Interim report
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TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Financial Statements at and for the Nine-Month Period Ended 30 September 2026
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(Unaudited) Audited 30 September 31 December Non-current assets Notes 2026 2025 ASSETS Property and equipment 825,039 733,099 Intangible assets 32,534 32,362 Airport operation right 9 1,840,399 1,926,989 Right of use assets 200,957 173,149 Equity-accounted investments 22 589,644 628,969 Goodwill 216,117 213,502 Derivative financial instruments 18 15,478 31,641 Non-current due from related parties 21 160,821 161,237 Other non-current assets 10 122,653 105,876 Deferred tax assets 82,415 71,728 Total non-current assets 4,086,057 4,078,552 Current assets Inventories 74,240 56,887 Financial assets 344 348 Trade receivables 11 198,014 135,715 Due from related parties 21 26,431 27,797 Other receivables and current assets 10 252,697 136,006 Cash and cash equivalents 12 652,118 477,315 Restricted bank balances 13 102,831 100,037 1,306,675 934,105 Assets classified as held for sale 672 718 Total current assets 1,307,347 934,823 TOTAL ASSETS 5,393,404 5,013,375 TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Financial Position As at 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 1
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(Unaudited) Audited Shareholders' equity - Group Share 30 September 31 December EQUITY Notes 2026 2025 Share capital 14 162,384 162,384 Share premium 220,286 220,286 Legal reserves 121,975 121,975 Other reserves (137,048) (113,545) Purchase of shares of entities under common control 40,064 40,064 Cash flow hedge reserves 66,477 56,702 Translation reserves (89,907) (119,885) Retained earnings 1,347,542 1,214,462 Total equity attributable to equity holders of the Company 1,731,773 1,582,443Non-controlling interests Non-controlling interests 22 21,724 26,932 Total Equity 1,753,497 1,609,375Non-current liabilities LIABILITIES Loans and borrowings 16 1,784,397 1,354,898 Reserve for employee severance indemnity 47,181 37,436 Derivative financial instruments 18 11,627 26,789 Deferred income 17,449 18,729 Other payables 17 643,528 652,942 Liabilities from equity-accounted investments 5,134 5,835 Deferred tax liabilities 89,987 102,119 Total non-current liabilities 2,599,303 2,198,748Current liabilities Loans and borrowings 16 515,883 444,150 Trade payables 88,109 73,578 Due to related parties 21 5,769 315,650 Current tax liabilities 8 19,571 9,231 Other payables 17 379,359 333,083 Provisions 21,749 20,751 Deferred income 9,423 8,326 1,039,863 1,204,769 Liabilities classified as held for sale 741 483 Total current liabilities 1,040,604 1,205,252 Total Liabilities 3,639,907 3,404,000 TOTAL EQUITY AND LIABILITIES 5,393,404 5,013,375 TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Financial Position As at 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 2
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(Unaudited) (Unaudited) (Unaudited) (Unaudited) 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September Notes 2026 2026 2025 2025 Operating revenue 6 1,461,127 593,801 1,389,761 566,280 Other operating income 1,613 1,071 2,490 (340) Cost of catering inventory sold (58,840) (23,213) (45,591) (18,267) Cost of fuel sold (151,753) (41,803) (168,554) (61,129) Cost of services rendered (164,621) (67,748) (172,538) (65,250) Personnel expenses (440,005) (152,278) (376,399) (132,668) Concession and rent expenses (1,085) (435) (938) (382) Depreciation, amortisation and impairment expenses (163,284) (69,455) (145,712) (60,907) Other operating expenses (144,620) (52,405) (160,798) (57,486) Share of profit of equity-accounted investments, net of tax 22 (9,954) 29,704 (36,973) 27,108 Operating profit 328,578 217,239 284,748 196,959 Finance income 7 63,895 45,762 51,162 14,786 Finance costs 7 (175,962) (72,329) (183,476) (60,517) Net finance cost (112,067) (26,567) (132,314) (45,731) Net monetary position gains / (losses) 2,592 (1,187) 850 (213) Profit before income tax 219,103 189,485 153,284 151,015 Tax expenses 8 (30,130) (15,369) (64,553) (18,120) Profit for the period 188,973 174,116 88,731 132,895 Net results from discontinued activities (294) (17) (227) (164) Profit for the period after discontinued operations 188,679 174,099 88,504 132,731 Other comprehensive income Items that will not be reclassified to profit or loss: Defined benefit obligation actuarial differences (3,649) 27 8,710 (20) Defined benefit obligation actuarial differences from equity accounted investments (3,118) (2,994) 8,283 (461) Tax on defined benefit obligation actuarial differences 909 (7) (2,230) 5 Tax on defined benefit obligation actuarial differences from equity accounted investments 791 760 (2,071) 115 Total items that will not be reclassified to profit or loss (5,067) (2,214) 12,692 (361) Items that are or may be reclassified subsequently to profit or loss: Effective portion of changes in fair value of cash flow hedges (47,685) (41,716) (4,192) 5,161 Effective portion of changes in fair value of cash flow hedges from equity accounted investments 33,608 32,114 9,095 3,606 Portion of cash flow hedges charged to profit or loss 39,292 37,234 4,315 - Foreign currency translation differences for foreign operations 41,330 15,612 (55,650) 10,912 Foreign currency translation differences for foreign operations from equity accounted investments (9,760) (4,268) (18,279) (3,362) Tax on cash flow hedge reserves (6,987) (5,551) 11,197 (1,147) Tax on cash flow hedge reserves, equity accounted investments (8,453) (8,061) (1,954) (2,057) Total items that are or may be reclassified subsequently to profit or loss 41,345 25,364 (55,468) 13,113 Other comprehensive income / (loss) for the period, net of tax 36,278 23,150 (42,776) 12,752 Total comprehensive income for the year 224,957 197,249 45,728 145,483 TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Profit or Loss and Comprehensive Income For the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 3
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(Unaudited) (Unaudited) (Unaudited) (Unaudited) 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September Notes 2026 2026 2025 2025 Profit attributable to: Owners of the Company 173,391 165,365 75,276 125,270 Non-controlling interest 22 15,288 8,734 13,228 7,459 Profit for the period after discontinued operations 188,679 174,099 88,504 132,729 Total comprehensive income attributable to: Owners of the Company 208,082 187,644 34,067 138,827 Non-controlling interest 16,875 9,605 11,661 6,624 Total comprehensive income for the period 224,957 197,249 45,728 145,451 Weighted average number of shares outstanding 363,281,250 363,281,250 363,281,250 363,281,250 Basic and diluted earnings per share for continued operations 15 0.48 0.46 0.21 0.35 TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Profit or Loss and Comprehensive Income For the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 4
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Attributable to the owners of the Company Share Capital Share Premium Legal Reserves Other Reserves Purchase of Shares of Entities Under Common Control Cash flow Hedge Reserve Translation Reserves Retained Earnings Total Non- Controlling Interests Total Equity Balance at 1 January 2025 162,384 220,286 121,975 (75,663) 40,064 31,972 (69,207) 1,175,861 1,607,672 15,183 1,622,855 Total comprehensive income for the period Profit for the period - - - - - - - 75,276 75,276 13,228 88,504 Other comprehensive income Effective portion of changes in fair value of cash hedges, net of tax - - - - - 18,461 - - 18,461 - 18,461 Defined benefit obligation actuarial differences, net of tax - - - - - - - 12,692 12,692 - 12,692 Foreign currency translation differences for foreign operations - - - - - - (72,362) - (72,362) (1,567) (73,929) Total other comprehensive income - - - - - 18,461 (72,362) 12,692 (41,209) (1,567) (42,776) Total comprehensive income for the period - - - - - 18,461 (72,362) 87,968 34,067 11,661 45,728 Transactions with owners of the Company, recognised directly in equity Contributions by and distributions to owners of the Company Dividend distributions (Note 22) - - - - - - - - - (3,336) (3,336) Issue of share capital - - - - - - - - - 654 654 Total transactions with owners of the Company - - - - - - - - - (2,682) (2,682) Balance at 30 September 2025 162,384 220,286 121,975 (75,663) 40,064 50,433 (141,569) 1,263,829 1,641,739 24,162 1,665,901 Balance at 1 January 2026 162,384 220,286 121,975 (113,545) 40,064 56,702 (119,885) 1,214,462 1,582,443 26,932 1,609,375 Total comprehensive income for the period Profit for the period - - - - - - - 173,391 173,391 15,288 188,679 Other comprehensive income Effective portion of changes in fair value of cash hedges, net of tax - - - - - 9,775 - - 9,775 - 9,775 Defined benefit obligation actuarial differences, net of tax - - - - - - - (5,062) (5,062) (5) (5,067) Foreign currency translation differences for foreign operations - - - - - - 29,978 - 29,978 1,592 31,570 Total other comprehensive income - - - - - 9,775 29,978 (5,062) 34,691 1,587 36,278 Total comprehensive income for the period - - - - - 9,775 29,978 168,329 208,082 16,875 224,957 Transactions with owners of the Company, recognised directly in equity Contributions by and distributions to owners of the Company Dividend distributions (Note 21, 22) - - - - - - - (25,654) (25,654) (22,088) (47,742) Issue of share capital - - - - - - - - - 5 5 Other changes in equity (*) - - - (23,503) - - - (9,595) (33,098) - (33,098) Total transactions with owners of the Company - - - (23,503) - - - (35,249) (58,752) (22,083) (80,835) Balance at 30 September 2026 162,384 220,286 121,975 (137,048) 40,064 66,477 (89,907) 1,347,542 1,731,773 21,724 1,753,497 (*) Change in other reserves is related with valuation of deferred payment liability. TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Changes in Equity For the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 5
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(Unaudited) (Unaudited) 1 January - 1 January - 30 September 30 September Notes 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period 188,973 88,731 Loss from discontinued operations (294) (227) Adjustments for: Amortisation and impairment of airport operation right 9 84,432 70,264 Depreciation and impairment of property and equipment and right of use assets 71,811 68,810 Amortisation of intangible assets 7,040 6,638 Concession and rent expenses 1,085 938 Provision for employee severance indemnity 10,608 8,631 Provision set / (reversed) for doubtful receivables 309 (848) Provision set for unused vacation 108 5,429 Discount on receivables, payables and financial liabilities, net - (1,139) (Gain) / loss on sale of property and equipment (49) 187 Other finance income (37,234) (5,141) Interest income (23,220) (40,974) Interest expense on financial liabilities 7 126,515 102,711 Tax expense 8 30,130 64,553 Unwinding of discount from concession receivable and payable 28,817 26,696 Share of profit of equity-accounted investments, net of tax 22 9,954 36,973 Unrealised foreign exchange differences on statement of financial position items 32,351 (17,326) Cash flows from operating activities 531,336 414,906 Change in current trade receivables (59,213) (73,960) Change in inventories (14,392) 1,386 Change in due from related parties 2,060 (2,710) Change in other receivables and other assets (100,032) (15,691) Change in trade payables 14,532 (3,689) Change in due to related parties 6,624 (5,434) Change in other payables and provisions (21,497) (38,672) Cash provided from operations 359,418 276,136 Income taxes paid 8 (51,243) (23,235) Retirement benefits paid (1,472) (1,078) Net cash provided from operating activities 306,703 251,823 TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Cash Flows For the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 6
