Convenience Translation Into English Of Condensed Consolidated Financial Statements For The Interim Period 1 January - 31 March 2025

NOTE 1 - ORGANISATION AND OPERATIONS OF THE GROUP 7

NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS 8

NOTE 3 - BUSINESS COMBINATIONS 16

NOTE 3 - BUSINESS COMBINATIONS (Continued) 17

NOTE 4 - SEGMENT REPORTING 18

NOTE 5 - CASH AND CASH EQUIVALENTS 21

NOTE 6 - BALANCES WITH THE CENTRAL BANK OF THE REPUBLIC TURKEY 22

NOTE 7 - FINANCIAL ASSETS 22

NOTE 8 - OTHER RECEIVABLES AND PAYABLES 24

NOTE 9 - RECEIVABLES FROM FINANCE SECTOR OPERATIONS 25

NOTE 10 - DERIVATIVES 27

NOTE 11 - PREPAID EXPENSES AND DEFERRED INCOME 28

NOTE 12 - INVESTMENTS ACCOUNTED THROUGH EQUITY METHOD 28

NOTE 13 - PROPERTY, PLANT AND EQUIPMENT 30

NOTE 14 - INTANGIBLE ASSETS 32

NOTE 15 - RIGHT OF USE ASSETS 34

NOTE 16 - GOODWILL 35

NOTE 17 - FINANCIAL LIABILITIES 35

NOTE 18 - LIABILITIES FROM LEASING TRANSACTIONS 37

NOTE 19 - PAYABLES FROM FINANCE SECTOR OPERATIONS 38

NOTE 20 - TAX ASSETS AND LIABILITIES 39

NOTE 21 - PROVISIONS, CONTINGENT ASSETS AND LIABILITIES 43

NOTE 22 - OTHER ASSETS AND LIABILITIES 43

NOTE 23 - ASSETS AND LIABILITIES CLASSIFIED AS HELD FOR SALE AND DISCONTINUED OPERATION .44 NOTE 24 - EQUITY 44

NOTE 25 - REVENUE AND COST OF SALES 46

NOTE 26 - OTHER INCOME AND EXPENSES FROM OPERATING ACTIVITIES 47

NOTE 27 - INCOME AND EXPENSES FROM INVESTING ACTIVITIES 47

NOTE 28 - FINANCE INCOME/EXPENSES 48

NOTE 29 - RELATED PARTY DISCLOSURES 49

NOTE 30 - COMMITMENTS 50

NOTE 31 - EXPLANATIONS REGARDING NET MONETARY POSITION GAINS/(LOSSES) 56

NOTE 32 - EARNINGS PER SHARE 56

NOTE 33 - NATURE AND LEVEL OF RISKS DERIVED FROM FINANCIAL INSTRUMENTS 57

NOTE 34 - EVENTS AFTER THE REPORTING PERIOD 61

These consolidated financial statements have been approved for issue by the Board of Directors on 7 May 2025. General Assembly has the right to change these condensed consolidated financial statements.

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

1

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

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

Fair value gains/(losses) from financial assets through other

Other comprehensive income/(expense) shares of

investments accounted by equity method, after tax (187.683) 638.829

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

(Amounts on tables expressed in thousands of Turkish Lira ("TL") in terms of purchasing power of the TL on 31 March 2025 unless otherwise indicated.)

Items not to be

reclassified to

Items to be

reclassified to

Retained earnings

(*) As a result of the merger transaction completed with the registration dated January 15, 2024, the financial assets of Exsa along with 50% of shares in Temsa Skoda Sabancı Ulaşım Araçları A.Ş., 100% of shares in Temsa Motorlu Araçlar Pazarlama ve Dağıtım A.Ş. and 100% of shares in Exsa Gayrimenkul Proje Geliştirme A.Ş. have been transferred to Grup's possession. As a result of the merger, a capital increase of TRY 59.972 nominal value has been made by Sabancı Holding, and the respective shares issued will be allocated to the other shareholders of Exsa except for Sabancı Holding upon completion of the necessary legal procedures before the Capital Markets Board.

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

Note References

Unaudited Current Period 1 January -

31 March 2025

Audited Prior Period 1 January -

31 March 2024

Net income from continuning operations (4.467.591) (14.760.709)

Net income from discontinued operations (68) -

Adjustments to reconcile income before taxation to net cash provided by operation activities:

(*) Cash and cash equivalents at the end of the period comprise interest accruals of TRY 43.613 (31 March 2024: TRY 89.048). At the beginning and at the end of the current period, restricted deposit is TRY 13.745.910 and TRY 15.559.546, respectively (31 March 2024: TRY 16.047.957 and TRY 12.915.005 respectively).

