Earnings release
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIALSTATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. CONSOLIDATED BALANCE SHEETS AT 30 JUNE 2026 AND 31 DECEMBER 2025 ( Amounts on tables expressed in million of Turkish Lira ( " TL ” ) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated . ) 30 June 2026 ( * ) Million 30 June 2026 ( * ) Million Reviewed 30 June 2026 ( * ) Million Audited 31 December 2025 ( * ) Million EUR USD TL TL ASSETS Current assets : Cash and cash equivalents Balances with CBRT 8.213 9.367 436.086 422.551 9.720 11.085 516.074 544.381 Financial assets 1.985 2.264 105.417 101.756 Trade receivables 5.446 6.210 289.122 282.704 - -Related parties 480 547 25.460 26.141 - Third parties 4.966 5.663 263.662 256.563 Receivables from finance sector operations 30.395 34.664 1.613.799 1.696.558 Derivative instruments 793 905 42.128 10.929 Inventories 4.790 5.463 254.336 229.733 Other receivables 810 923 42.982 29.671 Prepaid expenses 1.004 1.145 53.294 57.704 Other current assets 3.190 3.636 169.292 168.947 66.346 75.662 3.522.530 3.544.934 Assets held for sale 1.744 1.989 92.619 7.124 Total current assets 68.090 77.651 3.615.149 3.552.058 Non - current assets : Financial assets 12.234 13.953 649.585 734.059 Investments accounted for using the equity method 2.738 3.122 145.355 150.985 Trade receivables 13 14 665 1.099 - Third parties 13 14 665 1.099 Receivables from finance sector operations 11.602 13.232 616.021 615.433 Derivative instruments 181 206 9.599 11.456 Investment properties 73 84 3.888 3.010 Property , plant and equipment 12.191 13.904 647.302 661.630 Intangible assets 4.977 5.676 264.245 275.340 Goodwill 1.934 2.205 102.663 106.809 - - Other intangible assets 3.043 3.471 161.582 168.531 Deferred tax assets 838 956 44.508 51.457 Prepaid expenses 3.746 4.273 198.908 168.167 Other non - current assets 721 822 38.290 37.203 Total non - current assets 49.314 56.242 2.618.366 2.709.839 Total assets 117.404 133.893 6.233.515 6.261.897 ( * ) Euro ( " EUR " ) and US Dollar ( " USD " ) amounts presented above have been translated from Turkish Lira ( " TL " ) for convenience purposes only , at the official TL bid rate announced by the Central Bank of the Republic of Turkey ( " CBRT ” ) effective as of 30 June 2026 , and therefore do not form part of these interim condensed consolidated financial statements . 1
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. CONSOLIDATED BALANCE SHEETS AT 30 JUNE 2026 AND 31 DECEMBER 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 2 Reviewed Audited 30 June 30 June 30 June 31 December 2026 2026 2026 2025 (*) Million (*) Million (*) Million (*) Million EUR USD TL TL LIABILITIES Current liabilities: Short term borrowings 4.373 4.987 232.187 275.246 Short term portion of long term borrowings 11.026 12.574 585.401 612.330 Trade payables 7.934 9.049 421.263 347.902 - Related parties 498 568 26.437 23.328 - Third parties 7.436 8.481 394.826 324.574 Payables of finance sector operations 41.418 47.236 2.199.067 2.338.816 Derivative instruments 930 1.060 49.354 18.925 Current income tax liabilities 187 213 9.910 3.814 Short term provisions 501 571 26.584 23.675 Other payables 4.266 4.865 226.490 240.383 Other current liabilities 3.465 3.955 184.090 212.881 74.100 84.510 3.934.346 4.073.972 Liabilities held for sale 1.147 1.308 60.878 - Total current liabilities 75.247 85.818 3.995.224 4.073.972 Non-current liabilities: Long term borrowings 14.531 16.572 771.534 708.360 Payables of finance sector operations 294 336 15.629 16.733 Derivative instruments 146 167 7.774 8.535 Deferred tax liabilities 1.590 1.814 84.444 79.856 Long term provisions 839 957 44.551 52.085 - Long term provisions for employee benefits 706 805 37.486 43.127 - Other long term provisions 133 152 7.065 8.958 Other payables 173 197 9.167 13.252 Other non-current liabilities 