Material Event Disclosures

23-04-2025 Completion of First Coupon Payment for the Eurobond with the ISIN Code of US98977LAA44

The first coupon payment of USD 9,257,545 relating to the USD 168,319,000 nominal value Eurobond with ISIN Code US98977LAA44, issued by Zorlu Enerji Elektrik Üretim A.Ş. on October 23, 2024 and November 7, 2024 has been completed as of today. This statement has been translated into English for informational purposes only. In the event of any discrepancy between the Turkish and English versions of this disclosure, the Turkish version shall prevail.

23-04-2025 Completion of First Coupon Payment for the Eurobond with the ISIN Code of XS2926261426

The first coupon payment of USD 51,242,455 relating to the USD 931,681,000 nominal value Eurobond with ISIN Code XS2926261426, issued by Zorlu Enerji Elektrik Üretim A.Ş. on October 23, 2024, November 7, 2024, and March 6, 2025, has been completed as of today. This statement has been translated into English for informational purposes only. In the event of any discrepancy between the Turkish and English versions of this disclosure, the Turkish version shall prevail.

18-04-2025 THIRD COUPON PAYMENT AND REDEMPTION OF THE COMMERCIAL PAPER WITH FIXED COUPON PAYMENT WITH THE ISIN CODE OF TRFZORN42516

Commercial paper, which was sold to qualified investors on August 29, 2024 with a maturity of 232 days and with the ISIN Code of TRFZORN42516, was redeemed as of today (April 18, 2025) with the completion of the third coupon payment amounting TL 3,130,590.52 and principal payment of TL 43,530,000. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

18-04-2025 FIRST COUPON PAYMENT AND REDEMPTION OF THE COMMERCIAL PAPER WITH FIXED COUPON PAYMENT WITH THE ISIN CODE OF TRFZORN42524

Commercial paper, which was sold to qualified investors on October 24, 2024 with a maturity of 176 days and with the ISIN Code of TRFZORN42524, was redeemed as of today (April 18, 2025) with the completion of the first coupon payment amounting TL 12,474,331.99 and principal payment of TL 52,000,000. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

18-04-2025 Issuance of a Corporate Bond with Floating Coupon Payment to Qualified Investors (TRSZORN42626)

Zorlu Enerji has announced on July 05, 2024 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 3,500,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market within one year following the receipt of the issuance certificate. Within this scope, the Company completed the sale of a TL 114,730,000 corporate bond with floating coupon payments with a maturity of 369 days to qualified domestic investors on April 18, 2025. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

17-04-2025 Material Event Disclosure (General)

Within the scope of the sale of all shares held by our Company in Dorad Energy Ltd. ("Dorad"), corresponding to 25% of Dorad's share capital, the right of first refusal specified in our material event disclosure dated 06.03.2025 has been exercised proportionally by Dorad's existing shareholders, Ellomay Luzon Energy Infrastructures Ltd. ("Ellomay Luzon") and Edelcom Ltd. ("Edelcom"), in accordance with their respective shareholdings. Accordingly, Share Purchase Agreements have been signed for the transfer of our 15% stake in Dorad's share capital, which is subject to right of first refusal, in equal parts to Edelcom and Ellomay Luzon. The sale process for the remaining 10% stake, which is not subject to right of first refusal, is also ongoing with the Phoenix Group. The Share Purchase Agreements signed with Edeltech, Ellomay Luzon, and the Phoenix Group contain identical terms and conditions. Upon obtaining the approval of Dorad's Board of Directors, securing the required legal authorizations, and fulfilling the contractual conditions, the share transfers—subject to contractual price adjustments—will be completed, and our Company will no longer hold any shares in Dorad.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

10-04-2025 Third Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN82515

The third coupon payment amounting to TL 82,274,400.00 on the TL 600,000,000 nominally valued corporate bond, which was sold to qualified investors on July 11, 2024 with a maturity of 391 days and trades with the ISIN Code of TRSZORN82515, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

09-04-2025 Announcement of the Interest Rate for the Fourth Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORN82515

The interest rate for the fourth coupon payment of the TL 600,000,000 nominally valued corporate bond, which was sold to qualified investors on July 11, 2024 with a maturity of 391 days and trades with the ISIN Code of TRSZORN82515, has been set as 17.7809%. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

04-04-2025 Second Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORNK2512

The second coupon payment amounting to TL 67,125,595.99 on the TL 508,000,000 nominally valued corporate bond, which was sold to qualified investors on October 03, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORNK2512, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

03-04-2025 Announcement of the Interest Rate for the Third Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORNK2512

The interest rate for the third coupon payment of the TL 508,000,000 nominally valued corporate bond, which was sold to qualified investors on October 03, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORNK2512, has been set as 13.2137%. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

27-03-2025 Fourth Coupon Payment and Redemption of the Corporate Bond with the ISIN Code of TRSZORN32510

TL 400,000,000 nominally valued Corporate Bond, which was sold to qualified investors on March 07, 2024 with a maturity of 385 days and with the ISIN Code of TRSZORN32510, was redeemed as of today (March 27, 2025) with the completion of the fourth coupon payment amounting to TL 65,119,999.99 and the principal payment of TL 400,000,000. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

27-03-2025 Issuance of a Corporate Bond with Floating Coupon Payment to Qualified Investors (TRSZORN42618)

Zorlu Enerji has announced on November 15, 2024 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 5,000,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market within one year following the receipt of the issuance certificate. Within this scope, the Company completed the sale of a TL 292,500,000 corporate bond with floating coupon payments with a maturity of 391 days to qualified domestic investors on March 27, 2025. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

14-03-2025 Change in Articles of Association

ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Change in Articles of Association

Publish Date:14.03.2025 18:40:59

Disclosure Type:ODA

Year:

Period:

Summary

Amendment of Articles of Associations - Approval of CMB

Related Companies

[]

Related Funds

[]

English

	Change in Articles of Association

	Update Notification Flag

Hayır (No)

	Correction Notification Flag

Hayır (No)

	Date Of The Previous Notification About The Same Subject

	Postponed Notification Flag

Hayır (No)

	Announcement Content

	Explanations

Pursuant to the Capital Markets Board ("CMB") 14.03.2025 dated notification letter Amendment of Company's Articles of Associations has been deemed appropriate pursuant to Turkish Commercial Code and the relevant legislation. The Amendment will be submitted to shareholders' approval at 2024 accounting period ordinary general assembly meeting upon relevant Ministry's approval. The CMB-approved amendment text is in the annex of this statement. This statement has been translated into English for informational purposes.

In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.

14-03-2025 Participation Finance Principles Information Form

ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Participation Finance Principles Information Form

Publish Date:11.03.2025 23:50:13

Disclosure Type:DG

Year:2024

Period:4

SUMMARY INFORMATION

Presentation Currency	1.000 TL
Financial Statement Year / Period	2024 / Annual
Nature of Financial Statements	Consolidated
1) Are there any activities of the company itself, partners or subsidiaries that do not comply with the Participation Finance Principles written in the article of association?	NO
2) Are there any share privileges that do not comply with the Participation Finance Principles written in the article of association?	NO
3) Does the company engage in the actions and/or transactions defined in Article 1.5 of the Standard and Article 1.D of the Guidelines?	NO
4) Does the company have activities and/or income that are directly contrary to the principles of participation finance?	NO
5) The ratio of the company's total income that do not comply with the Participation Finance Principles (%) [ (4B+4C-4D) / 4E ] * 100	24,53
6) The ratio of the company's assets that do not comply with the Participation Finance Principles (%) [ 5F-5G) / 5H ] * 100	5,71
7) The ratio of the company's liabilities that do not comply with the Participation Finance Principles (%) [ (6I-6J) / 5H ] * 100	40,12

1) Activities Written In Article Of Association That Do Not Comply With The Participation Finance Principles

	YES / NO	SECTION NUMBER
1) Does the company's, its partners' or subsidiaries' article of association include any of the activities listed in article 1.2 of the Standard?	NO
2) Does the company's, its partners' or subsidiaries' article of association allow to become a partner in companies whose activities include any of the activities listed in article 1.2 of the Standard?	NO

2) Preferred Shares and Usufruct Shares Information

	YES / NO	SECTION NUMBER
1) Are there any dividend privileges among the share groups of the company or, if any, in the usufruct shares?	NO
2) Are there any liquidation privileges among the share groups of the company or, if any, in the usufruct shares?	NO

3) Statement on Standard Article 1.5 and Guideline Article 1.D

	YES / NO	NOTE
1) Is there a disclosure to the public made by the company's authorized body or officials regarding the company's support for the actions described in Standard's article 1.5 and Guideline's article 1.D?	NO
2) Are there any decisions made by public authorities or national or international courts regarding the company's support for the acts described in Standard's article 1.5 and Guideline's article 1.D?	NO

4) Incomes That Do Not Comply With The Participation Finance Principles

A) ACTIVITIES THAT RENDER THE COMPANY DIRECTLY CONTRARY TO THE PRINCIPLES OF PARTICIPATION FINANCE PURSUANT TO GUDELINE ARTICLE 3.1

	YES / NO
1) Does the company itself, its shareholders or subsidiaries have activities and/or income for the production and trade of alcoholic beverages/foods in accordance with the Guideline's article 3.1.1?	NO
2) Does the company itself, its partners or subsidiaries have activities and/or income for the production and trade of pork products in accordance with the Guideline's article 3.1.2?	NO
3) Does the company itself, its partners or subsidiaries have activities and/or income for the production and wholesale trade of tobacco products for smoking in accordance with the Guideline's article 3.1.3?	NO
4) Does the company itself, its partners or subsidiaries have gambling or gambling-like activities and/or income in accordance with the Guideline's article 3.1.4?	NO
5) Does the company itself, its partners or subsidiaries have any financial sector activities and/or income, excluding those based on participation finance?	NO
6) Does the company itself, its partners or subsidiaries have any publishing activities and/or revenue that are contrary to morality and Islamic values in accordance with the Guideline's article 3.1.5?	NO
7) Does the company itself, its partners or subsidiaries have hotel management, tourism sector activities, various entertainment and organization activities and/or income that are incompatible with Islamic values in accordance with the Guideline's article 3.1.6?	NO

