Interim report
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. For the Period 1 January – 30 September 2026 Condensed Board of Directors’ Activity Report
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 1 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 A - GENERAL INFORMATION 1. Period of the Report 1 January – 30 September 2026 2. Information About the Association - Title: EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. - Trade Registry Number: 863637 - Address: Barbaros Mah. Ardıç Sok. No: 6 Ataşehir/İSTANBUL - Website: www.erdemir.com.tr 3. Shareholding and Capital Structure Authorized Capital : TRY 7.000.000 thousand Paid-in Capital : TRY 7.000.000 thousand Shareholders Shares (Thousand TRY) % ATAER Holding A.Ş. 3.467.965 49,54 Publicly Held 3.253.911 46,49 Erdemir’s Own Shares 278.124 3,97 Total 7.000.000 100,00 4. Board of Directors, Executive Management and Number of Personnel According to the Turkish Commercial Code and related regulations, the election of the Member of Board of Directors is carried out by the General Assembly within the framework of the Articles of Association. Should there be a vacant position in the Board of Directors Membership within the respective period; an election is held for the vacant positions according to the provisions of Turkish Commercial Code and Company’s Articles of Association and submitted to the next general assembly to be approved. The Company’s 2025 Ordinary General Assembly has been convened on March 26, 2026. Within the framework of the provisions of the Turkish Commercial Code and the Capital Market Law, pursuant to Articles 10th and 11th of the Company's Articles of Association, at the Ordinary General Assembly Meeting held on March 2 6, 202 6, the membership number of Board of Directors has been determined as 9 and 6 Board Members were elected to serve for 3 years period and 3 Independent Board Members were elected to serve for 1 year period.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 2 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 The active members of the Board of Directors as of reporting period: Board of Directors Title Effective from OYTAŞ İç ve Dış Ticaret A.Ş. (Represented by: Murat YALÇINTAŞ) Chairman 27.05.2013 (*) Ömer Cihad VARDAN Deputy Chairman and Independent Board Member 26.03.2026 OYKA Kağıt Ambalaj Sanayii ve Ticaret A.Ş. (Represented by: İsmail DOĞAN) Board Member and Executive Director 12.09.2012 (*) OMSAN Lojistik A.Ş. (Represented by: Tolga SAYGUN) Board Member and Executive Director 11.09.2012 (*) OYAK Pazarlama Hizmet ve Turizm A.Ş. (Represented by: Melikşah UTKU) Board Member 13.09.2012 (*) Republic of Türkiye Ministry of Treasury and Finance Privatization Administration (Represented by: Bekir Emre HAYKIR) Board Member 20.09.2012 (*) OYAK Denizcilik ve Liman İşletmeleri A.Ş. (Represented by: Ahmet Raci YALÇIN) Board Member 12.09.2012 (*) Hasan MANDAL Independent Board Member 26.03.2026 Saime Gonca ARTUNKAL Independent Board Member 26.03.2026 (*) Legal entity’s duty starting dates were considered. Powers and Duties of the Members of the Board of Directors The Chairman and the members of the Board of Directors possess duties and authorities set out in the Turkish Commercial Code’s relevant clauses and in the Company’s Articles of Association.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 3 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 Executive Management Title Effective from Education Experience İsmail DOĞAN Board Member and Executive Director (Representative of OYKA Kağıt Ambalaj Sanayii ve Ticaret A.Ş.) 18.07.2025 Boğaziçi University -Industrial Engineering (Bachelor’s Degree) 18 Years Tolga SAYGUN Board Member and Executive Director (Representative of OMSAN Lojistik A.Ş.) 09.04.2026 Eastern Mediterranean University-Civil Engineering (Bachelor’s Degree) 30 Years Semih ÖRMEN Group Vice President of Financial Management and Financial Affairs (By Proxy) 22.04.2026 Boğaziçi University - Business Administration (Bachelor’s Degree) 26 Years Vacant Marketing and Sales Group Vice President - - - Vacant Procurement Group Vice President - - - Vacant Enterprise Architecture and Human Resources Group Vice President - - - Şaban YAZICI General Manager 23.08.2025 Middle East Technical University -Mechanical Engineering (Master’s Degree)-Finance and Management (Master’s Degree) Middle East Technical University- Mechanical Engineering (Bachelor’s Degree) 39 Years Sinan BOZKURT Deputy General Manager (Operations) 27.09.2021 Middle East Technical University - Metallurgy and Materials Engineering (Bachelor’s Degree) 30 Years