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(Unaudited) (Unaudited) 1 January - 1 January - 30 September 30 September Notes 2026 2025 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of property, equipment and intangible assets 8,700 538 Acquisition of property and equipment (137,013) (121,899) Additions to airport operation right 9 (4,751) (3,604) Acquisition of intangible assets (1,756) (1,176) Proceeds from exchange rate protected deposit - 6,492 Increase in capital of subsidiary 5 654 Change in due from related parties 10,229 (8,356) Dividends from equity-accounted investments 47,617 57,524 Net cash used in investing activities (76,969) (69,827) CASH FLOWS FROM FINANCING ACTIVITIES Proceeds from borrowings 825,959 67,372 Repayment of borrowings (421,527) (48,537) Lease payments (15,563) (15,707) Dividends paid 22 (47,742) (3,336) Interest received 51,317 28,778 Interest paid (103,500) (68,236) Change in due to related parties (311,765) (15,525) Change in restricted bank balances (29,463) (37,951) Net cash used in financing activities (52,284) (93,142) NET MONETARY POSITION GAINS (2,647) (2,490) NET INCREASE IN CASH AND CASH EQUIVALENTS 174,803 86,364 CASH AND CASH EQUIVALENTS AT 1 JANUARY 12 477,315 352,571 CASH AND CASH EQUIVALENTS AT 30 SEPTEMBER 12 652,118 438,935 TAV Havalimanları Holding A.Ş. and its Subsidiaries Interim Condensed Consolidated Statement of Cash Flows For the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 7
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Notes to the interim condensed consolidated financial statements Page 1 Reporting entity 9-10 2 Basis of preparation 11-12 3 Changes in accounting policies 12-14 4 Determination of fair values 14-15 5 Operating segment 16-21 6 Operating revenue 21 7 Finance income and finance costs 22-23 8 Tax expenses 23-24 9 Airport operation right 25-26 10 Other receivables, current and non-current assets 27 11 Trade receivables 27 12 Cash and cash equivalents 28 13 Restricted bank balances 29 14 Capital and reserves 30 15 Earnings per share 31 16 Loans and borrowings 32-34 17 Other payables 35 18 Derivative financial instruments 36 19 Financial instruments 37-40 20 Commitments, contingencies and contractual obligations 41 21 Related parties 42-46 22 Interests in other entities 47-50 23 Subsequent events 50 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) The accompanying notes form an integral part of these consolidated financial statements. 8
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1. REPORTING ENTITY TAV Havalimanları Holding A.Ş. (“TAV”, “TAV Holding” or “the Company”) was established in 1997 under the name of Tepe Akfen Vie Yatırım Yapım ve İşletme A.Ş. in Türkiye for the purpose of reconstructing the İstanbul Atatürk Airport (International Lines Building) and operating it for a limited period of 66 months. On 7 August 2006, the Company’s name has been changed to TAV Havalimanları Holding A.Ş.. The address of the Company’s registered office is Vadi İstanbul Bulvar, Ayazağa Mah. Azerbaycan Cad. Sarıyer, İstanbul, Türkiye. The Company is listed in Borsa İstanbul since 23 February 2007 and the Company’s shares are traded as “TAVHL”. The interim condensed consolidated financial statements of the Company as at and for the nine-month period ended 30 September 2026 comprise the Company and its subsidiaries (together referred to as the “Group” and individually as “Group entities”) and the Group’s interests in joint ventures. Changes in ownership interest percentages of the Company’s subsidiaries since 31 December 2025 are as follows: 30 September 2026 31 December 2025 Name of Subsidiary Principal Activity Place of operation Ownership interest % Voting power held % Ownership interest % Voting power held % Tunisia Duty Free S.A. (“ATU Tunisia Duty Free”) (*) Duty Free Services Tunisia 50.00 50.00 24.98 50.00 Curiosity Teknoloji A.Ş. (“Curiosity Teknoloji”) (**) Software and System Services Türkiye 51.00 100.00 0.00 0.00 TAV Technologies Egypt LLC (“TAV IT Egypt”) (**) Software and System Services Egypt 100.00 100.00 0.00 0.00 BTA Almaty Airport Services LLP (“BTA Kazakhstan”) (**) Catering Services Kazakhstan 100.00 100.00 0.00 0.00 (*) Additional shares have been purchased in 2026. (**) Established in 2026. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 9
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1. REPORTING ENTITY (continued) Description of Operations The Group and its joint ventures’ core businesses are related to the construction of terminal buildings, management and operation of terminals or airports. TAV Esenboğa entered into Build-Operate-Transfer (“BOT”) agreements with Devlet Hava Meydanları İşletmesi Genel Müdürlüğü (General Directorate of State Airports Authority) (“DHMİ”), TAV Tbilisi with JSC Tbilisi International Airport (“JSC”), TAV Batumi with Georgian Ministry of Economic Development (“GMED”), TAV Tunisia with Tunisian Airport Authority (Office De L’Aviation Civil Et Des Aeroports) (“OACA”), Ministry of Transportation (“MOT”), TAV Macedonia with Macedonian Ministry of Transportation and Communication (“MOTC”). Tibah Development entered into Build-Transfer-Operate (“BTO”) agreement with General Authority of Civil Aviation (“GACA”). TAV Ege, TAV Milas Bodrum, TAV Gazipaşa, TAV Ankara, TAV Antalya and TAV Antalya Yatırım entered into concession agreement with DHMİ and Medunarodna Zracna Luka Zagreb D.D. (“MZLZ”) with Ministry of Maritime Affairs, Transport and Infrastructure of The Republic of Croatia (“MMTI”). Under these agreements, the Group agrees to build or renovate or manage an airport or terminal within a specified period of time and in exchange receives the right to operate the airport and terminal for a pre- established period of time. At the end of the contracts, the Group will transfer the ownership of the terminal buildings or airports back to the related public authority, DHMİ, JSC, GMED, OACA, MOT, MOTC, GACA and MMTI accordingly. Group also signs separate contracts related with the airport operations. On 3 June 2005, TAV İstanbul signed a rent agreement to operate Atatürk International Airport Terminal (“AIAT”) and Atatürk Domestic Airport Terminal (“ADAT”) for 15.5 years until year 2021. According to the concession agreement dated 16 December 2011, TAV Ege started renting and operating the international terminal of İzmir Adnan Menderes Airport at 10 January 2015. The Group indirectly acquired %85 of AIA and VT through its holding companies in 2021. State Airports Authority (DHMI) has declared to the Group in its formal letter that, the applications that the Group had made as per Group’s operating contracts due to the Force Majeure conditions created by pandemic related travel restrictions have been evaluated and the operating periods of the following airports that the Group operates in Turkey which are Antalya, Ankara Esenboğa, Gazipasa-Alanya, Izmir Adnan Menderes and Milas-Bodrum have been extended for two years. The Group has successfully completed force majeure compensation discussions with the Ministry of Transport and Communication of North Macedonia, to compensate for the negative effects of the COVID-19 pandemic. TAV Macedonia DOOEL and the Ministry of Transport and Communication of North Macedonia have signed an agreement in regards to these discussions. As per this agreement, the concession periods of Skopje and Ohrid airports that Group operates in North Macedonia have each been extended for two years and thus the concession expiry date for these airports which was June 2030, has been updated to June 2032. Seasonality of Operations Due to seasonal nature of operations, higher revenues and operating profits are usually expected in the second half of the year rather than in the first six months. Higher sales during the period June to August are mainly attributed to the increased number of passengers during the peak season. The Group employs 24,398 in subsidiaries (average: 23,217) and 12,953 in joint ventures (average: 12,684) (31 December 2025: 21,506 in subsidiaries (average: 21,989) and 12,048 in joint ventures (average: 12,272). TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 10
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2. BASIS OF PREPARATION a) Statement of compliance The interim condensed consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by IASB and IAS 34 Interim Financial Reporting. The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual consolidated financial statements, and should be read in conjunction with the Group’s annual consolidated financial statements as at 31 December 2025. The interim condensed consolidated financial statements were authorized for issue by the Board of Directors on 21 October 2026. The power to change the interim condensed consolidated financial statements after the issuing of the interim condensed consolidated financial statements is held by the General Assembly. b) Basis of measurement The consolidated financial statements have been prepared on the historical cost basis except for financial liabilities at fair value through profit or loss and derivative financial instruments which are measured at fair value. The methods used to measure fair values are discussed further in Note 4. c) Restatement of financial statements during periods of high inflation In accordance with the CMB's decision dated 17 March 2005 and numbered 11/367, for companies operating in Türkiye and preparing financial statements in accordance with Turkish Financial Reporting Standards, the application of inflation accounting has been terminated as of 1 January 2005. Accordingly, as of 1 January 2005, the Standard No. 29 “Financial Reporting in Hyperinflationary Economies” (“IAS 29”) has not been applied. As per the announcement published by the Public Oversight, Accounting and Auditing Standards Authority (“POA”) on 20 January 2022, since the cumulative change in the general purchasing power of the last three years has been 74.41% according to the Consumer Price Index (“CPI”) rates, it has been stated that entities applying the Turkish Financial Reporting Standards (“IFRS”) are not required to make any restatements in their financial statements for 2021 within the scope of IAS 29 “Financial Reporting in High Inflation Economies”. IAS 29 requires the financial statements of any entity whose functional currency is the currency of a hyperinflationary economy to be restated for changes in the general purchasing power of that currency, so that the financial information provided is more meaningful. The Standard lists factors that indicate an economy is hyperinflationary. One of the indicators of hyperinflation is if cumulative inflation over a three-year period approaches, or is in excess of, 100 per cent. Currently, Türkiye has economic conditions that will now require reporting entities to follow the requirements set out in IAS 29 ‘Financial Reporting in Hyperinflationary Economies’. Cumulative change in Consumer Price Index (CPI) for the last 3 years exceeded 100% in 2022. Although Group’s hard currency is EUR, Group applied IAS 29 for the group companies which have TRL as their functional currency starting from 1 January 2022. Indexation of all non-monetary assets, non-monetary liabilities and income statement has been done by using Consumer Price Index. Effect of IAS 29 indexation until 31 December 2021 is accounted under equity. Effect of IAS 29 indexation from 1 January 2022 is accounted under consolidated statement of profit or loss and other comprehensive income. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 11