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

6

Hacı Ömer Sabancı Holding A.Ş. (the "Holding") was established in 1967 to coordinate and perform liaison services regarding the activities of companies operating in various fields including mainly finance, manufacturing and trade. The Holding is registered in Turkey. The number of employees as of 31 March 2025 is 64.519 (31 December 2024: 64.705). Holding's registered address is as follows:

Sabancı Center, 4. Levent, İstanbul, Türkiye.

The Holding is registered with the Capital Markets Board ("CMB") and its shares have been quoted on Borsa Istanbul ("BIST") (previously known as the Istanbul Stock Exchange ("ISE")) since 1997. As of 31 March 2025, the principal shareholders and their respective shareholding rates in the Holding are as follows (Note 24):

The Holding, its subsidiaries, associates and joint ventures are together referred as the "Group". The Holding is managed by Sabancı Family.

Güler Sabancı, who served as the Chairperson of the Board of Directors of Hacı Ömer Sabancı Holding A.Ş., stepped down from her position and left the Board of Directors following the Ordinary General Assembly Meeting (the "General Assembly") held on 27 March 2025. Hayri Çulhacı, who has been serving as a member of the Board of Directors, has been appointed as the Chairperson of the Board of Directors and Executive Member.

As of 31 March 2025, the type of activity of subsidiaries and their respective business segments in these condensed consolidated financial statements for the interim period are as follows:

Trade Stock

Number of

Registered

Subsidiaries

Market Type of Activity Business Segment Employees

Country

For the purposes of segment information, Holding's stand-alone financial statements have been included within the "Other" business segment in Note 4.

As of 31 March 2025, the nature of business and operating segments of the Joint Ventures which are accounted through equity method in the consolidated financial statements are as follows:

Trade

Stock Type of Business Number of

Joint Ventures Market Activity Segment Ventures Employees

Akçansa Çimento Sanayi ve Ticaret A.Ş. Heidelberg

The Joint Ventures have been established in Türkiye.

The accounting policies adopted in preparation of the consolidated financial statements as of March 31, 2024 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, 2024 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, 2024, are as follows:

   Amendments to TAS 21 Lack of Exchangeability

   Amendments to TAS 21 Lack of Exchangeability

   The amendments contain guidance to specify when a currency is exchangeable and how to determine the exchange rate when it is not. Amendments are effective from annual reporting periods beginning on or after 1 January 2025.

   The Group evaluates the effects of these standards, amendments and improvements on the consolidated financial statements.

   These changes did not have a significant impact on the financial position and performance of the Group.

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

TFRS 17 Insurance Contracts

Amendments to TFRS 17 Initial Application of TFRS 17 and TFRS 9 - Comparative Information

1. The consolidated financial statements include the accounts of the parent company, Hacı Ömer Sabancı Holding A.Ş., its Subsidiaries and Joint Ventures (collectively referred to as the "Group") on the basis set out in sections (b) to (e) below. The financial statements of the companies included in the scope of consolidation have been prepared at the date of the consolidated financial statements, and are prepared in accordance with Turkish Financial Reporting Standards as explained in Note 2.1.1. The result of operations of Subsidiaries, Joint Ventures and Associates are included or excluded in these consolidated financial statements subsequent to the date of acquisition or date of sale respectively.

2. Subsidiaries are companies in which the Holding has direct or indirect control. The Group control subsidiaries when it is exposed to variable returns from its involvement with an entity, or if the has a right to the returns, but also has the ability to influence these returns through its power over the company.

3. Changes in the Group's ownership interests in subsidiaries that do not result in the Group losing control over the subsidiaries are accounted for as equity transactions. The carrying amounts of the Group's interests and the non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiaries. Any difference between the amount by which the non-controlling interests are adjusted and the fair value of the consideration paid or received is recognized directly in equity and attributed to owners of the Company.

4. When the Group loses control of a subsidiary, a gain or loss is recognized in profit or loss and is calculated as the difference between (i) the aggregate of the fair value of the consideration received and the fair value of any retained interest and (ii) the previous carrying amount of the assets (including goodwill), and liabilities of the subsidiary and any non-controlling interests. All amounts previously recognized in other comprehensive income in relation to that subsidiary are accounted for as if the Group had directly disposed of the related assets or liabilities of the subsidiary (i.e. reclassified to profit or loss or transferred to another category of equity as specified/permitted by applicable TFRS). The fair value of any investment retained in the former subsidiary at the date when control is lost is regarded as the fair value on initial recognition for subsequent accounting under TFRS 9 Financial Instruments, when applicable, the cost on initial recognition of an investment in an associate or a joint venture.