B) INCOME FROM ACTIVITIES THAT ARE NOT IN COMPLIANCE WITH THE PRINCIPLES OF PARTICIPATION FINANCE BUT ARE PERMITTED UP TO 5% IN ACCORDANCE WITH GUIDELINE ARTICLE 3.2

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) In accordance with the Guideline's article 3.2.2, total revenue from the retail sale of tobacco products damaging to health	0
2) In accordance with the Guideline's article 3.2.3, total income from business and services provided to companies that do not operate in accordance with the principles of participation finance	0
3) In accordance with the Guideline's article 3.2.4, total rental income from companies that do not operate in accordance with the principles of participation finance	0
4) In accordance with the Guideline's article 3.2.5, total revenue from advertising, branding, sponsorship and brokerage activities	0
TOTAL	0

C) RELATED FINANCIAL STATEMENT ITEMS

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Other Operating Income	2.921.533
2) Finance Income	4.910.232
3) Investment Activity Income	4.825.556
4) Revenue from Finance Sector Operations	0
5) Share of Profit (Loss) of Associated and Joint Ventures Accounted for Using Equity Method	800.581
TOTAL	13.457.902

D) INCOME THAT COMPLY WITH THE PARTICIPATION FINANCE PRIINCIPLES THAT IS IN THE FINANCIAL STATEMENT ITEMS LISTED IN TABLE C

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Price difference income (The portion accounted for in the items listed in table C)	0
2) Foreign exchange gains (The portion accounted for in the items listed in table C)	2.350.564
3) Term sales income (The portion accounted for in the items listed in table C)	532.358
4) Income from participation-based assets and funds included currency protected deposit	0
5) Social security contribution income	0
6) Promotion income from participation banks	0
7) Customer prepayments recorded as revenue (The portion accounted for in the items listed in table C)	0
8) Provisions no longer required	0
9) Service revenue (The portion accounted for in the items listed in table C)	0
10) Rent and maintenance-repair income (The portion accounted for in the items listed in table C)	0
11) Warehousing income (The portion accounted for in the items listed in table C)	0
12) Compensation and penalty income	0
13) Insurance damage compensation income	0
14) Lawsuit income	0
15) Dividend income from companies whose activities comply with the participation finance principles	0
16) Total of other income that comply with the participation finance principles not listed above (The portion accounted for in the items listed in table C)	0
TOTAL	2.882.922

Explanation for the article 16 above

E) TOTAL INCOME

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Revenue	29.657.596
2) Other Operating Income	2.921.533
3) Finance Income	4.910.232
4) Investment Activity Income	4.825.556
5) Revenue from Finance Sector Operations	0
6) Share of Profit (Loss) of Associates and Joint Ventures Accounted for Using Equity Method	800.581
TOTAL	43.115.498

5) Assets That Do Not Comply With The Participation Finance Principles (F-G)

F) RELATED FINANCIAL STATEMENT ITEMS

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Cash and cash equivalents	1.541.918
2) Financial Investments (Total of Those Classified in Current and Noncurrent Assets)	2.820
3) Derivative Financial Assets (Total of Current and Noncurrent Assets)	0
4) Receivables From Financial Sector Operations (Total of Current and Noncurrent Assets)	0
5) Investments Accounted For Using Equity Method	5.748.923
6) Investments In Subsidiaries Joint Ventures And Associates	0
TOTAL	7.293.661

G) ASSETS THAT COMPLY WITH THE PARTICIPATION FINANCE PRINCIPLES THAT IS IN THE FINANCIAL STATEMENT ITEMS LISTED IN TABLE F

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Checks	0
2) Cash	3.504
3) Demand deposits	512.574
4) Total invested amount in participation-based financial instruments (Lease certificates, sukuk, profit share deposit included currency protected deposit)	0
5) Shares in subsidiaries joint ventures and associates complying with the participation finance principles	0
6) Credit card receivables	0
7) Total of other assets that are considered as compliying with the participation finance principles not listed above (The portion accounted for in the items listed in table F)	0
TOTAL	516.078

Explanation for the article 7 above

H) TOTAL ASSETS

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
TOTAL ASSETS	118.784.725

6) Liabilities That Do Not Comply With The Participation Finance Principles (I-J)

I) RELATED FINANCIAL STATEMENT ITEMS

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Current Borowings	1.479.026
2) Current Portion Of Noncurrent Borrowings	9.716.387
3) Noncurrent Borrowings	34.533.664
4) Derivative Financial Liabilities (Total of Those Classified in Current and Noncurrent Liabilities)	0
5) Payables On Financial Sector Operations (Total of Those Classified in Current and Noncurrent Liabilities)	0
6) Other Payables (Total of Those Classified in Current and Noncurrent Liabilities)	2.275.153
TOTAL	48.004.230

J) LIABILITES THAT COMPLY WITH THE PARTICIPATION FINANCE PRINCIPLES AND LISTED IN THE TABLE I

ITEM NAME	AMOUNT
	1.000 TL
	2024 / Annual
	Consolidated
1) Lease Liabilities (Total of Those Classified in Current and Noncurrent Liabilities)	344.929
2) Bank Loans From Participation Banks	0
3) Issued Debt Instruments in interest-free instruments e.g.lease certificates, sukuk	0
4) Total of other debts that are considered as complying with the participation finance principles not listed above (The portion accounted for in the items listed in table I)	0
TOTAL	344.929

Explanation for the article 4 above

14-03-2025 Financial Report

ZORLU ENERJİ ELEKTRİK ÜRETİM A.Ş.

Financial Report

Publish Date:11.03.2025 23:40:14

Disclosure Type:FR

Year:2024

Period:4

Presentation Currency	1.000 TL
Nature of Financial Statements	Consolidated

Current Period
31.12.2024

Previous Period
31.12.2023

	Statement of Financial Position (Balance Sheet)

	Assets [abstract]

	CURRENT ASSETS

	Cash and cash equivalents

1.541.918

2.791.942

	Cash Accounts Regarding Real Estate Projects

	Financial Investments

576.172

	Restricted Bank Balances

	Time Deposits

	Financial Assets Available-for-sale

	Financial Investments Held To Maturity

	Financial Assets at Fair Value Through Profit or Loss

	Financial Assets Held For Trading

	Other Financial Assets Measured at Fair Value Through Profit or Loss

	Financial Assets Designated at Fair Value Through Profit or Loss

	Financial Investments with Risks on Policyholders

	Financial Assets at Fair Value Through Other Comprehensive Income

	Financial Assets Measured At Fair Value Through Other Comprehensive Income

	Investments in Equity Instruments

	Financial Assets Measured at Amortised Cost

	Other Financial Investments

	Financial Assets Given As Colleteral

	Trade Receivables

6.439.443

8.644.313

	Trade Receivables Due From Related Parties

7,32

1.915.407

1.782.069

	Trade Receivables Due From Unrelated Parties

4.524.036

6.862.244

	Receivables From Financial Sector Operations

	Receivables From Financial Sector Operations Due From Related Parties

	Receivables From Financial Sector Operations Due From Unrelated Parties

	Reserve Deposits with the Central Bank of the Republic Turkey

	Other Receivables

1.096.199

1.866.862

	Other Receivables Due From Related Parties

8,32

1.045.942

1.656.005

	Other Receivables Due From Unrelated Parties

50.257

210.857

	Contract Assets

	Contract Assets from Ongoing Construction Contracts

	Contract Assets from Sale of Goods and Service Contracts

	Other Contract Assets

	Financial Assets Regarding Service Concession Arrangements

2.827.315

2.501.954

	Derivative Financial Assets

	Derivative Financial Assets Held for Trading

	Derivative Financial Assets Held for Hedging

	Inventories

467.769

767.176

	Inventories Work-in Progress

	Biological Assets

	Prepayments

199.712

151.413

	Prepayments to Related Parties

	Prepayments to Unrelated Parties

199.712

151.413

	Deferred Insurance Acquisition Costs

	Current Tax Assets

59.124

	Current Non-cash Free Collaterals that can be Used

	Other current assets

778.571

1.234.204

	Other Current Assets Due From Related Parties

	Other Current Assets Due From Unrelated Parties

778.571

1.234.204

	SUB-TOTAL

13.410.051

18.534.036

	Non-current Assets or Disposal Groups Classified as Held for Sale

10.092.151

	Non-current Assets or Disposal Groups Classified as Held for Distribution to Owners

