Horoz Lojistik

Calculation: numerator ÷ denominatorTRY 2,769,938,885÷TRY 11,560,488,824 (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. Debts proven not to count (line 6J of the KAFİF form) were deducted as far as the notes prove them; items that could not be separated stayed in the numerator, as a precaution. Of the lease liabilities shown on the balance sheet, TRY 1,988,584,088 are debts that do not count under TKBB Guideline 6.2, so they were deducted from the debt numerator (source: balance sheet, page 5). The ratio is therefore an upper bound for the items shown in the financial statements. Note 8: “İlişkili Taraflara Diğer Borçlar (Bkz.Not:28)” TRY 361,936: undetermined, kept in the upper bound; “İlişkili Olmayan Taraflara Diğer Borçlar / Ödenecek Vergi, Harç ve Diğer Kesintiler” TRY 55,681,000: not counted (proven); “İlişkili Olmayan Taraflara Diğer Borçlar / Kamuya Olan Ertelenmiş veya Taksit. Yük.” TRY 0: undetermined, kept in the upper bound; “İlişkili Olmayan Taraflara Diğer Borçlar / Diğer Borçlar” TRY 895,940: undetermined, kept in the upper bound. Note 6: “Banka Kredileri” TRY 85,310,854: undetermined, kept in the upper bound. Notes that could not be used: Note 6 (Short-term borrowings): the note's amounts could not be matched to this item automatically. Note 6 (Long-term borrowings): the note's amounts could not be matched to this item automatically. The ratio is in the range 0.00% to 23.96%; both bounds give the same result.

KAFİF declaration 15.2% (first half 2026) · Sağlama range 0.0% to 24.0% (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 530,965,349÷TRY 11,560,488,824 (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. Assets proven not to count (line 5G of the KAFİF form) were deducted as far as the notes prove them; items that could not be separated stayed in the numerator, as a precaution. The ratio is therefore an upper bound for the items shown in the financial statements. Note 4: “Kasa” TRY 147,100: not counted (proven); “Banka / Vadesiz Mevduat” TRY 67,755,271: not counted (proven); “Banka / Vadeli Mevduat” TRY 207,164,399: counted in the ratio (proven); “Nakit Benzerleri / B Tipi Likit Fonlar” TRY 287,843,215: undetermined, kept in the upper bound; “Nakit Benzerleri / Diğer Hazır Değerler” TRY 35,957,735: undetermined, kept in the upper bound. The ratio is in the range 1.79% to 4.59%; both bounds give the same result.

KAFİF declaration 4.3% (first half 2026) · Sağlama range 1.8% to 4.6% (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 305,855,705÷TRY 8,237,064,282 (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 22: “Konusu Kalmayan Şüpheli Alacak Karşılığı” TRY 25,218,950: not counted (proven); “Konusu Kalmayan Dava Karşılığı” TRY 4,738,353: not counted (proven); “Cari Dönem Reeskont Geliri” TRY 23,541,421: undetermined, kept in the upper bound; “Önceki Dönem Reeskont İptal Geliri” TRY 72,168,327: undetermined, kept in the upper bound; “Kur Farkı Gelirleri (Ticari Alacak Borç)” TRY 51,828,789: not counted (proven); “Y.Dışı Lojistik Dağıtım Ağları (YLDA) Teşviği” TRY 146,050,164: undetermined, kept in the upper bound; “Diğer Gelirler ve Karlar” TRY 9,750,175: undetermined, kept in the upper bound. Note 24: “Finansman Faaliyetlerinden Faiz Gelirleri” TRY 27,821,457: counted in the ratio (proven); “Repo Gelirleri” TRY 26,524,161: counted in the ratio (proven). Note 23: “Maddi ve Maddi Olmayan Duran Varlık Satış Karı” TRY 17,301,714: not counted (proven). The ratio is in the range 0.66% to 3.71%; both bounds give the same result.

KAFİF declaration 1.1% (first half 2026) · Sağlama range 0.7% to 3.7% (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