Gülermak Ağır Sanayi

Calculation: numerator ÷ denominatorTRY 17,572,670,334÷TRY 79,983,602,842 (total assets)× 100

RatioInterest-bearing loans / total assets

Upper bound. Debt items that may count as interest-bearing (line 6I of the KAFİF form) were taken in full from the public statements. Of the lease liabilities shown on the balance sheet, TRY 1,138,624,441 are debts that do not count under TKBB Guideline 6.2, so they were deducted from the debt numerator (source: balance sheet, page 5). Deductions on line 6J of the company's KAFİF declaration are taken only when the financial statements or notes confirm them. The ratio is therefore an upper bound for the items shown in the financial statements. The ratio in the company's KAFİF declaration for the same period (22.17%) is above this bound. (Loans from participation banks and lease certificates (sukuk) are deducted only when a note shows them separately; none of them was deducted in this measurement.) Note 9: “Alınan depozito ve teminatlar” TRY 840,230,372: undetermined, kept in the upper bound; “İlişkili taraflara kısa vadeli diğer borçlar (Dipnot 4)” TRY 1,937,920: undetermined, kept in the upper bound; “Diğer” TRY 2,038,234: undetermined, kept in the upper bound; “Alınan depozito ve teminatlar” TRY 90,706,299: undetermined, kept in the upper bound; “İlişkili taraflara uzun vadeli diğer borçlar (Dipnot 4)” TRY 15,199,114: undetermined, kept in the upper bound; “Diğer” TRY 28,965,459: undetermined, kept in the upper bound. Notes that could not be used: Note 8 (Short-term borrowings): the note's amounts could not be matched to this item automatically. Note 8 (Long-term borrowings): the note's amounts could not be matched to this item automatically. The ratio is in the range 0.00% to 21.97%; both bounds give the same result.

KAFİF declaration 22.2% (first half 2026) · Sağlama upper bound 22.0% (first half 2026) · the company declares a higher ratio · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

Calculation: numerator ÷ denominatorTRY 18,116,615,747÷TRY 79,983,602,842 (total assets)× 100

RatioInterest-bearing cash and securities / total assets

Upper bound. Asset items that may count as interest-bearing (line 5F of the KAFİF form) were taken in full from the public statements. The deductions the company declares on line 5G of its KAFİF form are not used in the measurement; they could not be confirmed from the financial statements and notes, so the deduction was set to 0. The ratio is therefore an upper bound for the items shown in the financial statements. Note 7: “Kullanımı kısıtlı banka bakiyeleri (*)” TRY 685,136,998: undetermined, kept in the upper bound; “Gulermak AB” TRY 182,873: undetermined, kept in the upper bound; “PPP Solutions Polska 7 Sp. z o.o.” TRY 160,213: undetermined, kept in the upper bound; “PPP Solutions Polska 5 Sp. z o.o.” TRY 161,914: undetermined, kept in the upper bound; “PPP Solutions Polska 3 Sp. z o.o.” TRY 155,962: undetermined, kept in the upper bound; “Avrasya Metro Grubu S.R.L.” TRY 71,365: undetermined, kept in the upper bound; “PPP Solutions Polska 1 Sp. z o.o.” TRY 0: undetermined, kept in the upper bound. Notes that could not be used: Note 5 (Cash and cash equivalents): a subtotal in the note could not be matched to the lines read automatically. The ratio is in the range 0.00% to 22.65%; both bounds give the same result.

KAFİF declaration 15.8% (first half 2026) · Sağlama range 0.0% to 22.7% (first half 2026) · the declaration is inside the range · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026

Calculation: numerator ÷ denominatorTRY 684,360,874÷TRY 24,827,508,435 (total income)× 100

RatioExcluded income / total income

On the KAP form this item is titled “Katılım Finans İlkelerine Uygun Olmayan Gelir”, which means income not in line with participation finance principles.

Measured on the items we can calculate. Income items that may count as excluded (line 4C of the KAFİF form) were taken in full from the public statements. Income that the notes prove does not count (line 4D of the KAFİF form) was deducted. Items that could not be separated stayed in the numerator, as a precaution. For these income lines (line 4C), the ratio is an upper bound. Excluded income from business activities (line 4B of the KAFİF form) does not appear in the financial statements; it is only in the company's KAFİF declaration on KAP. This measurement sets it to 0. If there is a declaration, the record shows it separately, with a link. Note 24: “Ticaret faaliyetleriyle ilgili kur farkı geliri” TRY 890,674,014: not counted (proven); “Reeskont gelirleri” TRY 50,888,264: undetermined, kept in the upper bound; “Konusu kalmayan şüpheli alacak karşılığı (Dipnot 6)” TRY 14,397,630: not counted (proven); “Hurda satış geliri” TRY 3,532,113: not counted (proven); “Konusu kalmayan kıdem karşılıkları” TRY 2,448,535: not counted (proven); “Diğer” TRY 47,993,613: undetermined, kept in the upper bound. Note 26: “Kur farkı gelirleri” TRY 1,217,135,437: not counted (proven); “Faiz gelirleri” TRY 311,285,224: counted in the ratio (proven). Note 25: “Fon satış ve gerçeğe uygun değer farkları” TRY 274,193,773: undetermined, kept in the upper bound; “Maddi duran varlık satış karları” TRY 29,888,210: not counted (proven); “Kira geliri (*)” TRY 188,578: not counted (proven). The ratio is in the range 1.25% to 2.76%; both bounds give the same result.

KAFİF declaration 2.6% (first half 2026) · Sağlama range 1.3% to 2.8% (first half 2026) · the declaration is inside the range · View the form on KAP

Source: company financial report, first half 2026 statements · Jun 30, 2026