	Total current assets

13.410.051

28.626.187

	NON-CURRENT ASSETS

	Financial Investments

2.820

	Restricted Bank Balances

	Time Deposits

	Financial Assets Available-for-Sale

	Financial Investments Held To Maturity

	Financial Assets at Fair Value Through Profit or Loss

	Financial Assets Held For Trading

	Other Financial Assets Measured at Fair Value Through Profit or Loss

	Financial Assets Designated As at Fair Value Through Profit or Loss

	Financial Investments with Risks on Policyholders

	Financial Assets at Fair Value Through Other Comprehensive Income

	Financial Assets Measured At Fair Value Through Other Comprehensive Income

	Investments in Equity Instruments

	Financial Assets Measured at Amortised Cost

	Other Financial Investments

2.820

	Investments in subsidiaries, joint ventures and associates

	Trade Receivables

581.994

538.692

	Trade Receivables Due From Related Parties

	Trade Receivables Due From Unrelated Parties

581.994

538.692

	Receivables From Financial Sector Operations

	Receivables From Financial Sector Operations Due From Related Parties

	Receivables From Financial Sector Operations Due From Unrelated Parties

	Other Receivables

12.422.579

17.838.610

	Other Receivables Due From Related Parties

8,32

12.393.118

17.382.082

	Other Receivables Due From Unrelated Parties

29.461

456.528

	Contract Assets

239.887

434.205

	Contract Assets from Ongoing Construction Contracts

	Contract Assets from Sale of Goods and Service Contracts

	Other Contract Assets

239.887

434.205

	Financial Assets regarding Service Concession Arrangements

9.426.971

10.666.064

	Derivative Financial Assets

496.169

	Derivative Financial Assets Held for Trading

	Derivative Financial Assets Held for Hedging

	Inventories

	Investments accounted for using equity method

5.748.923

6.448.743

	Biological assets

	Investment property

	Investment Properties Work in Progress

	Property, plant and equipment

54.966.237

58.368.006

	Land and Premises

	Land Improvements

	Buildings

	Machinery And Equipments

	Vehicles

	Fixtures and fittings

	Leasehold Improvements

	Bearer Plants

	Assets Subject to Depletion

	Construction in Progress

	Operational Lease Assets

	Other property, plant and equipment

	Right of Use Assets

905.792

872.396

	Intangible assets and goodwill

10.487.578

11.061.118

	Goodwill

	Rights Regarding Concession Arrangements

	Other Rights

	Patents

	Brand names

	Licenses

	Computer Softwares

	Capitalized Development Costs

	Other intangible assets

	Prepayments

14.230

15.991

	Prepayments to Related Parties

	Prepayments to Unrelated Parties

14.230

15.991

	Deferred Tax Asset

10.576.533

6.855.687

	Current Tax Assets, Non-current

	Non-current Non-cash Free Collaterals that can be Used

	Other Non-current Assets

1.130

4.469

	Other Non-Current Assets Due From Related Parties

	Other Non-Current Assets Due From Unrelated Parties

1.130

4.469

	Total non-current assets

105.374.674

113.602.970

	Total assets

118.784.725

142.229.157

	LIABILITIES AND EQUITY

	CURRENT LIABILITIES

	Current Borrowings

1.479.026

2.392.597

	Current Borrowings From Related Parties

	Bank Loans

	Lease Liabilities

	Issued Debt Instruments

	Other short-term borrowings

	Current Borrowings From Unrelated Parties

1.479.026

2.392.597

	Bank Loans

597.856

1.769.791

	Lease Liabilities

	Issued Debt Instruments

881.170

622.806

	Other short-term borrowings

	Current Portion of Non-current Borrowings

9.716.387

22.012.854

	Current Portion of Non-current Borrowings from Related Parties

	Bank Loans

	Lease Liabilities

	Issued Debt Instruments

	Current Portion of other Non-current Borrowings

	Current Portion of Non-current Borrowings from Unrelated Parties

9.716.387

22.012.854

	Bank Loans

1.824.359

16.534.861

	Lease Liabilities

79.755

180.452

	Issued Debt Instruments

7.812.273

5.297.541

	Current Portion of other Non-current Borrowings

	Other Financial Liabilities

	Put Option Liabilities Related with Non-controlling Interests

	Financial Guarantee Contracts

	Other Miscellaneuous Financial Liabilities

	Trade Payables

5.077.060

5.602.363

	Trade Payables to Related Parties

7,32

291.430

337.874

	Trade Payables to Unrelated Parties

4.785.630

5.264.489

	Payables on Financial Sector Operations

	Payables to Related Parties on Financial Sector Operations

	Payables to Unrelated Parties on Financial Sector Operations

	Employee Benefit Obligations

143.467

70.646

	Other Payables

2.259.321

1.769.217

	Other Payables to Related Parties

8,32

44.671

52.529

	Other Payables to Unrelated Parties

2.214.650

1.716.688

	Contract Liabilities

	Contract Liabilities from Ongoing Construction Contracts

	Contract Liabilities from Sale of Goods and Service Contracts

	Other Contact Liabilities

	Liabilites Due to Investments Accounted for Using Equity Method

	Derivative Financial Liabilities

	Derivative Financial Liabilities Held for trading

	Derivative Financial Liabilities Held for Hedging

	Government Grants

	Deferred Income Other Than Contract Liabilities

948.351

2.716.823

	Deferred Income Other Than Contract Liabilities From Related Parties

22,32

897.461

2.716.823

	Deferred Income Other Than Contract Liabilities from Unrelated Parties

50.890

	Current tax liabilities, current

15.176

153.303

	Current provisions

127.918

106.508

	Current provisions for employee benefits

97.563

75.676

	Insurance Technical Reserves

	Other current provisions

30.355

30.832

	Other Current Liabilities

370.915

615.618

	Other Current Liabilities to Related Parties

	Other Current Liabilities to Unrelated Parties

370.915

615.618

	SUB-TOTAL

20.137.621

35.439.929

	Liabilities included in disposal groups classified as held for sale

10.124.746

	Liabilities Included in Disposal Groups Classified as Held for Distribution to Owners

	Total current liabilities

20.137.621

45.564.675

	NON-CURRENT LIABILITIES

	Long Term Borrowings

34.533.664

36.947.343

	Long Term Borrowings From Related Parties

	Bank Loans

	Lease Liabilities

	Issued Debt Instruments

	Other Long-term borrowings

	Long Term Borrowings From Unrelated Parties

34.533.664

36.947.343

	Bank Loans

3.695.406

26.157.035

	Lease Liabilities

265.174

428.344

	Issued Debt Instruments

30.573.084

10.361.964

	Other long-term borrowings

	Other Financial Liabilities

	Put Option Liabilities Related with Non-controlling Interests

	Financial Guarantee Contracts

	Other Miscellaneous Financial Liabilities

	Trade Payables

	Trade Payables To Related Parties

	Trade Payables To Unrelated Parties

	Payables on Financial Sector Operations

	Payables to Related Parties on Financial Sector Operations

	Payables to Unrelated Parties on Financial Sector Operations

	Employee Benefit Obligations

	Other Payables

15.832

16.123

	Other Payables to Related Parties

8,32

15.832

16.123

	Other Payables to Unrelated parties

	Contract Liabilities

	Contract Liabilities from Ongoing Construction Contracts

	Contract Liabilities from Sale of Goods and Service Contracts

	Other Contract Liabilities

	Liabilites due to Investments Accounted for Using Equity Method

	Derivative Financial Liabilities

	Derivative Financial Liabilities Held for Trading

	Derivative Financial Liabilities Held for Hedging

	Government grants

	Deferred Income Other Than Contract Liabilities

742.614

	Deferred Income Other Than Contract Liabilities From Related Parties

22,32

742.614

	Deferred Income Other Than Contract Liabilities from Unrelated Parties

	Non-current provisions

444.141

413.527

	Non-current provisions for employee benefits

19,21

444.141

413.527

	General Provisions

	Free Provisions for Contingencies

	Insurance Technical Reserves

	Other non-current provisions

	Current Tax Liabilities

	Deferred Tax Liabilities

4.263.290

3.741.901

	Other non-current liabilities

	Other Non-Current Liabilities to Related Parties

	Other Non-current Liabilities to Unrelated Parties

	Total non-current liabilities

39.999.541

41.118.894

	Total liabilities

60.137.162

86.683.569

	EQUITY

	Equity attributable to owners of parent

58.647.103

55.444.006

	Issued capital

5.000.000

	Inflation Adjustments on Capital

25.262.214

	Balancing Account for Merger Capital

	Additional Capital Contribution of Shareholders

	Capital Advance

	Treasury Shares (-)

	Capital Adjustments due to Cross-Ownership (-)

	Share Premium (Discount)

46.984

	Effects of Business Combinations Under Common Control

	Put Option Revaluation Fund Related with Non-controlling Interests

	Share Based payments (-)

	Other Accumulated Comprehensive Income (Loss) that will not be Reclassified in Profit or Loss

8.473.148

9.060.348

	Gains (Losses) from investments in equity instruments

	Gains (Losses) on Revaluation and Remeasurement

8.473.148

9.060.348

	Increases (Decreases) on Revaluation of Property, Plant and Equipment

8.844.903

9.432.586

	Increases (Decreases) on Revaluation of Intangible assets

	Increases (Decreases) on Revaluation of Right-of-use assets

	Gains (Losses) on Remeasurements of Defined Benefit Plans

-371.755

-372.238

	Other Revaluation Increases (Decreases)

	Gains (Losses) Due to Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability

	Gains (Losses) on Hedging Instruments that Hedge Investments in Equity Instruments

	Share of Other Comprehensive Income of Investments Accounted for Using Equity Method that will not be Reclassified to Profit or Loss

	Exchange Differences on Translation

	Other Gains (Losses)

	Other Accumulated Comprehensive Income (Loss) that will be Reclassified in Profit or Loss

-30.155.317

-35.623.933

	Exchange Differences on Translation

2.935.302

2.781.147

	Gains (Losses) on Hedge

-33.090.619

-38.405.080

	Gains (Losses) on Cash Flow Hedges

-33.090.619

-38.405.080

	Gains (Losses) on Hedges of Net Investment in Foreign Operations

	Other Gains (Losses) on Hedge

	Gains (Losses) on Revaluation and Reclassification

	Gains (Losses) on Remeasuring and/or Reclassification of Available-for-sale Financial Assets

	Gains (Losses) from Financial Assets Measured at Fair Value through Other Comprehensive Income

	Other Gains (Losses) on Revaluation and Reclassification

	Change in Value of Time Value of Options

	Change in Value of Forward Elements of Forward Contracts

	Change in Value of Foreign Currency Basis Spreads

	Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss

	Other Gains (Losses)

	Restricted Reserves Appropriated From Profits

145.280

	Profit from Sales of Participation Shares or Property that will be Added to Share Capital

	Legal Reserves

145.280

	Treasury Share Reserves

	Venture Capital Fund

	Other Restricted Profit Reserves

	Other equity interest

	Other reserves

	Advance Dividend Payments (Net) (-)

	Prior Years' Profits or Losses

52.238.638

35.785.006

	Current Period Net Profit Or Loss

-2.363.844

15.768.107

	Non-controlling interests

460

101.582

	Total equity

58.647.563

55.545.588

	Total Liabilities and Equity

118.784.725

142.229.157

Presentation Currency	1.000 TL
Nature of Financial Statements	Consolidated

Current Period
01.01.2024 - 31.12.2024

Previous Period
01.01.2023 - 31.12.2023

	Statement of Profit or Loss and Other Comprehensive Income

	PROFIT (LOSS)