   The companies which Holding has less that 50% shares are considered as subsidiaries since Holding exercises a dominant influence and power to govern the financial and operating policies through exercise of voting power related to shares held by Holding together with voting power which Holding effectively exercises related to shares held by Sabancı family members. Sabancı family members allow Holding to exercise voting power in respect of shares held in these companies. In the accompanying consolidated financial statements the shares held by Sabancı family members are presented as non-controlling interest.

   NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Continued)
   1. Summary of Significant Accounting Policies (Continued)

      1. Basis of Consolidation(Continued)

   The table below sets out all consolidated Subsidiaries and shows the proportion of ownership interest and the effective interest of the Holding in these subsidiaries at 31 March 2025 and 31 December 2024:

   31 March 2025 31 December 2024 Direct and Direct and

   indirect ownership interest by the

   indirect ownership interest by the

   	Holding and its subsidiaries	Proportion of ownership Interest	Holding and its subsidiaries	Proportion of ownership Interest
   Subsidiaries	(%)	(%)	(%)	(%)
   Agesa	40,37	40,37	40,36	40,36
   Akbank	40,75	40,75	40,75	40,75
   Aksigorta	36,00	36,00	36,00	36,00
   Carrefoursa	57,12	57,12	57,12	57,12
   Cimsa Building Solutions B.V.	100,00	71,38	100,00	71,38
   Çimsa	63,52	58,10	63,52	58,10
   Dx BV	100,00	100,00	100,00	100,00
   Kordsa	71,11	71,11	71,11	71,11
   Teknosa	50,00	50,00	50,00	50,00
   Tursa	100,00	100,00	100,00	100,00
   SabancıDX	100,00	100,00	100,00	100,00
   Sabancı İklim Teknolojileri	100,00	100,00	100,00	100,00
   Temsa Motorlu Araçlar	100,00	100,00	100,00	100,00

   The balance sheets and statements of profıt or loss of the Subsidiaries are consolidated on a line-by-line basis and the carrying value of the shares held by the Holding and its Subsidiaries is deducted from the related shareholders' equity. Intercompany transactions and balances between the Holding and its Subsidiaries are eliminated in consolidation. The cost of financing the shares in Subsidiaries held by the Holding and its Subsidiaries and the dividends pertaining to these shares are deducted from equity and income for the period, respectively.

   The Subsidiaries are included into or excluded from the scope of consolidation subsequent to the date of transmission of the control to the Group. The shares of non-controlling shareholders in the net assets and operating results of Subsidiaries are presented in the consolidated balance sheet and profit or loss table as non-controlling interests. Sabancı Family, "Sabancı Foundation" and a retirement fund for Akbank employees called "Akbank Retirement Fund" established both by Sabancı Family, have a share in the capitals of some subsidiaries and affiliates which are accounted in the consolidated financial statements. This share is considered as non-controlling share in the consolidated financial statements and it is not included in the current period profit.

   NOTE 2 - BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS (Continued)
   1. Summary of Significant Accounting Policies (Continued)

      1. Basis of Consolidation(Continued)

5. Joint venture - Holding and its subsidiaries have rights on net assets relating to operations subject to a joint arrangement, such net assets are accounted through equity method in the consolidated financial statements.

According to the equity method, the joint venture investment is initially recognized at its acquisition cost. After the acquisition date, the investor's share in the profit or loss of the investee is reflected in the financial statements by increasing or decreasing the book value of the investment. The investor's share of the profit or loss of the investee is recognized as the investor's profit or loss. Distributions (dividends, etc.) received from an investee reduce the book value of the investment. The book value of the investee must be adjusted in proportion to the investor's share of the changes in the other comprehensive income of the enterprise. In the event that there are transactions that are not reflected in the profit or loss statement or other comprehensive income statement of the investee but create a change in its equity, the Group recognizes the value of the investment in equity in the amount corresponding to its share of the relevant change.

The table below sets out the Joint Ventures and shows the proportion of ownership interest and effective interest of the Holding in these Joint Ventures at 31 March 2025 and 31 December 2024:

31 March 2025 31 December 2024

Investments in Joint Ventures were consolidated by equity method. Sabancı family members do not have any interest in the share capital of the Joint Ventures.

