Beko Malaysia") Malaysia Sales Consumer Durables Beko Austria AG ("Beko Austria") Austria Sales Consumer Durables/Electronics Beko Azerbaycan MMC ("Beko Azerbaycan") Azerbaijan Sales Consumer Durables

Beko B.V. ("Beko B.V.") Netherlands Investment Holding Beko Balkans D.O.O ("Beko Balkans") Serbia Sales Consumer Durables/Electronics Beko Bangladesh B.V ("Beko Bangladesh") Netherlands Investment Holding

Beko Belgium N.V. ("Beko Belgium") Belgium Sales Consumer Durables

Beko Canada INC ("Beko Canada") Canada Sales Consumer Durables Beko Central Asia LLC ("Beko Central Asia") Kazakhstan Sales Consumer Durables Beko Croatia d.o.o ("Beko Croatia") Croatia Sales Consumer Durables Beko Egypt Home Appliances Industries LLC ("Beko Egypt LLC") Egypt Production/Sales Consumer Durables/Electronics Beko Egypt Trading LLC ("Beko Egypt") Egypt Sales Consumer Durables

Beko Electrical Appliances Co. Ltd. ("Beko China") China Sales Consumer Durables

Beko Europe Austria GmbH (Beko Europe Austria") Austria Sales Consumer Durables

Beko Europe B.V. ("Beko Europe") Netherlands Investment Holding

Beko Europe Bulgaria EOOD ("Beko Bulgaria") Bulgaria Sales Consumer Durables Beko Europe Denmark A/S ("Beko Europe Denmark") Denmark Service Service Beko Europe Estonia OÜ ("Beko Estonia") Estonia Sales Consumer Durables

Beko Europe Iberia, S.A. ("Beko Iberia") Portugal Sales Consumer Durables

Beko Europe Latvia SIA ("Beko Latvia") Latvia Sales Consumer Durables Beko Europe Lithuania UAB ("Beko Lithuania") Lithuanian Sales Consumer Durables Beko Europe Management SRL ("Beko Europe Management") Italy Sales Consumer Durables Beko Europe R&D SRL ("Beko R&D") Italy R&D Developing technology and design

Beko France S.A.S. ("Beko France") France Sales Consumer Durables/Electronics

Beko Germany GmbH ("Beko Germany") Germany Sales Consumer Durables/Electronics

Beko Gulf FZE ("Beko Gulf") United Arab Emirates Sales Consumer Durables/Electronics

Country of

Subsidiaries and branches (continued) incorporation Core business Nature of business

Continuing operations as of balance sheet date: (continued)

(*) Branches of the Subsidiary, which operate in a different country, are separately presented.

Country of

(*) Within the scope of the material event disclosure made on the Public Disclosure Platform ("KAP") on March 13, 2026, regarding the transfer of the entire share capital of Koç Finansman A.Ş., in which the Group is a shareholder, to Ford Otomotiv Sanayi A.Ş., a Share Purchase Agreement has been executed. The transaction in question will be carried out in accordance with the terms determined based on an independent valuation report, and the consideration will be collected in cash and in full on a lump-sum basis. The completion of the share transfer is subject to the receipt of the necessary approvals from the relevant authorities and the fulfillment of the closing conditions set forth in the agreement.

These consolidated financial statements as of and for period ended March 31, 2026, have been approved for issue by the Board of Directors on April 22, 2026.

The condensed consolidated financial statements of the Group have been prepared in accordance with the Turkish Financial Reporting Standards ("TFRS"), including the related interpretations, as issued by the Public Oversight Accounting and Auditing Standards Authority ("POA") and in compliance with the principles set forth in the Communiqué No. II-14.1 "Communiqué on the Principles of Financial Reporting in Capital Markets" (the "Communiqué") published in the Official Gazette dated June 13, 2013 and numbered 28676 by the Capital Markets Board of Turkey. TFRS are aligned with the International Financial Reporting Standards ("IFRS") and are updated through communiqués to ensure parallelism with amendments to IFRS.

The condensed interim consolidated financial statements have been presented in accordance with the formats specified in the "Announcement on TFRS Taxonomy" published by the POA on July 3, 2024 and the Financial Statement Examples and User Guide issued by the Capital Markets Board of Turkey.

The Group has prepared its condensed consolidated interim financial statements for the three-month period ended March 31, 2026 in accordance with TAS 34 "Interim Financial Reporting". Condensed interim consolidated financial statements do not include all the information and disclosures required for annual financial statements and should be read in conjunction with the Group's annual consolidated financial statements as of December 31, 2025.

Subsidiaries operating in foreign countries prepare their statutory financial statements in accordance with the applicable laws and regulations of the countries in which they operate. The condensed consolidated financial statements have been prepared on a historical cost basis, except for derivative financial instruments, contingent liabilities and financial investments measured at fair value.

Pursuant to the decision of the Capital Markets Board of Turkey dated December 28, 2023 and numbered 81/1820, it has been resolved that issuers and capital market institutions subject to financial reporting regulations applying Turkish Accounting/Financial Reporting Standards shall apply inflation accounting in accordance with IAS 29 "Financial Reporting in Hyperinflationary Economies", starting from their annual financial reports for the reporting periods ending as of December 31, 2023.

In this context, the Group has prepared its consolidated financial statements as of and for the interim period ended March 31, 2026 by applying IAS 29, based on the aforementioned CMB decision, the announcement made by the Public Oversight, Accounting and Auditing Standards Authority ("POA") on November 23, 2023, and the "Application Guidance on Financial Reporting in Hyperinflationary Economies" published by the POA.

