Earnings Documents (CCOLA 31.03.2026 EN)

(ORIGINALLY ISSUED IN TURKISH)

(Convenience Translation into English of Consolidated Financial Statements and Notes Originally Issued in Turkish)

Coca-Cola İçecek Anonim Şirketi

Interim Condensed Consolidated Financial Statements as of March 31, 2026

Pages

Interim Condensed Consolidated Statement of Financial Position 1-2

Interim Condensed Consolidated Statement of Profit or Loss 3

Interim Condensed Consolidated Statement of Other Comprehensive Income 4

Interim Condensed Consolidated Statement of Change in Equity 5

Interim Condensed Consolidated Statement of Cash Flows 6

Notes to Interim Condensed Consolidated Financial Statements 7-48

Unaudited Audited

ASSETS Notes March 31, 2026 December 31, 2025

Cash and Cash Equivalents 4 25.256.203 28.945.134

• Goodwill

• Other intangible assets Right of Use Asset Prepaid Expenses Deferred Tax Assets

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

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

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

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

(Convenience Translation into English of Interim Condensed Consolidated Financial Statements and Notes Originally Issued in Turkish)

(Amounts expressed in thousands of TL based on the purchasing power of Turkish Lira ("TL") as of March 31, 2026, unless otherwise stated)

Other comprehensive income and expense items

Consolidated Statement of Changes in

Shareholders' Equity

Share Capital

Share Capital Adjustment Differences

Share Premium

Actuarial Gains / Losses

Hedge Reserve

Currency Translation Adjustment

Restricted Reserves Allocated from Net Profit

Accumulated Profit / Loss

Net Profit / Loss for the Year

Total Equity of the Parent

Non-Controlling Interest

Total Equity

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

Unaudited

Cash outflows arising from purchase of property, plant, equipment, and intangible assets

(2.545.612) (3.953.264)

CASH AND CASH EQUIVALENTS AT END OF PERIOD END (A+B+C+D+E+F)

4 25.256.203 28.596.342

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

Coca-Cola İçecek Anonim Şirketi ("CCI" - "the Company"), is the bottler and distributor of alcohol-free beverages in Turkey, Pakistan, Bangladesh, Central Asia and the Middle East. The operations of the Company consist of production, sales and distribution of sparkling and still beverages with The Coca-Cola Company ("TCCC") trademarks. The Company has 13 (2025 - 13) production facilities in different regions of Turkey and operates 26 (2025 - 26) production facilities in countries other than Turkey. The registered office address of CCI is OSB Mah. Deniz Feneri Sok. No:4 Ümraniye İstanbul, Turkey. The Company's publicly traded shares on Borsa Istanbul A.Ş. ("BIST").

The Group consists of the Company, its subsidiaries, and joint ventures.

The consolidated financial statements of the Group were approved for issue by the Board of Directors on May 4, 2026, which were signed by the Audit Committee and Chief Executive Officer Karim Yahi. The General Assembly and the regulatory bodies have the right to make amendments to the consolidated financial statements after their issuance.

The company is controlled by Anadolu Efes Biracılık ve Malt Sanayi A.Ş. ("Anadolu Efes"), the parent company. Anadolu Efes is controlled by AG Anadolu Grubu Holding A.Ş., AG Anadolu Grubu Holding A.Ş. is controlled by AG Sınai Yatırım ve Yönetim A.Ş. and AG Sınai Yatırım ve Yönetim A.Ş. is a management company, which is ultimately managed by the Özilhan Family and Süleyman Kamil Yazıcı Family in accordance with equal representation and equal management principle and manages AG Anadolu Grubu Holding A.Ş.'s companies.

As of March 31, 2026, and December 31, 2025, the composition of shareholders and their respective percentage of ownership can be summarized as follows:

March 31, 2026 December 31, 2025

Nominal

Amount Percentage

Nominal

Amount Percentage

CCI and its subsidiary Coca-Cola Satış ve Dağıtım A.Ş. ("CCSD") are among the leading bottlers and distributors of alcohol-free beverages, operating in Turkey. The sole operation area of the Company is the production, sales and distribution of sparkling and still beverages.

The Company has exclusive rights to produce, sell and distribute TCCC branded beverages including Coca-Cola, Coca-Cola Zero, Coca-Cola Zero Sugar, Coca-Cola Light, Fanta, Sprite, Cappy, Sen Sun, Powerade and Fuse Tea in TCCC authorized packages throughout Turkey provided by Bottler's and Distribution Agreements signed between the Group with TCCEC and TCCC. The renewal periods of the signed Bottler and Distribution Agreements vary, and the majority of them remain valid until 2028.

The Company has exclusive rights to produce, sell and distribute Burn and Gladiator branded energy drinks in authorized packages throughout Turkey, according to the Bottlers Agreements signed between the Company and Monster Energy Company ("MEC") and has the right for selling and distribution of Monster branded products in accordance with the International Distribution Agreement signed with Monster Energy Company ("MEC") which has taken over TCCC's global energy drink portfolio and is partially owned by TCCC as well.

The Company's international subsidiaries and joint ventures operating outside of Turkey are also engaged in the

production, sales and distribution of sparkling and still beverages with TCCC trademarks.

The Group has the exclusive bottling and distribution rights in Turkey for Schweppes branded beverages under Bottler's and Distribution Agreement signed with Schweppes Holdings Limited. Special authorization for the Group operating countries, other than Turkey, may be granted from time to time.

As of March 31, 2026, and December 31, 2025 the list of CCI's subsidiaries and joint ventures and its effective

participation percentages are as follows:

Subsidiaries

Effective Shareholding and Voting Rights (%)

Place of

Incorporation Principal Activities

March 31,

2026

December 31,

2025

Coca-Cola Satış ve Dağıtım Anonim Şirketi ("CCSD")

Anadolu Etap Penkon Gıda ve İçecek Ürünleri San. Ve Tic. A.Ş. ("Etap")

J.V. Coca-Cola Almaty Bottlers Limited

Liability Partnership ("Almaty CC")

Azerbaijan Coca-Cola Bottlers Limited

Liability Company ("Azerbaijan CC")

Coca-Cola Bishkek Bottlers Closed Joint

Stock Company ("Bishkek CC")

Turkey Distribution and sales of Coca-Cola products

Turkey Production and sale of fruit, vegetable juice and concentrate

Kazakhstan Production, distribution, and sales

of Coca-Cola products Azerbaijan Production, distribution, and sales

of Coca-Cola products Kyrgyzstan Production, distribution, and sales

of Coca-Cola products

99,97 99,97

100,00 100,00

100,00 100,00

99,87 99,87

100,00 100,00

CCI International Holland B.V. ("CCI Holland")

Holland Holding company 100,00 100,00

The Coca-Cola Bottling Company of

Jordan Limited ("TCCBCJ")

Turkmenistan Coca-Cola Bottlers

("Turkmenistan CC")

Sardkar for Beverage Industry/Ltd

("SBIL")

Jordan Production, distribution, and sales of Coca-Cola products

Turkmenistan Production, distribution, and sales

of Coca-Cola products

Iraq Production, distribution, and sales of Coca-Cola products

100,00 100,00

59,50 59,50

100,00 100,00

Waha Beverages B.V. ("Waha B.V.") Holland Holding Company 100,00 100,00

Coca-Cola Beverages Tajikistan Limited

Liability Company ("Tajikistan CC")

Al Waha for Soft Drinks, Juices, Mineral Water, Plastics, and Plastic Caps Production LLC ("Al Waha")

Coca-Cola Beverages Pakistan Limited

("CCBPL")

Coca-Cola Bangladesh Beverages Limited

("CCBB")

LLC Coca-Cola Bottlers Uzbekistan

("CCBU")

CCI Samarkand Limited LLC

("Samarkand")