When preparing the consolidated financial statements according to Turkish Financial Reporting Standards, Group management must make some assumptions and estimations which identify the amount of income and expenses as of the reporting period, which identify liabilities and commitments likely to occur as of the balance sheet date and which may affect the amount of assets and liabilities which are reported. These estimations and assumptions may differ from actual results even though they are based on the best knowledge of Group management regarding current events and transactions. Estimations are reviewed regularly, and necessary adjustments are made and reflected on the statement of income for the relevant period. If changes in accounting estimations are related to one period only, they are reflected in the financial statements in the current period of the change. If they are related to future periods, they are reflected in the financial statements prospectively, both in the period of the change and in the future period, and are considered when defining the net period profit or loss.

1. Sabancı DxBV and ICT Bulut Bilişim A.Ş. (Bulutistan), all shares representing 65% of Bulutistan capital were acquired by DxBV for a price USD 39.000 on 23 August 2024.

   Additionally, representing 10,5% of total shares in Bulutistan are held by Sabancı Holding Özel Girişim Sermayesi Yatırım Fonu (Corporate Venture Capital Fund of Sabancı Holding, "Sabancı Ventures").

   Bulutistan will be consolidated in the financial reports of Sabancı Holding as total effective ownership interest in Bulutistan will be at 75,5% held indirectly through DxBV and Sabancı Ventures, upon this acquisition.

   In this scope, the fair values of the identifiable assets, liabilities, and conditional liabilities of relevant companies of the reporting period amounts were reflected in the financial statements prepared in accordance with IFRS.

   As per the TFRS 3 standard, the measuring period was defined to be a maximum of one year as of the date of

   purchase, and if added information arises following the completion of liabilities may be recognized.	the	report,	additional assets and
   Purchase price and recorded assets and liabilities on the date of purchase:			Bulutistan
   Cash and cash equivalents			53.945
   Trade receivables			159.634
   Other current assets			30.611
   Property, plant and equipment			180.961
   Intangible assets			1.152.510
   Other non-current assets			407.747
   Financial borrowings			(111.973)
   Financial lease liabilities			(233.376)
   Deferred tax assets/(liabilities),net			(294.318)
   Other liabilities			(144.370)
   Total net identifiable assets (100%)			1.201.371
   Corresponding to 75,5%of the purchased			907.035
   Transfers(*)			245.483
   Goodwill			799.474
   Ownership rate			%75,5
   Non-controlling interest			294.336
   Cash outflow due to acquisitions			1.461.026
   Cash and cash equivalents - acquired			(53.945)
   Cash outflow arising from acquisition (net)			1.407.081

   (*) This relates to the transfer of the fair value of Bulutistan shares previously acquired by Sabancı Holding Venture Capital Investment Fund to the purchase price allocation after the acquisition. As a result of the acquisition, the portion of the fair value of the acquired identifiable assets, liabilities, and contingent liabilities exceeding the purchase price, amounting to TRY 799.474, has been recorded as goodwill in the accompanying consolidated financial statements.

   ‌NOTE 3 - BUSINESS COMBINATIONS (Continued) The business combinations between the period 1 January and 31 March 2025 are as follows (continued)

2. With the closing transaction on 1 October 2024, effective as of 1 October 2024, the Group acquired 94.7% of the issued share capital of Mannok Holdings Designated Activity Company (Mannok), thereby obtaining control over Mannok, which qualifies as a business as defined under IFRS 3 Business Combinations Standard.

   As part of the Group's strategy to expand in the global building materials market, the acquisition of Mannok- an Ireland-based company engaged in the production and sale of cement, cement-based products (such as tiles, precast, and aerated concrete), insulation materials, and recycled plastic packaging-aims to diversify the geographies and industries in which the Group operates, while also increasing the share of foreign currency-based revenues in total revenue.

   In this scope, the fair values of the identifiable assets, liabilities, and conditional liabilities of relevant companies of the reporting period amounts were reflected in the financial statements prepared in accordance with IFRS.