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2. BASIS OF PREPARATION (continued) d) Basis of presentation of consolidated financial statements The Company and its Turkish subsidiaries maintain their books of account and prepare their statutory financial statements in accordance with accounting principles in the Turkish Commercial Code and tax legislation. Subsidiaries that are registered in foreign countries maintain their books of account and prepare their statutory statements in accordance with the prevailing accounting principles in their registered countries. The accompanying consolidated financial statements are based on the statutory records, with adjustments and reclassifications, for the purpose of fair presentation in accordance with IFRS. e) Functional and presentation currency TAV Holding and its subsidiaries operating in Turkey maintain their books of account and prepare their statutory financial statements in Turkish Lira (“TRL”) in accordance with the accounting principles as promulgated by the Turkish Commercial Code and tax legislation. Functional currency of most of the Group companies operating in Turkey and other countries are determined to be Euro, different from their country’s currency according to IAS 21. Accordingly, functional currency of TAV Holding as a parent company has been determined as Euro. The accompanying consolidated financial statements are presented in EUR, which is the functional currency of TAV Group. All financial information presented in EUR has been rounded to the nearest thousands, except when otherwise indicated. The functional currencies of the Group entities and joint ventures are consistent with the Group’s annual consolidated financial statements for the year ended 31 December 2025. f) The reclassification to prior year financial statements The Group has reassessed the presentation of rent expenses. Accordingly, rent expenses amounting to EUR 36,360 which was previously disclosed under other operating expenses is presented in cost of services rendered in consolidated statement of comprehensive income for the period ended 30 September 2025. 3. CHANGES IN ACCOUNTING POLICIES The new standards, amendments and interpretations a) Amendments that are mandatorily effective from 2026 Amendments to IFRS 9 and IFRS 7 Amendments IFRS 9 and IFRS 7 regarding the classification and measurement of financial instruments Amendments to IFRS 9 and IFRS 7 Regarding power purchase arrangements Annual Improvements Annual Improvements to IFRS Accounting Standards - Volume 11 Amendments to IFRS 9 and IFRS 7 Classification and Measurement of Financial Instruments The amendments address matters identified during the post-implementation review of the classification and measurement requirements of IFRS 9 Financial Instruments. Amendments are effective from annual reporting periods beginning on or after 1 January 2026. Amendments to IFRS 9 and IFRS 7 Power Purchase Arrangements The amendments aim at enabling entities to include information in their financial statements that in the IASB’s view more faithfully represents contracts referencing nature-dependent electricity. Amendments are effective from annual reporting periods beginning on or after 1 January 2026. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 12
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3. CHANGES IN ACCOUNTING POLICIES (continued) The new standards, amendments and interpretations (continued) a) Amendments that are mandatorily effective from 2026 (continued) Annual Improvements to IFRS Accounting Standards – Volume 11 The pronouncement comprises the following amendments: • IFRS 1: Hedge accounting by a first-time adopter • IFRS 7: Gain or loss on derecognition • IFRS 7: Disclosure of deferred difference between fair value and transaction price • IFRS 7: Introduction and credit risk disclosures • IFRS 9: Lessee derecognition of lease liabilities • IFRS 9: Transaction price • IFRS 10: Determination of a ‘de facto agent’ • IAS 7: Cost method Amendments are effective from annual reporting periods beginning on or after 1 January 2026. The aforementioned standard, amendments and improvements do not have any significant effect on the Group's consolidated financial position and performance. b) New and revised IFRSs in issue but not yet effective The Group has not yet adopted the following standards and amendments and interpretations to the existing standards: IFRS 18 Presentation and Disclosures in Financial Statements IFRS 19 Subsidiaries without Public Accountability: Disclosures Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures Amendments to IAS 21 Translation to a Hyperinflationary Presentation Currency Amendments to IFRS S2 Greenhouse Gas Emissions Disclosures Amendments to IAS 28 Amendments to the Fair Value Option for Investments in Associates and Joint Ventures IFRS 20 Regulatory Assets and Regulatory Liabilities IFRS 18 Presentation and Disclosures in Financial Statements IFRS 18 includes requirements for all entities applying IFRS for the presentation and disclosure of information in financial statements. This standard is effective from annual reporting periods beginning on or after 1 January 2027. IFRS 19 Subsidiaries without Public Accountability: Disclosure IFRS 19 specifies the disclosure requirements an eligible subsidiary is permitted to apply instead of the disclosure requirements in other IFRS Accounting Standards. This standard is effective from annual reporting periods beginning on or after 1 January 2027. Amendments to IFRS 19 Subsidiaries without Public Accountability: Disclosures The amendments cover new or amended IFRS Accounting Standards issued between 28 February 2021 and 1 May 2024 that were not considered when IFRS 19 was first issued. Amendments are effective from annual reporting periods beginning on or after 1 January 2027. Amendments to IAS 21 Translation to a Hyperinflationary Presentation Currency The amendments clarify how companies should translate financial statements from a non-hyperinflationary currency into a hyperinflationary one. Amendments are effective from annual reporting periods beginning on or after 1 January 2027. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 13
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3. CHANGES IN ACCOUNTING POLICIES (continued) The new standards, amendments and interpretations (continued) b) New and revised IFRSs in issue but not yet effective (continued) Amendments to IFRS S2 Greenhouse Gas Emissions Disclosures The amendments to IFRS S2 aim at supporting entities applying IFRS S2 by reducing the complexity, risk of potential duplication of reporting and related costs of applying specific requirements in IFRS S2. Amendments are effective from annual reporting periods beginning on or after 1 January 2027 The Group evaluates the effects of these standards, amendments and improvements on the consolidated financial statements. Amendments to IAS 28 Amendments to the Fair Value Option for Investments in Associates and Joint Ventures The amendments provide clarity about which entities are eligible to measure investments using the fair value option in IAS 28. Annual reporting periods beginning on or after 1 January 2027 IFRS 20 Regulatory Assets and Regulatory Liabilities IFRS 20 requires an entity that is subject to a regulatory agreement to provide information about its regulatory assets, regulatory liabilities, regulatory income and regulatory expense. Applicable to annual reporting periods beginning on or after 1 January 2029. Group evaluates the effects of these standards, amendments and improvements on the consolidated financial statements. 4. DETERMINATION OF FAIR VALUES i) Derivatives: The fair value is estimated by discounting the difference between the contractual forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate (based on government bonds) or option pricing models. The fair value of interest rate swaps is based on broker quotes. Those quotes are tested for reasonableness by discounting estimated future cash flows based on the terms and maturity of each contract and using market interest rates for a similar instrument at the measurement date. Fair values reflect the credit risk of the instrument and include adjustments to take account of the credit risk of the Group entity and counterparty when appropriate. ii) Other non-derivative financial liabilities: Fair value, which is determined for disclosure purposes, is calculated based on the present value of future principal and interest cash flows, discounted at the market rate of interest at the reporting date. Fair value hierarchy: The table below analyses financial instruments carried at fair value, by valuation method. The different levels have been defined as follows: • Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date. • Level 2: inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3: unobservable inputs for the asset or liability. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 14
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4. DETERMINATION OF FAIR VALUES (continued) ii) Other non-derivative financial liabilities: (continued) Fair value hierarchy: (continued) 30 September 2026 Level 1 Level 2 Level 3 Financial assets - 344 - Interest rate swap - 15,478 - Cross currency swap - (11,627) - Financial liabilities at fair value through profit or loss - - (17,699) 31 December 2025 Level 1 Level 2 Level 3 Financial assets - 348 - Interest rate swap - 31,641 - Cross currency swap - (26,789) - Financial liabilities at fair value through profit or loss - - (17,699) TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 15