CCI Namangan Limited LLC

("Namangan")

Tajikistan Production, distribution, and sales

of Coca-Cola products

Iraq Production, distribution, and sales of Coca-Cola products

Pakistan Production, distribution, and sales

of Coca-Cola products Bangladesh Production, distribution, and sales

of Coca-Cola products Uzbekistan Production, distribution, and sales

of Coca-Cola products Uzbekistan Production, distribution, and

sales of Coca-Cola products

Uzbekistan Production, distribution, and

sales of Coca-Cola products

100,00 100,00

100,00 100,00

99,34 99,34

100,00 100,00

100,00 100,00

100,00 100,00

100,00 100,00

Joint Venture

Place of

Incorporation

Principal

Activities

Effective Shareholding and

Voting Rights (%)

March 31, 2026 December 31, 2025

Syrian Soft Drink Sales and

Distribution L.L.C. (''SSDSD'')

Syria Distribution and sales of

Coca-Cola products

50,00 50,00

1. CORPORATE INFORMATION and NATURE OF ACTIVITIES (continued) Economic Conditions and Risk Factors of Subsidiaries and Joint Ventures

   The countries, in which certain subsidiaries and joint ventures operate, have undergone substantial political and economic changes in recent years. Uncertainties regarding the political, legal, tax and/or regulatory environment, including the potential for adverse changes in any of these factors, could significantly affect the subsidiaries' and joint ventures ability to operate commercially. Group Management closely monitors uncertainties and adverse changes to minimize the probable effects of such changes.

   In this context, Risk Detection Committee; which was established under the arrangements, terms and principles of Turkish Commercial Code, Capital Market Legislation and CMB's "Corporate Governance Principles" assess, manage and report Group risks. Some of the Group priority risks are defined as political instability and security, cyber security, exchange rate volatility, sustainable talent capability, corporate reputation, water, and environmental impact of packaging, changing consumer preferences, discriminatory tax and regulations, channel mix shift, economic slowdown, law and order and industrial relations. Group does not expect any adverse effect on the business related to any significant regulatory changes and/or legal arrangements by the authorities. All compliance efforts are in place and there is no legal dispute that may adversely affect the business.

   Seasonality of Operations

   Sparkling beverages consumption is seasonal, typically resulting in higher demand during the summer season and accordingly the seasonality effects are reflected in the figures. Therefore, the results of operations for the nine months ended March 31, 2026, do not automatically constitute an indicator for the results to be expected for the overall fiscal year.

   Average Number of Employees

   Category-based average number of employees working during the period is as follows (Joint ventures are considered with full numbers for March 31, 2026, and 2025).

   	March 31, 2026	March 31, 2025
   Blue-collar	4.876	4.626
   White-collar	5.748	5.693
   Average number of employees	10.624	10.319

2. BASIS OF CONSOLIDATED FINANCIAL STATEMENT PRESENTATION

Statement of Compliance with TFRS

The Group has prepared its condensed consolidated financial statements for the interim period ended March 31, 2026, in the scope of the CMB's "Communiqué on Financial Reporting in Capital Market" Numbered II-14.1 (Communiqué), published in the Official Gazette dated June 13, 2013 and numbered 28676, , and the announcements explaining this communiqué, TAS 34, "Interim Financial Reporting". The interim condensed consolidated financial statements and explanatory notes are presented using the compulsory standard formats as published by the Communiqué. The entities are allowed to prepare a complete or condensed set of interim financial statements in accordance with TAS 34. In this respect, the Group has preferred to prepare condensed consolidated financial statements in the interim periods.

In addition, the consolidated financial statements are presented in accordance with the specified format in "TFRS Taxonomy Announcement", issued on 3 July 2024 by the POA, and "the Financial Statements Examples and Guidelines for Use", which is published by the Capital Markets Board of Turkey.

CCI and its subsidiaries, which operate in Turkey, keep their accounting books and their statutory financial statements in Turkish Lira ("TL") in accordance with the regulations on accounting and reporting framework and accounting standards promulgated by the CMB, Turkish Commercial Code ("TCC") and Tax Legislation and the Uniform Chart of Accounts which is issued by the Ministry of Finance. The foreign subsidiaries keep their accounting books and statutory financial statements in their local currencies and in accordance with the rules and regulations of the countries in which they operate.

The interim condensed consolidated financial statements have been prepared from the statutory financial statements of Group's subsidiaries' and joint ventures and presented in TL in accordance with Turkish Financial Reporting Standards ("TFRS") as adopted by the Public Oversight Accounting and Auditing Standards ("POA") and CMB with certain adjustments and reclassifications for the purpose of fair presentation. Such adjustments are primarily related to application of consolidation accounting, accounting for business combinations, accounting for deferred taxes on temporary differences, accounting for employee termination benefits on an actuarial basis and accruals for various expenses. Except for the financial assets carried from their fair values and assets and liabilities included in Business Combination application, consolidated financial statements are prepared on a historical cost basis.

As of 31 March 2026, interim condensed consolidated financial statements have been prepared by applying the accounting policies that are consistent with the accounting policies applied during the preparation of the consolidated financial statements for the year ended 31 December 2024, except for the new standards and TFRYK interpretations summarized below.

Interim condensed consolidated financial statements do not contain all the explanations and footnotes that are required to be included in the year-end consolidated financial statements. Therefore, these interim condensed consolidated financial statements should be evaluated together with the consolidated financial statements for the year ended 31 December 2025.

1. BASIS OF CONSOLIDATED FINANCIAL STATEMENT PRESENTATION (continued) Financial Reporting in High-Inflation Economies

   Based on the CMB's decision dated 28 December 2023 and numbered 81/1820 and the "Implementation Guide on Financial Reporting in High Inflation Economies" published by the POA with the announcement made on 23 November 2023, issuers and capital market institutions subject to financial reporting regulations applying Turkish Accounting/Financial Reporting Standards will apply inflation accounting by applying the provisions of TAS 29, starting from their annual financial reports for the accounting periods ending as of December 31, 2023.

   As of March 31, 2026, an adjustment has been made in accordance with the requirements of TAS 29 ("Financial Reporting in High Inflation Economies") regarding the changes in the general purchasing power of the Turkish Lira. TAS 29 requirements require that financial statements prepared in the currency in circulation in the economy with high inflation be presented at the purchasing power of this currency at the balance sheet date and that the amounts in previous periods are rearranged in the same way. One of the requirements that requires the application of TAS 29 is a three-year compound inflation rate approaching or exceeding 100%. The indexing process was carried out using the coefficient obtained from the Consumer Price Index in Turkey published by the Turkish Statistical Institute ("TUIK"). The indices and correction coefficients used in the correction of the financial statements of the current and previous periods since January 1, 2005 are as follows:

   Date	Index	Coefficient	Three Year Compound Interest Rate
   31 March 2026	121,47	1,00000	205%
   31 December 2025	110,39	1,10040	211%
   31 March 2025	92,82	1,30865	250%

   The main elements of the Company's adjustment for financial reporting purposes in high-inflation economies are as follows:

   • Current period financial statements prepared in TL are expressed with the purchasing power of money valid at the balance sheet date, and the amounts from previous reporting periods are expressed by correcting the purchasing power of money at the last balance sheet date.

   • Monetary assets and liabilities are not adjusted as they are currently expressed with current purchasing power at the balance sheet date. In cases where the inflation-adjusted values of non-monetary items exceed the recoverable amount or net realizable value, the provisions of TAS 36 and TAS 2 were applied, respectively.

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

   • All items included in the income statements and other comprehensive income statements, except cost of sales, depreciation expense, profit/loss on asset sales, have been adjusted using the relevant monthly adjustment coefficients. Cost of sales, depreciation expense, asset sales profit/loss items have been recalculated on the basis of adjusted balance sheet items using correction coefficients.