   As per the TFRS 3 standard, the measuring period was defined to be a maximum of one year as of the date of

   purchase, and if added information arises following the completion of liabilities may be recognized. Purchase price and recorded assets and liabilities on the date of purchase:	the	report,	additional assets and
   Cash and cash equivalents			Mannok 379.453
   Inventories			1.977.292
   Trade and other receivables			2.510.315
   Property, plant and equipment			5.865.383
   Intangible assets			7.156.698
   Financial borrowings			(2.230.279)
   Deferred tax assets/(liabilities),net			(906.207)
   Trade payables and other payables			(2.060.626)
   Other liabilities			(2.511.604)
   Total net identifiable assets (100%)			10.180.425
   Corresponding to 75,5%of the purchased			9.645.337
   Goodwill			902.677
   Ownership rate			%94,7
   Non-controlling interest			535.088
   Cash outflow due to acquisitions			10.548.014
   Cash and cash equivalents - acquired			(379.453)
   Cash outflow arising from acquisition (net)			10.168.561

   The excess amount of TRY 902.677, which exceeds the purchase consideration over the fair value of the identifiable assets acquired, liabilities assumed and contingent liabilities as a result of the acquisition, has been recognized as goodwill in the accompanying consolidated financial statements.

   The business combinations between the period 1 January and 31 March 2024 are as follows:

   There is no business combination.

   ‌NOTE 4 - SEGMENT REPORTING

   The Group, in line with its strategic priorities to focus on expanding core businesses and investing in new growth platforms; a decision has been made to restructure the Industrials and the Building Materials strategic business units as the Material Technologies and the Mobility Solutions to further strengthen our focus in material technologies and in mobility solutions. By this restructuring, the activities of Akçansa, Çimsa and Kordsa companies began to be monitored in the Material Technologies segment; and the activities of Brisa, Temsa Ulaşım and Temsa Motorlu Araçlar companies began to be monitored in the Mobility Solutions segment. The segment data for January 1 - March 31, 2024 has been rearranged to include the changes in the January 1 - March 31, 2025 period.

   The financial information of the Joint Ventures has been included in the segment results, prepared within the framework of the Group's managerial approach, by full consolidation method (as 100%). The segment reporting information prepared in conformity with this approach is defined as "combined financial information" .

   1 January - 31 March 2025	Banking	Financial Services	Energy	Mobilility Solutions	Material Tecnologies	Digital	Other	Total
   Combined revenue	187.606.041	16.136.559	62.608.909	13.183.075	22.400.175	18.051.918	24.636.693	344.623.370
   Combined gross profit	46.602.064	(1.067.783)	13.605.603	2.801.636	2.647.537	2.291.745	11.663.152	78.543.954
   Operating expenses Other operating	(27.957.430)	(2.487.371)	(5.679.260)	(2.178.105)	(2.367.086)	(2.433.911)	(5.186.277)	(48.289.440)
   income/(expenses) (net)	744.239	4.083.884	268.865	149.039	115.302	(13.702)	(173.344)	5.174.283
   Exchange gains/(losses) and credit finance
   income/(charges) from operating activities (net)	-	351.201	1.276.551	388.814	255.434	(722.672)	(962.087)	587.241
   Profit of joint ventures income	-	-	(14.308)	-	-	-	-	(14.308)
   Combined operating profit	19.388.873	879.931	9.457.451	1.161.384	651.187	(878.540)	5.341.444	36.001.730
   Gains/(losses) from
   investment activities (net)	13.598	672.986	2.133	31.142	202.341	(4.640)	1.268.811	2.186.371
   Financial income/expenses (net)	-	(102.732)	(8.152.546)	(1.290.263)	(707.176)	(966.536)	(1.393.944)	(12.613.197)
   Monetary gain/(loss)	(15.267.129)	(1.578.497)	2.045.824	175.106	775.869	1.209.425	427.940	(12.211.462)
   Combined profit/(loss) before tax	4.135.342	(128.312)	3.352.862	77.369	922.221	(640.291)	5.644.251	13.363.442
   Tax income/(expense) (net)	(5.644.947)	(221.610)	(4.100.768)	(382.541)	(574.728)	156.279	5.231	(10.763.084)
   Profit after tax from
   discontinued operations	-	-	-	-	(68)	-	-	(68)
   Combined net profit/(loss) for the period	(1.509.605)	(349.922)	(747.906)	(305.172)	347.425	(484.012)	5.649.482	2.600.290
   Net profit/(loss) for the period (*)	(614.243)	(100.159)	(288.740)	(134.580)	88.713	(261.121)	(1.629.645)	(2.939.775)
   		Financial		Mobilility	Material
   1 January - 31 March 2024	Banking	Services	Energy	Solutions	Tecnologies	Digital	Other	Total
   Combined revenue	166.718.718	18.309.187	61.575.259	15.486.558	24.573.651	21.038.975	22.333.204	330.035.552
   Combined gross profit	54.607.689	(1.088.279)	14.282.336	4.162.603	3.341.681	2.367.909	9.417.880	87.091.819
   Operating expenses	(28.989.917)	(2.757.395)	(5.329.765)	(2.262.535)	(2.206.080)	(2.498.830)	(4.916.401)	(48.960.923)
   Other operating
   income/(expenses) (net)	1.696.117	3.134.589	(1.026.499)	44.002	24.736	(8.924)	(169.184)	3.694.837
   Exchange gains/(losses) and credit finance
   income/(charges) from operating activities (net)	-	332.858	591.944	(253.259)	8.448	(1.018.717)	(864.466)	(1.203.192)
   Combined operating profit	27.313.889	(378.227)	8.518.016	1.690.811	1.168.785	(1.158.562)	3.467.829	40.622.541
   Gains/(losses) from investment activities (net)	6.599	552.092	2.770	187.505	22.875	68.038	1.576.926	2.416.805
   Financial income/expenses (net)	-	(115.255)	(6.360.812)	(860.080)	(663.791)	(1.182.072)	(873.674)	(10.055.684)
   Monetary gain/(loss)	(31.331.683)	(1.336.495)	1.493.402	379.370	85.578	1.820.885	(39.409)	(28.928.352)
   Combined profit/(loss) before tax	(4.011.195)	(1.277.885)	3.653.376	1.397.606	613.447	(451.711)	4.131.672	4.055.310
   Tax income/(expense) (net)	(7.196.852)	196.971	(5.419.083)	(234.796)	(274.674)	46.752	(702.768)	(13.584.450)
   Profit after tax from
   discontinued operations	-	-	-	-	-	-	-	-
   Combined net profit/(loss) for the period	(11.208.047)	(1.080.914)	(1.765.707)	1.162.810	338.773	(404.959)	3.428.904	(9.529.140)
   Net profit/(loss) for the period (*)	(4.567.280)	(415.554)	(525.307)	469.324	158.090	(306.540)	(2.223.616)	(7.410.883)