249 283 13.194 22.513 Total non-current liabilities 17.822 20.326 946.293 901.334 Total liabilities 93.069 106.144 4.941.517 4.975.306 Equity: Paid-in share capital 48 54 2.536 2.536 Adjustment to share capital 2.027 2.311 107.604 107.604 Treasury shares (3) (3) (139) (139) Share premium 10 11 510 510 Other comprehensive income/expense not to be reclassified to profit or loss (444) (506) (23.554) (22.997) Other comprehensive income/expense to be reclassified to profit or loss (843) (962) (44.781) (40.006) Restricted reserves 483 550 25.626 23.476 Prior years’ income 13.269 15.133 704.531 700.740 Profit for the period 383 435 20.306 25.908 Equity holders of the parent 14.930 17.023 792.639 797.632 Non-controlling interest 9.405 10.726 499.359 488.959 Total equity 24.335 27.749 1.291.998 1.286.591 Total liabilities and equity 117.404 133.893 6.233.515 6.261.897 (*) EUR and USD amounts presented above have been translated from TL for convenience purposes only, at the official TL bid rate announced by the CBRT effective as of 3 0 June 2026, and therefore do not form part of these interim condensed consolidated financial statements.
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. CONSOLIDATED INCOME STATEMENT FOR INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 3 Reviewed Reviewed 1 January - 1 January - 1 January - 1 January - 1 April - 1 April - 30 June 30 June 30 June 30 June 30 June 30 June 2026 2026 2026 2025 2026 2025 (*) Million (*) Million Million Million Million Million EUR USD TL TL TL TL Revenue 22.234 25.357 1.180.496 1.029.269 651.746 536.887 Revenue from finance sector operations 9.671 11.029 513.468 526.199 252.408 264.696 Total revenue 31.905 36.386 1.693.964 1.555.468 904.154 801.583 Cost of sales (18.494) (21.092) (981.921) (861.537) (532.113) (446.742) Cost of finance sector operations (7.636) (8.709) (405.433) (427.330) (205.112) (217.199) Total costs (26.130) (29.801) (1.387.354) (1.288.867) (737.225) (663.941) Gross profit (non-finance) 3.740 4.265 198.575 167.732 119.633 90.145 Gross profit (finance) 2.035 2.320 108.035 98.869 47.296 47.497 Gross profit 5.775 6.585 306.610 266.601 166.929 137.642 Marketing expenses (1.492) (1.702) (79.225) (80.424) (40.389) (41.342) General administrative expenses (2.005) (2.287) (106.481) (105.020) (52.462) (51.092) Research and development expenses (98) (112) (5.208) (5.559) (2.447) (2.945) Other operating income 617 704 32.779 33.615 15.956 15.466 Other operating expenses (1.121) (1.278) (59.518) (55.442) (28.533) (25.093) Share of profit/(loss) of investments accounted for using the equity method 132 151 7.014 7.958 4.349 4.605 Operating profit 1.808 2.061 95.971 61.729 63.403 37.241 Gains from investment activities 18 20 939 933 520 565 Losses from investment activities (3) (4) (169) (226) (54) (31) Operating profit before financial income/(expense) 1.823 2.077 96.741 62.436 63.869 37.775 Financial income 767 875 40.730 48.300 22.269 24.089 Financial expense (975) (1.111) (51.744) (68.250) (26.747) (34.108) Net monetary gains/(losses) (39) (45) (2.090) (9.588) 915 (4.199) Profit before tax 1.576 1.796 83.637 32.898 60.306 23.557 Tax expense (692) (790) (36.769) (20.309) (15.668) (6.782) - Current income tax expense/(income) (495) (565) (26.293) (3.130) (11.942) 584 - Deferred tax expense (197) (225) (10.476) (17.179) (3.726) (7.366) Profit for the period 884 1.006 46.868 12.589 44.638 16.775 Attributable to: Non-controlling interest 501 571 26.562 4.352 24.890 6.556 Equity holders of the parent 383 435 20.306 8.237 19.748 10.219 Earnings per share (Kr) 0,801 0,325 0,779 0,403 (*) EUR and USD amounts presented above have been translated from TL for convenience purposes only, at the official TL bid rate announced by the CBRT effective as of 3 0 June 2026, and therefore do not form part of these interim condensed consolidated financial statements.