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 4 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 5. The Transactions of Board Members Made on Its Behalf or on Behalf of Other and the Activities as Part of Prohibition of Competition At the Ordinary General Assembly held on March 26, 2026, it is consented to give the authority for transactions for the year 2026 according to article 395 and 396 of Turkish Commercial Code to the Members of the Board. No transaction had been realized in this context. 6. Personnel and Worker Movements and Collective Bargaining Practices and Rights and Benefits Provided to Personnel and Workers 30th Period Collective Labor Agreement, which will be valid between September 1, 2024 and August 31, 2026, has been signed on February 12, 2025 between Turkish Employers’ Association of Metal Industries (MESS) on behalf of our company and Turkish Metal Union as the collective bargaining agency. It expired on August 31, 2026. The process for the 31st Term Collective Bargaining Agreement has progressed to the negotiation phase. 29th Period Collective Labor Agreement, which will be valid between January 1, 2025 and December 31, 2026 has been signed on July 17, 2025 between Özçelik -İş Union and İskenderun Demir ve Çelik A.Ş. Vacations are paid annual leaves, accompaniment leaves for medical purposes, accompaniment leaves excused absences, unpaid leaves, and other paid leaves consisting marital leaves, bereavement leaves, pregnancy leaves, maternity leaves, nursing leaves, adoption leaves, part -time work leaves, transport leaves, be with your child leaves and leaves in case of a natural catastrophe. Complementary health insurance for our hourly paid staff; individual annuity insurance, private health insurance and life insurance are provided to our monthly paid personnel. Bereavement allowance, transportation and meal allowance, derived from the social benefits, are given to all employees; the rest is given only to blue -collar workers. Paid annual leaves, leaves of absence with excuse, marital leaves, bereavement leaves, maternity leaves, and pregnancy leave, accompaniment leaves, adoption leaves, part - time work leaves, transport leaves, unpaid leaves and nursing leaves can be taken by all employees; the rest is taken only by blue-collar workers. The number of the personnel employed by the Group as of reporting date: 30 September 2026 31 December 2025 Personnel Personnel Hourly paid 8.832 8.907 Monthly paid 3.949 3.917 12.781 12.824
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 5 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 7. Compliance with the Corporate Governance Principles The “Corporate Governance Principles” published by the Capital Markets Board (CMB) which were declared in our Annual Activity Report for the year ending 2025 were met during the period 1 January 2026 – 30 September 2026. 8. Amendments in the Articles of Association None. B - Financial Rights Given to Board Members and Executive Management 1. Total Amount of Financial Rights Like Attendance Fee, Wages, Bonus, Premium and Dividend Payments The relevant section of the minutes of the General Assembly dated March 26, 2026 is as follows: In the 8th article of the agenda related to the Rate Setting of the Board Members’, the proposal dated March 26,2026 was read by the representative of ATAER Holding A.Ş. Feyza DEMETGÜL AKKOYUNLU, it was submitted to the General Assembly’s approval and in accordance with the proposal; It was decided by the majority of votes that; no wages will be paid to the Board members representing Group B shares, the monthly net wage that will be paid to the members representing Group A shares will be net TRY 50.000 (monthly, in cash), the wages of independent Board members will be net TRY 75.000 (monthly, in cash) and the new wages valid from the date of April 1, 2026. Wages of the Executive Management is determined by the Board. Performance based additional payment is given to paid monthly personnel including Executive Management. No payables were given, no loans were issued directly or through a third party and no indemnity was given (like sureties) to Board Members or Executive Management during the period. No payment of performance was made to Board Members. 2. Allowances Given, Travel, Housing and Representation Expenses and Real and Cash Advances, Insurance and Other Pledges A total of TRY 148.060 thousand is recorded as expense related to Company Boar d Members and Executive Management for the period 1 January – 30 September 2026.