In accordance with the standard, financial statements prepared in the currency of a hyperinflationary economy are presented in terms of the purchasing power of that currency at the reporting date. Comparative financial statements are also restated in terms of the current measurement unit at the end of the reporting period. Accordingly, the Group has presented its consolidated financial statements as of March 31, 2025 and December 31, 2025 in terms of the purchasing power as of March 31, 2026.

Restatements in accordance with IAS 29 have been made using the adjustment coefficients derived from the Consumer Price Index ("CPI") in Turkey published by the Turkish Statistical Institute ("TurkStat"). As of March 31, 2026, the indices and adjustment coefficients used in the restatement of the condensed interim consolidated financial statements are as follows:

(*) As of 2026, the Turkish Statistical Institute ("TurkStat") has updated the base year to 2025=100. Accordingly, index values previously reported using different reference years and scaling have been revised based on the new base year. For comparability purposes, historical data have also been adjusted to the same base year.

The main elements of the Group's adjustment process for financial reporting in hyperinflationary economies are as follows:

• Current period consolidated financial statements prepared in TRY are expressed in terms of the purchasing power at the balance sheet date, and amounts from previous reporting periods are also adjusted and expressed in terms of the purchasing power at the end of the reporting period.

• Monetary assets and liabilities are not adjusted as they are already expressed in terms of the current purchasing power at the balance sheet date. In cases where the inflation-adjusted values of non-monetary items exceed their recoverable amount or net realizable value, the provisions of IAS 36 "Impairment of Assets" and IAS 2 "Inventories" are applied, respectively.

• Non-monetary assets and liabilities and equity items that are not expressed in terms of the current purchasing power at the balance sheet date have been adjusted using the relevant adjustment coefficients.

• All items in the comprehensive income statement, except for those that have an impact on the comprehensive income statement of non-monetary items on the balance sheet, have been indexed using the coefficients calculated for the periods when the income and expense accounts were first reflected in the financial statements.

• The impact of inflation on the Group's net monetary asset position in the current period is recorded in the net monetary gain/(loss) account in the consolidated income statement (Note 26).

The accounting policies adopted in preparation of the consolidated financial statements as of March 31, 2026 are consistent with those of the previous financial year, except for the adoption of new and amended TFRS and TFRS interpretations effective as of January 1, 2026 and thereafter. The effects of these standards and interpretations on tthe Group's financial position and performance have been disclosed in the related paragraphs.

1. The new standards, amendments and interpretations which are effective as of January 1, 2026 are as follows:

   • Amendments to TFRS 9 and TFRS 7 - Classification and measurement of financial instruments The amendments did not have a significant impact on the financial position or performance of the Group.

   • Annual Improvements to TFRSs - Volume 11

     The amendments did not have a significant impact on the financial position or performance of the Group.

   • Amendments to TFRS 9 and TFRS 7 - Contracts Referencing Nature-dependent Electricity

     The amendments did not have a significant impact on the financial position or performance of the Group.

2. Standards issued but not yet effective and not early adopted

   Standards, interpretations and amendments to existing standards that are issued but not yet effective up to the date of issuance of the consolidated financial statements are as follows. The Group will make the necessary changes if not indicated otherwise, which will be affecting the consolidated financial statements and disclosures, when the new standards and interpretations become effective.

   • Amendments to TFRS 10 and TAS 28: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

     The Group will wait until the final amendment to assess the impacts of the changes

   • TFRS 17 - The new Standard for insurance contracts The standard is not applicable for the Group.

   • TFRS 18 - The new Standard for Presentation and Disclosure in Financial Statements

     The amendments did not have a significant impact on the financial position or performance of the Group.

   • TFRS 19 - The new Standard for Subsidiaries without Public Accountability: Disclosures

     The standard is not applicable for the Group.

   • Amendments to TAS 21 - Translation to a Hyperinflationary Presentation

The amendments did not have a significant impact on the financial position or performance of the Group.

Items included in the financial statements of each of the Group's entities are measured using the currency of the primary economic environment in which the entity operates (the functional currency'). The consolidated financial statements are presented in TRY, which is the functional currency of Arçelik and the presentation currency of the Group.

The Financial statements of subsidiaries operating in countries other than Turkey are compiled by the TAS/TFRS promulgated by the POA to reflect the proper presentation and content. Subsidiaries' assets and liabilities are translated into TRY from the foreign exchange rate at the reporting date and income and expenses are translated into TRY at the average foreign exchange rate and indexing has been applied to bring the income and expenses to the current period's purchasing power. Exchange differences arising from the translation of the opening net assets and differences between the average and balance sheet date rates are recognised in the "currency translation difference" under the use of equity.

1. The consolidated financial statements include the accounts of the parent company, Arçelik, and its Subsidiaries and Associates on the basis set out in sections (b) to (f) below. The financial statements of the companies included in the consolidation have been prepared as of the date of the consolidated financial statements and are based on the statutory records with adjustments and reclassifications for the purpose of presentation in conformity TAS/TFRS promulgated by the POA as set out in the communiqué numbered II-14.1, and Group accounting and disclosure policies.

2. Subsidiaries are the Companies controlled by Arçelik when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee.

3. Subsidiaries are consolidated from the date on which the control is transferred to the Group and are no longer consolidated from the date that the control ceases.

   The statement of financial position and statements of profit or loss of the Subsidiaries are consolidated on a line-by-line basis and the carrying value of the investment held by Arçelik and its Subsidiaries is eliminated against the related shareholders' equity. Intercompany transactions and balances between Arçelik and its Subsidiaries are eliminated on consolidation. The cost of, and the dividends arising from, shares held by Arçelik in its Subsidiaries are eliminated from shareholders' equity and income for the year, respectively.

   NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Continued) 2.1 Basis of presentation (Continued) Consolidation principles (Continued)

   The table below sets out all Subsidiaries included in the scope of consolidation discloses their direct and indirect ownership, which are identical to their economic interests, as of March 31, 2026, and December 31, 2025 (%) and their functional currencies:

   March 31, 2026 December 31, 2025

   Continuing operations as of balance sheet date:	Functional currency	Ownership Interest	Effective shareholding	Ownership Interest	Effective shareholding
   Arçelik Hitachi	Euro	60	60	60	60
   Arçelik Hitachi Dubai	Dirham	60	60	60	60
   Arçelik Hitachi Hong Kong	Hong Kong Dollar	60	60	60	60
   Arçelik Hitachi Indonesia	Indonesian Rup.	42.27	42.27	42.27	42.27
   Arçelik Hitachi Malaysia	Malaysian Ringgit	60	60	60	60
   Arçelik Hitachi Sales Thailand	Thai Baht	60	60	60	60
   Arçelik Hitachi Shangai	Chinese Yuan	57	57	57	57
   Arçelik Hitachi Singapore	Singapore Dollar	60	60	60	60
   Arçelik Hitachi Taiwan	Taiwanese Dollar	60	60	60	60
   Arçelik Hitachi Thailand	Thai Baht	50.4	50.4	50.4	50.4
   Arçelik Hitachi Thailand IBC	Thai Baht	60	60	60	60
   Arçelik Hitachi Vietnam	Vietnamese Dong	60	60	60	60
   Arch R&D	Chinese Yuan	100	100	100	100
   Arctic Foundation	Romanian Lei	72.54	72.54	72.54	72.54
   Arcwaste	Romanian Lei	72.54	72.54	72.54	72.54
   Bauknecht	Swiss Franc	75	75	75	75
   Bauknecht Hausgeräte	Euro	75	75	75	75
   Beko AE	Dirham	100	100	100	100
   Beko Algeria	Algerian Dinar	100	100	100	100
   Beko APAC	Thai Baht	100	100	100	100
   Beko Australia	Australian Dollar	100	100	100	100
   Beko Austria	Euro	75	75	75	750
   Beko Azerbaijan	Azerbaijan Manat	100	100	100	100
   Beko B.V.	Euro	100	100	100	100
   Beko Balkans	Serbian Dinar	75	75	75	75
   Beko Bangladesh	Euro	100	100	100	100
   Beko Belgium	Euro	75	75	75	75
   Beko Bulgaria	Bulgarian Lev	75	75	75	75
   Beko Canada	Canadian Dollar	100	100	100	100
   Beko Central Asia	Kazakhstan Tenge	100	100	100	100
   Beko China	Chinese Yuan	100	100	100	100
   Beko Croatia	Croation Kuna	75	75	75	75
   Beko Czech	Czech Koruna	75	75	75	75
   Beko Denmark	Danish Krone	75	75	75	75
   Beko Egypt	Egyptian Lira	100	100	100	100
   Beko Egypt LLC	Egyptian Lira	100	100	100	100
   Beko Estonia	Euro	75	75	75	75
   Beko Europe	Euro	75	75	75	75
   Beko Europe Austria	Euro	75	75	75	75
   Beko Europe Denmark	Danish Krone	75	75	75	75
   Beko Europe Management	Euro	75	75	75	75
   Beko Finland	Euro	75	75	75	75
   Beko France	Euro	75	75	75	75
   Beko Germany	Euro	75	75	75	75
   Beko Greece	Euro	-	-	75	75
   Beko Gulf	Dirham	100	100	100	100
   Beko Gulf DMCC	Dirham	100	100	100	100
   Beko Hong Kong	US Dollar	100	100	100	100
   Beko Iberia	Euro	75	75	75	75
   Beko International	Swiss Francı	75	75	75	75
   Beko Ireland	Euro	75	75	75	75
   Beko Italy	Euro	75	75	75	75
   Beko Italy Manufacturing	Euro	75	75	75	75
   Beko Latvia	Euro	75	75	75	75
   Beko Lithuania	Euro	75	75	75	75
   Beko Maghreb	Moroccan Dirham	100	100	100	100
   Beko Malaysia	Malaysian Ringgit	100	100	100	100

   NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Continued) 2.1 Basis of presentation (Continued) Consolidation principles (Continued)