   • All items in the statement of cash flows are expressed in the unit of measurement valid at the end of the reporting period

   • The effect of inflation on the Company's net monetary asset position in the current period is recorded in the net monetary position loss account in the income statement.

     Comparative Figures:

   • The relevant figures for the previous reporting period are rearranged by applying the general price index so that comparative financial statements are presented in the unit of measurement valid at the end of the reporting period. Information disclosed for previous periods is also presented in the measurement unit valid at the end of the reporting period.

   1. BASIS OF CONSOLIDATED FINANCIAL STATEMENT PRESENTATION (continued) New and Amended Turkish Financial Reporting Standards

      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 the 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

         Amendments to TFRS 9 and TFRS 7 - Classification and measurement of financial instruments

         • In August 2025, POA issued amendments to the classification and measurement of financial instruments (amendments to TFRS 9 and TFRS 7). The amendment clarifies that a financial liability is derecognized on the 'settlement date'. It also introduces an accounting policy option to derecognize financial liabilities that are settled through an electronic payment system before settlement date if certain conditions are met. The amendment also clarified how to assess the contractual cash flow characteristics of financial assets that include environmental, social and governance (ESG)-linked features and other similar contingent features as well as the treatment of nonrecourse assets and contractually linked instruments. Additional disclosures in TFRS 7 for financial assets and liabilities with contractual terms that reference a contingent event (including those that are ESG-linked), and equity instruments classified at fair value through other comprehensive income are added with the amendment. The new requirements are applied retrospectively with an adjustment to opening retained earnings.

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

           Annual Improvements to TFRSs - Volume 11

         • In September 2025, POA issued Annual Improvements to TFRSs - Volume 11, amending the followings:

         • TFRS 1 First-time Adoption of International Financial Reporting Standards - Hedge Accounting by a Firsttime Adopter: These amendments are intended to address potential confusion arising from an inconsistency between the wording in TFRS 1 and the requirements for hedge accounting in TFRS 9.

         • TFRS 7 Financial Instruments: Disclosures - Gain or Loss on Derecognition: The amendments update the language on unobservable inputs in the Standard and include a cross reference to TFRS 13.

         • TFRS 9 Financial Instruments - Lessee Derecognition of Lease Liabilities and Transaction Price: TFRS 9 has been amended to clarify that, when a lessee has determined that a lease liability has been extinguished in accordance with TFRS 9, the lessee is required to apply derecognition requirement of TFRS 9 and recognise any resulting gain or loss in profit or loss. TFRS 9 has been also amended to remove the reference to 'transaction price".

         • TFRS 10 Consolidated Financial Statements - Determination of a 'De Facto Agent': The amendments are intended to remove the inconsistencies between TFRS 10 paragraphs.

         • TAS 7 Statement of Cash Flows - Cost Method: The amendments remove the term of "cost method"

           following the prior deletion of the definition of 'cost method'.

         • The Group is in the process of assessing the impact of the standard on financial position or performance of the Group.

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

         • In August 2025, POA issued Contracts Referencing Nature-dependent Electricity (Amendments to TFRS 9 and TFRS 7). The amendment clarifies the application of the "own use" requirements and permits hedge accounting if these contracts are used as hedging instruments. The amendment also adds new disclosure requirements to enable investors to understand the effect of these contracts on a company's financial performance and cash flows. The clarifications regarding the 'own use' requirements must be applied retrospectively, but the guidance permitting hedge accounting have to be applied prospectively to new hedging relationships designated on or after the date of initial application.

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

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.

In December 2017, POA postponed the effective date of this amendment indefinitely pending the outcome of its research project on the equity method of accounting. Early application of the amendments is still permitted

POA issued TFRS 17 in February 2019, a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation and disclosure. TFRS 17 model combines a current balance sheet measurement of insurance contract liabilities with the recognition of profit over the period that services are provided. The mandatory effective date of the Standard postponed to accounting periods beginning on or after January 1, 2027 with the announcement made by the POA.

The standard is not applicable for the Group and will not have an impact on the financial position or performance of the Group

In May 2025, POA issued TFRS 18 which replaces TAS 1. TFRS 18 introduces new requirements on presentation within the statement of profit or loss, including specified totals and subtotals. TFRS 18 requires an entity to classify all income and expenses within its statement of profit or loss into one of five categories: operating; investing; financing; income taxes; and discontinued operations. It also requires disclosure of management-defined performance measures and includes new requirements for aggregation and disaggregation of financial information based on the identified 'roles' of the primary financial statements and the notes. In addition, there are consequential amendments to other accounting standards, such as TAS 7, TAS 8 and TAS 34. TFRS 18 and the related amendments are effective for reporting periods beginning on or after 1 January 2027, but earlier application is permitted. TFRS 18 will be applied retrospectively.

The Group is in the process of assessing the impact of the standard on financial position or performance of the Group.

In August 2025, POA issued TFRS 19, which allows eligible entities to elect to apply reduced disclosure requirements while still applying the recognition, measurement and presentation requirements in other TFRS accounting standards

Unless otherwise specified, eligible entities that elect to apply TFRS 19 will not need to apply the disclosure requirements in other TFRS accounting standards. An entity that is a subsidiary does not have public accountability and has a parent (either ultimate or intermediate) which prepares consolidated financial statements, available for public use, which comply with TFRS accounting standards may elect to apply TFRS

19. TFRS 19 is effective for reporting periods beginning on or after 1 January 2027 and earlier adoption is permitted. If an eligible entity chooses to apply the standard earlier, it is required to disclose that fact. An entity is required, during the first period (annual and interim) in which it applies the standard, to align the disclosures in the comparative period with the disclosures included in the current period under TFRS 19.

The Group is in the process of assessing the impact of the standard on financial position or performance of the Group.

b) Standards, amendments, and interpretations that are issued but not effective as of 31 March 2026:

The amendments issued by the POA in April 2026 require translation from a non-hyperinflationary functional currency into a hyperinflationary presentation currency at the closing rate. Accordingly, if an entity's functional currency is the currency of a non-hyperinflationary economy, but its presentation currency is the currency of a hyperinflationary economy, its results and financial position are translated into the presentation currency by translating all amounts (i.e., assets, liabilities, equity items, income and expenses) and all comparatives at the closing rate at the end of the current reporting period. Furthermore, an entity whose functional currency and presentation currency are the currency of a hyperinflationary economy, restates the comparative amounts of a foreign operation, whose functional currency is that of a non-hyperinflationary economy, by applying the general price index, in accordance with TAS 29, to the foreign operation's comparative figures. The amendments also introduce certain additional disclosure requirements.

The amendments apply for annual reporting periods beginning on or after 1 January 2027 and earlier application is permitted. If an entity's functional currency and presentation currency are the currency of a hyperinflationary economy (or are the currencies of different hyperinflationary economies) and it translates the results and financial position of foreign operations whose functional currency is that of a non-hyperinflationary economy, then it is required to apply the amendments from the beginning of the annual reporting period in which it first applies the amendments. In addition, it restates the comparative amounts of its foreign operations included in the entity's previously issued financial statements by applying the general price index it applies to corresponding figures in accordance with TAS 29. Other entities will apply the amendments retrospectively.

The Group is in the process of assessing the impact of the standard on financial position or performance of the Group.

1. BASIS OF CONSOLIDATED FINANCIAL STATEMENT PRESENTATION (continued) Functional and Presentation Currency

   The majority of the consolidated foreign subsidiaries and joint venture are regarded as foreign operations since they are financially, economically and organizationally autonomous. The Group translates in accordance with "TAS 21 The Effects of Changes in Foreign Exchange Rates" The resulting translated amounts for non-monetary items are treated as their historical cost.