   (*) Represents consolidated net profit attributable to the equity holders of the parent.

   (**) Combined figures in segment reporting represent amounts after subconsolidation of the Group's subsidiaries.

   NOTE 4 - SEGMENT REPORTING (Continued)

   1. Revenue 1 January - 1 January -

      31 March 2025 31 March 2024
      Banking	187.606.041	166.718.718
      Financial Services	16.136.559	18.309.187
      Energy	62.608.909	61.575.259
      Mobilility Solutions	13.183.075	15.486.558
      Material Tecnologies	22.400.175	24.573.651
      Digital	18.051.918	21.038.975
      Other	24.636.693	22.333.204
      Combined	344.623.370	330.035.552
      Less: Joint Ventures	(79.915.768)	(82.953.773)
      Less: Consolidation eliminations and adjustments	(14.092.407)	(9.864.159)
      Consolidated	250.615.195	237.217.620
      b) Operating profit
      	1 January -	1 January -
      31 March 2025 31 March 2024
      Banking	19.388.873	27.313.889
      Financial Services	879.931	(378.227)
      Energy	9.457.451	8.518.016
      Mobilility Solutions	1.161.384	1.690.811
      Material Tecnologies	651.187	1.168.785
      Digital	(878.540)	(1.158.562)
      Other	5.341.444	3.467.829
      Combined	36.001.730	40.622.541
      Less: Joint Ventures	(10.517.326)	(10.391.290)
      Less: Consolidation eliminations and adjustments	(6.650.808)	(4.468.731)
      Add: Net profit shares of Joint Ventures and associates	(499.151)	128.609
      Consolidated	18.334.445	25.891.129
      c) Depreciation and amortisation
      	1 January -	1 January -
      31 March 2025 31 March 2024
      Banking	2.277.281	2.370.991
      Financial Services	730.850	692.613
      Energy	3.383.012	3.270.775
      Mobilility Solutions	834.106	787.201
      Material Tecnologies	1.501.594	1.322.196
      Digital	547.941	441.120
      Other	1.108.120	1.065.214
      Combined	10.382.904	9.950.110
      Less: Joint Ventures	(4.482.782)	(4.374.857)
      Consolidated	5.900.122	5.575.253