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. COMBINED SEGMENT REPORTING FOR THE INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 4 SEGMENT REPORTING 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”. “Combined revenue” reported below is before intra and inter segment revenue eliminations. Other financial information except for “combined revenue” represents the amounts after the related consolidation adjustments and profit eliminations. The reconciliations of the combined financial information to the amounts reported in the consolidated financial statements for the periods ended 30 June 2026 and 2025 are presented separately. Consumer 1 January - 30 June 2026 Energy Automotive durables Finance Other Total External revenue 883.449 718.108 296.279 514.122 72.164 2.484.122 Intra segment revenue 133.976 50.160 11.608 1.485 2.420 199.649 Inter segment revenue 2.072 1.508 1.836 2.147 43.974 51.537 Combined revenue 1.019.497 769.776 309.723 517.754 118.558 2.735.308 Combined gross profit 105.175 53.195 87.260 107.159 22.433 375.222 Operating expenses (36.325) (48.213) (82.319) (52.615) (25.019) (244.491) Other operating income/(expenses) (net) 1.751 2.748 4.417 (24.116) (1.134) (16.334) Exchange gains/(losses) and credit finance income/(charges) from operating activities (net) (5.523) 1.051 (1.858) - (1.692) (8.022) Combined operating profit/(loss) 65.078 8.781 7.500 30.428 (5.412) 106.375 Gains/(losses) from investment activities (net) 919 3.177 (378) 1.233 263 5.214 Financial income/(expenses) (net) 1.401 (22.755) (14.700) - 4.665 (31.389) Net monetary gains/(losses) (3.167) 22.355 10.984 (11.397) (2.961) 15.814 Combined profit/(loss) before tax 64.231 11.558 3.406 20.264 (3.445) 96.014 Tax expense, (net) (14.907) (454) (3.252) (16.467) (3.076) (38.156) Combined net profit/(loss) for the period 49.324 11.104 154 3.797 (6.521) 57.858 Net profit/(loss) for the period (*) 20.711 3.444 421 2.221 (6.491) 20.306 (*) Attributable to the equity holders of the parent.
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. COMBINED SEGMENT REPORTING FOR THE INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 5 SEGMENT REPORTING (Continued) Consumer 1 January - 30 June 2025 Energy Automotive durables Finance Other Total External revenue 690.473 710.645 344.614 526.474 75.496 2.347.702 Intra segment revenue 84.869 44.008 14.443 860 2.255 146.435 Inter segment revenue 2.365 6.554 3.019 1.465 43.806 57.209 Combined revenue 777.707 761.207 362.076 528.799 121.557 2.551.346 Combined gross profit 62.448 67.402 93.866 96.869 22.996 343.581 Operating expenses (33.515) (46.258) (87.810) (52.904) (23.832) (244.319) Other operating income/(expenses) (net) 1.260 2.567 (959) (20.900) 853 (17.179) Exchange gains/(losses) and credit finance income/(charges) from operating activities (net) (7.410) 6.333 3.704 - (1.091) 1.536 Combined operating profit/(loss) 22.783 30.044 8.801 23.065 (1.074) 83.619 Gains/(losses) from investment activities (net) 141 9.429 (147) 1.420 157 11.000 Financial income/(expenses) (net) (301) (33.640) (23.426) - 7.436 (49.931) Net monetary gains/losses (1.256) 18.878 10.359 (13.105) (7.195) 7.681 Combined profit/(loss) before tax 21.367 24.711 (4.413) 11.380 (676) 52.369 Tax expense, (net) (8.142) (3.687) (2.556) (11.178) (592) (26.155) Combined net profit/(loss) for the period 13.225 21.024 (6.969) 202 (1.268) 26.214 Net profit/(loss) for the period (*) 4.881 8.521 (3.066) 174 (2.273) 8.237 (*) Attributable to the equity holders of the parent.