   		March 31, 2026		December 31, 2025
   Continuing operations as of balance sheet date:	Functional	Ownership	Effective	Ownership	Effective
   (Continued)	currency	Interest	shareholding	Interest	shareholding
   Beko Manufacturing Slovakia	Euro	75	75	75	75
   Beko Morocco	Moroccan Dirham	100	100	100	100
   Beko Netherlands	Euro	75	75	75	75
   Beko New Zealand	New Zealand Dollar	100	100	100	100
   Beko Norway	Norwegian Kroner	75	75	75	75
   Beko Philippines	Philippine Peso	100	100	100	100
   Beko Poland Manufacturing	Euro	75	75	75	75
   Beko Polska	Polish Zloty	75	75	75	75
   Beko Portugal	Euro	75	75	75	75
   Beko Romania	Romanian Lei	72.54	72.54	72.54	72.54
   Beko Russia	Russian Ruble	100	100	100	100
   Beko Shanghai	Chinese Yuan	100	100	100	100
   Beko Slovakia	Euro	75	75	75	75
   Beko Spain	Euro	75	75	75	75
   Beko Sweden	Swedish Krona	75	75	75	75
   Beko Switzerland	Swiss Franc	75	75	75	75
   Beko Thailand	Thai Baht	100	100	100	100
   Beko UK	British Pound	75	75	75	75
   Beko Ukraine	Ukrainian Hryvnia	75	75	75	75
   Beko US	US Dollar	100	100	100	100
   Beko R&D	Euro	75	75	75	75
   Dawlance	Pakistani Rupee	100	100	100	100
   Defy	South Africa Rand	100	100	100	100
   Defy Botswana	Botswana Pula	100	100	100	100
   Defy Kenya	Kenya Shilling	100	100	100	100
   Defy Namibia	Namibian Dollar	100	100	100	100
   Defy Swaziland	Svazi Lilangeni	100	100	100	100
   DEL	Pakistani Rupee	100	100	100	100
   European Belgium	Euro	75	75	75	75
   European Croatia	Euro	75	75	75	75
   European Czech	Czech Koruna	75	75	75	75
   European Finland	Euro	75	75	75	75
   European France	Euro	75	75	75	75
   European France Holdings	Euro	75	75	75	75
   European Greece	Euro	75	75	75	75
   European Hungary	Hungarian Forint	75	75	75	75
   European Italy	Euro	75	75	75	75
   European Netherlands	Euro	75	75	75	75
   European Nordic	Swedish Krona	75	75	75	75
   European Norway	Norwegian Kroner	75	75	75	75
   European Poland	Polish Zloty	75	75	75	75
   European Romania	Romanian Lei	75	75	75	75
   European Slovakia	Euro	75	75	75	75
   European Spain	Euro	75	75	75	75
   European Ukraine	Ukrainian Hryvnia	75	75	75	75
   General Appliances	British Pound	75	75	75	75
   Grundig Switzerland	Swiss Franc	75	75	75	75
   Hotpoint Ireland	Euro	75	75	75	75
   Hotpoint UK	British Pound	75	75	75	75
   IHP Appliances	Russian Ruble	100	100	100	100
   IHP Kazakhstan	Kazakhstan Tenge	100	100	100	100
   Indesit UK	British Pound	75	75	75	75
   Ire Beteiligungs	Euro	75	75	75	75
   Pan Asia	US Dollar	100	100	100	100
   Pazarlama A.Ş.	Turkish Lira	100	100	100	100
   PT Home Appliances IND	Indonesian Rupiah	67	67	67	67
   PT Beko Appliances Indonesia	Indonesian Rupiah	100	100	100	100
   Singer Bangladesh	Bangladeshi Taka	56.99	56.99	56.99	56.99
   United Refrigeration Industries	Pakistani Rupee	100	100	100	100

   NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Continued) 2.1 Basis of presentation (Continued) Consolidation principles (Continued)

   March 31, 2026 December 31, 2025

   Ceased operations as of balance sheet date:	Functional currency	Ownership Interest	Effective shareholding	Ownership Interest	Effective shareholding
   Beko Cesko	Czech Koruna	75	75	75	75
   Grundig Austria	Euro	75	75	75	75
   Vietbeko	Vietnamese Dong	100	100	100	100
   Beko Hungary	Hungarian Forint	75	75	75	75
   Beko Gulf DMCC	Dirham	100	100	100	100

   (*) All shares of Beko Greece, a 75% owned subsidiary of the Group, were sold on 15 January 2026.

4. Associates and joint ventures are companies in which the Group has attributable interest of more than 20% and less than 50% of the ordinary share capital held for the long-term and over which a significant influence is exercised. Associates are accounted for using the equity method.

   Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group's interest in the associates. The Group ceases to account the associate using the equity method if it loses the significant influence or the net investment in the associate becomes nil, unless it has entered to a liability or a commitment. After the date of the caesura of the significant influence, the investment is carried at fair value.

   The table below sets out all associates and joint ventures shows their direct and indirect ownership as of March 31, 2026 and December 31 2025 (%):

   	March 31, 2026	December 31, 2025
   Arçelik - LG	45.00	45.00
   Koç Finansman	47.00	47.00
   Ram Dış Ticaret	33.50	33.50
   VoltBek	49.00	49.00

5. Financial assets in which the Group has ownership interests below 20%, or in which a significant influence is not exercised by the Group that have quoted market prices in active markets and/or whose fair values can be reliably measured are classified as financial assets measured at fair value through other comprehensive income in the consolidated financial statements.

6. The non-controlling share in the net assets and results of Subsidiaries for the year are separately classified as "non-controlling interest" in the consolidated statements of financial position and consolidated statements of profit or loss.

The condensed consolidated financial statements for the interim period ended March 31, 2026, have been prepared in accordance with IAS 34, Interim Financial Reporting. The significant accounting policies used in the preparation of the condensed consolidated financial statements are consistent with those disclosed in detail in the consolidated financial statements as at December 31, 2025. Consequently, the interim condensed consolidated financial statements should be read in conjunction with the annual financial statements for the year ended December 31, 2025.

The reportable segments of Arçelik have been organized by management into white goods and consumer electronics. White goods reportable segment comprises washing machines, dryers, dishwashers, refrigerators, ovens, cookers and the services provided for these products. The consumer goods reportable segment comprises televisions primarily with flat screens, computers, cash registers, other electronic devices and the services provided to consumers for these products. The other segment comprises sales of air conditioners, home appliances, after-sales customer services and other sales, excluding white goods and consumer electronics.