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5. OPERATING SEGMENTS Operating Segments: For management purposes, the Group and its joint ventures are currently organised into four reportable segments regarding to their activities; such as Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations. These reportable segments are the basis on which the Group reports its primary segment information, the principal activities of each are as follows: • Terminal operations: Operating terminal buildings, the car park and the general aviation terminal, the Group companies included in this segment are TAV İstanbul, TAV Esenboğa, TAV Ankara, TAV Ege, TAV Milas Bodrum, TAV Tunisia, TAV Tbilisi, TAV Batumi, Batumi Airport LLC, TAV Macedonia, TAV Gazipaşa, TAV Uluslararası Yatırım, Tibah Development, Tibah Operation, MZLZ, MZLZ Operation, AMS; TAV Antalya and AIA. TAV Tbilisi, TAV Batumi, TAV Tunisia, TAV Macedonia, TAV Gazipaşa, TAV Antalya, TAV Antalya Yatırım, MZLZ and AIA also include the ground handling operations, and parking-apron-taxi ways as they are not outsourced and are run by the airport. • Catering operations: Managing all food and beverage operations of the terminal, both for the passengers and the terminal personnel, which is run by BTA, BTA Georgia, BTA Tunisia, BTA Macedonia, Cakes & Bakes, BTA Latvia, BTA Denizyolları, BTA Medinah, BTA Uluslararası Yiyecek, BFA Antalya, BTA Kazakhstan, BTA MZLZ and ACS. • Duty free operations: Sales of duty free goods for the international arriving and departing passengers. The Group operates its duty free services through ATU, ATU Georgia, ATU Tunisia, ATU Macedonia, ATU Kazakhstan, ATU Latvia, ATU Tunisia Duty Free, ATU Medinah, ATU Antalya, ATU Mağazacılık and ATU Uluslararası Mağazacılık. • Ground handling and bus operations: Providing traffic, ramp, flight operation, cargo and all other ground handling services for domestic and international flights under the Civil Aviation Legislation License. The Group operates the ground handling services through HAVAŞ, HAVAŞ Latvia, TAV Gözen, TGS, Saudi HAVAŞ, HAVAŞ Kazakhstan, HAVAŞ MZLZ, HAVAŞ Macedonia and Havaş Georgia. HAVAŞ provides bus operations. • Other: Providing lounge services, IT, security and education services, airline taxi services, the Group companies included in this segment are TAV Holding, TAV Latvia, TAV İşletme, TAV İşletme Georgia, TAV İşletme Tunisia, TAV İşletme Tunisia Plus, TAV İşletme Macedonia, TAV İşletme Germany, TAV İşletme Latvia, TAV İşletme Kenya, TAV İşletme America, TAV İşletme Washington, TAV İşletme New York, TAV İşletme Kazakhstan, TAV İşletme SASA, TAV İşletme Madagascar, TAV İşletme Bermuda, TAV İşletme Bulgaria, TAV İşletme Dulles, GIS Spain, GIS France, GIS Italy, TAV İşletme Saudi, Paris Lounge Network, TAV İşletme Chile, TAV İşletme Narita, TAV Bilişim, TAV IT Saudi, TAV IT Netherlands, TAV IT Qatar, TAV Technologies SPA, TAV IT Dubai, Curiosity Teknoloji, TAV IT Egypt, TAV Güvenlik, Aerosec Security, TAV Akademi, Aviator Netherlands, PMIA Aviator BV, ZAIC-A, ATU Holdings, Medinah Hotel, Holdco, AAIH, Aeroser, TAV Kazakhstan, VT and FBO. Information regarding the results of each reportable segment is included below. Performance is measured based on segment operating profit, as included in the internal management reports that are reviewed by the Group’s Management. Segment profit is used to measure performance as management believes that such information is the most relevant in evaluating the results of certain segments relative to other entities that operate within these industries. Inter-segment pricing is determined on arm’s length basis. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 16
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5. OPERATING SEGMENTS (continued) Operating Segments (continued) Nine-month period ended 30 September Terminal Operations Catering Operations Duty Free Operations Ground Handling and Bus Operations Other Operations Total 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Total external revenues 1,025,961 992,941 220,591 187,492 367,050 308,207 590,873 502,802 267,476 274,365 2,471,951 2,265,807 Inter-segment revenue 52,990 43,836 18,639 15,247 1 2 932 1,164 64,099 45,873 136,661 106,122 Construction revenue 10,344 - - - - - - - - - 10,344 - Construction expenditure (10,344) - - - - - - - - - (10,344) - Interest income 7,690 9,823 2,423 2,386 1,708 2,563 1,722 1,670 61,309 73,832 74,852 90,274 Interest expenses (147,311) (128,962) (5,918) (5,277) (4,591) (485) (5,831) (4,395) (61,357) (46,816) (225,008) (185,935) Depreciation and amortisation (244,049) (224,708) (10,101) (8,814) (6,660) (4,922) (22,853) (18,240) (28,422) (21,168) (312,085) (277,852) Reportable segment operating profit 268,974 262,630 20,426 18,172 21,600 30,348 67,299 60,244 42,545 28,328 420,844 399,722 Capital expenditures 136,463 117,561 8,602 24,225 14,511 11,225 8,259 6,383 17,661 12,979 185,496 172,373 As at 30 September 2026 and 31 December 2025 Terminal Operations Catering Operations Duty Free Operations Ground Handling and Bus Operations Other Operations Total30 September 2026 31 December 2025 30 September 2026 31 December 2025 30 September 2026 31 December 2025 30 September 2026 31 December 2025 30 September 2026 31 December 2025 30 September 2026 31 December 2025 Reportable segment assets 5,166,399 4,919,201 108,602 87,888 253,547 230,293 375,011 313,365 1,723,500 1,668,873 7,627,059 7,219,620 Reportable segment liabilities 4,632,971 4,147,190 131,698 119,490 163,262 132,984 171,041 102,145 402,042 736,457 5,501,014 5,238,266 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 17
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5. OPERATING SEGMENTS (continued) Three-month period ended 30 September Terminal Operations Catering Operations Duty Free Operations Ground Handling and Bus Operations Other Operations Total 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 2026 2025 Total external revenues 426,627 418,411 101,422 88,420 174,546 147,320 236,191 200,939 100,516 95,590 1,039,302 950,680 Inter-segment revenue 26,472 23,012 7,308 5,752 - 1 385 395 31,153 17,970 65,318 47,130 Construction revenue 2,793 - - - - - - - - - 2,793 - Construction expenditure (2,793) - - - - - - - - - (2,793) - Interest income 3,384 3,311 980 937 770 902 862 444 17,706 22,959 23,702 28,553 Interest expenses (48,563) (57,162) (1,662) (1,786) (1,881) (14) (2,283) (1,338) (31,057) (15,829) (85,446) (76,129) Depreciation and amortisation (120,707) (110,779) (3,647) (3,484) (2,588) (1,836) (8,796) (6,591) (10,412) (8,567) (146,150) (131,257) Reportable segment operating profit 141,846 142,899 18,979 17,486 17,005 18,678 46,413 35,381 28,100 9,875 252,343 224,319 Capital expenditures 52,027 45,176 3,869 3,770 8,404 5,370 2,364 3,151 6,281 4,614 72,945 62,081 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 18
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5. OPERATING SEGMENTS (continued) Reconciliations of reportable segment revenues, profit before tax, assets and liabilities and other material items 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Revenues Total revenue for reportable segments 2,287,381 975,744 2,051,691 884,250 Other revenue 331,575 131,669 320,238 113,560 Elimination of inter-segment revenue (136,661) (65,318) (106,122) (47,130) 2,482,295 1,042,095 2,265,807 950,680 Effect of using the equity method for joint ventures (1,021,168) (448,294) (876,046) (384,400) Consolidated revenue 1,461,127 593,801 1,389,761 566,280 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Operating profit Segment operating profit 378,299 224,243 371,394 214,444 Other operating profit 42,545 28,100 28,328 9,875 420,844 252,343 399,722 224,319 Effect of using the equity method for joint ventures (92,266) (35,104) (114,974) (27,360) Consolidated operating profit 328,578 217,239 284,748 196,959 Finance income 63,895 45,762 51,162 14,786 Finance expenses (175,962) (72,329) (183,476) (60,517) Net monetary position gains / (losses) 2,592 (1,187) 850 (213) Consolidated profit before tax 219,103 189,485 153,284 151,015 30 September 31 December 2026 2025 Assets Total assets for reportable segments 5,903,559 5,550,747 Other assets 1,723,500 1,668,873 7,627,059 7,219,620 Effect of using the equity method for joint ventures (2,233,655) (2,206,245) Consolidated total assets 5,393,404 5,013,375 30 September 31 December 2026 2025 Liabilities Total liabilities for reportable segments 5,098,972 4,501,809 Other liabilities 402,042 736,457 5,501,014 5,238,266 Effect of using the equity method for joint ventures (1,861,107) (1,834,266) Consolidated total liabilities 3,639,907 3,404,000 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 19
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5. OPERATING SEGMENTS (continued) 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Interest income Total interest income for reportable segments 13,543 5,996 16,442 5,594 Other interest income 61,309 17,706 73,832 22,959 Elimination of inter-segment interest income (49,763) (14,230) (46,851) (15,601) 25,089 9,472 43,423 12,952 Effect of using the equity method for joint ventures (2,050) (2,237) (2,495) (589) Consolidated interest income 23,039 7,235 40,928 12,363 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Interest expenses Total interest expenses for reportable segments (163,651) (54,389) (139,119) (60,300) Other interest expenses (61,357) (31,057) (46,816) (15,829) Elimination of inter-segment interest expenses 46,695 13,528 46,169 14,919 (178,313) (71,918) (139,766) (61,210) Effect of using the equity method for joint ventures 51,798 18,166 37,055 23,030 Consolidated interest expenses (126,515) (53,752) (102,711) (38,180) Geographical information The main geographical segments of the Group and its joint ventures are comprised of Türkiye, Kazakhstan, Georgia, Macedonia, Tunisia, Croatia, Qatar, France, Latvia, Oman, Spain, Saudi Arabia and United States. In presenting information on the basis of geographical segments, segment revenue is based on the geographical location of revenue. Segment assets are based on the geographical location of the assets. 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Revenue Türkiye 662,131 302,074 585,662 265,313 Kazakhstan 389,950 122,553 377,318 133,838 Georgia 132,340 58,213 128,507 52,797 Macedonia 54,850 21,925 46,895 19,158 Tunisia 50,882 26,933 48,828 25,564 Croatia 37,472 14,266 35,335 13,652 United States 33,261 10,723 33,472 13,225 Latvia 24,095 8,766 22,933 8,404 France 22,266 8,045 23,544 8,433 Oman 15,990 5,644 19,809 5,945 Saudi Arabia 11,980 4,193 11,316 3,235 Qatar 6,930 3,328 29,346 8,592 Spain 1,260 83 8,855 2,256 Other 17,720 7,055 17,941 5,868 Consolidated revenue 1,461,127 593,801 1,389,761 566,280 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 20
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5. OPERATING SEGMENTS (continued) Geographical information (continued) 30 September 31 December 2026 2025 Non-current assets Türkiye 2,622,185 2,686,019 Kazakhstan 697,568 649,626 Tunisia 386,556 383,984 United States 123,482 110,797 Macedonia 79,173 84,710 Georgia 41,792 38,887 France 27,173 34,143 Croatia 9,400 10,153 Qatar 5,876 6,017 Oman 5,358 6,369 Spain 4,404 4,612 Latvia 2,306 2,372 Saudi Arabia 1,637 1,845 Other 79,147 59,018 Consolidated non-current asset 4,086,057 4,078,552 Bookmark 6. OPERATING REVENUE An analysis of the Group’s operating revenue for the year ended 30 September is as follows: 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Aviation income 511,445 194,127 503,696 207,171 Ground handling income 340,979 142,717 307,854 129,892 Catering services income 202,106 90,305 170,271 77,050 Income from lounge services and prime class 130,320 48,785 125,637 48,053 Commission from sales of duty free goods 78,445 38,827 70,460 34,224 Security services income 37,364 14,242 25,084 9,309 Area allocation income 33,273 11,494 31,311 10,631 Income from car parking operations and valet service income 22,884 8,532 21,896 6,887 Rent income from sublease 21,705 11,597 20,046 11,285 Bus services income 13,032 5,376 11,086 4,337 Software sales income 12,817 4,427 11,415 3,412 Advertising income 9,955 4,334 5,836 2,531 Hardware sales income 9,149 4,676 16,685 3,514 Loyalty card income 4,013 1,498 4,050 2,132 Utility and general participation income 3,322 1,315 2,636 861 Hotel and reservation income 2,781 938 4,015 1,529 Other operating revenue 27,537 10,611 57,783 13,462 Total operating revenue 1,461,127 593,801 1,389,761 566,280 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 21