   Functional and presentation currency of the Group is Turkish Lira (TL). Functional currencies of the subsidiaries and joint ventures are as follows:

   March 31, 2026 December 31, 2025

   	Local Currency	Functional Currency	Local Currency	Functional Currency
   CCSD	Turkish Lira	Turkish Lira	Turkish Lira	Turkish Lira
   Etap	Turkish Lira	Turkish Lira	Turkish Lira	Turkish Lira
   Almaty CC	Kazakh Tenge	Kazakh Tenge	Kazakh Tenge	Kazakh Tenge
   Azerbaijan CC	Manat	Manat	Manat	Manat
   Turkmenistan CC	Turkmen Manat	Turkmen Manat	Turkmen Manat	Turkmen Manat
   Bishkek CC	Som	Som	Som	Som
   TCCBCJ	Jordanian Dinar	Jordanian Dinar	Jordanian Dinar	Jordanian Dinar
   SBIL	Iraq Dinar	Iraq Dinar	Iraq Dinar	Iraq Dinar
   SSDSD	Syrian Pound	Syrian Pound	Syrian Pound	Syrian Pound
   CCBPL	Pakistan Rupee	Pakistan Rupee	Pakistan Rupee	Pakistan Rupee
   CCBB	Bangladesh Taka	Bangladesh Taka	Bangladesh Taka	Bangladesh Taka
   CCI Holland	Euro	U.S. Dollars	Euro	U.S. Dollars
   Waha B.V.	Euro	U.S. Dollars	Euro	U.S. Dollars
   Al Waha	Iraq Dinar	Iraq Dinar	Iraq Dinar	Iraq Dinar
   Tajikistan CC	Somoni	Somoni	Somoni	Somoni
   CCBU	Uzbek Som	Uzbek Som	Uzbek Som	Uzbek Som
   Samarkand	Uzbek Som	Uzbek Som	Uzbek Som	Uzbek Som
   Namangan	Uzbek Som	Uzbek Som	Uzbek Som	Uzbek Som

   Foreign Currency Translations

   Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are recorded in the consolidated income statement of the relevant period, as foreign currency loss or gain. Foreign currency translation rates announced by the Central Bank of the Republic of Turkey used by the Group's subsidiaries in Turkey. USD amounts presented in the asset accounts are translated into TL with the official TL exchange rate of USD buying on March 31, 2026, USD 1,00 (full) = TL 44,3961 (December 31, 2025; USD 1,00 (full) = TL 42,8457) whereas USD amounts in the liability accounts are translated into TL with the official TL exchange rate of USD selling on March 31, 2026, USD 1,00 (full) = TL 44,4761 (December 31, 2025; USD 1,00 (full) = TL42,9229). Furthermore, USD amounts in the income statement are translated into TL, at the average TL exchange rate for USD buying for the period is USD 1,00 (full) = TL 43,5980 (January 1 - March 31, 2025; USD 1,00 (full) = TL 36,1994).

   The assets and liabilities of subsidiaries and joint ventures operating in foreign countries are translated at the rate of exchange ruling at the balance sheet date and the income statements of foreign subsidiaries and joint ventures are translated at average exchange rates. Differences that occur by the usage of closing and average exchange rates are followed under currency translation differences classified under equity.

   Estimates, Assumptions and Judgements Used

   For the condensed consolidated interim financial statements, as of March 31, 2026, Group management has to make key assumptions concerning the future and other key sources of estimation uncertainty on the balance sheet date that have significant risks of causing a material adjustment to the carrying amounts of assets and liabilities in the preparation of condensed consolidated financial statements. Actual results can be different from estimations. These estimations are reviewed at each balance sheet date; required corrections are made and reflected in the results of operations of the related period. The key assumptions concerning the future and other key resources of estimation at the balance sheet date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year and the significant judgments (apart from those involving estimations) with the most significant effect on amounts recognized in the financial statements are consistent with the assumptions and estimations made for the year ended December 31, 2025, except for the necessary considerations made for income taxes.

2. SEGMENT REPORTING

The Company produces segment reports for the chief operating decision maker (Board of Directors and Executive Management) in accordance with basis of preparation as explained in Note 2. Reported information is used by management for observing performance at operation segments and for deciding resource allocation.

Adjusted earnings before interest and tax (Adjusted EBITDA) is not an accounting measure under TFRS accounting and does not have a standard calculation method however it has been considered as the optimum indicator for the evaluation of the performance of the operating segments by considering the comparability with the entities in the same business.

Group's domestic and international subsidiaries are presented under Note 1 and Group's segment reporting is as

follows:

March 31, 2026

1. SEGMENT REPORTING (continued)

   March 31, 2025

   	Domestic	International	Elimination	Consolidated
   Net Revenue	18.804.223	28.513.908	(99)	47.318.032
   Cost of sales (-)	(13.816.036)	(19.083.332)	(26.379)	(32.925.747)
   Gross profit	4.988.187	9.430.576	(26.478)	14.392.285
   Operating expenses (-)	(6.570.613)	(4.915.742)	517.334	(10.969.021)
   Other operating income / (expense), net	3.614.603	240.565	(3.518.600)	336.568
   Profit / (loss) from operations	2.032.177	4.755.399	(3.027.744)	3.759.832
   Gain from investing activities	-	5.108	23	5.131
   Loss from investing activities (-)	(26.890)	(20.017)	(24)	(46.931)
   Gain / (loss) from joint ventures	-	4.162	-	4.162
   Profit before financial income/(expense)	2.005.287	4.744.652	(3.027.745)	3.722.194
   Financial income	528.894	459.620	(15.675)	972.839
   Financial expense (-)	(5.060.892)	(1.083.056)	1.934.695	(4.209.253)
   Monetary Gain Loss	2.944.534	-	-	2.944.534
   Profit before tax from continuing operations	417.823	4.121.216	(1.108.725)	3.430.314
   Tax income / (expense) from continuing operations	355.474	(1.278.484)	(809.518)	(1.732.528)
   Net profit or (loss) from continuing operations	773.297	2.842.732	(1.918.243)	1.697.786
   Non-controlling interest	-	28.878	-	28.878
   Equity holders of the parent	773.297	2.813.854	(1.918.243)	1.668.908
   Purchase of property, plant, equipment and intangible asset	827.822	3.125.442	-	3.953.264
   Amortization expense of right of use asset	51.690	36.276	-	87.966
   Depreciation and amortization expenses	932.815	1.160.948	-	2.093.763
   Other non-cash items	88.788	148.014	(58.972)	177.830
   Adjusted EBITDA	3.105.470	6.100.637	(3.086.716)	6.119.391

   December 31, 2025

   Domestic International Elimination Consolidated

   Total Assets	190.967.392	134.021.874	(115.060.067)	209.929.199
   Total Liabilities	68.841.571	49.811.237	(4.048.127)	114.604.681

   In addition to the requirements of segment reporting, The Group's management presented this information for certain

   financial statements readers to utilize this data during their analyses.

   Company's "Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (Adjusted EBITDA)" definition and calculation is defined as; "Profit / (Loss) From Operations" plus relevant non-cash expenses including depreciation and amortization, provision for employee benefits like retirement and vacation pay (provisions for management bonus and long term incentive plan not included) and other non-cash expenses like negative goodwill and value increase due to change in scope of consolidation.

   As of March 31, 2026, and 2025, reconciliation of Adjusted EBITDA to profit / (loss) from operations is explained in the following table:

   	March 31, 2026	March 31, 2025
   Profit / (loss) from operations	6.930.963	3.759.832
   Depreciation and amortization	2.159.136	2.093.763
   Provision for employee benefits	207.339	219.728
   Foreign exchange gain / (loss) under other operating income /	(94.270)	(41.898)
   (expense) (Note 19)
   Amortization expense of right of use asset	139.250	87.966
   Adjusted EBITDA	9.342.418	6.119.391

2. CASH AND CASH EQUIVALENTS

   	March 31, 2026	December 31, 2025
   Cash on hand Cash in banks	22.506	2.721
   -Time deposit	14.981.705	20.649.182
   -Demand deposit	10.251.992	8.293.231
   	25.256.203	28.945.134

   As of March 31, 2026, time deposits with maturities less than 3 months in foreign currencies existed for periods varying between 1 day to 61 days (December 31, 2025 - 1 day to 83 days) and earned interest between 0,04% - 18%

   (December 31, 2025 - 0,04% - 18%).