Arçelik's reportable segments are strategic business units that present various products and services. Each of these segments is administrated separately due to the necessity of different technologies and marketing strategies.

Information about the operational segments is as follows. Gross profitability is evaluated regarding the performance of the operational segments.

1. Operational segments which have been prepared in accordance with the reportable segments for three months period ended March 31, 2026 are as follows:

   	White goods	Consumer electronics	Other	Total
   Net sales (*)	99,421,739	5,539,270	25,310,671	130,271,680
   Gross profit	28,810,343	872,326	9,139,316	38,821,985
   Depreciation and amortization	4,612,938	147,379	942,644	5,702,961
   Capital expenditures	2,512,591	192,301	630,477	3,335,369

   (*) The Group recognised net sales amounting to TRY 129,966,086 with respect to the performance obligations satisfied at a point in time for the period ended March 31, 2026 (2025: TRY 142,550,310).

2. Operational segments which have been prepared in accordance with the reportable segments for the three months period ended March 31, 2025 are as follows:

   	White goods	Consumer electronics	Other	Total
   Net sales	107,205,882	7,380,816	28,210,638	142,797,336
   Gross profit	29,970,931	794,966	10,162,190	40,928,087
   Depreciation and amortization	5,832,962	229,501	219,367	6,281,830
   Capital expenditures	4,007,224	265,093	139,787	4,412,104

3. Sales revenue grouped geographically based on the location of the customers for the three months period ended March 31 are shown as below:

‌(*) As of March 31, 2026, TRY 535,601 consists of credit card receivables with a maturity of less than 3 months (December 31, 2025: TRY 1,259,953).

The maturity breakdown of cash and cash equivalents is as follows:

Fair value gain/ losses of financial assets reflected to other comprehensive income

Financial assets that its fair value gain/losses of reflected

(*) Other short-term borrowings include financial liabilities arising from credit card use.

As of March 31, 2026, the details of short-term bank borrowings and credit cards borrowings are as follows:

1. Short-term borrowings (Continued)

   As of December 31, 2025, the details of short-term bank borrowings are as follows:

   Currency	Effective interest rate per annum (%)	Original Currency	TRY Equivalent
   Euro	4.6	997,430,768	55,376,168
   Turkish Lira	30.9	30,947,113,520	34,054,273
   US Dollar	5.2	255,132,278	12,033,510
   Bangladeshi Taka	12.7	14,239,357,065	5,496,692
   Pakistani Rupee	11.7	17,198,447,454	2,880,039
   Thai Baht	5.1	1,555,594,370	2,337,606
   Romanian Lei	8.4	199,811,715	2,164,938
   Chinese Yuan	3.6	273,627,150	1,836,017
   Russian Ruble	17.8	3,034,505,993	1,818,383
   Australian Dollar	3.3	34,765,918	1,097,189
   Norwegian Krone	5.6	232,903,280	1,091,527
   Czech Koruna	8.8	217,179,425	497,375
   Swedish Krona	3.0	76,693,101	392,311
   Malaysian Ringgit	6.6	31,242,506	364,444
   Indonesian Rupiah	8.4	90,954,880,000	256,222
   Egyptian Pound	22.5	143,877,028	142,454
   Polish Zloty	6.0	935,783	12,293
   			121,851,441

   As of March 31, 2026, the details of payables due to factoring activities are as follows:

   Effective interest Original TRY

   Currency	rate per annum (%)	Currency	Equivalent
   Euro	2.8	6,951,699	354,701
   British Pound	5.3	5,011,593	294,013
   Russian Ruble	24.5	5,026,246	2,724
   			651,438
   As of December 31, 2025, the details of payables due to factoring activities are as follows:
   Currency	Effective interest rate per annum (%)	Original Currency	TRY Equivalent
   British Pound	5.0	8,314,191	528,955
   Euro	3.0	9,091,900	504,771
   Polish Zloty	5.0	7,257,082	95,334
   Russian Ruble	24.5	12,470,014	7,473
   			1,136,533

   NOTE 6 - BORROWINGS (Continued)
2. Long-term borrowings

The Group issued a bond on 13 May 2025 with a total nominal value of TRY 2,500,000 thousand, listed on Borsa İstanbul, with a maturity date of 15 May 2026, bearing quarterly coupon interest at a rate of TLREF plus 100 basis points.

The Group issued a bond on 8 April 2024 with a total nominal value of TRY 1,875,500 thousand, listed on Borsa İstanbul, bearing quarterly fixed coupon interest. The bond has a maturity date of 6 April 2026 and a coupon rate of 46.5%.

The Group issued bonds in a total amount of USD 500 million, comprising USD 400 million on 25 September 2023 and USD 100 million on 17 November 2023, listed on the Euronext Dublin Stock Exchange, bearing semi-annual fixed coupon interest. The bonds have a maturity date of 25 September 2028 and a coupon rate of 8.5%.

The Group issued a green bond on 27 May 2021 with a total nominal value of EUR 350 million, listed on the Euronext Dublin Stock Exchange, bearing annual fixed coupon interest. The bond has a maturity date of 27 May 2026 and a coupon rate of 3%. The Group has committed to financing its projects included within the scope of the Green Financing Framework, which it has established based on its sustainability strategy, using the proceeds obtained from the green bond issuance.