	Revenue

29.657.596

39.389.311

	Cost of sales

-25.947.551

-33.957.316

	GROSS PROFIT (LOSS) FROM COMMERCIAL OPERATIONS

3.710.045

5.431.995

	Revenue from Finance Sector Operations

	Fee, Premium, Commission and Other Service Income

	Foreign Exchange Gains

	Interest Income

	Profit Share Income

	Derivative Financial Transactions Gains

	Income From Portfolio Management Operations

	Income From Insurance Services

	Income From Pension Services

	Unrealized Profit from Financial Assets and Liabilities

	Other Revenues from Finance Sector Operations

	Cost of Finance Sector Operations

	Fee, Premium, Commissions and Other Service Expenses

	Foreign Exchange Losses

	Interest Expenses

	Profit Share Expenses

	Provision Expenses

	Derivative Financial Transactions Losses

	Expenses Related with Portfolio Management Operations

	Expenses For Insurance Services

	Expenses For Pension Services

	Unrealized Loss from Financial Assets and Liabilities

	Other Expenses Related with Finance Sector Operations

	GROSS PROFIT (LOSS) FROM FINANCE SECTOR OPERATIONS

	Change in Fair Value of Biological Assets

	GROSS PROFIT (LOSS)

3.710.045

5.431.995

	General Administrative Expenses

-1.703.544

-2.036.018

	Marketing Expenses

-237.029

-236.760

	Research and development expense

	Other Income from Operating Activities

2.921.533

4.250.788

	Other Expenses from Operating Activities

-2.756.109

-2.683.707

	Other gains (losses)

	PROFIT (LOSS) FROM OPERATING ACTIVITIES

1.934.896

4.726.298

	Difference between carrying amount of dividends payable and carrying amount of non-cash assets distributed

	Gain (loss) arising from derecognition of financial assets measured at amortised cost

	Investment Activity Income

4.825.556

5.993.617

	Investment Activity Expenses

-4.125

	Impairment gain and reversal of impairment loss (impairment loss) determined in accordance with IFRS 9

	Share of Profit (Loss) from Investments Accounted for Using Equity Method

800.581

196.693

	Other income (expense) from subsidiaries, jointly controlled entities and associates

	Gains (Losses) Arising from Difference Between Previous Amortised Cost and Fair Value of Financial Assets Reclassified out of Amortised Cost into Fair Value through Profit or Loss Measurement Category

	Cumulative Gain (Loss) Previously Recognised in Other Comprehensive Income Arising from Reclassification of Financial Assets out of Fair Value through Other Comprehensive Income into Fair Value through Profit or Loss Measurement Category

	Hedging Gains (Losses) for Hedge of Group of Items with Offsetting Risk Positions

	PROFIT (LOSS) BEFORE FINANCING INCOME (EXPENSE)

7.561.033

10.912.483

	Finance income

4.910.232

13.283.568

	Finance costs

-22.282.467

-30.154.247

	Gains (losses) on net monetary position

840.052

12.716.229

	PROFIT (LOSS) FROM CONTINUING OPERATIONS, BEFORE TAX

-8.971.150

6.758.033

	Tax (Expense) Income, Continuing Operations

4.511.967

8.809.465

	Current Period Tax (Expense) Income

-393.455

-700.134

	Deferred Tax (Expense) Income

4.905.422

9.509.599

	PROFIT (LOSS) FROM CONTINUING OPERATIONS

-4.459.183

15.567.498

	PERIOD PROFIT/LOSS FROM DISCONTINUED OPERATIONS

2.094.623

293.943

	PROFIT (LOSS)

-2.364.560

15.861.441

	Profit (loss), attributable to [abstract]

	Non-controlling Interests

-716

93.334

	Owners of Parent

-2.363.844

15.768.107

	Earnings per share [abstract]

	Earnings per share [line items]

	Basic earnings per share

	Basic Earnings (Loss) Per Share from Continuing Operations

Sürdürülen Faaliyetlerden Pay Başına Kazanç (Kayıp)

-0,89000000

4,67000000

	Basic Earnings (Loss) Per Share from Discontinued Operations

Durdurulan Faaliyetlerden Pay Başına Kazanç

0,42000000

0,09000000

	Diluted Earnings Per Share

	Diluted Earnings (Loss) per Share from Continuing Operations

	Diluted Earnings (Loss) per Share from Discontinued Operations

	OTHER COMPREHENSIVE INCOME

	Other Comprehensive Income that will not be Reclassified to Profit or Loss

-2.081

-14.805.558

	Gains (Losses) from Investments in Equity Instruments

	Gains (Losses) on Revaluation of Property, Plant and Equipment

8.006

-18.294.579

	Gains (Losses) on Revaluation of Intangible Assets

	Gains (losses) on revaluation of Right-of-use Assets

	Gains (Losses) on Remeasurements of Defined Benefit Plans

-75.609

-226.527

	Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability

	Gains (Losses) on Hedging Instruments that Hedge Investments in Equity Instruments

	Share of Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss

	Gains (Losses) on Remeasurements of Defined Benefit Plans of Associates and Joint Ventures Accounted for Using Equity Method

	Revaluation Increases (Decreases) of Property, Plant and Equipment of Associates and Joint Ventures Accounted for Using Equity Method

	Revaluation Increases (Decreases) of Intangible Assets of Associates and Joint Ventures Accounted for Using Equity Method

	Other Share of Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method

	Exchange Differences on Translation, other than translation of foreign operations

	Other Components of Other Comprehensive Income That Will Not Be Reclassified to Profit Or Loss

	Taxes Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss

65.522

3.715.548

	Current Period Tax (Expense) Income

	Deferred Tax (Expense) Income

	Taxes Relating to Gains (Losses) from Investments in Equity Instruments

	Taxes Relating to Gains (Losses) on Revaluation of Property, Plant and Equipment

	Taxes Relating to Gains (Losses) on Revaluation of Intangible Assets

46.620

3.658.916

	Taxes Relating to Gains (Losses) on Revaluation of Right-of-use Assets

	Taxes Relating to Remeasurements of Defined Benefit Plans

18.902

56.632

	Taxes Relating to Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability

	Taxes Relating to Hedges of Investments in Equity Instruments of Other Comprehensive Income

	Taxes Relating to Share Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss

	Taxes Relating to Exchange Differences on Translation Other Than Translation of Foreign Operations

	Taxes Relating to Other Components of Other Comprehensive Income That Will Not Be Reclassified to Profit Or Loss

	Other Comprehensive Income That Will Be Reclassified to Profit or Loss

5.468.616

343.767

	Exchange Differences on Translation of Foreing Operations

154.155

-384.049

	Gains (losses) on exchange differences on translation of Foreign Operations

154.155

-384.049

	Reclassification adjustments on exchange differences on translation of Foreign Operations

	Gains (Losses) on Remeasuring or Reclassification Adjustments on Available-for-sale Financial Assets

	Gains (losses) on Remeasuring Available-for-sale Financial Assets

	Reclassification Adjustments on Available-for-sale Financial Assets

	Other Comprehensive Income (Loss) Related with Financial Assets Measured at Fair Value through Other Comprehensive Income

	Gains (Losses) on Financial Assets Measured at Fair Value through Other Comprehensive Income

	Reclassification Adjustments on Financial Assets Measured at Fair Value through Other Comprehensive Income

	Amounts Removed from Equity and Adjusted Against Fair Value of Financial Assets on Reclassification out of Fair Value through Other Comprehensive Income Measurement Category

	Other Comprehensive Income (Loss) Related with Cash Flow Hedges

7.085.948

970.421

	Gains (Losses) on Cash Flow Hedges

7.085.948

970.421

	Reclassification Adjustments on Cash Flow Hedges

	Amounts Removed from Equity and Included in Carrying Amount of Non-Financial Asset (Liability) whose Acquisition or Incurrence was Hedged Highly Probable Forecast Transaction

	Other Comprehensive Income (Loss) Related with Hedges of Net Investments in Foreign Operations

	Gains (Losses) on Hedges of Net Investments in Foreign Operations

	Reclassification Adjustments on Hedges of Net Investments in Foreign Operations

	Change in Value of Time Value of Options

	Gains (Losses) on Change in Value of Time Value of Options

	Reclassification Adjustments on Change in Value of Time Value of Options

	Change in Value of Forward Elements of Forward Contracts

	Gains (Losses) on Change in Value of Forward Elements of Forward Contracts

	Reclassification Adjustments on Change in Value of Forward Elements of Forward Contracts

	Change in Value of Foreign Currency Basis Spreads

	Gains (Losses) on Change in Value of Foreign Currency Basis Spreads

	Reclassification Adjustments on Change in Value of Foreign Currency Basis Spreads

	Share of Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss

	Gains (Losses) on Revaluation or Reclassification Adjustments of Available-for-Sale Financial Assets

	Gains (Losses) on Cash Flow Hedges of Associates and Joint Ventures Accounted for Using Equity Method

	Gains (Losses) on Hedges of Net Investment in Foreign Operations of Associates and Joint Ventures Accounted for Using Equity Method

	Gains (Losses) on Exchange Differences on Translation of Investments Accounted for Using Equity Method

	Other Gains (Losses) on Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Be Reclassified To Profit Or Loss

	Other Components of Other Comprehensive Income that will be Reclassified to Other Profit or Loss

	Taxes Relating to Components of Other Comprehensive Income that will be Reclassified to Profit or Loss

-1.771.487

-242.605

	Current Period Tax (Expense) Income

	Deferred Tax (Expense) Income

	Taxes Relating to Exchange Differences on Translation of Foreign Operations

	Taxes Relating to Gains (Losses) on Remeasuring or Reclassification Adjustments on Available-for-sale Financial Assets

	Taxes Relating to Financial Assets Measured at Fair Value through Other Comprehensive Income

	Taxes Relating to Cash Flow Hedges

-1.771.487

-242.605

	Taxes Relating to Gains or Losses on Hedges of Net Investments in Foreign Operations