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7. FINANCE INCOME AND FINANCE COSTS Recognised in profit or loss An analysis of the Group’s finance income and finance costs for the years ended 30 September is as follows: 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Interest income on bank deposits and intercompany loans 23,039 7,235 40,928 12,363 Other financial assets income (*) 3,191 1,105 3,954 1,070 Discount income - - 1,139 901 Other finance income (**) 37,665 37,422 5,141 452 Finance income 63,895 45,762 51,162 14,786 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Interest expenses on financial liabilities and intercompany loans (126,515) (53,752) (102,711) (38,180) Discount expenses (***) (28,817) (9,781) (26,696) (10,442) Interest expenses provision on employee benefit obligation (6,923) (2,256) (5,218) (1,404) Bank charges (5,742) (2,953) (3,276) (1,019) Commission expenses (4,840) (1,793) (4,926) (1,588) Foreign exchange loss, net (1,181) (284) (40,649) (7,884) Other finance costs (**) (1,944) (1,510) - - Finance costs (175,962) (72,329) (183,476) (60,517) Net finance cost (112,067) (26,567) (132,314) (45,731) (*) Other financial assets income is related with ground handling contract between HAVAŞ and Türk Hava Yolları (“THY”), which is the shareholder of TGS, in order to resume the current ownership of THY and HAVAŞ. (**) Other finance income / (costs) include financial income and expenses due to the application of IAS 28 and IRS unwinding effect of Almaty. (***) Discount expenses is related with the unwinding of discount on concession payables amounting to EUR 28,817 as of 30 September 2026 (30 September 2025: EUR 26,696). TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 22
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7. FINANCE INCOME AND FINANCE COSTS (continued) Recognised in other comprehensive income 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Tax on cash flow hedge reserves (6,987) (5,551) 11,197 (1,147) Portion of cash flow hedges charged to profit or loss 39,292 37,234 4,315 - Effective portion of changes in fair value of cash flow hedges (14,077) (9,602) 4,903 8,767 Foreign currency translation differences for foreign operations 41,330 15,612 (55,650) 10,912 Finance costs recognised in other comprehensive income, net of tax 59,558 37,693 (35,235) 18,532 Bookmark 8. TAX EXPENSES An analysis of the Group’s tax expense for the years ended 30 September is as follows: Tax recognised in profit or loss 2026 2025 Current tax expense Current year tax expenses 58,649 32,244 Adjustments for prior periods 2,934 (86) 61,583 32,158 Deferred tax (benefit) / expense Origination and reversal of temporary differences (26,415) 31,836 Change in previously recognised investment incentives (12,650) 2,023 Effect of change in tax rates 4,648 - Recognition of current period tax losses 2,964 (1,464) (31,453) 32,395 Total tax expenses 30,130 64,553 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 23
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8. TAX EXPENSES (continued) Reconciliation of effective tax rate The reported tax expenses for the years ended 30 September 2026 and 2025 are different than the amounts computed by applying the statutory tax rate to profit before tax of the Group, as shown in the following reconciliation: % 2026 % 2025 Income before tax from continuing operations 219,104 153,284 Loss before tax from discontinued operations (294) (227) Income before income tax 218,810 153,057 Tax using the Company’s domestic tax rate 25 % 54,702 25 % 38,265 Tax effects of: - non-deductible expenses — % 153 9 % 13,249 - translation of non-monetary items according to IAS 21 (4) % (8,309) 18 % 27,961 - change in previously recognised investment incentives (6) % (12,650) 1 % 2,023 - tax exempt income (3) % (5,557) (2) % (2,848) - used tax loss carry forwards which no deferred tax asset is recognised (1) % (2,850) (9) % (13,694) - current year losses which no deferred tax asset is recognised 9 % 20,614 11 % 17,300 - effect of different tax rates for foreign jurisdictions (3) % (6,468) (8) % (12,501) - under / (over) provided in prior years 1 % 2,934 — % (86) - effect of hyperinflation (4) % (7,678) (7) % (10,939) - adjustment for equity accounted investments 1 % 2,489 6 % 9,243 - effect of change in tax rates 2 % 4,648 — % - - other consolidation adjustments (5) % (11,898) (2) % (3,420) Tax expenses 14 % 30,130 42 % 64,553 Total tax expenses from continuing operations 30,130 64,553 Corporate tax: 30 September 31 December 2026 2025 Corporate tax provision 58,649 45,287 Adjustments for prior periods 2,934 1,154 Add / (less): taxes payable from previous period 9,231 4,808 Less: corporation taxes paid during the period (51,243) (42,018) Current tax liabilities 19,571 9,231 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 24
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9. AIRPORT OPERATION RIGHT İzmir Adnan Menderes International Airport Enfidha International Airport Alanya Gazipaşa Airport Skopje International Airport Ankara Airport Tbilisi International Airport Milas Bodrum Airport Almaty Airport Total Cost Balance at 1 January 2025 811,371 595,488 48,198 132,038 - 117,792 524,320 89,793 2,319,000 Effect of movements in exchange rates - - - - - (10,353) - (10,627) (20,980) Additions - - - - - - 33 - 33 Transfers (*) (**) - - - - 551,584 - - - 551,584 Balance at 30 September 2025 811,371 595,488 48,198 132,038 551,584 107,439 524,353 79,166 2,849,637 Balance at 1 January 2026 819,361 595,489 48,199 132,038 565,012 108,019 530,694 79,220 2,878,032 Effect of movements in exchange rates - - - - - 7,924 - 2,672 10,596 Additions 115 - - - 3,166 - 1,470 - 4,751 Transfers (*) (**) - - - - (16,302) - 6,316 - (9,986) Balance at 30 September 2026 819,476 595,489 48,199 132,038 551,876 115,943 538,480 81,892 2,883,393 (*) There is no capitalised borrowing cost on airport operation right during 2026 (30 September 2025: EUR 6,949 ). (**) Transfer amounting from EUR 6,316 comprises transfer from property and equipment. Transfer amounting to EUR 16,302 comprises transfer to other current assets (30 September 2025: Transfer amounting from EUR 233,808 and EUR 118,750 comprise transfer from property and equipment and other non-current assets. Remaining portion is related with IFRIC 12 application). TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 25
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14. 9. AIRPORT OPERATION RIGHT (continued) İzmir Adnan Menderes International Airport Enfidha International Airport Alanya Gazipaşa Airport Skopje International Airport Ankara Airport Tbilisi International Airport Milas Bodrum Airport Almaty Airport Total Accumulated amortisation Balance at 1 January 2025 335,571 208,337 34,742 61,358 - 90,299 132,314 3,309 865,930 Effect of movements in exchange rates - - - - - (8,300) - (419) (8,719) Amortisation for the period 28,886 7,380 493 5,174 4,131 9,412 14,157 631 70,264 Balance at 30 September 2025 364,457 215,717 35,235 66,532 4,131 91,411 146,471 3,521 927,475 Balance at 1 January 2026 373,050 217,871 35,432 68,172 7,599 94,536 150,690 3,693 951,043 Effect of movements in exchange rates - - - - - 7,380 - 139 7,519 Amortisation for the period 30,914 8,120 639 6,315 9,439 9,522 18,840 643 84,432 Balance at 30 September 2026 403,964 225,991 36,071 74,487 17,038 111,438 169,530 4,475 1,042,994 Carrying amounts At 30 September 2025 446,914 379,771 12,963 65,506 547,453 16,028 377,882 75,645 1,922,162 At 31 December 2025 446,311 377,618 12,767 63,866 557,413 13,483 380,004 75,527 1,926,989 At 30 September 2026 415,512 369,498 12,128 57,551 534,838 4,505 368,950 77,417 1,840,399 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 26
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10. OTHER RECEIVABLES, CURRENT AND NON-CURRENT ASSETS At 30 September 2026 and 31 December 2025, other receivables and current assets comprised the following: 30 September 31 December Other receivables and current assets 2026 2025 Advances to suppliers 107,973 22,584 VAT deductible 40,222 48,731 Prepaid taxes and funds 27,227 31,740 Income accruals 21,868 8,792 Other prepaid expense 13,302 8,534 Prepaid insurance 4,929 2,961 Advances given to personnel 2,655 1,274 Deposits and guarantees given 1,037 1,024 Other receivables 33,484 10,366 252,697 136,006 At 30 September 2026 and 31 December 2025, other receivables and current assets comprised the following: 30 September 31 December Other non-current assets 2026 2025 Financial assets (*) 60,591 55,343 Other non-current receivables 62,062 50,533 122,653 105,876 (*) Amount related to 15 years (3+3+3+3+3) ground handling contract between HAVAŞ and Türk Hava Yolları (“THY”), which is the shareholder of TGS, in order to resume the current ownership of THY and HAVAŞ. 11. TRADE RECEIVABLES At 30 September 2026 and 31 December 2025, trade receivables comprised the following: 30 September 31 December Trade receivables: 2026 2025 Trade receivables 196,051 132,931 Notes receivable 1,945 2,784 Doubtful receivables 32,630 31,759 Allowance for doubtful receivables (-) (32,630) (31,759) Other trade receivables 18 - 198,014 135,715 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 27
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12. CASH AND CASH EQUIVALENTS At 30 September 2026 and 31 December 2025, cash and cash equivalents comprised the following: 30 September 31 December Cash and cash equivalents 2026 2025 Cash on hand 761 1,905 Cash at banks - Demand deposits 197,267 214,447 - Time deposits 443,520 228,201 Other liquid assets 10,570 32,762 Cash and cash equivalents in the statement of cash flows 652,118 477,315 The details of the Group’s time deposits, maturities and interest rates as at 30 September 2026 and 31 December 2025 are as follows: 30 September 2026 Original Currency Maturity Interest rate % Balance EUR October – December 2026 1.70 - 4.25 220,479 USD October 2026– September 2027 1.75 - 3.75 200,799 TRL October 2026 36.00 - 38.00 7,010 Other October 2026 – September 2027 7.49 - 16.25 15,232 443,520 31 December 2025 Original Currency Maturity Interest rate % Balance EUR January – February 2026 1.75 - 2.40 204,187 USD January – November 2026 1.50 - 2.50 15,960 TRL January 2026 38.00 - 38.75 3,355 Other January – October 2026 7.00 - 17.25 4,699 228,201 The Group’s exposure to interest rate risk and a sensitivity analysis for financial assets and liabilities are disclosed in Note 19. There is no blockage or restriction on the use of cash and cash equivalents as at 30 September 2026 and 31 December 2025. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 28
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13. RESTRICTED BANK BALANCES At 30 September 2026 and 31 December 2025, restricted bank balances comprised the following: 30 September 31 December Restricted bank balances 2026 2025 Project reserve and funding accounts (*) 102,831 100,037 102,831 100,037 (*) T AV Tunisia, TAV Macedonia, TAV Ankara, TAV Milas Bodrum and TAV Ege (“the Borrowers”) opened various accounts designated mainly in order to reserve required amount of debt services, lease payment to DHMİ and other state authorities based on agreements with their lenders ( 31 December 2025 : TAV Kazakhstan, T AV Tunisia, TAV Macedonia, TAV Ankara, TAV Milas Bodrum and TAV Ege) and other purposes. As a result of pledges regarding the project bank loans, all cash except for cash on hand are classified in these accounts for TAV Tunisia, TAV Ege, TAV Macedonia and TAV Milas Bodrum. Based on these agreements, the Group can access and use such restricted cash as per the conditions and cascade defined in respective loan agreements. The project accounts should be used for predetermined purposes, such as, operational expenses, loan repayments or rent payments to airport administrations, tax payments, debt service, etc. 30 September 2026 Original Currency Interest rate % Balance EUR 0.01 - 0.25 92,029 TRL 36.82 9,877 USD - 925 102,831 31 December 2025 Original Currency Interest rate % Balance EUR 0.01 - 0.20 70,232 USD 2.99 27,269 TRL 27.00 - 39.25 2,536 100,037 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 29
