Milli Re 2025 Annual Report

8 Intangible assets Movement in intangible assets in the period from January 1 to December 31, 2025 and 2024 is presented below: January 1, 2025 Additions Foreign currency translation effects (*) Disposal Transfers December 31, 2025 Cost: Rights 14.304.813 24.101.768 176.782 (54.810) 73.353.735 111.882.288 Advances on intangible fixed assets (**) 73.353.735 - - (73.353.73) - 87.658.548 24.101.768 176.782 (54.810) - 111.882.288 Accumulated amortization: Rights 10.640.733 5.282.564 166.325 (54.810) - 16.034.812 10.640.733 5.282.564 166.325 (54.810) - 16.034.812 Carrying amounts 77.017.815 95.847.476 (*) Foreign currency translation effect resulted from Singapore Branch. (**) Given referring to TFRS 17 consultation and softwares. January 1, 2024 Additions Foreign currency translation effects (*) Disposal Transfers December 31, 2024 Cost: Rights 61.830.210 307.644 231.183 (48.064.224) - 14.304.813 Advances on intangible fixed assets (**) 37.611.025 35.742.710 - - - 73.353.735 99.441.235 36.050.354 231.183 (48.064.224) - 87.658.548 Accumulated amortization: Rights 54.082.786 4.424.862 197.309 (48.064.224) - 10.640.733 54.082.786 4.424.862 197.309 (48.064.224) - 10.640.733 Carrying amounts 45.358.449 77.017.815 (*) Foreign currency translation effect resulted from Singapore Branch. (**) Given referring to TFRS 17 consultation and softwares. 168 MİLLÎ REASÜRANS 2025 Annual Report Notes to the Unconsolidated Financial Statements As of December 31, 2025 Millî Reasürans Türk Anonim Şirketi (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)