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 6 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 C - Research and Development Activities The research and development activities of OYAK Mining Metallurgy are conducted by the Erdemir R&D Center, certified by the Republic of T ürkiye Ministry of Industry and Technology in 2014. These activities focus on five main areas: raw materials and iron making, steel making and casting technologies, hot and cold rolled products and processes, and energy and environmental solutions. R&D activities are carried out to support process improvement, product performance enhancement, cost efficiency, energy efficiency, environmental sustainability and low - carbon production objectives. Erdemir R&D Center has state -of-the-art laboratory facilities and pilot scale simulation systems. Center’s main specialization areas are material characterization, thermomechanical simulation, metal forming, welding technologies, corrosion, fatigue, enameling, rheology, spectral analysis, inclusion analysis and X -Ray applications in addition, the R&D Center conducts experimental studies using simulation systems representing key production processes such as coking, agglomeration, sintering, melting, rolling, heat treatment and coating. D - Activities and Important Developments Regarding the Activities 1. Investment Activities Operating within the modern plants and by modern production technology, OYAK Mining Metallurgy produces competitive products globally and continues its investments aligned with the continuous development strategy. In this scope: In Erdemir Plants: Site works are ongoing in the Various Fire Detection and Extinguishing Systems Project, the Project of Slitting Line Transfer to ERSEM and the modernization of stoves within the scope of the 2nd Blast Furnace Renovation Investment. The second phase study continues in the Surface Inspection Systems Project. Engineering, equipment supply, and manufacturing activities are ongoing for the Erdemir 2nd Unloading Jetty New Grab Ship Unloader Cranes Investment. Equipment manufacturing and supply activities continue in the No.2 Hot Strip Mill Investment Project. Equipment manufacturing processes are ongoing in the Erdemir 2nd Cargo Jetty New Level Luffing Cranes Investment Project. Feasibility revision studies for the No. 5 Coke Oven Battery Project are ongoing. Procurement activities continue for the Continous Annealing Line (CAL) Drives System and Level 2 Automation Modernization and The Renovation of Erdemir -1 154 kV Substation Project. Erdemir Unlicensed (SPP) Solar Power Plant Projects have been initiated.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 7 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 In İsdemir Plants: Testing and commissioning activities continue within the scope of the Port -1 Ore Unloading Crane Renewal Project. In the Seawater Pumping Station Sustainability Investment, the scope of Phase 3 has been completed, and construction and mechanical works within the scope of Phase 4 are ongoing. S ite activities are ongoing in The Port Capacity Increase Investment and the Repair, Renovation and Strengthening Projects of Port Facility Damaged by the Earthquake. Procurement activities continue for the New No.1 and No.2 Turbo Generator and the Electricity Generation from The Steam Produced in Coke Dry Quenching Projects. İsdemir Unlicensed (SPP) Solar Power Plant Projects have been initiated. The Group recorded an investment accrual of USD 315 million (3 0 September 2025: USD 631 million) in its condensed consolidated financial statements as of the reporting date. 2. Internal Control System and Internal Auditing Activities At OYAK Mining Metallurgy Companies, internal audit activities are carried out by the Internal Audit Directorate, which reports directly to the Member of the Board of Directors and Executive Director. Internal audit engagements are planned and performed through a systematic, disciplined, and risk -based approach, with reference to the International Standards for the Professional Practice of Internal Auditing and best practices. Within this scope, the effectiveness of the Companies’ risk management, control, and governance processes is assessed through assurance and consulting activities. Data analytics techniques and Governance, Risk and Compliance (GRC) technologies are utilized in audit engagements, and audit activities are monitored through the Audit Management System. Action plans are developed for findings identified during internal audit engagements, and the implementation status of these plans is systematically monitored, thereby contributing to the continuous improvement of the internal control environment. The Internal Audit Directorate periodically reports to the Audit Committee, composed of Independent Members of the Board of Directors, on the results of internal audit activities and the effectiveness of internal controls. Committee meetings are scheduled in coordination with the regular meetings of the Board of Directors; following each meeting, a written report on the Committee’s activities and a summary of the meeting minutes are submitted to the Board of Directors.