As of March 31, 2026, the details of the long-term bank borrowings are as follows:

As of December 31, 2025, the details of the long-term bank borrowings are as follows:

As of March 31, 2026, detail of discounted amounts of long-term bonds issued is given below:

Short-term portion of long-term bonds issued

and interest accruals (23,083,012)

As of December 31, 2025, detail of discounted amounts of long-term bonds issued is given below:

Short-term portion of long-term bonds issued

and interest accruals (25,529,850)

1. Long-term borrowings (Continued)

   The payment schedule of the principal amounts of long-term bank borrowings and bonds is as follows:

   	March 31, 2026	December 31,2025
   2027	38,996,047	43,906,694
   2028 to 2035	42,395,084	44,278,291
   	81,391,131	88,184,985

   The analysis of borrowings and bonds issued in terms of periods remaining to contractual re-pricing dates is as follows:

   	March 31, 2026			December 31,2025
   Up to 3 months	92,092,542			68,850,457
   3 - 12 months	59,893,505			89,807,491
   1-5 years	76,092,364			79,460,362
   Over 5 years	5,341,675			4,957,158
   	233,420,086			243,075,468
   As of March 31, 2026, and 2025, financial debt reconciliation is as follows:
   		Borrowings and	Borrowings and
   	Lease	bonds issued	bonds issued
   2026	Liabilities	due within 1 year	due after 1 year	Total
   Financial debt as of January 1	12,185,154	159,212,980	88,184,985	259,583,119
   Cash flows	(1,374,238)	4,950,635	4,877,370	8,453,767
   Transfer	-	5,069,813	(5,069,813)	-
   Changes in interest accruals	336,926	(322,238)	-	14,688
   Changes in factoring liabilities	-	(407,324)	-	(407,324)
   Changes in lease liabilities	2,266,162	-	-	2,266,162
   Currency translation adjustments	(683,496)	(4,518,870)	(2,251,398)	(7,453,764)
   Inflation adjustments	(155,041)	(8,708,813)	(4,350,013)	(13,213,867)
   Financial debt as of March 31	12,575,467	155,276,183	81,391,131	249,242,781
   		Borrowings and	Borrowings and
   	Lease	bonds issued	bonds issued
   2025	Liabilities	due within 1 year	due after 1 year	Total
   Financial debt as of January 1	12,835,672	86,167,843	99,825,638	198,829,153
   Cash flows	(1,513,294)	12,262,259	-	10,748,965
   Transfer	-	5,988,251	(5,988,251)	-
   Changes in interest accruals	299,958	(1,290,748)	-	(990,790)
   Changes in factoring liabilities	-	422,175	-	422,175
   Changes in lease liabilities	1,931,709	-	-	1,931,709
   Currency translation adjustments	(10,291)	34,259	6,540,620	6,564,588
   Inflation adjustments	(90,580)	(4,377,193)	(5,533,576)	(10,001,349)
   Financial debt as of March 31	13,453,174	99,206,846	94,844,431	207,504,451

   ‌NOTE 7 - DERIVATIVE INSTRUMENTS

   Valuation of outstanding derivative instruments which were transacted by the Group for foreign exchange risk management purposes are made through marketing to market value at the date of valuation and the fair value of these instruments are disclosed as asset or liability in the statement of financial position.

   March 31, 2026 December 31, 2025 Contract Fair value Contract Fair value amount assets /(liabilities) amount assets /(liabilities)

   Short-term derivative instruments Held for trading:

   Foreign currency

   122.915.680	273.633	(202.354)	109.568.857	108.749	(125.618)
   42.736.447	58.112	(78.587)	96.012.941	148.927	(96.660)

   forward transactions

   Foreign currency swap contracts

   Short-term derivative instruments, net 331.745 (280.941) 257.676 (222.278)

   Long-term derivative instruments Cash flow hedge:

   Interest rate swap

   contracts (*) 19.101.225 - (1.544.793) 20.784.055 - (2.272.457)

   Long-term derivative instruments, net - (1.544.793) - (2.272.457)

   (*) Detailed information regarding transactions accounted for as cash flow hedges is presented in Note 30.

   ‌NOTE 8 - TRADE RECEIVABLES AND PAYABLES
   	March 31, 2026	December 31, 2025
   Short-term trade receivables:
   Trade receivables	130,863,081	121,051,717
   Notes receivables	2,336,140	3,598,071
   Cheques receivables	1,628,842	5,297,430
   Short-term trade receivables (gross)	134,828,063	129,947,218
   Provision for expected credit loss	(2,569,734)	(2,741,975)
   Short-term trade receivables (net)	132,258,329	127,205,243

   As of March 31, 2026, the Group has offsetted TRY 22,472,624 (December 31, 2025: TRY 24,826,408) from trade receivables that are collected from factoring companies as part of the non-recourse factoring.

   In line with the general financial market convention in Pakistan, Dawlance has hypothecation on its trade receivables amounting to TRY 747,051 related with its local bank borrowings (December 31, 2025: TRY 620,629).

   The movements of expected credit loss for the three months period ended March 31, are as follows:

   	2026	2025
   As of January, 1	2,741,975	2,477,480
   Additions (Note 22)	96,415	111,764
   Provisions no longer required (Note 22)	(38,349)	(21,784)
   Write-offs (*)	(11,510)	(24,586)
   Currency translation differences	(204,794)	2,548
   Inflation adjustments	(14,003)	(17,974)
   As of March, 31	2,569,734	2,527,448

   (*) Doubtful receivables, for which no possibility of collection is foreseen, and no further cash inflow are expected, are written off from the records along with the related provisions.