	Taxes Relating to Change in Value of Time Value of Options of Other Comprehensive Income

	Taxes Relating to Change in Value of Forward Elements of Forward Contracts of Other Comprehensive Income

	Taxes Relating to Change in Value of Foreign Currency Basis Spreads of Other Comprehensive Income

	Taxes Relating to Share of Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss

	Other Components Of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss, Tax Effect

	OTHER COMPREHENSIVE INCOME (LOSS)

5.466.535

-14.461.791

	TOTAL COMPREHENSIVE INCOME (LOSS)

3.101.975

1.399.650

	Total Comprehensive Income Attributable to

	Non-controlling Interests

-716

93.334

	Owners of Parent

3.102.691

1.306.316

Presentation Currency	1.000 TL
Nature of Financial Statements	Consolidated

Current Period
01.01.2024 - 31.12.2024

Previous Period
01.01.2023 - 31.12.2023

	Statement of cash flows (Indirect Method)

	CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES

6.550.147

16.990.011

	Profit (Loss)

-2.364.560

15.861.441

	Profit (Loss) from Continuing Operations

-4.459.183

15.567.498

	Profit (Loss) from Discontinued Operations

2.094.623

293.943

	Adjustments to Reconcile Profit (Loss)

-793.612

-12.098.977

	Adjustments for depreciation and amortisation expense

15,16,17

4.827.761

6.194.368

	Adjustments for Impairment Loss (Reversal of Impairment Loss)

	Adjustments for Impairement Loss (Reversal of Impairment Loss) of Receivables

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Other Financial Assets or Investments

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Inventories

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Biological Assets

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Property, Plant and Equipment

	Adjustments for Impairment Loss of Goodwill

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Other Intangible Assets

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Investment Properties

	Adjustments for Impairment Loss (Reversal of Impairment Loss) of Non-current Assets Classified as Held for Sale

	Other Adjustments for Impairment Loss (Reversal of Impairment Loss)

	Adjustments for provisions

72.620

120.561

	Adjustments for (Reversal of) Provisions Related with Employee Benefits

51.210

46.915

	Adjustments for (Reversal of) Lawsuit and/or Penalty Provisions

	Adjustments for (Reversal of) Restructuring Provisions

	Adjustments for (Reversal of) General Provisions

	Adjustments for (Reversal of) Free Provisions for Probable Risks

	Adjustments for (Reversal of) Warranty Provisions

	Adjustments for (Reversal of) Provisions Arised From Sectoral Requirements

	Adjustments for (Reversal of) Other Provisions

21.410

73.646

	Adjustments for Dividend (Income) Expenses

	Adjustments for Profit Share or Other Financial Instruments (Income) Expenses

	Adjustments for Bargain Purchase Gain

	Adjustments for Interest (Income) Expenses

8.580.408

7.082.503

	Adjustments for Interest Income

28,30

-3.403.769

-3.858.494

	Adjustments for interest expense

28,30

11.984.177

10.940.997

	Deferred Financial Expense from Credit Purchases

	Unearned Financial Income from Credit Sales

	Adjustments for Income Arised from Government Grants

	Adjustments for Losses (Gains) on Barter Transactions

	Adjustments for unrealised foreign exchange losses (gains)

5.631.376

14.830.605

	Adjustments for share-based payments

	Adjustments for Manufacturers' Grants

	Adjustments for fair value losses (gains)

288.716

-1.745.470

	Adjustments for Fair Value Losses (Gains) of Issued Financial Instruments

	Adjustments for Fair Value Losses (Gains) of Investment Property

	Adjustments for Fair Value Losses (Gains) of Financial Assets

	Adjustments for Fair Value (Gains) Losses on Derivative Financial Instruments

288.716

-16.335

	Adjustments for Fair Value Losses (Gains) of Biological Assets and Agricultural Products

	Other Adjustments for Fair Value Losses (Gains)

2.2,29

-1.729.135

	Adjustments for Undistributed Profits of Investments Accounted for Using Equity Method

-800.581

-196.693

	Adjustments for undistributed profits of associates

3,14

-800.581

-196.693

	Adjustments For Undistributed Profits Of Joint Ventures

	Adjustments for Tax (Income) Expenses

-4.511.967

-8.307.716

	Other adjustments for non-cash items

	Adjustments for losses (gains) on disposal of non-current assets

-809

-8.905

	Adjustments for Losses (Gains) Arised From Sale of Tangible Assets

-809

-8.905

	Adjustments for Losses (Gains) Arised From Sale of Intangible Assets

	Adjustments for Losses (Gains) Arised From Sale of Investment Property

	Adjustments for Losses (Gains) Arised From Sale of Biological Assets

	Adjustments for losses (Gains) Arised from Sale of Other Non-current Assets

	Adjustments for Losses (Gains) Arised from Sale of Non-current Assets or Disposal Groups Classified as Held for Sale or as Held for Distribution to Owners

	Adjustments for (Income) Expense Caused by Sale or Changes in Share of Associates, Joint Ventures and Financial Investments

	Adjustments for Losses (Gains) on Disposal of Subsidiaries or Joint Operations

2.2,29

-4.824.747

-4.251.452

	Other adjustments for which cash effects are investing or financing cash flow

	Adjustments Related to Gain and Losses on Net Monetary Position

-10.438.912

-25.992.964

	Other adjustments to reconcile profit (loss)

382.523

176.186

	Changes in Working Capital

10.388.866

13.750.679

	Decrease (Increase) in Financial Investments

	Decrease (increase) in reserve deposits with Central Bank of Turkey

	Adjustments for decrease (increase) in trade accounts receivable

3.005.669

6.781.109

	Decrease (Increase) in Trade Accounts Receivables from Related Parties

121.052

2.123.754

	Decrease (Increase) in Trade Accounts Receivables from Unrelated Parties

2.884.617

4.657.355

	Decrease (increase) in Financial Sector Receivables

	Adjustments for Decrease (Increase) in Other Receivables Related with Operations

9.311.611

12.421.204

	Decrease (Increase) in Other Related Party Receivables Related with Operations

8.723.944

12.417.495

	Decrease (Increase) in Other Unrelated Party Receivables Related with Operations

587.667

3.709

	Adjustments for Decrease (Increase) in Contract Assets

	Decrease (Increase) In Contract Assets from Ongoing Construction Contracts

	Decrease (Increase) In Contract Assets From Sale Of Goods And Service Contracts

	Decrease (Increase) In Other Contract Assets

	Decrease (Increase) in Financial Assets Related to Concession Agreements

913.732

1.078.204

	Decrease (Increase) in Derivative Financial Assets

	Adjustments for decrease (increase) in inventories

299.407

478.433

	Decrease (Increase) in Biological Assets

	Decrease (Increase) in Prepaid Expenses

	Adjustments for increase (decrease) in trade accounts payable

-2.464.557

-4.642.839

	Increase (Decrease) in Trade Accounts Payables to Related Parties

-46.444

-615.615

	Increase (Decrease) in Trade Accounts Payables to Unrelated Parties

-2.418.113

-4.027.224

	Increase (decrease) in Payables due to Finance Sector Operations

	Increase (Decrease) in Employee Benefit Liabilities

	Adjustments for Increase (Decrease) in Contract Liabilities

194.318

-418.233

	Increase (Decrease) In Contract Liabilities From Ongoing Construction Contracts

	Increase (Decrease) In Contract Liabilities From Sale Of Goods And Service Contracts

	Increase (Decrease) In Other Contract Liabilities

194.318

-418.233

	Adjustments for increase (decrease) in other operating payables

-91.793

-290.079

	Increase (Decrease) in Other Operating Payables to Related Parties

	Increase (Decrease) in Other Operating Payables to Unrelated Parties

-91.793

-290.079

	Increase (Decrease) in Derivative Financial Liabilities

	Increase (Decrease) in Government Grants and Assistance

	Increase (Decrease) in Deferred Income Other Than Contract Liabilities

-1.025.858

-289.744

	Other Adjustments for Other Increase (Decrease) in Working Capital

246.337

-1.367.376

	Decrease (Increase) in Other Assets Related with Operations

418.219

-1.512.667

	Increase (Decrease) in Other Payables Related with Operations

-171.882

145.291

	Cash Flows from (used in) Operations

7.230.694

17.513.143

	Dividends paid

	Dividends received

	Interest paid

	Interest received

	Cash Outflows From Participation (Profit) Shares or Other Financial Instruments

	Cash Inflows From Participation (Profit) Shares or Other Financial Instruments

	Rent Paid

	Rent Received

	Cash Outflows from Acquision of Share or Debt Instruments of Other Business Organizations or Funds

	Proceeds from Sale of Share or Debt Instruments of Other Business Organizations or Funds

	Cash Outflows Due to Capital Increases of Associates, Joint Ventures and Cooperative Activities

	Payments Related with Provisions for Employee Benefits

-84.056

-66.468

	Payments Related with Other Provisions

	Income taxes refund (paid)

-596.491

-456.664

	Other inflows (outflows) of cash

	Net Cash Flows on Discontinuing Operations

	Inflation Effect On Operating Activities

	CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES

3.623.192

-114.165

	Cash Inflows from Losing Control of Subsidiaries or Other Businesses

2.2

4.808.664

3.039.266

	Cash Inflows from Sale of Shares of Subsidiaries that doesn't Cause Loss of Control

	Cash Flows Used in Obtaining Control of Subsidiaries or Other Businesses

	Cash Outflows from Purchase of Additional Shares of Subsidiaries

	Cash Inflows Caused by Share Sales or Capital Decrease of Associates and / or Joint Ventures

	Cash Outflows Arising From Purchase of Shares or Capital Increase of Associates and/or Joint Ventures

	Cash Outflows Arising From Capital Advance Payments to Associates and/or Joint Ventures