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 8 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 3. Direct and Indirect Subsidiaries The Information about Affiliates Subject to Consolidation The main scope of business and the participation in their shareholding of the affiliates subject to consolidation are as follows: Name of the Company Country of Operation Operation 2026 Effective Share % 2025 Effective Share % İskenderun Demir ve Çelik A.Ş. Türkiye Integrated Iron and Steel Manufacturing 94,87 94,87 Erdemir Madencilik San. ve Tic. A.Ş. Türkiye Iron Ore and Pellet 90 90 Erdemir Çelik Servis Merkezi San. ve Tic. A.Ş. Türkiye Steel Service Center 100 100 Erdemir Mühendislik Yön. ve Dan. Hiz. A.Ş. Türkiye Management and Consultancy 100 100 Erdemir Romania S.R.L. Romania Electrical Steel Production 100 100 Erdemir Asia Pacific Private Limited Singapore Trading 100 100 Erdemir Enerji Üretim A.Ş. Türkiye Renewable Energy Production 100 100 İsdemir Linde Gaz Ortaklığı A.Ş. Türkiye Industrial Gas Production and Sales 47 47 Kümaş Manyezit Sanayi A.Ş. Türkiye Magnesite Ore, Refractory 100 100 Yenilikçi Yapı Malzemeleri ve Üretim San. Tic. A.Ş. Türkiye Recycling, Special Purpose Entity 100 100
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 9 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 E - Financial Position 1. Consolidated Summary of Financial Statements Financial statements are prepared in accordance with the CMB’s Communiqué Serial:II, 14.1 and have been unaudited as of September 30, 2026. Summary of Consolidated Financial Position (Unaudited) (Audited) Current Period Previous Period (Thousand TRY) 30 September 2026 31 December 2025 Current Assets 269.669.623 250.627.343 Non-current Assets 355.365.474 307.903.852 Total Assets 625.035.097 558.531.195 Current Liabilities 165.583.791 116.913.185 Non-current Liabilities 111.721.678 144.338.226 Shareholders' Equity 347.729.628 297.279.784 Total Liabilities 625.035.097 558.531.195 Summary of Consolidated Profit or Loss (Unaudited) (Unaudited) Current Period Previous Period 1 January - 1 January - (Thousand TRY) 30 September 2026 30 September 2025 Revenue 195.858.799 147.915.207 Gross Profit 17.721.379 11.838.251 Operating Profit 9.501.914 5.924.587 Operating Profit Before Finance Income (Expenses) 7.671.377 6.578.060 Profit Before Tax 2.551.810 461.529 Net Profit (Loss) for the Period 11.510.785 2.516.291 Shareholder’s share in the Profit (Loss) for the Period 11.143.436 2.384.101 EBITDA 22.348.801 13.132.209 Earnings Per Share (Loss) 165,78% 35,47% The Entity prepares its budgets within the frame of its strategic goals that is approved by the Board of Directors. In the regular meetings of the Board of Directors is reviewing the current position of the Entity and activities are compared with the previous period and budget targets.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 10 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 2. Key Ratios 1 January - 1 January - (%) 30 September 2026 30 September 2025 Gross Profit Margin 9,0% 8,0% Operating Profit Before Finance Income (Expenses) Margin 3,9% 4,4% EBITDA Margin 11,4% 8,9% Profit (Loss) Margin 5,9% 1,7% Shareholder’s Share in the Profit (Loss) Margin 5,7% 1,6% 3. The Availability of Financial Sources and the Policies the Group Applies in This Framework Group has full access to all national and international financial sources with its market making power based on high trading volume in money markets. New funding alternatives according to changing market conditions are continuously analyzed and offers are evaluated. The debt policy of Group is developed based on the capability of cash generation and the strong equity structure. Hedging methods and amounts used against financial risks are developed based on a frame of systematic models. Within the risk tolerances, forward, futures, swap and options reflecting market conditions are implemented, if necessary. 4. Dividend Distribution Policy Group’s Dividend Distribution Policy is as follows: As a principle, Company implements the policy of distributing all of its distributable profit in cash within the provision of forecasted free cash flow generation by considering financial leverage ratios, investment /financing needs and anticipation of the market under the scope of effective regulations and clauses of Company ’s Articles of Association. The dividend distribution policy is reviewed annually by the Board of Directors every year considering to national and global economic conditions, the projects on the company's agenda and the state of its funds. Dividend is paid by fixed or variable installments in accordance with the legislation by giving authority to the Board of Directors at the General Assembly Meeting, where dividend distribution is decided, until 15 December of the relevant calendar year. General Assembly is authorized for the “distribution of dividend advance” in accordance with relevant legislations. At Annual General Assembly dated 26 March 202 6, dividend distribution gross dividend per share: TRY 0, 55 amounting to TRY 3.850.000 thousand from 202 5 net profit and retained earnings was approved by majority of votes. As of 26 March 202 6, which is the dividend distribution decision date of the Company, dividend pertaining to the shares owned by the Company due to the ownership of 3,97% of its own shares with a nominal value of 1 TRY, is shown by netting off the amount of dividends to be distributed. The Group approved TRY 669.035 thousand dividend to non -controlling shares on Isdemir, which is subsidiary of the Group. Dividend distribution has begun on 3 June 2026.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 11 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 5. Information About the Sector Global crude steel production in August this year decreased by 1,2 percent year on year to 1 44,2 million tonnes. In the January -August period this year, global crude steel production went down by 0,7 percent year on year to 1225,2 million tonnes. In August, crude steel output in Asia amounted to 1 06,7 million tonnes, down 1,4 percent, with China’s output at 74,6 million tonnes, down 3,7 percent, with 6, 7 million tonnes produced by Japan, increasing by 0,4 percent, 14,8 million tonnes produced by India, up by 4, 6 percent, and 5,4 million tonnes produced by South Korea, moving up by 2,6 percent with all comparisons on year on year basis. EU-27 countries produced 8,9 million tonnes of crude steel in August, down by 1,0 percent year on year. In the given period, Germany’s output amounted to 2 ,6 million tonnes, up 1,7 percent year on year. The CIS registered a crude steel output of 6 ,3 million tonnes, decreasing by 5,6 percent on year on year basis, with Russia’s estimated output at 5 ,5 million ton nes, down 0,3 percent year on year. In North America, in August, crude steel output totaled 9,4 million ton nes, up by 3,9 percent year on year, with the US producing 7,3 million tonnes, increasing by 3,0 percent, both year on year. Crude steel output in South America in August amounted to 3,4 million tonnes, down by 4,9 percent compared to the same month in the previous year, with Brazil’s output totaling 2 ,7 million tonnes, decreasing by 6,2 percent year on year. In the given month, Africa produced 2,1 million tonnes of crude steel, increasing by 8,8 percent year on year. In the Middle East, crude steel output totaled 3,7 million tonnes, moving down by 4,6 percent. Price changes of hot rolled products follows:
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 12 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 Türkiye produced 3,4 million tonnes of crude steel in August, with a 0,4 percent decrease compared to the same month in the previous year. Türkiye's crude steel output by electric arc furnaces decreased by 1,6% (2,4 million tonnes) and the production by integrated plants increased by 2,5% (1 million tonnes) both year on year. In the January -August period this year, Türkiye produced 26,6 million tonnes of crude steel, up by 6,8 percent year on year. T ürkiye's crude steel output by electric arc furnaces increased by 3 % (18,7 million tonnes) and the production by integrated plants increased by 17 % (7,9 million tonnes) both year on year. 6. The Position within the Sector The Group produced 8,1 million tonnes of crude steel in 2025. In the first nine months of 2026, the Group produced a total of 6,9 million tonnes of crude steel, with 2,8 million tonnes at the Ereğli Plant and 4,1 million tonnes at the İskenderun Plant. 