   As of March 31, 2026, time deposits in local currency existed for periods varying between 1 day to 61 days (December 31, 2025 - TL, 2 days to 89 days) and earned interest between 33,00% - 41,50% (December 31, 2025 -

   35% - 40,15%)

   As of March 31, 2026, there is TL 21.759 (December 31, 2025 - TL 43.790) of interest income accrual on time deposits with maturities less than 3 months. As of March 31, 2026, and December 31, 2025, the fair values of cash and cash equivalents are equal to book value.

   The credit risks of the banks where the Company has deposits are evaluated by taking into account independent data, and no significant credit risk is expected. The market values of cash and cash equivalents approximate their carrying values including the accrued interest income at the balance sheet date.

3. FINANCIAL INVESTMENTS

   March 31, 2026 December 31, 2025

   Restricted cash 161.981 244.429

   161.981 244.429

   Restricted bank balance is the blocked amount in the bank for collateral of letters of credit in Uzbekistan, Samarkand, Namangan and Pakistan.

4. DERIVATIVE FINANCIAL INSTRUMENTS

As of March 31, 2026, the Group has aluminum swap transactions with a total nominal value of TL 897.751. It has been designated as a hedging instrument that may arise from the cash flows of metal can purchases in years 2026 and has been subject to cash flow hedge accounting.

As of December 31, 2025, the Group has aluminum swap transactions with a total nominal amount of TL 1.271.375. It has been designated as a hedging instrument that may arise from the cash flows of metal can purchases in years 2026 and has been subject to cash flow hedge accounting.

As of March 31, 2026, the Group has sugar swap transactions with a total nominal value of TL 30.056.356. The designation as a hedging instrument that may arise from the cash flows of sugar purchases in years 2026-2028 has been subject to cash flow hedge accounting.

As of December 31, 2025, the Group has sugar swap transactions with a total nominal value of TL 62.735. The designation as a hedging instrument that may arise from the cash flows of sugar purchases in years 2026 has been subject to cash flow hedge accounting.

As of March 31, 2026, the Group has forward derivative financial instruments with a maturity of June 2026 in the amount of 20,3 million EUR, with a maturity of April 2026 in the amounts of 0,6 million EUR and 1,3 million US dollar in order to hedge exchange rate risk and the nominal value of these transactions are 1.036.433 TL, 30.558 TL and 57.715 TL. In addition to this, the Group has executed a 7 million US dollar cross currency swap agreement with a maturity of August-September 2026, and 7 billion TL maturity of June-December 2026 interest rate swap agreement and the nominal value of these transactions are 221.981 TL and 7.000.000 TL respectively.

As of December 31, 2025, the Group has forward derivative financial instruments with a maturity of June 2026 in the amount of 20,3 million EUR, with a maturity of April 2026 in the amounts of 1,2 million EUR and 5,6 million US dollar in order to hedge exchange rate risk and the nominal value of these transactions are 1.128.109 TL, 66.521 TL and 264.026 TL. In addition to this, the Group has executed a 3 million US dollar cross currency swap agreement with a maturity of February 2026, and 6 billion TL maturity of February-December 2026 interest rate swap agreement and the nominal value of these transactions are 162.728 TL and 6.327.300 TL respectively.

As of March 31, 2026, a hedging transaction amounting to 565,4 million USD (TL 25.149.213) has been executed to hedge the net investment in a foreign operation.

As of December 31, 2025, a hedging transaction amounting to 565,4 million USD (TL 26.707.752) has been executed to hedge the net investment in a foreign operation.

In the event of reasonably possible changes in the hedged risks (such as a 20% fluctuation in foreign exchange rates or commodity prices), no material impact on the financial statements is expected.

Details of hedging instruments as of 31 March 2026 and 31 December 2025 are as follows:

Cash flow hedge reserves:

assets /(liabilities) assets /(liabilities)

operations

1. DERIVATIVE FINANCIAL INSTRUMENTS (continued) 31 December 2025 Nominal Value Outstanding Amounts Fair Value Asset / (Liability) Financial Position Line Item Maturity Hedging Instruments:

   Cash flow hedge reserves:

   Commodity swap contracts - Aluminum	1.271.375	11.011 tons	265.739	Derivative Instruments	January 2026
   - Sugar	62.735	2.775 tons	(7.058)	Derivative Instruments	April 2026
   Fx forward (hedge against exchange rate risk) - EUR/TL	1.128.109	20,3 million EUR	(27.039)	Derivative Instruments	June 2026
   - EUR/TL	66.521	1,2 million EUR	(270)	Derivative Instruments	March-April 2026
   - USD/TL	264.026	5,6 million USD	(370)	Derivative Instruments	January-April 2026
   Cross currency participation swap	162.728	3 million USD	(17.342)	Derivative Instruments	February 2026

   assets /(liabilities)

   Cross currency participation swap assets /(liabilities)

   Net Investment Hedge:

   Borrowings to hedge net investments in foreign operations

   6.327.300 6 billion TL (198.744) Derivative Instruments February-December 2026

   9.282.794 14.916

   - 565,4 million USD (26.707.752) Borrowings January 2029 - April 2030

2. BORROWINGS

As of March 31, 2026, there is interest expense accrual amounting to TL 1.187.196 on total amount of borrowings (December 31, 2025 - TL 1.288.776).

Short and long-term borrowings (included current part) denominated in TL and foreign currencies as of March 31, 2026 and December 31, 2025, are as follows:

March 31, 2026 December 31, 2025

Range for the minimum and maximum effective interest rates on the balance sheet date are as follows:

Repayment plans of long-term borrowings as of March 31, 2026, and December 31, 2025, are scheduled as follows (including current portion of long-term borrowings):

Movements of financial borrowings as of March 31, 2026 and 2025 are as follows:

As of March 31, 2026, net present value of liabilities under lease liabilities is amounting to TL 1.554.974. Movement tables of lease liabilities as of March 31, 2026, and 2025 are as follows:

Convenience Translation into English of Interim Condensed Consolidated Financial Statements and Notes Originally Issued in Turkish)

(Amounts expressed in thousands of TL based on the purchasing power of Turkish Lira ("TL") as of March 31, 2026, unless otherwise stated)

1. PREPAID EXPENSES a) Short term prepaid expenses

   	March 31, 2026	December 31, 2025
   Prepaid marketing expenses	2.147.069	2.018.022
   Prepaid insurance expenses	371.423	470.530
   Prepaid rent expenses	11.699	8.784
   Prepaid other expenses	454.372	457.697
   Advances given to suppliers	1.578.394	1.992.671
   	4.562.957	4.947.704
   b) Long term prepaid expenses
   	March 31, 2026	December 31, 2025
   Prepaid marketing expenses	1.144.739	715.582
   Prepaid other expenses	96.833	35.710
   Advances given to suppliers	1.345.964	767.500
   	2.587.536	1.518.792

   1. Short term deferred income March 31, 2026 December 31, 2025

      Advances received	449.079	789.683
      Deferred income	123.920	-
      	572.999	789.683

   2. Long term deferred income
   March 31, 2026 December 31, 2025

   Deferred income 185.430 -

   185.430 -
2. INVESTMENT IN JOINT VENTURES

   Investment in joint ventures, consolidated under the equity method of accounting, is carried in the consolidated financial position at cost plus post-acquisition changes in the Group's share of net assets of the joint ventures, less any impairment in value. The consolidated income statement reflects the Group's share of the results of operations of the joint ventures.