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14. CAPITAL AND RESERVES At 30 September 2026 and 31 December 2025, the shareholding structure of the Company was as follows: 30 September Shareholders (%) 2026 Aeroports de Paris SA ("Groupe ADP") 46.12 167,542 Tepe İnşaat Sanayi A.Ş. (“Tepe İnşaat”) 4.02 14,613 Other free float 49.86 181,126 Paid in capital in TRL (nominal) 100.00 363,281 Paid in capital in EUR (nominal) as at 30 September 2026 6,544 Effect of non-cash increases and exchange rates 155,840 Paid in capital EUR 162,384 31 December Shareholders (%) 2025 Aeroports de Paris SA ("Groupe ADP") 46.12 167,542 Tepe İnşaat Sanayi A.Ş. (“Tepe İnşaat”) 4.06 14,751 Other free float 49.82 180,988 Paid in capital in TRL (nominal) 100.00 363,281 Paid in capital in EUR (nominal) as at 31 December 2025 7,200 Effect of non-cash increases and exchange rates 155,184 Paid in capital EUR 162,384 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 30
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15. EARNINGS PER SHARE The calculation of basic and diluted EPS at 30 September 2026 was based on the profit from continued operations attributable to ordinary shareholders of EUR 173,685 (30 September 2025 : profit attributable to ordinary EUR 75,503) and a weighted average number of ordinary shares outstanding of 363,281,250 (30 September 2025: 363,281,250) as follows: 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Numerator: Profit for the period attributable to owners of the Company from continued operations 173,685 165,382 75,503 125,434 Loss for the period attributable to owners of the Company from discontinued operations (294) (17) (227) (164) Denominator: Weighted average number of shares 363,281,250 363,281,250 363,281,250 363,281,250 Basic and diluted profit per share for continued operations (full EUR) 0.48 0.46 0.21 0.35 1 January - 1 January - 30 September 30 September 2026 2025 Issued ordinary shares at 1 January 363,281,250 363,281,250 Weighted average number of ordinary shares 363,281,250 363,281,250 Bookmark TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 31
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16. LOANS AND BORROWINGS This note provides information about the contractual terms of the Group’s interest-bearing loans and borrowings, which are measured at amortized cost and at fair value through profit or loss. For more information about the Group’s exposure to foreign currency risk arising from these loans and borrowings, see Note 19. 30 September 31 December 2026 2025 Non-current liabilities Secured bank loans (*) 1,125,703 860,599 Bonds (**) 332,887 315,515 Lease liabilities 179,960 150,042 Unsecured bank loans 128,148 11,043 Financial liabilities at fair value through profit or loss (***) 17,699 17,699 1,784,397 1,354,898 Current liabilities Short term secured bank loans (*) 247,760 243,822 Current portion of long term secured bank loans (*) 178,522 142,188 Short term unsecured bank loans 36,742 11,053 Current portion of bonds (**) 28,895 27,219 Current portion of long term lease liabilities 20,173 17,640 Current portion of long term unsecured bank loans 3,791 2,228 515,883 444,150 (*) Secured bank loans mainly consist of project finance loans that have been secured by pledges. (**) The group completed the issuance of debt instruments for sale outside of Türkiye on 7 December 2023. The nominal value of the notes sold is USD 400 million and the coupon rate is 8.50%. The maturity of the notes is 5 years. The cash outflow of the notes from the Group have been converted to euro through a cross-currency swap between U.S. dollars and euro. After the cross currency swap is factored in, the 8.50% coupon rate of the instrument has decreased to an effective rate of 6.87% in euro terms for the Group. (***) Financial liabilities at fair value through profit or loss, comprise of participation right for lenders which is booked with its fair value. The Group’s total bank loans and finance lease liabilities as at 30 September 2026 and 31 December 2025 are as follows: 30 September 31 December 2026 2025 Bank loans 1,720,666 1,270,933 Bonds 361,782 342,734 Lease liabilities 200,133 167,682 Financial liabilities at fair value through profit or loss 17,699 17,699 2,300,280 1,799,048 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 32
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16. LOANS AND BORROWINGS (continued) The Group’s bank loans as at 30 September 2026 are as follows: 30 September 2026 Presented as Current liabilities Non-current liabilities Total TAV Kazakhstan 38,059 440,114 478,173 TAV Ankara 30,931 268,757 299,688 TAV Tunisia 245,509 - 245,509 TAV Ege 26,694 125,355 152,049 TAV Holding 40,834 98,315 139,149 TAV Tbilisi 1,468 113,783 115,251 TAV Milas Bodrum 15,593 65,691 81,284 BTA 35,172 33,403 68,575 HAVAŞ 2,740 56,961 59,701 TAV Macedonia 17,540 34,326 51,866 TAV İşletme 12,275 17,146 29,421 466,815 1,253,851 1,720,666 The Group’s bank loans as at 31 December 2025 are as follows: 31 December 2025 Presented as Current liabilities Non-current liabilities Total TAV Kazakhstan 41,052 317,566 358,618 TAV Ankara 25,344 271,710 297,054 TAV Tunisia 243,564 - 243,564 TAV Ege 23,816 131,829 155,645 TAV Milas Bodrum 14,927 70,624 85,551 TAV Macedonia 13,918 40,533 54,451 BTA 27,722 13,182 40,904 TAV İşletme 6,935 15,153 22,088 TAV Holding 2,013 11,045 13,058 399,291 871,642 1,270,933 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 33
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16. LOANS AND BORROWINGS (continued) Redemption schedules of the Group’s bank loans according to original maturities as at 30 September 2026 and 31 December 2025 are as follows: 30 September 31 December 2026 2025 On demand or within one year 466,815 399,291 Between one and five years 890,611 521,172 After five years 363,240 350,470 1,720,666 1,270,933 The majority of the borrowings are arranged at floating rates, thus exposing the Group to cash flow interest rate risk. Spreads for EUR denominated loans as at 30 September 2026 are between 2.50% - 5.50%, USD denominated loans as at 30 September 2026 are 2.75% - 3.35% (31 December 2025: Spreads for EUR and USD denominated loans are between 2.50% - 5.50% and 1.01% - 4.50%, respectively). Interest payments of 75%, 50% and 90% of floating bank loans for TAV Ege, TAV Ankara and TAV Milas Bodrum respectively are fixed with interest rate swaps as explained in Note 19 (31 December 2025: 13%, 90%, 54% and 70% for TAV Ege, TAV Milas Bodrum, TAV Kazakhstan and AIA respectively). The Group has obtained project financing loans to finance construction of its BOT and BTO concession projects, namely TAV Macedonia, TAV Tunisia and TAV Ege; and to be able to finance advance payments to DHMİ related to rent agreement of TAV Milas Bodrum. Covenants Certain project finance agreements include technical default clauses in case of non-compliance with financial ratios. Financing agreements of TAV Milas Bodrum, TAV Ege, TAV Kazakhstan, TAV Tunisia and TAV Macedonia have covenants. TAV Tunisia has been in breach of its financial agreements due to slow passenger recovery from the pandemic period. Therefore, the non-current loan liabilities of TAV Tunisia were reclassified to current loan liabilities on 30 June 2023 and the amount outstanding as of 30 September 2026 is EUR 245,509 (including interest accrual). TAV Tunisia has not received any Acceleration Notice from the Lenders. Except for TAV Tunisia, there is no breach of financial agreements as at 30 September 2026. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 34
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17. OTHER PAYABLES At 30 September 2026 and 31 December 2025, other payables comprised the following: 30 September 31 December Other short-term payables 2026 2025 Concession payables (*) 126,813 125,969 Deferred payment liability 117,140 90,568 Taxes and duties payables 57,013 47,975 Advances received 28,839 23,405 Expense accruals 23,266 21,017 Due to personnel 11,341 8,385 Social security premiums payables 9,831 10,719 Other accruals and liabilities 5,116 5,045 379,359 333,083 30 September 31 December Other long-term payables 2026 2025 Concession payable (*) 598,024 605,048 Advances received 34,374 35,570 Other accruals and liabilities 11,130 12,324 643,528 652,942 The Group’s exposure to currency and liquidity risk is related to other payables is disclosed in Note 19. (*) TAV Tunisia has a concession period of 40 years and annual concession fee is paid based on the annual revenue of Monastir and Enfidha Airports. The Group and The Republic of Tunisia have signed an amendment on 6 November 2019 to the existing concession agreement governing the operation of Monastir and Enfidha airports. This amendment significantly reduces the past and present concession fees of TAV Tunisia and restructures the historical concession fees payable and the future concession fee calculation schedule. The concession fee is computed at an increasing rate between 5% and 39% of the annual revenues. The concession fee of TAV Macedonia is 15% of the gross annual turnover until the number of passengers using the two airports reaches to 1 million, and when the number of passengers exceeds 1 million, this percentage shall change between 4% and 2% depending on the number of passengers. A concession agreement was executed between TAV Milas Bodrum and DHMİ on 11 July 2014 for the leasing of the operating rights of the Milas Bodrum Airport’s existing international terminal, CIP, general aviation terminal, domestic terminal and its auxiliaries. The agreement covers the operation right of the international terminal starting from 22 October 2015 to 31 December 2035 (approximately 20 years and 2 months) and operation right of the domestic terminal starting from July 2014 to December 2035. The concession payable of TAV Milas Bodrum domestic terminal is presented in financials EUR 246,067 as of 30 September 2026 (31 December 2025: EUR 235,906). The concession payable of the international and domestic terminal of İzmir Adnan Menderes Airport is presented in financials EUR 189,188 as of 30 September 2026 (31 December 2025: EUR 210,346). A concession agreement was executed between TAV Ankara and DHMİ on 20 December 2022 for the leasing of the operating rights of the Esenboğa Airport’s existing international terminal, CIP, general aviation terminal, domestic terminal and its auxiliaries. The agreement covers the operation right of the domestic and international terminals starting from 24 May 2025 to 23 May 2050 (25 years). The concession payable of TAV Ankara is presented in financials EUR 175,809 as of 30 September 2026 (31 December 2025: EUR 167,821). TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 35