-378.080

-1.974.778

	Cash Receipts from Sales of Equity or Debt Instruments of Other Entities

	Cash Payments to Acquire Equity or Debt Instruments of Other Entities

	Proceeds from sales of property, plant, equipment and intangible assets

8.393

267.173

	Proceeds from sales of property, plant and equipment

8.393

267.173

	Proceeds from sales of intangible assets

	Purchase of Property, Plant, Equipment and Intangible Assets

-1.210.612

-1.486.255

	Purchase of property, plant and equipment

-1.190.124

-1.404.197

	Purchase of intangible assets

-20.488

-82.058

	Cash Inflows from Sale of Investment Property

	Cash Outflows from Acquition of Investment Property

	Cash Inflows from Sales of Assets Held for Sale

	Cash Outflows from Acquisition of Assets Held for Sale

	Cash Inflows from Sale of Biological Assets

	Cash Outflows from Purchase of Biological Assets

	Proceeds from sales of other long-term assets

	Purchase of other long-term assets

	Cash advances and loans made to other parties

	Cash Advances and Loans Made to Related Parties

	Other Cash Advances and Loans Made to Other Parties

	Cash receipts from repayment of advances and loans made to other parties

	Paybacks from Cash Advances and Loans Made to Related Parties

	Paybacks from Other Cash Advances and Loans Made to Other Parties

	Cash receipts from futures contracts, forward contracts, option contracts and swap contracts

	Cash payments for futures contracts, forward contracts, option contracts and swap contracts

	Proceeds from government grants

	Dividends received

394.827

160.435

	Interest paid

	Interest received

	Cash Outflows From Participation (Profit) Shares or Other Financial Instruments

	Cash Inflows From Participation (Profit) Shares or Other Financial Instruments

	Income taxes refund (paid)

	Other inflows (outflows) of cash

-120.006

	Net Cash Flows from Discontinuing Operations

	Inflation Effect On Investing Activities

	CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES

-10.795.778

-17.196.679

	Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control

	Payments from changes in ownership interests in subsidiaries that do not result in loss of control

	Proceeds from Issuing Shares or Other Equity Instruments

1.928.247

	Proceeds from issuing shares

1.928.247

	Proceeds from issuing other equity instruments

	Proceeds from Capital Advances

	Payments to Acquire Entity's Shares or Other Equity Instruments

	Payments to Acquire Entity's Shares

	Payments to Acquire Entity's Other Equity Instruments

	Cash Outflows Due to Changes in Cross-shareholdings

	Cash Inflows from Sale of Acquired Entity's Shares or Other Equity Instruments

	Cash Inflows from Sale of Acquired Entity's Shares

	Cash Inflows from Sale of Acquired Entity's Other Equity Instruments

	Cash Inflows from Change in Corresponding Participation

	Cash Inflows (Outflows) Due to Effects of Combinations Under Common Control

	Proceeds from borrowings

43.832.750

6.570.376

	Proceeds from Loans

2.573.908

377.314

	Proceeds From Issue of Debt Instruments

41.258.842

6.193.062

	Proceeds from Factoring Transactions

	Proceeds from Other Financial Borrowings

	Repayments of borrowings

-46.027.674

-17.503.790

	Loan Repayments

-32.715.192

-12.962.201

	Payments of Issued Debt Instruments

	Cash Outflows from Factoring Transactions

	Cash Outflows from Other Financial Liabilities

-13.312.482

-4.541.589

	Increase in Other Payables to Related Parties

	Decrease in Other Payables to Related Parties

-71.960

-1.122.044

	Payments of Lease Liabilities

-107.837

-213.834

	Cash Receipts from Future Contracts, Forward Contracts, Option Contracts and Swap Contracts

1.026.849

388.775

	Cash Payments for Future Contracts, Forward Contracts, Option Contracts and Swap Contracts

	Proceeds from government grants

	Dividends Paid

	Interest paid

-9.537.181

-8.714.016

	Interest Received

491.848

1.123.121

	Cash Outflows From Participation (Profit) Shares or Other Financial Instruments

	Cash Inflows From Participation (Profit) Shares or Other Financial Instruments

	Income taxes refund (paid)

	Other inflows (outflows) of cash

-402.573

346.486

	Net Cash Flows on Discontinuing Operations

	Inflation Effect On Financing Activities

	INFLATION EFFECT

	NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS BEFORE EFFECT OF EXCHANGE RATE CHANGES

-622.439

-320.833

	Effect of exchange rate changes on cash and cash equivalents

-83.485

-211.657

	Net increase (decrease) in cash and cash equivalents

-705.924

-532.490

	CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD

2.779.085

5.456.515

	INFLATION EFFECT ON CASH AND CASH EQUIVALENTS

-629.197

-2.144.940

	CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD

1.443.964

2.779.085

Presentation Currency	1.000 TL
Nature of Financial Statements	Consolidated

Equity

Equity attributable to owners of parent [member]

Non-controlling interests [member]

Issued Capital

Inflation Adjustments on Capital

Balancing Account for Merger Capital

Additional Capital Contribution of Shareholders

Capital Advance

Treasury Shares

Capital Adjustments due to Cross-Ownership

Share premiums or discounts

Effects of Combinations of Entities or Businesses Under Common Control

Put Option Revaluation Fund Related with Non-controlling Interests

Share Based Payments

Other Accumulated Comprehensive Income That Will Not Be Reclassified In Profit Or Loss

Other Accumulated Comprehensive Income That Will Be Reclassified In Profit Or Loss

Restricted Reserves Appropriated From Profits [member]

Other equity interest [member]

Other reserves [member]

Advance Dividend Payments (Net)

Retained Earnings

Accumulated Gains (Losses) from Investments in Equity Instruments

Gains/Losses on Revaluation and Remeasurement [member]

Gains (Losses) Due to Change in Fair Value of Financial Liability Attributable to Change in Credit Risk of Liability

Gains (Losses) on Hedging Instruments that Hedge Investments in Equity Instruments

Share Of Other Comprehensive İncome Of Associates And Joint Ventures Accounted for Using Equity Method that will not be Reclassified to Profit or Loss

Exchange Differences on Translation

Other Reserves Of Other Gains (Losses)

Exchange Differences on Translation

Reserve Of Gains or Losses on Hedge

Gains (Losses) on Revaluation and Reclassification

Change in Value of Time Value of Options

Change in Value of Forward Elements of Forward Contracts

Change in Value of Foreign Currency Basis Spreads

Share of Other Comprehensive Income of Associates and Joint Ventures Accounted for Using Equity Method that will be Reclassified to Profit or Loss

Other Gains (Losses)

Prior Years' Profits or Losses

Net Profit or Loss

Increases (Decreases) on Revaluation of Property, Plant and Equipment

Increases (Decreases) on Revaluation of Intangible Assets

Increases (Decreases) on Revaluation of Right-of-use Assets

Gains (Losses) on Remeasurements of Defined Benefit Plans

Other Revaluation Increases (Decreases)

Cash Flow Hedges

Gains or Losses on Hedges of Net Investment in Foreign Operations

Other Gains or Losses on Hedge

Gains (Losses) on Remeasuring and/or Reclassification of Available-for-sale Financial Assets

Gains (Losses) from Financial Assets Measured at Fair Value through Other Comprehensive Income

Reserve of Other Remeasuring or Reclassification Adjustments

Previous Period
01.01.2023 - 31.12.2023

	Statement of changes in equity [abstract]

	Statement of changes in equity [line items]

	Equity at beginning of period

2.500.000

23.604.780

14.382

26.390.353

-202.967

3.149.593

-39.132.896

145.280

19.772.516

13.706.613

49.947.654

-107.256

49.840.398

	Adjustments Related to Accounting Policy Changes

	Adjustments Related to Required Changes in Accounting Policies

	Adjustments Related to Voluntary Changes in Accounting Policies

	Adjustments Related to Errors

	Other Restatements

	Restated Balances

	Transfers

-2.322.104

16.028.717

-13.706.613

	Total Comprehensive Income (Loss)

-14.635.663

-169.895

-384.049

727.816

15.768.107

1.306.316

93.334

1.399.650

	Profit (loss)

15.768.107

93.334

15.861.441

	Other Comprehensive Income (Loss)

-14.635.663

-169.895

-384.049

727.816

-14.461.791

	Issue of equity

2.500.000

1.657.434

32.602

4.190.036

	Capital Decrease

	Capital Advance

	Effect of Merger or Liquidation or Division

	Effects of Business Combinations Under Common Control

	Advance Dividend Payments

	Dividends Paid

	Decrease through Other Distributions to Owners

	Increase (Decrease) through Treasury Share Transactions

	Increase (Decrease) through Share-Based Payment Transactions

	Acquisition or Disposal of a Subsidiary

624

15.603

-16.227

	Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity

	Transactions with noncontrolling shareholders

115.504

	Increase through Other Contributions by Owners

	Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied

	Amount Removed from Reserve of Change in Value of Time Value of Options and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied

	Amount Removed from Reserve of Change in Value of Forward Elements of Forward Contracts and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied

	Amount Removed from Reserve of Change in Value of Foreign Currency Basis Spreads and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which fair Value Hedge Accounting is Applied

	Increase (decrease) through other changes, equity

	Equity at end of period

5.000.000

25.262.214

46.984

9.432.586

-372.238

2.781.147

-38.405.080

145.280

35.785.006

15.768.107

55.444.006

101.582

55.545.588

Current Period
01.01.2024 - 31.12.2024

	Statement of changes in equity [abstract]

	Statement of changes in equity [line items]

	Equity at beginning of period

5.000.000

25.262.214

46.984

9.432.586

-372.238

2.781.147

-38.405.080

145.280

35.785.006

15.768.107

55.444.006

101.582

55.545.588

	Adjustments Related to Accounting Policy Changes

	Adjustments Related to Required Changes in Accounting Policies

	Adjustments Related to Voluntary Changes in Accounting Policies

	Adjustments Related to Errors

	Other Restatements

	Restated Balances

	Transfers

-642.309

16.410.416

-15.768.107

	Total Comprehensive Income (Loss)

54.626

-56.707

154.155

5.314.461

-2.363.844

3.102.691

-716

3.101.975

	Profit (loss)

-2.363.844

-716

-2.364.560

	Other Comprehensive Income (Loss)