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. COMBINED SEGMENT REPORTING FOR THE INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 6 SEGMENT REPORTING (Continued) Consumer 1 April - 30 June 2026 Energy Automotive durables Finance Other Total External revenue 504.261 366.747 148.731 253.736 35.903 1.309.378 Intra segment revenue 81.510 26.179 7.114 731 1.442 116.976 Inter segment revenue 775 698 396 171 24.784 26.824 Combined revenue 586.546 393.624 156.241 254.638 62.129 1.453.178 Combined gross profit 71.855 27.320 44.006 47.394 11.925 202.500 Operating expenses (17.974) (23.876) (41.829) (25.624) (12.125) (121.428) Other operating income/(expenses) (net) 526 1.319 5.093 (13.811) (330) (7.203) Exchange gains/(losses) and credit finance income/(charges) from operating activities (net) (3.826) 770 (404) - (471) (3.931) Combined operating profit/(loss) 50.581 5.533 6.866 7.959 (1.001) 69.938 Gains/(losses) from investment activities (net) 686 2.282 (147) 623 120 3.564 Financial income/(expenses) (net) 1.095 (13.523) (7.740) - 2.678 (17.490) Net monetary gains/losses (242) 8.747 4.474 (4.018) (981) 7.980 Combined profit before tax 52.120 3.039 3.453 4.564 816 63.992 Tax income/(expense) (net) (6.929) 2.350 (573) (6.020) (1.977) (13.149) Combined net profit/(loss) for the period 45.191 5.389 2.880 (1.456) (1.161) 50.843 Net profit/(loss) for the period (*) 19.008 1.696 1.709 (756) (1.909) 19.748 (*) Attributable to the equity holders of the parent.
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. COMBINED SEGMENT REPORTING FOR THE INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 7 SEGMENT REPORTING (Continued) Consumer 1 April - 30 June 2025 Energy Automotive durables Finance Other Total External revenue 361.024 401.187 176.787 265.160 42.016 1.246.174 Intra segment revenue 45.322 23.023 8.108 353 1.011 77.817 Inter segment revenue 658 5.221 1.363 555 22.357 30.154 Combined revenue 407.004 429.431 186.258 266.068 65.384 1.354.145 Combined gross profit 34.431 39.027 48.294 46.390 12.492 180.634 Operating expenses (16.921) (24.562) (44.261) (25.819) (11.379) (122.942) Other operating income/(expenses) (net) 1.125 3.530 (782) (10.002) 109 (6.020) Exchange gains/(losses) and credit finance income/(charges) from operating activities (net) (2.647) 2.974 1.894 - (894) 1.327 Combined operating profit 15.988 20.969 5.145 10.569 328 52.999 Gains/(losses) from investment activities (net) 105 5.645 6 648 201 6.605 Financial income/(expenses) (net) (612) (21.907) (12.033) - 2.970 (31.582) Net monetary gains/losses 1.226 8.435 4.374 (4.628) (4.383) 5.024 Combined profit/(loss) before tax 16.707 13.142 (2.508) 6.589 (884) 33.046 Tax income/(expense) (net) (3.814) (274) (1.128) (4.215) 1.273 (8.158) Combined net profit/(loss) for the period 12.893 12.868 (3.636) 2.374 389 24.888 Net profit/(loss) for the period (*) 4.776 5.674 (1.615) 1.371 13 10.219 (*) Attributable to the equity holders of the parent.