      NOTE 4 - SEGMENT REPORTING (Continued)

      d) Profit before tax

      1 January - 1 January -

      31 March 2025 31 March 2024
      Banking	4.135.342	(4.011.195)
      Financial Services	(128.312)	(1.277.885)
      Energy	3.352.862	3.653.376
      Mobilility Solutions	77.369	1.397.606
      Material Tecnologies	922.221	613.447
      Digital	(640.291)	(451.711)
      Other	5.644.251	4.131.672
      Combined	13.363.442	4.055.310
      Less: Joint Ventures	(3.383.042)	(5.355.368)
      Less: Consolidation eliminations and adjustments	(7.773.356)	(5.759.053)
      Add: Net profit shares of Joint Ventures and associates	(499.151)	128.609
      Consolidated	1.707.893	(6.930.502)
      e) Net profit for the period
      	1 January -	1 January -
      31 March 2025 31 March 2024
      Banking	(1.509.605)	(11.208.047)
      Financial Services	(349.922)	(1.080.914)
      Energy	(747.906)	(1.765.707)
      Mobilility Solutions	(305.172)	1.162.810
      Material Tecnologies	347.425	338.773
      Digital	(484.012)	(404.959)
      Other	5.649.482	3.428.904
      Combined	2.600.290	(9.529.140)
      Less: Joint Ventures	1.204.558	398.875
      Add: Net profit shares of Joint Ventures and associates	(499.151)	128.609
      Less: Consolidation eliminations and adjustments	(7.773.356)	(5.759.053)
      Less: Non-controlling interests	1.527.884	7.349.826
      Consolidated (attributable to the equity holders of the parent)	(2.939.775)	(7.410.883)
      f) Capital expenditures
      	1 January -	1 January -
      31 March 2025 31 March 2024
      Banking	2.527.806	2.790.665
      Financial Services	743.960	280.692
      Energy	10.825.693	13.302.645
      Mobilility Solutions	1.024.498	1.147.236
      Material Tecnologies	1.619.254	1.393.188
      Digital	276.409	230.291
      Other	448.980	310.148
      Combined	17.466.600	19.454.865
      Less: Joint Ventures	(11.616.495)	(13.194.671)
      Consolidated	5.850.105	6.260.194

      NOTE 4 - SEGMENT REPORTING (Continued) g) Total assets

      31 March 2025 31 December 2024

      Banking	2.863.662.071	2.928.422.506
      Financial Services	127.482.003	125.426.690
      Energy	405.843.279	402.721.683
      Mobilility Solutions	63.247.679	64.494.863
      Material Tecnologies	155.612.963	164.668.917
      Digital	23.558.974	26.787.956
      Other	357.296.273	348.906.164
      Combined	3.996.703.242	4.061.428.779
      Less: Joint Ventures	(467.564.311)	(467.030.112)
      Less: Consolidation eliminations and adjustments	(342.326.334)	(333.095.068)
      Add: Net profit shares of Joint Ventures and associates	116.515.922	121.679.648
      Consolidated	3.303.328.519	3.382.983.247

      ‌NOTE 5 - CASH AND CASH EQUIVALENTS

      The detail of cash and cash equivalents at 31 March 2025 and 31 December 2024 are as follows:

      31 March 2025 Financial Non-financial			Total	31 December 2024 Financial Non-financial		Total
      Cash	24.350.660	314.066	24.664.726	24.992.478	159.664	25.152.142
      Bank Time deposit	48.191.207	10.404.562	58.595.769	20.048.585	13.402.072	33.450.657
      Demand deposit	78.980.962	5.207.452	84.188.414	36.101.886	6.401.611	42.503.497
      Receivables from reserve repo	2.021.853	-	2.021.853	1.503.540	-	1.503.540
      Other cash and cash equivalents (*)	-	13.394.632	13.394.632	-	20.417.245	20.417.245
      Total	153.544.682	29.320.712	182.865.394	82.646.489	40.380.592	123.027.081

      (*) Other cash and cash equivalents include an amount of TRY 9.512.017 consisting of free liquid funds (31 December 2024: TRY 18.153.152)

      Effective interest rates of USD, EUR and TRY denominated time deposits are 4,33% (31 December 2024: 5,06%), 2,37% (31 December 2024: 2,86%) and 45,71% (31 December 2024: 46,05%)

      respectively.