   	March 31, 2026	December 31, 2025
   Short-term trade payables: Trade payables	115,570,257	124,647,804
   Debt accruals	10,756,852	10,332,068
   	126,327,109	134,979,872

   ‌NOTE 9 - OTHER PAYABLES	March 31,	December 31,
   	2026	2025
   Taxes and other deductions	6,492,323	7,849,335
   Dividend payables to shareholders	49,697	54,781
   Deposits and guarantees received	117,717	115,231
   Other	5,762,933	5,198,302
   	12,422,670	13,217,649
   ‌NOTE 10 - INVENTORIES
   	March 31, 2026	December 31, 2025
   Raw materials and supplies	40,029,030	42,619,493
   Work in progress	2,788,257	2,889,238
   Finished goods	44,408,244	44,298,290
   Trade goods	12,775,980	11,460,038
   Inventories (gross)	100,001,511	101,267,059
   Provision for impairment on inventories	(1,626,335)	(2,252,627)
   Inventories (net)	98,375,176	99,014,432

   In line with the general financial market convention in Pakistan, Dawlance has hypothecation on its inventories amounting to TRY 627,781 related with its local bank borrowings (December 31, 2025: TRY 523,599).

   ‌NOTE 11 - INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD

   March 31, 2026			December 31, 2025
   	%	TRY	%	TRY
   Koç Finansman	47.0	1,967,726	47.0	1,767,180
   Arçelik LG	45.0	1,366,501	45.0	1,344,837
   VoltBek	49.0	587,988	49.0	311,727
   Ram Dış Ticaret	33.5	176,586	33.5	188,460
   		4,098,801		3,612,204

   The movements of associates for the three-months period ended March 31, are as follows:

   	2026	2025
   As of January 1	3,612,204	3,597,037
   Shares of income/loss of associates	62,366	(135,189)
   Shares of other comprehensive income/loss of associates	199,460	(15,985)
   Elimination of gross profit on inventories	(12,031)	(8,544)
   Cash dividends from associates	(194,325)	-
   Share participation in associates	462,353	578,728
   Currency translation differences	(31,226)	(68,761)
   As of March 31	4,098,801	3,947,286

   NOTE 11 - INVESTMENTS ACCOUNTED FOR USING THE EQUITY METHOD (Continued)

   Shares of income/loss from investments accounted for using the equity method:

   	2026	2025
   Koç Finansman	176,896	27,346
   Arçelik LG	30,268	38,853
   Ram Dış Ticaret	10,066	(16,904)
   VoltBek	(154,864)	(184,484)
   	62,366	(135,189)
   ‌NOTE 12 - PROPERTY, PLANT AND EQUIPMENT
   	2026	2025
   As of January 1 Cost	268,885,861	257,163,492
   Accumulated depreciation	(145,473,387)	(126,357,670)
   Net carrying value	123,412,474	130,805,822
   Net carrying value at the beginning of the period	123,412,474	130,805,822
   Additions	4,631,249	4,921,243
   Disposals	(479,653)	(526,700)
   Transfers	(279,422)	(347,561)
   Currency translation differences	(5,852,703)	811,458
   Depreciation for the period	(4,209,535)	(4,691,855)
   Net carrying value at the end of the period	117,222,410	130,972,407
   As of March 31 Cost	260,368,781	270,170,985
   Accumulated depreciation	(143,146,371)	(139,198,578)
   Net carrying value	117,222,410	130,972,407

   As of March 31, 2026, the net book value of the right of use assets classified under tangible assets is TRY 12,679,486 (March 31, 2025: TRY 13,952,657).

   Additions to rights-to-use assets for the three months period ended March 31, 2026 TRY 2,916,487 (March 31, 2025: TRY 2,436,032), depreciation expenses are TRY 1,589,073 (March 31, 2025:

   TRY 1,601,229).

   There is no mortgage on property, plant and equipment as of March 31, 2026 (December 31, 2025: None).

   There is no capitalized borrowing cost related to property, plant and equipment as of March 31, 2026 (31 March 2025: TRY 53,277).

   Depreciation expenses capitalized amounted to TRY 77,012 as of March 31, 2026 (March 31, 2025:

   TRY 104,715).

   ‌NOTE 13 - OTHER INTANGIBLE ASSETS
   	2026	2025
   As of January 1 Cost	101,711,731	85,510,330
   Accumulated amortization	(46,251,932)	(33,206,390)
   Net carrying value	55,459,799	52,303,940
   Net carrying value at the beginning of the period	55,459,799	52,303,940
   Additions	1,620,607	1,926,893
   Disposals	(3,296)	(158)
   Transfers	368,593	347,561
   Currency translation differences	(2,247,686)	1,251
   Amortization for the period	(1,493,426)	(1,589,975)
   Net carrying value at the end of the period	53,704,591	52,989,512
   As of March 31 Cost	100,819,614	89,287,912
   Accumulated amortization	(47,115,023)	(36,298,400)
   Net carrying value	53,704,591	52,989,512

   As of March 31, 2026, total amount of capitalized borrowing cost is zero (March 31, 2025: None).

   NOTE 14 - ASSET HELD FOR SALE
   	2026
   As of January 1	6,656,948
   Disposal	(222,605)
   Transfer (*)	(89,171)
   Currency translation differences	(581,937)
   As of March 31	5,763,235

   As stated in the Group's announcement published on the Public Disclosure Platform ("KAP") on 21 November 2025, following the analyses conducted within the scope of Arçelik A.Ş.'s global efficiency and optimization initiatives, a decision has been made to cease production at the Refrigerator Plant located in Rayong, Thailand. In line with this decision, certain assets of the relevant facility have been classified as assets held for sale in accordance with TFRS 5 Non-current Assets Held for Sale and Discontinued Operations. The operations of the said plant were terminated in 2025 (March 31, 2025: None).