   As of March 31, 2026, and December 31, 2025, total assets and total liabilities and as of March 31, 2026, and 2025 net sales, and current year gain/(loss) of SSDSD is as follows:

   SSDSD	March 31, 2026	December 31, 2025
   Total assets	1.224	136
   Total liabilities	44.798	108.101
   Equity	(43.574)	(107.965)
   SSDSD	March 31, 2026	March 31, 2025
   Net revenue	-	-
   Net loss for the period	-	8.323
   Group's share in loss	-	4.162

3. PROPERTY, PLANT AND EQUIPMENT

   As of March 31, 2026 and 2025, property, plant and equipment movement tables are as follows:

   Cost	January 1, 2026	Additions	Transfers	Disposals	Impairment	Currency translation differences	March 31, 2026
   Land and buildings	40.596.472	54.785	348.504	(231)	(2.836)	(1.395.235)	39.601.459
   Machinery and equipment	72.878.908	368.245	547.494	(6.781)	(1.074)	(2.402.677)	71.384.115
   Vehicles	1.306.573	24.028	11.016	(12.790)	-	(69.057)	1.259.770
   Furniture and fixtures	1.932.102	24.460	12.166	(2.906)	-	(34.639)	1.931.183
   Other tangibles (*)	38.140.696	901.810	223.904	(394.292)	18.822	(1.184.218)	37.706.722
   Leasehold improvements	376.674	-	-	-	-	-	376.674
   Construction in progress	4.606.430	877.185	(1.143.084)	(13.505)	-	(272.267)	4.054.759
   	159.837.855	2.250.513	-	(430.505)	14.912	(5.358.093)	156.314.682
   Amortisation
   Land and buildings	(11.570.890)	(220.037)	-	86	-	277.559	(11.513.282)
   Machinery and equipment	(39.800.453)	(861.422)	-	4.914	-	1.184.535	(39.472.426)
   Vehicles	(898.243)	(27.511)	-	12.790	-	48.735	(864.229)
   Furniture and fixtures	(1.368.121)	(26.071)	-	2.647	-	21.406	(1.370.139)
   Other tangibles (*)	(24.568.481)	(824.695)	-	285.688	-	637.794	(24.469.694)
   Leasehold improvements	(270.373)	(1.021)	-	-	-	-	(271.394)
   	(78.476.561)	(1.960.757)	-	306.125	-	2.170.029	(77.961.164)
   Net book value	81.361.294	289.756	-	(124.380)	14.912	(3.188.064)	78.353.518

   (*) Coolers and returnable bottles are followed in other tangible assets.

   As of March 31, 2026, pledge amounting to TL 134.439 on property, plant and equipment (31 March 2025: TL 149.659). This amount is also dislosed in GPM table (Note 15).

   Impairment Loss

   As of March 31, 2026, the Group had TL 14.912 provided impairment losses (March 31, 2025 - TL 138) for property, plant and equipment that had greater carrying value than its estimated recoverable amount. This impairment had been provided for "Out of Use" tangible assets (Note 19).

   As of March 31, 2026, reversal of impairment amounting to TL 23.477 (March 31, 2025 - TL 5.131) (Note 19).

   11.	PROPERTY, PLANT AND EQUIPMENT (continued)
   						Currency translation
   Cost	January 1, 2025	Additions	Transfers	Disposals	Impairment	differences	March 31, 2025
   Land and buildings	37.525.789	21.232	75.094	(632)	-	(746.509)	36.874.974
   Machinery and equipment	68.486.910	270.880	712.183	(39.430)	500	(1.478.722)	67.952.321
   Vehicles	1.439.875	2.424	997	(1.553)	-	(41.540)	1.400.203
   Furniture and fixtures	1.840.344	19.833	10.417	(6.055)	-	(94.647)	1.769.892
   Other tangibles (*)	38.432.601	793.915	311.073	(311.743)	(636)	(1.366.240)	37.858.970
   Leasehold improvements	361.580	-	17.609	-	-	-	379.189
   Construction in progress	8.034.450	2.597.810	(1.127.373)	-	-	(256.761)	9.248.126
   	156.121.549	3.706.094	-	(359.413)	(136)	(3.984.419)	155.483.675
   Amortisation
   Land and buildings	(11.410.194)	(196.661)	-	453	-	361.348	(11.245.054)
   Machinery and equipment	(39.094.453)	(827.330)	-	27.339	-	1.054.750	(38.839.694)
   Vehicles	(936.016)	(30.545)	-	1.491	-	19.102	(945.968)
   Furniture and fixtures	(1.291.708)	(21.262)	-	5.995	-	64.477	(1.242.498)
   Other tangibles (*)	(24.975.427)	(842.917)	-	204.271	-	1.170.658	(24.443.415)
   Leasehold improvements	(267.198)	(263)	-	-	-	-	(267.461)
   	(77.974.996)	(1.918.978)	-	239.549	-	2.670.335	(76.984.090)
   Net book value	78.146.553	1.787.116	-	(119.864)	(136)	(1.314.084)	78.499.585
   (*) Coolers and returnable bottles are followed in other tangible assets.

   11.	PROPERTY, PLANT AND EQUIPMENT (continued)
   Right of Use Asset
   As of March 31, 2026 and 2025, right of use asset movement tables are as follows:
   Cost	January 1, 2026	Additions	Disposals	Currency Translation Difference	March 31, 2026
   Land and Buildings	710.759	131.620	-	(40.661)	801.718
   Machinery and Equipment	212.339	23.747	-	(18.378)	217.708
   Vehicles	1.232.319	87.680	(22.092)	(99.610)	1.198.297
   	2.155.417	243.047	(22.092)	(158.649)	2.217.723
   Amortization
   Land and Buildings	(286.635)	(29.503)	-	16.466	(299.672)
   Machinery and Equipment	(19.141)	(12.441)	-	988	(30.594)
   Vehicles	(314.489)	(97.306)	10.348	24.195	(377.252)
   	(620.265)	(139.250)	10.348	41.649	(707.518)
   Net book value	1.535.152	103.797	(11.744)	(117.000)	1.510.205

   11.	PROPERTY, PLANT AND EQUIPMENT (continued)
   Right of Use Asset (continued)
   Cost	January 1, 2025	Additions	Changes	Disposals	Currency Translation Difference	March 31, 2025
   Land and Buildings	951.610	171.433	2.611	(394.368)	(18.573)	712.713
   Machinery and Equipment	79.374	-	-	-	(25.090)	54.284
   Vehicles	859.284	25.917	-	(12.187)	(58.262)	814.752
   	1.890.268	197.350	2.611	(406.555)	(101.925)	1.581.749
   Amortization
   Land and Buildings	(455.710)	(19.750)	-	213.055	14.708	(247.697)
   Machinery and Equipment	(53.309)	(2.306)	-	-	13.001	(42.614)
   Vehicles	(345.940)	(65.910)	-	10.074	21.921	(379.855)
   	(854.959)	(87.966)	-	223.129	49.630	(670.166)
   Net book value	1.035.309	109.384	2.611	(183.426)	(52.295)	911.583

4. INTANGIBLE ASSETS

   As of March 31, 2026 and 2025, intangible assets movement tables are as follows:

   Cost	January 1, 2026	Additions	Disposals	Transfer	Currency translation adjustment	March 31, 2026
   Water sources usage right	643.267	-	-	-	-	643.267
   Bottlers and distribution agreements	29.986.362	-	-	-	(1.247.226)	28.739.136
   Foundation and organization	27.583	-	-	-	-	27.583
   Other Rights	5.762.944	3.504	(1.572)	215.656	(669.241)	5.311.291
   Construction in progress	2.913.865	291.595	-	(215.656)	-	2.989.804
   	39.334.021	295.099	(1.572)	-	(1.916.467)	37.711.081
   Amortization
   Water sources usage right	(643.267)	-	-	-	-	(643.267)
   Foundation and organization	(30.618)	(2.757)	272	-	-	(33.103)
   Other Rights	(3.566.608)	(195.622)	377	-	668.090	(3.093.763)
   	(4.240.493)	(198.379)	649	-	668.090	(3.770.133)
   Net book value	35.093.528	96.720	(923)	-	(1.248.377)	33.940.948

   There is no water sources usage right purchased by government incentive.