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. COMBINED SEGMENT REPORTING FOR THE INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 8 SEGMENT REPORTING (Continued) 1 January - 1 January - 1 April - 1 April - 30 June 30 June 30 June 30 June 2026 2025 2026 2025 a) Revenue Energy 1.019.497 777.707 586.546 407.004 Automotive 769.776 761.207 393.624 429.431 Consumer durables 309.723 362.076 156.241 186.258 Finance 517.754 528.799 254.638 266.068 Other 118.558 121.557 62.129 65.384 Combined 2.735.308 2.551.346 1.453.178 1.354.145 Less: Joint Ventures (988.269) (933.474) (522.532) (519.998) Less: Consolidation eliminations and adjustments (53.075) (62.404) (26.492) (32.564) Consolidated 1.693.964 1.555.468 904.154 801.583 b) Operating profit Energy 65.078 22.783 50.581 15.988 Automotive 8.781 30.044 5.533 20.969 Consumer durables 7.500 8.801 6.866 5.145 Finance 30.428 23.065 7.959 10.569 Other (5.412) (1.074) (1.001) 328 Combined 106.375 83.619 69.938 52.999 Less: Joint Ventures (18.264) (31.808) (10.774) (21.445) Less: Consolidation eliminations and adjustments 846 1.960 (110) 1.082 Add: Net profit shares of Joint Ventures and associates 7.014 7.958 4.349 4.605 Consolidated 95.971 61.729 63.403 37.241 c) Depreciation and amortisation Energy 12.948 12.478 6.263 6.193 Automotive 26.382 27.476 12.740 14.382 Consumer durables 11.293 14.132 5.072 7.314 Finance 6.908 7.205 3.326 3.394 Other 4.153 3.283 2.132 1.664 Combined 61.684 64.574 29.533 32.947 Less: Joint Ventures (19.348) (20.555) (9.138) (10.604) Less: Consolidation eliminations and adjustments (818) (727) (364) (328) Consolidated 41.518 43.292 20.031 22.015
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CONVENIENCE TRANSLATION INTO ENGLISH OF THE CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH KOÇ HOLDİNG A.Ş. COMBINED SEGMENT REPORTING FOR THE INTERIM PERIOD ENDED 30 JUNE 2026 AND 2025 (Amounts on tables expressed in million of Turkish Lira (“TL”) in terms of purchasing power of the TL at 30 June 2026 unless otherwise indicated.) 9 SEGMENT REPORTING (Continued) 1 January - 1 January - 1 April - 1 April - 30 June 30 June 30 June 30 June 2026 2025 2026 2025 d) Profit before tax Energy 64.231 21.367 52.120 16.707 Automotive 11.558 24.711 3.039 13.142 Consumer durables 3.406 (4.413) 3.453 (2.508) Finance 20.264 11.380 4.564 6.589 Other (3.445) (676) 816 (884) Combined 96.014 52.369 63.992 33.046 Less: Joint Ventures (18.606) (26.456) (7.674) (13.726) Add: Net profit shares of Joint Ventures and associates 6.229 6.985 3.988 4.237 Consolidated 83.637 32.898 60.306 23.557 e) Net profit for the period Energy 49.324 13.225 45.191 12.893 Automotive 11.104 21.024 5.389 12.868 Consumer durables 154 (6.969) 2.880 (3.636) Finance 3.797 202 (1.456) 2.374 Other (6.521) (1.268) (1.161) 389 Combined 57.858 26.214 50.843 24.888 Less: Joint Ventures (17.219) (20.610) (10.193) (12.350) Add: Net profit shares of Joint Ventures and associates 6.229 6.985 3.988 4.237 Less: Non-controlling interests (26.562) (4.352) (24.890) (6.556) Consolidated (attributable to the equity holders of the parent) 20.306 8.237 19.748 10.219 f) Capital expenditures Energy 13.875 15.704 7.613 10.476 Automotive 47.309 49.348 27.746 29.972 Consumer durables 7.856 10.468 4.052 5.278 Finance 3.496 3.478 2.555 1.733 Other 7.352 14.181 2.602 3.374 Combined 79.888 93.179 44.568 50.833 Less: Joint Ventures (19.106) (29.792) (10.913) (16.898) Consolidated 60.782 63.387 33.655 33.935