   (*) The transfer amount recognized under assets held for sale arises from intercompany sales transactions, and the total amount of such intercompany transactions realized during the relevant period was TRY 89,171. The aforementioned amount was reclassified to the Group's property, plant and equipment account within the reporting period.

   ‌NOTE 15 - COMMITMENTS, CONTINGENT ASSETS AND LIABILITIES

   As of March 31, 2026, export commitments from Turkey under the scope of inward processing authorization certificates as export incentives amounts to full USD 330,618,727 (December 31, 2025: USD 576,068,732). In the event that the relevant tax advantages are not utilized, the certificates incorporating export commitments may be closed without being subject to any sanctions.

   March 31, 2026 December 31, 2025

   Collaterals obtained 63,981,866 63,789,604

   Collaterals/ pledges/ mortgages/bill of guarantees ("CPMB") position of the Group as of March 31, 2026 and December 31, 2025 are as follows:

   CPMB's given by the Company	March 31, 2026	December 31, 2025
   A. CPMB's given for Company's own legal personality	10,612,207	10,164,532
   B. CPMB's given on behalf of fully consolidated companies	47,965,613	52,670,560
   C. CPMB's given on behalf of third parties for ordinary
   course of business	-	-
   D. Total amount of other CPMB's	-	-

   1. Total amount of CPMB's given on

      behalf of the majority shareholder - -

   2. Total amount of CPMB's given on behalf of others

      Group companies which are not in scope of B and C - -

   3. Total amount of CPMB's given on behalf of

third parties which are not in scope of C - -

TRY equivalents of CPMB given as of March 31, 2026 and December 31, 2025 are as follows on original currency basis are as follows:

(*) As of 31 December 2025, TRY 1,232,062 of the TRY 3,002,209 liabilities for compensation arising from restructurings was paid in 2026.

(*) The share purchase consideration relating to the acquisition of 100% of the shares of IHP Appliances JSC and IHP Appliances Sales LLC, with a transaction date of 31 August 2022, amounts to TRY 6,007,249 (December 31, 2025: TRY 6,625,391). As of March 31, 2026 and December 31, 2025, the fair values are reflected under this line item. Furthermore, the amount includes the contingent consideration of TRY 1,724,929 payable to Whirlpool Corporation in relation to the acquisition of a 75% stake in the European subsidiaries of Whirlpool Corporation as part of the purchase transaction dated April 1, 2024 (December 31, 2025: TRY 1,876,896).

The Company adopted the registered share capital system available to companies registered to the CMB and set a limit on its registered share capital representing registered type shares with a nominal value of kurus1, Registered and issued share capital of the Company is as follows:

Companies in Turkey may exceed the limit on registered share capital in the event of the issuance of bonus shares to existing shareholders,

The shareholding structure of the Company is as follows:

(*) The above amount refers to shares that are repurchased by the company and are publicly traded.

(**) Capital adjustment differences represent the disparity between the total amount of cash and cash equivalents added to capital after adjustment for inflation accounting and the amount before such adjustment. Capital adjustment differences have no use other than being added to capital.

All shareholders of the Company have equal rights and there are no preference shares outstanding.

The historical values and inflation adjustment effects of the following accounts under equity, in accordance with TFRS and VUK financial statements, as of March 31, 2026, are as follows:

Within the framework of the Board of Directors' resolutions dated July 1, 2021 and May 24, 2022, and in accordance with the relevant regulations, a share buyback program was implemented for a period of three years. Under this program, shares with a total nominal value of TL 68,876, representing 10.19% of the Company's share capital, have been repurchased.

Arçelik A.Ş. (the "Company") sold previously repurchased shares with a total nominal value of TL 49,304, representing 7.3% of the Company's share capital in cash and on a spot basis. In June 2025, shares with a nominal value of TL 1,304 were sold to Koç Holding Emeklilik ve Yardım Sandığı Vakfı, in December 2025, shares with a nominal value of TL 48,000 were sold to Koç Holding A.Ş.

As of March 31, 2026, the repurchased shares held corresponded to 2.90% of the Company's share capital, with a total acquisition cost of TL 5,216,349 based on the purchasing power as of 31 March 31, 2026 (December 31, 2025: 2.90%, TL 5,216,349).

The Turkish Commercial Code ("TCC") stipulates that the legal reserve is appropriated out of statutory profits at the rate of 5% per annum, until the total reserve reaches 20% of the Group's paid-in share capital. Other legal reserve is appropriated out of 10% of the distributable income after 5% dividend is paid to shareholders. Under the TCC, legal reserves can only be used for compensating losses, continuing operations in severe conditions or preventing unemployment and taking actions for relieving its effects in case general legal reserves does not exceed half of paid-in capital or issued capital.

The details of these restricted reserves are as follows:

(*) The Group's restructuring processes for the Europe and Asia Pacific regions are ongoing. In this context, a restructuring expense of TRY 125,015 has been recognized in the current period in relation to the Asia Pacific region. With respect to the aforementioned restructuring activities, a total cash outflow of TRY 160,945 occurred in the current period as a result of the utilization of provisions set aside in prior periods. Regarding the restructuring in the Europe region, while no expense has been recognized in the income statement in the current period, a cash outflow of TRY 1,280,026 occurred based on provisions set aside in prior periods. Accordingly, the total cash outflow incurred by the Group in relation to its restructuring activities during the current period of 2026 amounted to TRY 1,440,971 (2025: TRY 1,328,257).