54.626

-56.707

154.155

5.314.461

5.466.535

	Issue of equity

	Capital Decrease

	Capital Advance

	Effect of Merger or Liquidation or Division

	Effects of Business Combinations Under Common Control

	Advance Dividend Payments

	Dividends Paid

	Decrease through Other Distributions to Owners

	Increase (Decrease) through Treasury Share Transactions

	Increase (Decrease) through Share-Based Payment Transactions

	Acquisition or Disposal of a Subsidiary

57.190

43.216

100.406

-100.406

	Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity

	Transactions with noncontrolling shareholders

	Increase through Other Contributions by Owners

	Amount Removed from Reserve of Cash Flow Hedges and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied

	Amount Removed from Reserve of Change in Value of Time Value of Options and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied

	Amount Removed from Reserve of Change in Value of Forward Elements of Forward Contracts and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which Fair Value Hedge Accounting is Applied

	Amount Removed from Reserve of Change in Value of Foreign Currency Basis Spreads and Included in Initial Cost or Other Carrying Amount of Non-Financial Asset (Liability) or Firm Commitment for which fair Value Hedge Accounting is Applied

	Increase (decrease) through other changes, equity

	Equity at end of period

5.000.000

25.262.214

46.984

8.844.903

-371.755

2.935.302

-33.090.619

145.280

52.238.638

-2.363.844

58.647.103

460

58.647.563

13-03-2025 Third Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN72516

The third coupon payment amounting to TL 36,381,397.84 on the TL 260,580,000 nominally valued corporate bond, which was sold to qualified investors on June 13, 2024 with a maturity of 393 days and trades with the ISIN Code of TRSZORN72516, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

13-03-2025 Second Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORNE2536

The second coupon payment amounting to TL 41,062,455.00 on the TL 305,000,000 nominally valued corporate bond, which was sold to qualified investors on September 12, 2024 with a maturity of 400 days and trades with the ISIN Code of TRSZORNE2536, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

12-03-2025 Announcement of the Interest Rate for the Third Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORNE2536

The interest rate for the third coupon payment of the TL 305,000,000 nominally valued corporate bond, which was sold to qualified investors on September 12, 2024 with a maturity of 400 days and trades with the ISIN Code of TRSZORNE2536, has been set as 13.4631%. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

06-03-2025 Material Event Disclosure (General)

At the meeting of our Board of Directors on 04.03.2025, within the framework of the investment policies and strategies of Zorlu Group, in which our Company is included, and according to our material event disclosure dated 09.08.2024; after approximately 3 months of negotiations, it was decided to sign Share Purchase Agreement with the Phoenix Group, domiciled in Israel, for the sale of our entire 25% shares in Dorad Energy Ltd. ("Dorad"), which is also domiciled in Israel.

The planned share transfer is subject to the approval of Dorad's Board of Directors and will be executed with contractual price adjustments upon obtaining the necessary legal approvals and fulfilling the contractual conditions. Once the transaction is completed, our Company will no longer hold any shares in Dorad.

Under Dorad's Shareholders' Agreement, other shareholders have right of first refusal over 15% of our 25% shares. If this right of first refusal is not exercised, our entire 25% shares will be transferred to Phoenix Group under the same conditions.

06-03-2025 Non-current Financial Asset Sale

06-03-2025 Material Event Disclosure (General)

Pursuant to our material event disclosure dated February 27, 2025, the sale of sustainability-linked bonds in Regulation S format, with a nominal value of USD 100,000,000 to qualified investors outside Türkiye, which was approved by the Capital Markets Board on March 03, 2025, is completed on March 06, 2025 (today) and the proceeds from the bond sale have been transferred to our Company's accounts. The said bonds will be listed on the Irish Stock Exchange (Euronext Dublin).

06-03-2025 Fourth Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN52518

The fourth coupon payment amounting to TL 23,941,775.00 on the TL 181,000,000 nominally valued corporate bond, which was sold to qualified investors on March 07, 2024 with a maturity of 427 days and trades with the ISIN Code of TRSZORN52518, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

05-03-2025 Notification Regarding Issue of Capital Market Instrument (Debt Instrument)

The interest rate for the fifth coupon payment of the TL 181,000,000 nominally valued corporate bond, which was sold to qualified investors on March 07, 2024 with a maturity of 427 days and trades with the ISIN Code of TRSZORN52518, has been set as 8.9754%. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

03-03-2025 Material Event Disclosure (General)

Pursuant to our material event disclosure dated February 27, 2025, the tranche issuance application regarding the issuance of Eurobond with a nominal value of USD 100 million and 5,5-year maturity to be sold to qualified investors outside of Turkey by our Company in accordance with the "Regulation S" is approved by the Capital Markets Board on March 3, 2025.

03-03-2025 Company General Info Form

Board Members

Name-Surname	Person Who Behaves On Behalf Of Legal Person Board Member	Gender	Title	Profession	The First Election Date To Board	Whether Executive Director or Not	Positions Held in the Company in the Last 5 Years	Current Positions Held Outside the Company	Whether the Director has at Least 5 Years'' Experience on Audit, Accounting and/or Finance or not	Share in Capital (%)	The Share Group that the Board Member Representing	Independent Board Member or not	Link To PDP Notification That Includes The Independency Declaration	Whether the Independent Director Considered By The Nomination Committee	Whether She/He is the Director Who Ceased to Satisfy The Independence or Not	Committees Charged and Task
AHMET NAZİF ZORLU		Male	Chairman of the Board	Businessman / Businesswoman	17.05.2017	Non-Executive	Member of the Board	Chairman and Vice Chairman at Zorlu Group Companies				Dependent Member				-
SELEN ZORLU MELİK		Female	Member of the Board	Managing Director / Chief Executive	10.05.2001	Executive	Member of the Board	Board Member at Zorlu Group Companies				Dependent Member				-
CEM MENGİ		Male	Member of the Board	Banker	27.04.2021	Non-Executive	Member of the Board	Founding Chairman of CM Capital Management Company	Yes			Independent Member	https://www.kap.org.tr/tr/Bildirim/1146915	Considered	No	Audit Committee - Chair, Corporate Governance Committee - Member
BEKİR CEM KÖKSAL		Male	Member of the Board	Engineer	04.06.2012	Non-Executive	Member of the Board	Member of the Board of Directors at Zorlu Holding AŞ,, Member of the Board of Vestel Elektronik San. ve Tic. A.Ş., Member of the Board of Vestel Beyaz Eşya San. ve Tic. A.Ş., Chairman and Member of the Board of Directors of various Zorlu Group Subsidiaries	Yes			Dependent Member				Strategy Investment and R&D Committee - Member
YUSUF GÜNAY		Male	Deputy Chairman of the Board	Businessman / Businesswoman	28.05.2024	Non-Executive	Member of the Board of Directors					Independent Member				Audit Committee-Member of Committee, Early Detection of Risk Committee-Chair of Committee, Strategy and Investments Committee-Chair of Committee
BETÜL EBRU EDİN		Female	Member of the Board	Businessman / Businesswoman	28.05.2024	Non-Executive	Member of the Board of Directors	Chair of the Board of Directors at the Sustainable Development Association, Member of the Board of Directors at the Istanbul Foundation for Culture and Arts, Member of the Board of Directors at the 30% Club	Yes			Independent Member				Corporate Governance Committee-Chair of Committee, Early Detection of Risk Committee-Member of Committee, Strategy and Investments Committee-Member of Committee, Sustainability Committee-Chair of Committee
MÜMİN CENGİZ ULTAV		Male	Member of the Board	Businessman / Businesswoman	28.05.2024	Non-Executive	Member of the Board of Directors	Member of the Board of Directors at Vestel Ventures, Member of the Türkiye Informatics Foundation				Dependent Member				He is not a member of any committee.

27-02-2025 Developments on Eurobond Issuance - TAP Pricing

Zorlu Enerji Elektrik Üretim A.Ş. will issue a USD 100,000,000 tap Eurobond issuance to be consolidated with its existing USD 1,000,000,000 sustainability-linked bonds due April 23, 2030, which was sold to qualified investors abroad within the format of "Regulation S" and "Rule 144A" regulations and currently listed on the Irish Stock Exchange (Euronext Dublin) as announced with the Company's material event disclosures dated October 23, 2024 and October 30, 2024. The nominal value of the sustainability-linked bonds to be issued is USD 100,000,000 and in Regulation S format with a maturity of 5.5 years. The issued bonds will be redeemed in installments of USD 5,625,000 every six months starting from the third year, with the remaining USD 71,875,000 to be redeemed at maturity. The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). The sale transaction is expected to be completed on March 6, 2025, following the execution of the agreement for issuance and obtaining the Capital Markets Board approval for the issuance certificate. JP Morgan Securities plc will act as the Sole Initial Purchaser in this transaction.