      The maturity analysis as of 31 March 2025 and 31 December 2024 are as follows:

      	31 March 2025	31 December 2024
      Demand deposit	122.247.772	88.072.884
      Up to 3 months	60.617.622	34.954.197
      Total	182.865.394	123.027.081

      As of 31 March 2025, total amount of the restriction on the cash and cash equivalents, payment accounts related to floating interest rate bond issue, time and demand deposits in the banks is TRY 15.559.546 (31 December 2024: TRY 13.745.910).

      ‌NOTE 6 - BALANCES WITH THE CENTRAL BANK OF THE REPUBLIC TURKEY

      The detail of balances with the Central Bank of the Republic Turkey at 31 March 2025 and 31 December 2024 are as follows:

      	31 March 2025	31 December 2024
      Required Reserves	414.319.917	477.495.850
      Free Deposits	7.559.222	3.396
      Total	421.879.139	477.499.246
      ‌NOTE 7 - FINANCIAL ASSETS
      a) Financial assets at fair value through profit and loss

      The detail of financial assets at fair value through profit and loss is as follows:

      31 March 2025 31 December 2024

      	Banking	Other Companies	Total		Banking	Other Companies	Total
      Share certificates	5.757.626	-	5.757.626		7.025.858	-	7.025.858
      Government bonds	10.262.788	219.543	10.482.331		2.452.340	218.143	2.670.483
      Eurobonds	983.469	-	983.469		1.468.566	-	1.468.566
      Investment funds	17.538.420	7.838.335	25.376.755		17.122.915	8.984.180	26.107.095
      Other (*)	3.389.007	-	3.389.007		4.110.140	4.464	4.114.604
      Total	37.931.310	8.057.878	45.989.188		32.179.819	9.206.787	41.386.606

      Effective interest rates of TRY are as follow:

      31 March 2025 31 December 2024

      TRY 35,02% 39,84%

      The Group does not have any financial assets measured at fair value through profit or loss given as collateral due to its activities in the finance sector (31 December 2024:None).

   2. Financial assets measured at fair value through other comprehensive income

31 March 2025 31 December 2024

Financial assets at fair value through other

comprehensive income 421.334.590 13.797.841 435.132.431 422.962.385 13.545.560 436.507.945

1. Financial assets measured at fair value through other comprehensive income

   Effective interest rates of USD, EUR, JPY and TRY denominated debt securities are 6,05% (31 December 2024: 5,84%), 3,12% (31 December 2024: 3,24%), 3,09% (31 December 2024: 3,09%) and 34,43% (31

   December 2024: 38,27%), respectively.

   The Group's financial assets measured through other comprehensive income subject to funds provided from repo are TRY 251.739.190 (31 December 2024: TRY 270.601.008). Financial assets through other comprehensive income that are given as collateral because of the Group's financing activities are amounting to TRY 22.359.528 (31 December 2024: TRY 26.313.952).

   There are bonds index-linked to consumer prices ("CPI") in the securities portfolio of Akbank for which the fair value difference is reflected to other comprehensive income and which are measured by amortized cost. These securities are valued and recognised using the effective interest method and are based on the index calculated using real coupon rates, the reference inflation index on the date of issuance and reel inflation rates. Reference indexes used to calculate the actual coupon payment amounts of the securities are created based on CPIsfrom two months prior.

2. Financial Assets measured at Amortised Cost:

The details of financial investments measured at their amortized cost are presented below:

31 March 2025 31 December 2024

The breakdown of financial assets measured at amortised cost is listed below:

31 March 2025 31 March 2024

Effective interest rate of debt securities in USD and TRY are 5,39% and 24,90% (31 December 2024: Effective interest rate of debt securities in USD and TRY are 5,87% and 36,06%).

(*) Other payables mainly consist of the collaterals obtained by Akbank for derivative transactions.

The above table includes the bank's live and non-performing total loans, and the loan risk reserve is separated as a result of the bank assessment considering all credit risk.

Effective interest rates of loans and advances to customers in US Dollars, Euros and Turkish Lira are annually 7,49% (31 December 2024: 7,80%), 6,27% (31 December 2024: 6,41%) and 46,41% (31 December

2024: 47,52%) respectively.

As of 31 March 2025, the movement table of credit risk provision of banking industry segment by asset classes is as follows:

As of 31 December 2024, the movement table of credit risk provision of banking industry segment by asset classes is as follows:

The maturity analysis of loans and advances to customers as of 31 March 2025 and 31 December 2024 is presented below:

Fair Value

Fair Value

Akbank hedge against cash flow risk through the use of interest rate swaps against the cash flow risk arising from its financial debts.

Book value of Associates and Joint Ventures is as follows: