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FORD OTOSAN 1H'26 EARNINGS RELEASE REVENUE OPERATING PROFIT ADJUSTED EBITDA ( 1 ) PROFIT BEFORE TAX NET INCOME TL 427.1 Billion Domestic 16 % Export 84 % MARKET SHARE TL 11.6 Billion 2.7 % Margin TL 25.6 Billion 6.0 % Margin TL 10.2 Billion 2.4 % Margin TL 10.3 Billion 2.4 % Margin CAPACITY UTILIZATION ADJUSTED EBITDA ( 1 ) per VEHICLE NET DEBT / ADJ . EBITDA ( 1 ) CAPEX 6.6 % 73 % € 1,438 1.76x 5th in Domestic Market Turkey 70 % Romania 79 % Solid per vehicle profitability Capped at 3.5x € 130 ( 2 ) Million Capex / Sales 1.9 % GÜVEN ÖZYURT Ford Otosan Leader GÜL ERTUĞ GERİŞKOVAN Finance & Accounting Leader ( CFO ) The first half of 2026 was shaped by softer demand , intensifying competition and continued macroeconomic pressure . Against this backdrop , our operational agility and flexible operating structure proved to be key strengths . Leveraging the strength of our commercial vehicle franchise and our integrated manufacturing footprint in Türkiye and Romania , we continued to support Ford's European operations while maintaining a strong focus on quality , efficiency and cost discipline . During the period , we completed the acquisition of Koç Finans , marking an important milestone in our strategy to deliver a more integrated and seamless customer experience throughout the vehicle ownership journey . While market conditions remain challenging , we believe our manufacturing expertise , quality excellence and operational strength position us well to further enhance our competitive position and create sustainable value for all stakeholders . 1H'26 was shaped by subdued demand , competitive market dynamics and a macroeconomic backdrop in which inflation continued to outpace currency depreciation . Against this backdrop , we maintained disciplined cost management and a resilient balance sheet supported by prudent financial policies and healthy leverage levels . While profitability was affected by market conditions and the prevailing macroeconomic environment , our export - oriented business model and strong operational foundation continued to support resilience . As we move beyond the peak of our investment cycle , our focus is increasingly shifting toward improving asset utilization , enhancing manufacturing efficiency , strengthening cash generation and delivering higher returns on invested capital . ( 1 ) Ford Otosan reports company EBITDA as ' Adjusted EBITDA ' . ' Adjusted EBITDA ' = Gross Profit - opEx + depreciation & amortization + " Other Income / Expense from Operating Activities " in P & L + " The embedded lease impact " ( 2 ) Includes only fixed asset investment . Koc FORD OTOSAN Ford