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18. DERIVATIVE FINANCIAL INSTRUMENTS At 30 September 2026 and 31 December 2025, derivative financial instruments comprised the following: 30 September 2026 Assets Liabilities Net Amount Interest rate swap 15,478 - 15,478 Cross currency swap - (11,627) (11,627) 15,478 (11,627) 3,851 31 December 2025 Assets Liabilities Net Amount Interest rate swap 31,641 - 31,641 Cross currency swap - (26,789) (26,789) 31,641 (26,789) 4,852 Interest rate swap: TAV Ege uses interest rate swap to manage its exposure to interest rate fluctuations on its bank borrowings. As at 30 September 2026, 75% of project finance loan is hedged through IRS contract during the life of the loan with an amortising schedule depending on repayment of the loan (31 December 2025: 13%). TAV Milas Bodrum uses interest rate swap to manage its exposure to interest rate fluctuations on its bank borrowings. As at 30 September 2026, 90% of total loan is hedged through IRS contract (31 December 2025: 90%). TAV Ankara uses interest rate swap to manage its exposure to interest rate fluctuations on its bank borrowings. As at 30 September 2026, 50% of total loan is hedged through IRS contract (31 December 2025: None). TAV Kazakhstan uses interest rate swap to manage its exposure to interest rate fluctuations on its bank borrowings. As at 31 December 2025, 54% of total loan is hedged through IRS contract. AIA uses interest rate swap to manage its exposure to interest rate fluctuations on its bank borrowings. As at 31 December 2025, 70% of total loan is hedged through IRS contract. Cross currency swap: The group completed the issuance of debt instruments for sale outside of Türkiye on 7 December 2023. The nominal value of the notes sold is USD 400 million and the coupon rate is 8.50%. The maturity of the notes is 5 years. The cash outflow of the notes from the Group have been converted to euro through a cross-currency swap between U.S. dollars and euro. After the cross currency swap is factored in, the 8.50% coupon rate of the instrument has decreased to an effective rate of 6.87% in euro terms for the Group. The group obtained 3,2 billion TRY of funding. The related loan were converted into EUR through cross-currency swap transaction. Following the cross-currency swap, the funding cost decreased to an effective EUR rate of 5.50%. The fair value of derivatives at 30 September 2026 is estimated at profit of EUR 3,851 (31 December 2025: EUR 4,852). This amount is based on market values of equivalent instruments at the reporting date. Since the Group applied hedge accounting as at 30 September 2026 , changes in the fair value of these interest rate swaps and cross currency swaps are reflected to other comprehensive income resulting to a gain of EUR 9,775 net of tax (30 September 2025: EUR 18,461 gain). Fair value disclosures: The Group has determined the estimated fair values of the financial instruments by using current market information and appropriate valuation methods. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 36
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19. FINANCIAL INSTRUMENTS Currency risk Exposure to currency risk: The Group’s exposure to foreign currency risk in Euro equivalent of their original currencies was as follows: 30 September 2026 Foreign currency denominated monetary assets USD EUR (*) TRL (**) Other Total Other non-current assets 60,661 - 13,304 880 74,845 Trade receivables 17,060 1,686 8,611 39,282 66,639 Due from related parties 3,750 37 835 2,708 7,330 Other receivables and current assets 58,502 2,481 16,134 50,625 127,742 Financial assets - - 344 - 344 Restricted bank balances 925 - 9,877 - 10,802 Cash and cash equivalents 139,567 13,928 5,753 50,261 209,509 280,465 18,132 54,858 143,756 497,211 Foreign currency denominated monetary liabilities Loans and borrowings (482,127) (65,463) (143,886) (208) (691,684) Trade payables (4,806) (2,366) (10,803) (20,017) (37,992) Due to related parties (3) 377 (226) (4,706) (4,558) Other payables (27,070) 647 (17,888) (61,557) (105,868) (514,006) (66,805) (172,803) (86,488) (840,102) Net exposure (*) (233,541) (48,673) (117,945) 57,268 (342,891) (*) The figures in this column reflect the EUR position of subsidiaries that have functional currencies other than EUR. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 37
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19. FINANCIAL INSTRUMENTS (continued) Currency risk (continued) Exposure to currency risk (continued): 31 December 2025 Foreign currency denominated monetary assets USD EUR (*) TRY (**) Other Total Other non-current assets 55,551 - 11,272 1,133 67,956 Trade receivables 12,426 969 6,601 27,183 47,179 Due from related parties 2,894 20 556 1,963 5,433 Other receivables and current assets 779 1,058 7,111 20,777 29,725 Financial assets - - 348 - 348 Restricted bank balances 600 - 2,536 1,792 4,928 Cash and cash equivalents 85,338 6,472 1,836 45,274 138,920 157,588 8,519 30,260 98,122 294,489 Foreign currency denominated monetary liabilities Loans and borrowings (348,756) (20,729) (13,507) (260) (383,252) Trade payables (4,687) (4,327) (10,671) (12,199) (31,884) Due to related parties - 15 (142) (4,908) (5,035) Other payables (8,641) 33 (25,867) (22,594) (57,069) (362,084) (25,008) (50,187) (39,961) (477,240) Net exposure (*) (204,496) (16,489) (19,927) 58,161 (182,751) (*) The figures in this column reflect the EUR position of subsidiaries that have functional currencies other than EUR. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 38
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19. FINANCIAL INSTRUMENTS (continued) Sensitivity analysis: The Group’s principal currency risk relates to changes in the value of the EUR relative to TRL and USD. The Group manages its exposure to foreign currency risk by entering into derivative contracts and, where possible, seeks to incur expenses with respect to each contract in the currency in which the contract is denominated and attempt to maintain its cash and cash equivalents in currencies consistent with its obligations. The basis for the sensitivity analysis to measure foreign exchange risk is an aggregate corporate-level currency exposure. The aggregate foreign exchange exposure is composed of all assets and liabilities denominated in foreign currencies, both short- term and long-term purchase contracts. A 10 percent strengthening / (weakening) of EUR against the following currencies at 30 September 2026 and 31 December 2025 would have increased / (decreased) equity and profit or loss by the amounts shown below. This analysis assumes that all other variables, in particular interest rates, remain constant. Equity Profit or loss Strengthening of EUR Weakening of EUR Strengthening of EUR Weakening of EUR 30 September 2026 USD 36,178 (36,178) (12,824) 12,824 TRY 12,579 (12,579) (3,541) 3,541 Other - - (5,727) 5,727 Total 48,757 (48,757) (22,092) 22,092 31 December 2025 USD 34,273 (34,273) (13,823) 13,823 TRY - - 1,993 (1,993) Other - - (5,816) 5,816 Total 34,273 (34,273) (17,646) 17,646 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 39
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19. FINANCIAL INSTRUMENTS (continued) Fair values Fair values versus carrying amounts: The fair values of financial assets and liabilities, together with the carrying amounts shown in the consolidated statement of financial position, are as follows: 30 September 2026 31 December 2025 Carrying Fair Carrying Fair Note Amount Value Amount Value Financial assets Financial assets 344 344 348 348 Trade receivables - current 11 198,014 198,014 135,715 135,715 Due from related parties 21 187,252 187,252 189,034 189,034 Restricted bank balances 13 102,831 102,831 100,037 100,037 Cash and cash equivalents 12 652,118 652,118 477,315 477,315 Derivative financial instruments 18 15,478 15,478 31,641 31,641 Financial liabilities Loans and borrowings 16 (2,300,280) (2,301,706) (1,799,048) (1,800,474) Trade payables (**) (88,109) (88,109) (73,578) (73,578) Due to related parties 21 (5,769) (5,769) (315,650) (315,650) Derivative financial instruments 18 (11,627) (11,627) (26,789) (26,789) Other payables (*) 17 (959,674) (967,709) (962,620) (972,012) (2,209,422) (2,218,883) (2,243,595) (2,254,413) (*) Non-financial instruments such as advances received are excluded from trade payables and other payables. The methods used in determining the fair values of financial instruments are discussed in Note 4. Bookmark TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 40
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20. COMMITMENTS, CONTINGENCIES AND CONTRACTUAL OBLIGATIONS Commitments and contingencies 30 September 31 December 2026 2025 Letters of guarantee given to DHMİ 114,775 114,552 Letters of guarantee given to Tunisian government 15,367 15,794 Letters of guarantee given to Saudi Arabian government 6,099 5,903 Letters of guarantee given to Macedonian government 250 250 Letters of guarantee given to third parties 198,378 165,658 334,869 302,157 Contractual obligations The Group is obliged to give a letter of guarantee at an amount equivalent of USD 6,922 (EUR 6,099) (31 December 2025 : USD 6,948 (EUR 5,903)) to GACA according to the BTO agreement signed with GACA in Saudi Arabia. The Group is obliged to give a letter of guarantee at an amount equivalent of EUR 8,887 (31 December 2025: EUR 8,861) to the Ministry of State Property and Land Affairs and EUR 6,480 (31 December 2025: EUR 6,933) to OACA according to the BOT agreements and its amendments signed with OACA in Tunisia. The total obligation has been provided by the Group. TAV Ege is obliged to pay an aggregate amount of EUR 610,000 plus VAT during the rent period according to the concession agreement. 5% of this amount is already paid in two installments. The remaining amount will be paid in equal installments at the first business days of each year. Furthermore, The Group is obliged to give a letter of guarantee at an amount equivalent of EUR 36,600 to DHMİ. The total obligation has been provided by the Group. TAV Milas Bodrum is obliged to pay an aggregate amount of EUR 717,000 plus VAT during the rent period according to the concession agreement. 20% of this amount is already paid. The remaining amount will be paid in equal installments at the last day of October for each year. Furthermore, The Group is obliged to give a letter of guarantee at an amount equivalent of EUR 43,020 to DHMİ. The total obligation has been provided by the Group. TAV Ankara is obliged to pay an aggregate amount of EUR 475,000 plus VAT during the rent period according to the concession agreement. 25% of this amount is already paid. The remaining amount will be paid in equal installments at the last day of October for each year starting from 2025. Furthermore, The Group is obliged to give a letter of guarantee at an amount equivalent of EUR 29,755 to DHMİ. The total obligation has been provided by the Group. Majority of letters of guarantee given to third parties includes the guarantees given to customs, lenders and some customers. The Group is obliged to fund shortfalls of AIA amounting up to USD 50,000 until the later of 30 September 2025 or financial completion date. Financial completion date definition includes a certain level of DSCR and a certain number of repayment to be made. The group provided a LC amounting to USD 50,000 to cover this obligation. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 41