7. Operational Developments Türkiye’s first and only integrated flat steel producer, Group, who carries out production, operation, maintenance and modernization activities within its all facilities. Manufacturing 23% of all crude steel production in Türkiye, Group again continued its operations in line with the principle of optimal costs, maximum productivity and quality of production in the first eight months of 2026. 8. Production Plants and Productivity The information about the capacities of main product groups by Group are stated below: Capacity used (%) 1 January - 30 September 2026 1 January - 30 September 2025 Liquid Steel 98% 82% Crude Steel 96% 81% 9. Products The main products of the Group are as follows: 10. Production (quantity) Final Products (000 Tonnes) 1 January - 30 September 2026 1 January - 30 September 2025 Flat Products 5.713 4.947 Long Products 769 619 Pellet,Iron Ore and Magnesite 1.952 1.987 Erdemir İsdemir Ermaden Kümaş Manyezit Tinplate Billet Pellet Refractor Galvanized Wire Rod Iron Ore Magnesite Ore Cold Rolled Slab Hot Rolled Hot Rolled Plate
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 13 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 11. Developments Regarding Sales The iron and steel industry is of strategic importance to national economies due to its contributions to industrial production, employment, and foreign trade. With its production capacity and strong domestic market, Türkiye is among the leading countries in the global iron and steel industry. Ranked as the world's seventh largest crude steel producer, Türkiye's crude steel production reached 26.6 million tonnes in the first eight months of 2026, increasing by 6.8% compared to the same period of the previous year. Total flat product sales of the Group reached the level of 5,6 million tonnes in the first nine months of 202 6. The domestic flat product sales reached 4,7 million tonnes. Total long product sales were 741 thousand tonnes and 734 thousand tonnes of long product sales were made domestically. The Group’s total sales were 14% through exports. 12. Sales (quantity) Final Products (000 Tonnes) 1 January - 30 September 2026 1 January - 30 September 2025 Flat Products 5.643 4.975 Long Products 741 627 Pellet, Iron and Magnesite Ore Products (*) 1.822 1.717 (*) As of 30 September 2026, 1.643 thousand tonnes of pellet, iron and magnesite ore sales are made for Group Companies (30 September 2025: 1.534 thousand tonnes). F - Risks and Evaluation of the Board 1. Enterprise Risk Management Enterprise Risk Management Procedure has been published with the purpose of ensuring systematic and comprehensive identification, evaluation, control and monitoring of risks and opportunities that may affect Company's assets, reputation, and profitability. The procedure includes guidance on support and positioning, risk identification, prioritization, improvement, reporting, monitoring/surveillance, and communication principles related to risks in order to manage company -wide risks to the highest standard. In order to measure the risks incurred by the company and ensure conformity to the risk tolerance limits; risks are monitored and managed in accordance with regulations and guidelines developed for critical risks. 2. Committee of Early Risk Detection The Early Detection of Risk Committee Regulation is included in the Corporate Governance Policies and Regulations tab under Corporate Governance section of Investor Relations title on the company's website. The purpose of the Committee is to identify the risks that may threaten the existence, progress and continuation of the Company operations within the scope of the Early Detection of Risk Committee Regulation and legal legislation to implement the necessary measures related to the risks identified and to manage those risks.
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EREĞLİ DEMİR VE ÇELİK FABRİKALARI T.A.Ş. P a g e 14 BOARD OF DIRECTORS’ ACTIVITY REPORT PREPARED IN ACCORDANCE WITH THE COMMUNIQUÉ SERIAL: II, NO:14.1 The meetings of the Committee are held at least six times per year and in accordance with the regular meetings of the Board of Directors. After each meeting, a written report on the activities of the Committee is submitted to the Board of Directors with a summary of the minutes. Meeting minutes are kept by the Enterprise Risk Management Directorate. G - Other Information 1. Organizations Out of the Headquarters The Company has a branch in Kdz. Ereğli. 2. Information for Shareholders None.