   12.	INTANGIBLE ASSETS (continued)
   Cost	January 1, 2025	Additions	Transfer	Currency translation adjustment	March 31, 2025
   Water sources usage right	620.533	-	-	-	620.533
   Bottlers and distribution agreements	30.783.094	-	-	(442.684)	30.340.410
   Foundation and organization	35.549	-	-	-	35.549
   Other Rights	5.553.841	24.312	74.942	(61.240)	5.591.855
   Construction in progress	1.623.984	222.858	(74.942)	-	1.771.900
   	38.617.001	247.170		(503.924)	38.360.247
   Amortization
   Water sources usage right	(620.533)	-	-	-	(620.533)
   Foundation and organization	(17.897)	(5.187)	-	-	(23.084)
   Other Rights	(3.137.289)	(169.597)	-	337.475	(2.969.411)
   	(3.775.719)	(174.784)	-	337.475	(3.613.028)
   Net book value	34.841.282	72.386	-	(166.449)	34.747.219

5. GOODWILL

As of March 31, 2026, and 2025 nine months period ending movements of goodwill are as follows:

January 1, 2026 Currency Translation Difference

March 31, 2026

Net book value 6.070.515 1.270.230 7.340.745

January 1, 2025 Currency Translation Difference

March 31, 2025

Net book value 7.945.840 (96.122) 7.849.718

As of March 31, 2026, and 2025 operating segment distribution of goodwill is presented below:

The Group's earnings from investments tied to an incentive certificate are subject to corporate tax at discounted rates, starting from the accounting period in which the investment is partially or fully operational, until the investment contribution amount is reached. In this context,s tax advantage amounting to TL 1.653.153 (December 31, 2025: TL 1.622.707) that the Group's will benefit from in the foreseeable future as of March 31, 2026 is reflected in the consolidated financial statements as a deferred tax asset. As a result of the recognition of the said tax advantage as of 31 March 2026, deferred tax income amounting to TL 9.553 has been realized in the consolidated profit or loss statement for the period from January to March 31, 2026.

According to the tax incentive certificates summarized above, no current period corporate tax provision (31 March 2025: None) discounted corporate tax advantage has been used .

The Group capitalizes its research and development ("R&D") expenditures in its statutory books. In accordance with the relevant legislation, the Group calculates its R&D expenditures and benefits from R&D tax deductions for the portion permitted by law. A tax benefit amounting to 18.208 TL (December 31, 2025: None), arising from unused R&D deductions expected to be utilized in the foreseeable future, has been recognized as a deferred tax asset in the financial statements. In relation to this deferred tax asset, a deferred tax income of 18.208 TL has been recognized in the statement of profit or loss for the period from January 1 to March 31, 2026.

Deferred tax assets are recognized when it is determined that taxable income is likely to occur in the coming years. In cases where taxable income is likely to occur, deferred tax assets are calculated over deductible temporary differences, tax losses and tax advantages vested in indefinite-lived investment incentives that allow reduced corporate tax payments. In this context, the Group's bases the reflection of deferred tax assets arising from investment incentives in the consolidated financial statements on long-term plans and evaluates the recoverability of deferred tax assets related to these investment incentives as of each balance sheet date, based on business models that include taxable profit estimations. It is foreseen that the deferred tax assets in question will be recovered within 5 years from the balance sheet date.

In the sensitivity analysis carried out as of March 31, 2026, when the inputs in the basic macroeconomic and sectoral assumptions that make up the business plans are increased/decreased by 10%, the recovery period of deferred tax assets regarding investment incentives, which is foreseen as 5 years, has not changed.

CCI and its Subsidiaries in Turkey

Litigations against the Group

CCI and subsidiaries in Turkey are involved on an ongoing basis litigations arising in the ordinary course of business as of March 31, 2026 with an amount of TL 60.832 (December 31, 2025 - TL 51.053). As of March 31, 2026, no court decision has been granted yet. Group management does not expect any adverse consequences related with these litigations that would materially affect Group's operation results or financial status or liquidity.

Subsidiaries and joint ventures operating in foreign countries

Litigations against the Group

The Group's subsidiary operating in Uzbekistan, LLC Coca-Cola Bottlers Uzbekistan ("CCBU"), was subjected to a tax inspection. As a result of this inspection, in May 2025, a total amount of approximately UZS 314.5 billion (equivalent to approximately USD 25 million), comprising taxes, penalties and interest in relation to various matters including dividend distributions made in 2023 and 2024, was assessed and accounted in the financial statements in 2025. The assessed amount was paid on January 5, 2026. CCBU has initiated legal proceedings in relation to this matter, and the Group's management expects the outcome of the case to be favorable.

As of March 31, 2026, CCBPL has tax litigations. If the claims are resulted against CCBPL, the tax liability would be TL 120.664 (December 31, 2025 - TL 126.023).

Group management does not expect any adverse consequences related with these litigations that would materially

affect Group's operation results or financial status or liquidity.

1. PROVISIONS, CONTINGENT ASSETS and LIABILITIES (continued) Company (CCI) and Parents Included in the Scope of Consolidation

   As of March 31, 2026, and December 31, 2025 guarantee, pledge and mortgage (GPM) position given for the main partner and the partnerships included in the scope of consolidation is as follows:

   March 31, 2026

   Total TL Equivalent

   Original

   TL

   Amount

   Original USD in Thousands

   Original EUR in Thousands

   Original PKR in Thousands

   Other Foreign Currency TL Equivalent

   1. Total guarantees and pledges given by the Company for its own corporation

   2. Total guarantees and pledges given by the Company for its subsidiaries consolidated for using the full consolidation method

   3. Total guarantees and pledges given by the

   2.620.767 2.123.123 2.345 3.518 162.152 188.577

   14.599.303 - 229.400 - 19.800.000 1.265.877

   Company for other third parties for its ordinary - commercial activities D. Other guarantees, and pledges given -		- -	- -	- -	- -	- -
   i. Total guarantees and pledges given by the -		-	-	-	-	-
   ii. Total guarantees and pledges given by the Group for other group companies which are not -		-	-	-	-	-
   covered in B and C clauses iii. Total guarantees and pledges given by the
   Company for other third parties which are not - covered in the C clause		-	-	-	-	-
   Total guarantees and pledges 17.220.070		2.123.123	231.745	3.518	19.962.152	1.454.454
   Other guarantees and pledges given / Total equity (%) -		-	-	-	-	-
   December 31, 2025
   	Total TL	Original TL	Original USD in	Original EUR in	Original PKR in	Other Foreign Currency TL
   	Equivalent	Amount	Thousands	Thousands	Thousands	Equivalent
   A. Total guarantees and pledges given by the	3.021.834	2.320.073	6.032	3.503	162.152	196.205

   Company for its parent company

   Company for its own corporation

   B. Total guarantees and pledges given by the Company for its subsidiaries consolidated for using the full consolidation method

   C. Total guarantees and pledges given by the

   16.102.624 604.987 229.400 - 19.800.000 1.349.492

   Company for other third parties for its ordinary -commercial activities D. Other guarantees, and pledges given -	- -	- -	- -	- -	- -
   i. Total guarantees and pledges given by the -	-	-	-	-	-
   ii. Total guarantees and pledges given by the
   Group for other group companies which are not -covered in B and C clauses	-	-	-	-	-
   iii. Total guarantees and pledges given by the Company for other third parties which are not -covered in the C clause	-	-	-	-	-
   Total guarantees and pledges 19.124.458	2.925.060	235.432	3.503	19.962.152	1.545.697
   Other guarantees and pledges given / Total equity (%) -	-	-	-	-	-

   Company for its parent company

   Tax and Legal Matters

   Legislation and regulations regarding taxation and foreign currency transactions in most of the territories in which the Group operates out of Turkey continue to evolve. The various legislation and regulations are not always clearly written, and the interpretation related with the implementation of these regulations is subject to the opinions of the local, regional and national tax authorities, the Central Bank and Ministry of Finance. Tax declarations, together with other legal compliance areas are subject to review and investigation by a number of authorities, who are enabled by law to impose significant fines, penalties and interest charges. These facts create tax risks in the territories in which the Group operates substantially more so than typically found in countries with more developed tax systems.