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21. RELATED PARTIES The major immediate parent and ultimate controlling parties of the Group are Aéroports de Paris. All other transactions not described in this footnote between the Company and its subsidiaries, which are related parties of the Company, have been eliminated on consolidation. Details of balances between the Group and other related parties are disclosed below. Key management personnel compensation: The remuneration of directors and other members of key management during the year comprised the following: 1 January - 1 July - 1 January - 1 July -30 September 30 September 30 September 30 September 2026 2026 2025 2025 Short-term benefits (salaries, bonuses etc.) 11,287 3,751 11,365 3,748 11,287 3,751 11,365 3,748 As at 30 September 2026 and 31 December 2025 , none of the Group’s directors and executive officers has outstanding personnel loans from the Group. The details of the transactions between the Group and any other related parties are disclosed below: Other related party transactions: 30 September 31 December 2026 2025 Due from related parties 16,196 18,247 Current loan to related parties 10,235 9,550 26,431 27,797 30 September 31 December 2026 2025 Non-current loan to related parties 160,821 161,237 160,821 161,237 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 42
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21. RELATED PARTIES (continued) Other related party transactions (continued): 30 September 31 December Due from related parties 2026 2025 ATÜ (1) (*) 6,289 3,293 TAV Antalya Yatırım (1) 4,324 12,718 Tibah Operation (1) 3,633 65 TAV İşletme SASA (1) 721 683 TAV Antalya (1) 654 280 TGS (1) 219 180 AMS (1) 218 407 ZAIC-A (1) - 73 Other related parties 138 548 16,196 18,247 (*) Receivables from ATU comprise of concession fee duty-free receivables. 30 September 31 December Current loan to related parties 2026 2025 ZAIC-A (1) 3,890 3,597 TAV İşletme GIS SASA (1) 2,460 2,510 ATU Medinah (1) 1,516 1,466 TAV Operations Narita (1) 847 - BTA Medinah (1) 539 261 TAV İşletme Chile (1) 491 463 Saudi Havaş (1) 383 369 Tibah Development (1) 109 106 Other related parties - 778 10,235 9,550 (1) Joint Ventures TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 43
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21. RELATED PARTIES (continued) Other related party transactions (continued): 30 September 31 December Non-current loan to related parties 2026 2025 TAV Antalya Yatırım (1) 112,396 106,669 Tibah Development (1) (*) 37,450 44,126 Medine Hotel (1) 10,548 10,029 Saudi Havaş (1) 392 378 Other related parties 35 35 160,821 161,237 (*) The Group has provided a shareholder loan of 218 million US dollars to Tibah Development, of which 193 million EUR with an interest rate of 7% has been mostly used to repay the equity bridge loan maturing in 2021 and will be paid back to the Group depending on the available cash after debt service of Tibah Development. The maturity of the shareholder loan provided is 31 December 2032. The excess cash flows will be shared between the Group and GACA where weight will be given to Groups’ shareholder loan. The sharing of the excess cash flows with GACA will stop once all rent due for the force majeure period is paid. Due to application of 38th and 39th paragraphs of IAS 28, negative net assets of Tibah Development which was accounted under “Liabilities from equity-accounted investments”, has been netted-off from the Group’s non-current loan to Tibah Development. In subsequent periods, comprehensive income or loss of this entity will be netted-off from the Group’s non-current loan to Tibah Development. In case of a comprehensive income, a financial income, in case of a comprehensive loss, a financial expense will be booked to the consolidated financial statements of the Group. 30 September 31 December 2026 2025 Due to related parties 5,769 3,951 Current loan from related parties - 311,699 5,769 315,650 30 September 31 December Current loan from related parties 2026 2025 Aéroports de Paris SA (2) (*) - 311,699 - 311,699 (*) A shareholder loan amount of EUR 300,000 with a maturity of 23 March 2026, with a 4.88% interest rate is obtained by the Group from Tank ÖWA alpha GmbH in 2022. The Group has repaid the shareholder loan amount of EUR 314,881 including interest as of 23 March 2026. (1) Joint Ventures (2) Shareholders TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 44
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21. RELATED PARTIES (continued) Other related party transactions (continued): 30 September 31 December Due to related parties 2026 2025 Aéroports de Paris SA 1,876 3,260 Other related parties 3,893 691 5,769 3,951 Dividend distribution The Board of Directors of the Company has decided to distribute dividend amounting to TRL 1,311,438 (equivalent to EUR 25,654) in cash from the profit for the year 2025 with the decision numbered 2026/2 as of 17 February 2026. Dividend was distributed in two installments, whereby the first installment corresponding to TL 655,719, was paid on 21 July 2026 and the second installment amounting to TL 655,719, was paid on 22 September 2026. The decision was approved at the General Assembly as at 27 March 2026. Dividend per share is full TRL 3.61 (full EUR 0.07). 30 September 31 December Short term deferred income from related parties 2026 2025 ATÜ (1) (*) 990 990 990 990 30 September 31 December Long term deferred income from related parties 2026 2025 ATÜ (1) (*) 8,422 8,913 8,422 8,913 (*) Deferred income from related parties is related with the unearned portion of concession rent income from ATU. 1 January - 1 July - 1 January - 1 July - Services rendered to related parties 30 September 30 September 30 September 30 September 2026 2026 2025 2025 ATÜ (1) (*) 88,811 43,839 81,895 40,711 Tibah Operation (1) 7,278 1,095 7,636 1,889 TAV Antalya (1) 4,961 2,198 7,817 5,733 TGS (1) 4,054 2,633 1,457 - TAV Antalya Yatırım (1) 1,801 603 2,700 603 Tibah Development (1) 1,426 5 21 - Other related parties 384 159 333 111 108,715 50,532 101,859 49,047 (*) Services rendered to ATU comprise of concession fee for duty-free operations. (1) Joint Ventures TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 45
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21. RELATED PARTIES (continued) Other related party transactions (continued): 1 January - 1 July - 1 January - 1 July - Services rendered by related parties 30 September 30 September 30 September 30 September 2026 2026 2025 2025 TAV Antalya (1) 3,710 2,574 3,588 2,327 TGS (1) 49 20 87 33 ATÜ (1) 2 - 4 7 Other related parties 2 - 63 16 3,763 2,594 3,742 2,383 1 January - 1 July - 1 January - 1 July - Interest (expense) / income from related parties (net) 30 September 30 September 30 September 30 September 2026 2026 2025 2025 TAV Antalya Yatırım (1) 6,136 1,102 7,267 3,409 Tibah Development (1) 3,698 1,244 3,838 1,221 ATÜ (1) 1 1 66 21 Aéroports de Paris SA (2) (3,289) - (10,960) (3,680) Other related parties 901 268 510 (42) 7,447 2,615 721 929 The average interest rate used within the Group is 7.08% per annum ( 31 December 2025: 7.15%). The Group converts related party TRL loan receivable and payable balances to USD at month end using the Central Bank’s announced exchange rates and then charges interest on the USD balances. (1) Joint Ventures (2) Shareholder TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 46
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22. INTERESTS IN OTHER ENTITIES Non-controlling interests in subsidiaries The following table summarises the information relating to each of the Group’s subsidiaries that has material non-controlling interests (“NCI”) before any intra group eliminations. 30 September 2026 TAV Tbilisi Other immaterial subsidiaries Total NCI Percentage 20.00 % Non-current assets 27,400 Current assets 168,628 Non-current liabilities 121,503 Current liabilities 21,910 Net assets 52,615 Carrying amount of NCI 10,523 11,201 21,724 10,523 11,201 21,724 1 January - 30 September 2026 TAV Tbilisi Other immaterial subsidiaries Total Revenue 98,997 Profit 55,088 Total comprehensive income 59,063 Profit allocated to NCI 11,018 4,270 15,288 1 July - 30 September 2026 TAV Tbilisi Other immaterial subsidiaries Total Revenue 40,529 Profit 22,587 Total comprehensive income 24,821 Profit allocated to NCI 4,518 4,216 8,734 In 2026, the Company distributed EUR 22,088 to the non-controlling interests in subsidiaries (2025: EUR 3,336). TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 47
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22. INTERESTS IN OTHER ENTITIES (continued) Non-controlling interests in subsidiaries (continued) 31 December 2025 TAV Tbilisi Other immaterial subsidiaries NCI Percentage 20.00 % Non-current assets 21,630 Current assets 105,688 Non-current liabilities 17,000 Current liabilities 7,317 Net assets 103,001 Carrying amount of NCI 20,600 6,332 26,932 20,600 6,332 26,932 1 January - 30 September 2025 TAV Tbilisi Other immaterial subsidiaries Total Revenue 98,421 Profit 50,839 Total comprehensive income 45,635 Profit allocated to NCI 10,168 3,060 13,228 1 July - 30 September 2025 TAV Tbilisi Other immaterial subsidiaries Total Revenue 38,428 Profit 20,567 Total comprehensive income 20,027 Profit allocated to NCI 4,114 3,345 7,459 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 48
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22. INTERESTS IN OTHER ENTITIES (continued) 30 September 31 December 2026 2025 Joint ventures 588,575 627,658 Associates 1,069 1,311 589,644 628,969 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 Joint ventures (9,625) 29,303 (36,920) 26,961 Associates (329) 401 (53) 147 (9,954) 29,704 (36,973) 27,108 Joint Ventures Carrying amounts of the Group’s joint ventures in the statement of financial position as at 30 September 2026 and 31 December 2025 are as follows: 30 September 31 December 2026 2025 TAV Antalya Yatırım 314,625 327,004 TGS 115,655 103,308 TAV Antalya 93,861 125,783 ATÜ 63,247 70,517 Tibah Operation 619 747 Other 568 299 588,575 627,658 Group's share of profit / (loss) of the Group’s joint ventures in the statement of comprehensive income for the years ended 30 September 2026 and 30 September 2025 are as follows: 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 TAV Antalya 12,332 16,196 (5,901) 332 TGS 8,715 6,910 5,774 12,126 ATÜ 5,217 10,733 11,603 6,875 Tibah Operation 932 336 964 4,328 TAV Antalya Yatırım (37,647) (5,119) (49,095) 3,315 Other 826 247 (265) (15) (9,625) 29,303 (36,920) 26,961 TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 49
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22. INTERESTS IN OTHER ENTITIES (continued) Associates Carrying amounts of the Group’s associates in the statement of financial position as at 30 September 2026 and 31 December 2025 are as follows: 30 September 31 December 2026 2025 ZAIC-A 878 1,169 Other 191 142 1,069 1,311 Group's share of profit of the Group’s associates in the statement of comprehensive income for the years ended 30 September are as follows: 1 January - 1 July - 1 January - 1 July - 30 September 30 September 30 September 30 September 2026 2026 2025 2025 ZAIC-A (378) 466 (75) 231 AMS 49 (65) 22 (84) (329) 401 (53) 147 23. SUBSEQUENT EVENTS None. TAV Havalimanları Holding A.Ş. and its Subsidiaries Notes to the Interim Condensed Consolidated Financial Statements As at and for the Nine-Month Period Ended 30 September 2026 (Amounts expressed in thousands of Euro unless otherwise stated. Currencies other than Euro are expressed in thousands unless otherwise indicated.) 50