27-02-2025 Second Coupon Payment on the Commercial Paper with the ISIN Code of TRFZORN42516

The second coupon payment amounting to TL 5,697,685.23 on the TL 43,530,000 nominally valued commercial paper, which was sold to qualified investors on Aug 29, 2024 with a maturity of 232 days and trades with the ISIN Code of TRFZORN42516, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

27-02-2025 Second Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORNE2528

The second coupon payment amounting to TL 26,926,200.00 on the TL 200,000,000 nominally valued corporate bond, which was sold to qualified investors on Aug 29, 2024 with a maturity of 400 days and trades with the ISIN Code of TRSZORNE2528, was made as of today. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

27-02-2025 Second Coupon Payment on the Commercial Paper with the ISIN Code of TRFZORN42516

26-02-2025 Announcement of the Interest Rate for the Third Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORNE2510

The interest rate for the third coupon payment of the TL 200,540,000 nominally valued corporate bond, which was sold to qualified investors on Aug 29, 2024 with a maturity of 400 days and trades with the ISIN Code of TRSZORNE2510,has been set as 13.2137%. This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

19-02-2025 Fourteenth Coupon Payment and Redemption of the Corporate Bond with the ISIN Code of TRSZORN22511

TL 125,000,000 nominally valued Corporate Bond, which was sold to qualified investors on December 21, 2023 with a maturity of 426 days and with the ISIN Code of TRSZORN22511, was redeemed as of today (February 19, 2025) with the completion of the fourteenth coupon payment amounting to TL 6,137,625.00 and the principal payment of TL 125,000,000. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

19-02-2025 Fourth Coupon Payment and Redemption of the Corporate Bond with the ISIN Code of TRSZORN22529

TL 278,800,000 nominally valued Corporate Bond, which was sold to qualified investors on February 01, 2024 with a maturity of 384 days and with the ISIN Code of TRSZORN22529, was redeemed as of today (February 19, 2025) with the completion of the fourth coupon payment amounting to TL 47,300,092.75 and the principal payment of TL 278,800,000. This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

19-02-2025 Issuance of a Corporate Bond with Floating Coupon Payment to Qualified Investors (TRSZORN32619)

Zorlu Enerji has announced on November 15, 2024 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 5,000,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market within one year following the receipt of the issuance certificate. Within this scope, the Company completed the sale of a TL 425,000,000 corporate bond with floating coupon payments with a maturity of 401 days to qualified domestic investors on February 19, 2025. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.This statement was translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

13-02-2025 Third Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN62517

The third coupon payment amounting to TL 34,218,674.99 on the TL 225,000,000 nominally valued corporate bond, which was sold to qualified investors on May 16, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORN62517, was made as of today. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

13-02-2025 First Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORNA2514

The first coupon payment amounting to TL 58.006,286.20 on the TL 456,200,000 nominally valued corporate bond, which was sold to qualified investors on November 14, 2024 with a maturity of 385 days and trades with the ISIN Code of TRSZORNA2514, was made as of today.This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

12-02-2025 Announcement of the Interest Rate for the Fourth Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORN62517

The interest rate for the fourth coupon payment of the TL 225,000,000 nominally valued corporate bond, which was sold to qualified investors on May 16, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORN62517, has been set as 21.0576%. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

10-02-2025 Company General Info Form

Capital and Shareholder Struture
Current Breakdown of Indirect Shareholders
Shareholder	Share in Capital	Monetary Unit	Ratio in Capital (%)
AHMET NAZİF ZORLU	1.151.545.997,12	TRY	23,03
OLGUN ZORLU	500.672.172,66	TRY	10,01
FATMA ŞEHENAZ ÇAPKINOĞLU	375.504.129,50	TRY	7,51
SELEN ZORLU MELİK	375.504.129,50	TRY	7,51
ZÜLAL ZORLU	25.033.608,63	TRY	0,5
ŞEHMİNUR AYDIN	25.033.608,63	TRY	0,5
MEHMET EMRE ZORLU	25.033.608,63	TRY	0,5
ŞULE ZORLU	25.033.608,63	TRY	0,5

03-02-2025 Company General Info Form

Company Management
Top Management
Name-Surname	Title	Profession	Positions Held in the Company in the Last 5 Years	Current Positions Held Outside the Company
ELİF YENER	Sektör Başkanı/ CEO	Managing Director / Chief Executive	Mali İşler Genel Müdürü, Sürdürülebilirlik Komitesi Üyesi	Zorlu Enerji Grubu Sektör Başkanı/ CEO
MURAT KUBİLAY ŞİMŞEK	Mali İşler Genel Müdürü	Managing Director / Chief Executive	Mali İşler Müdürü, Mali İşler Direktörü, Mali İşler Genel Müdürü	Zorlu Enerji Grubu Mali İşler Genel Müdürü
ALİ KINDAP	Yatırımlar, İşletme ve Bakımdan Sorumlu Genel Müdür	Managing Director / Chief Executive	Yatırımlar, İşletme ve Bakımdan Sorumlu Genel Müdür	Yoktur
AYDIN AKAT	Endüstriyel Proje ve Uygulamalardan Sorumlu Genel Müdür	Managing Director / Chief Executive	Endüstriyel Proje ve Uygulamalardan Sorumlu Genel Müdür	Yoktur
FUAT CELEPCİ	Elektrik ve Gaz Dağıtım Operasyonlarından Sorumlu Genel Müdür	Managing Director / Chief Executive	Elektrik ve Gaz Dağıtım Operasyonlarından Sorumlu Genel Müdür	Yoktur
NİHAT TÜRKSEVER	İş Geliştirme Genel Müdür Yardımcısı	Managing Director / Chief Executive	Yatırımlar, Planlama ve İş Geliştirme Genel Müdür Yardımcısı, Iş Geliştirme Genel Müdür Yardımcısı	Yoktur
ÖZDEMİR MANAVCI	Muhasabe Genel Müdür Yardımcısı	Managing Director / Chief Executive	Muhasebe Grup Müdürü, Muhasebe Genel Müdür Yardımcısı	Zorlu Enerji Grubu Muhasebe Genel Müdür Yardımcısı
AYHAN AKIN	Güneş ve Termik Projeler Genel Müdür Yardımcısı	Managing Director / Chief Executive	Proje Müdürü, EPC, DC Şarj, Solar, Biomess Genel Müdür Yardımcısı Vekili	Yoktur
FULYA BIÇAK MUŞTU	Bilgi Teknolojileri ve İş Geliştirme Direktörü	Managing Director / Chief Executive	Yoktur	Zorlu Enerji Grubu Bilgi Teknolojileri ve İş Geliştirme Direktörü
TAMER AKASLAN	OEPSAŞ Direktörü	Managing Director / Chief Executive	Trakya Bölge Direktörü	Yoktur
ERSEN MUSTAFA ÖZYILMAZ	Satınalma ve Lojistik Direktörü	Managing Director / Chief Executive	Satınalma ve Lojistik Müdürü	Zorlu Enerji Grubu Satınalma ve Lojistik Direktörü
MUZAFFER YALÇIN	Elektrik Dağıtım Direktörü	Managing Director / Chief Executive	Elektrik Dağıtım Direktörü	Yoktur
RAMAZAN HARBİLİ	Insan Kaynakları Direktörü	Managing Director / Chief Executive	İnsan Kaynaklari Grup Müdürü	Zorlu Enerji İnsan Kaynakları Direktörü
TAMER SOYLU	İSG-Ç ve Sürdürülebilirlik Grup Müdürü	Managing Director / Chief Executive	İş Sağlığı, Güvenliği ve Çevre Müdürü	Zorlu Enerji Grubu İSG-Ç ve Sürdürülebilirlik Grup Müdürü

30-01-2025 Second Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN92514

The second coupon payment amounting to TL 78,506,479.98 on the TL 580,000,000 nominally valued corporate bond, which was sold to qualified investors on August 01, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORN92514, was made as of today.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.

29-01-2025 Announcement of the Interest Rate for the Third Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORN92514

The interest rate for the third coupon payment of the TL 580,000,000 nominally valued corporate bond, which was sold to qualified investors on August 01, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORN92514, has been set as 13.6110%.

16-01-2025 Thirteenth Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN22511

The thirteenth coupon payment amounting to TL 5,786,000.00 on the TL 125,000,000 nominally valued corporate bond, which was sold to qualified investors on December 21, 2023 with a maturity of 426 days and trades with the ISIN Code of TRSZORN22511, was made as of today.

16-01-2025 Thirteenth Coupon Payment and Redemption of the Corporate Bond with the ISIN Code of TRSZORN12512

TL 141,850,000 nominally valued Corporate Bond, which was sold to qualified investors on December 14, 2023 with a maturity of 399 days and with the ISIN Code of TRSZORN12512, was redeemed as of today (January 16, 2025) with the completion of the thirteenth coupon payment amounting to TL 7,201,157.08 and the principal payment of TL 141,850,000. This statement was translated into English for informational purposes.

16-01-2025 ISSUANCE OF A COMMERCIAL PAPER WITH FIXED COUPON PAYMENT TO QUALIFIED INVESTORS (TRFZORN72513)

Zorlu Enerji has announced on July 04, 2024 that the Capital Markets Board had approved the Company's application to issue debt instruments up to a nominal value of TL 3,500,000,000 and with a maximum maturity of 5 years for sale in single or multiple tranches to qualified investors in the domestic market within one year following the receipt of the issuance certificate. Within this scope, the Company completed the sale of a TL 440,000,000 fixed coupon commercial paper with a maturity of 176 days to qualified domestic investors on January 16, 2025. Ak Yatırım Menkul Değerler AŞ has acted as the financial intermediary for the issue.

15-01-2025 Announcement of the Interest Rate for the Fourteenth Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORN22511

The interest rate for the fourteenth coupon payment of the TL 125,000,000 nominally valued corporate bond, which was sold to qualified investors on December 21, 2023 with a maturity of 426 days and trades with the ISIN Code of TRSZORN22511, has been set as 4.9101%.

09-01-2025 Second Coupon Payment on the Corporate Bond with the ISIN Code of TRSZORN82515

The second coupon payment amounting to TL 82,274,400.00 on the TL 600,000,000 nominally valued corporate bond, which was sold to qualified investors on July 11, 2024 with a maturity of 391 days and trades with the ISIN Code of TRSZORN82515, was made as of today.

08-01-2025 Announcement of the Interest Rate for the Third Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORN82515

The interest rate for the third coupon payment of the TL 600,000,000 nominally valued corporate bond, which was sold to qualified investors on July 11, 2024 with a maturity of 391 days and trades with the ISIN Code of TRSZORN82515, has been set as 13.7124%.

02-01-2025 Announcement of the Interest Rate for the Fourth Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORN52526

The interest rate for the fourth coupon payment of the TL 174,450,000 nominally valued corporate bond, which was sold to qualified investors on April 04, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORN52526, has been set as 20.8905%.

02-01-2025 Announcement of the Interest Rate for the Second Coupon Payment of the Corporate Bond with the ISIN Code of TRSZORNK2512

The interest rate for the second coupon payment of the TL 508,000,000 nominally valued corporate bond, which was sold to qualified investors on October 03, 2024 with a maturity of 399 days and trades with the ISIN Code of TRSZORNK2512, has been set as 13.2137%.

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