2. COMMITMENTS Murabaha

   CCBPL has signed Murabaha facility agreements with Habib Bank Limited and Standard Chartered Bank ("Banks"). Based on these agreements, the Banks and CCBPL agree that they shall enter into a series of sugar and resin purchase transactions from time to time on the dates and in the amounts to be agreed between them subject to the terms of this agreement. As of March 31, 2026, CCBPL has a commitment to purchase sugar and resin in the amount of 44,4 million USD from the Banks by the end of December 31, 2026, and sugar and resin in the amount of 13,4 million USD by the end of December 31, 2026.

   CCBPL has signed Murabaha facility agreements with Habib Bank Limited and Standard Chartered Bank ("Banks"). Based on these agreements, the Banks and CCBPL agree that they shall enter into a series of sugar and resin purchase transactions. As of December 31, 2025, CCBPL has a commitment to purchase 5,5 million USD of sugar and resin from the Banks by the end of 30 June 2026, and 20 million USD of sugar and resin by the end of 30 September 2026.

3. OTHER ASSETS AND LIABILITIES
   1. Other Current Assets

      	March 31, 2026	December 31, 2025
      VAT receivables	2.074.599	2.684.759
      Other	192.927	465.763
      	2.267.526	3.150.522
      b) Other Current Liabilities
      	March 31, 2026	December 31, 2025
      Put option of share from non-controlling interest	104.775	111.181
      Other	342.243	167.430
      	447.018	278.611

      As of March 31, 2026, the obligation of TL 104.775 results from the put option carried, for the purchase of 12,5% of Turkmenistan CC shares from Day Investment Ltd., with a consideration of USD 2.360 thousand. USD amount is converted with the official USD purchase rate announced by Central Bank of Republic of Turkey and booked under put option of share from non-controlling interest under other current liabilities (December 31, 2025-TL 111.181).

4. EQUITY Share Capital Common shares 1 Kr par value March 31, 2026 December 31, 2025

   Authorized and issued (units) 279.807.860.200 279.807.860.200

   Legal reserves

   The legal reserves consist of first and second legal reserves, appropriated in accordance with the Turkish Commercial Code. The first legal reserve is appropriated out of historical statutory profits at the rate of 5% per annum, until the total reserve reaches 20% of the historical paid-in share capital. The second legal reserve is appropriated after the first legal reserve and dividends, at the rate of 10% per annum of all cash dividend distributions.

   Listed companies distribute dividend in accordance with the communique No. II-19.1 issued by the CMB which is effective from February 1, 2014.

   Companies distribute dividends in accordance with their dividend payment policies settled and dividend payment decision taken in general assembly and also in conformity with relevant legislations. The communique does not constitute a minimum dividend rate. Companies distribute dividend in accordance with the method defined in their dividend policy or articles of incorporation. In addition, dividend can be distributed by fixed or variable instalments and advance can be paid in accordance with profit on financial statements of the Group.

   Inflation adjustment to shareholders' equity can only be netted-off against prior years' losses and used as an internal source for capital increase where extraordinary reserves can be netted-off against prior years' loss and used in the distribution of bonus shares and dividends to shareholders. In case inflation adjustment to issued capital is used as dividend distribution in cash, it is subject to corporation tax.

   As of March 31, 2026, breakdown of the equity in the financial statements of CCI prepared in accordance with the Tax Procedure Law are as follows.

   PPI Indexed

   31 March 2026

   Amounts followed in

   Legal Records CPI Indexed Records

   Accumulated Profit /

   Loss

   Share Capital Adjustment Differences	13.855.899	4.367.482	9.488.417
   Share Premium	-	5.660.345	(5.660.345)
   Restricted Reserves Allocated from Net Profit	2.767.318	5.572.707	(2.805.389)

   Dividends

   As per the consolidated financial statements of our company prepared in accordance with CMB accounting standards, in 2025, our Company recorded a net income of TL 14,072,351,000.00. The Board of Directors resolution to the distribution of gross dividends of TL 4,001,252,400.86, after legal liabilities are deducted from 2025 net income starting from 12 May 2026 was approved at the General Assembly. As per the proposal, the remainder of 2025 net income will be added to the extraordinary reserves.

   Entities which are Türkiye resident taxpayers or entitled to such dividends through a permanent establishment or a permanent representative in Türkiye, will be paid a gross cash dividend of TL 1.4300 (net TL 1.4300) per 100 shares, representing TL 1 nominal value. While other shareholders will receive gross TL 1.4300 (net TL 1.2155) per 100 shares (Full TL).

   No correction coefficient has been applied to the amounts in the above 2 paragraphs and they are shown as published on KAP.

   No privilege is granted to any share group regarding dividend distribution.

5. OTHER INCOME/EXPENSE

As of March 31, 2026, and 2025 foreign exchange gain / (loss) from foreign currency denominated borrowings are as follows:

March 31, 2026 March 31, 2025

Foreign exchange gain / (loss) from foreign currency denominated borrowings, net

(932.139) (2.409.506)

The Group is subject to taxation in accordance with the tax regulations and the legislation effective in the countries in which the Group companies operate. In Turkey, the tax legislation does not permit a parent company and its subsidiaries to file a consolidated tax return. Therefore, provision for taxes, as reflected in the consolidated financial statements, has been calculated on a separate-entity basis.

In Turkey, the corporate tax rate is 25% as of March 31, 2026 (December 31, 2025: 25%). The corporate tax rate is applied to the profit after adding nondeductible expenses, exceptions and discounts accepted by the tax laws.

Different corporate tax rates of foreign subsidiaries are as follows:

For the consolidated financial statements, subsidiaries financial statements have been translated into TL and the "translation differences" arising from such translation have been recorded in equity, under Currency Translation Adjustment. Since it's not planned to sell any subsidiary share, these translation differences will not be reversed in the foreseeable future and not subject to deferred tax calculation in accordance with TAS 12, Income Taxes.

According to the OECD Pillar 2 Rules, if the tax burden of multinational enterprises with worldwide annual consolidated revenues exceeding EUR 750 million equivalent to Turkish Lira falls below 15%, a top-up tax may be levied. Considering the OECD's Pillar 2 Model Rules, it is assessed that the Pillar 2 Model Rules will not have a significant impact on financials. In addition, the Group has applied the exception from recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two Income Taxes.

The list of temporary differences and the resulting deferred tax liabilities, as of March 31, 2026, and December 31, 2025 using the prevailing effective statutory tax rate is as follows:

March 31, 2026 December 31, 2025

Employee termination, other employee benefits and other

payable accruals

667.887 169.315 554.143 143.438

The expiration dates of carryforward tax losses for which no deferred taxes are calculated as follows;

March 31, 2026 December 31, 2025

As of March 31, 2026, and 2025, the movement of net deferred tax liability is as follows: