Milli Re 2025 Annual Report

Note Audited Current Period December 31, 2025 (*)(**) Audited Prior Period December 31, 2024 (**) I. PROFIT DISTRIBUTION 1.1. CURRENT YEAR PROFIT (***) 9.851.556.205 5.957.036.699 1.2. TAX AND FUNDS PAYABLE - - 1.2.1. Corporate Income Tax(Income Tax) - - 1.2.2. Income tax deduction - - 1.2.3. Other taxes and Duties - - A. NET PROFIT(1.1 - 1.2) 9.851.556.205 5.957.036.699 1.3. PREVIOUS PERIOD LOSSES (-) - - 1.4. FIRST LEGAL RESERVE (****) - - 1.5. STATUTORY FUND (-) - - B. NET PROFIT DISTRIBUTION [(A-(1.3 + 1.4 + 1.5)] 9.851.556.205 5.957.036.699 1.6. FIRST DIVIDEND TO SHAREHOLDERS (-) - (595.703.670) 1.6.1. Holders of shares - (595.703.670) 1.6.2. Holders of Preferred shares - 1.6.3. Holders of Redeemed shares - 1.6.4. Holders of Participation Bond - 1.6.5. Holders of Profit and Loss sharing certificate - 1.7. DIVIDEND TO PERSONNEL (-) - (29.977.516) 1.8. DIVIDENDS TO BOARD OF DIRECTORS (-) - - 1.9. SECOND DIVIDEND TO SHAREHOLDERS (-) - - 1.9.1. Holders of shares - - 1.9.2. Holders of Preferred shares - - 1.9.3. Holders of Redeemed shares - - 1.9.4. Holders of Participation Bond - - 1.9.5. Holders of Profit and Loss sharing certificate - - 1.10. SECOND LEGAL RESERVE (-) - - 1.11. STATUTORY RESERVES (-) - - 1.12. EXTRAORDINARY RESERVES (*****) - - 1.13. OTHER RESERVES - (5.331.355.513) 1.14. SPECIAL FUNDS (**) - - 1.6. FIRST DIVIDEND TO SHAREHOLDERS (-) - - II. DISTRIBUTION OF RESERVES 2.1. DISTRIBUTION OF RESERVES - - 2.2. SECOND LEGAL RESERVES (-) - - 2.3. COMMON SHARES (-) - - 2.3.1. Holders of shares - - 2.3.2 Holders of Preferred shares - - 2.3.3. Holders of Redeemed shares - - 2.3.4 Holders of Participation Bond - - 2.3.5 Holders of Profit and Loss sharing certificate - - 2.4. DIVIDENDS TO PERSONNEL (-) - - 2.5. DIVIDENDS TO BOARD OF DIRECTORS (-) - - III. PROFIT PER SHARE 3.1. HOLDERS OF SHARES - 0,0899 3.2. HOLDERS OF SHARES (%) - 8,99 3.3. HOLDERS OF PREFERRED SHARES - - 3.4. HOLDERS OF PREFERRED SHARES (%) - - IV. DIVIDEND PER SHARE 4.1. HOLDERS OF SHARES - 0,0090 4.2. HOLDERS OF SHARES (%) - 0,90 4.3. HOLDERS OF PREFERRED SHARES - - 4.4. HOLDERS OF PREFERRED SHARES (%) - - (*) The distribution of the period’s profit is under the authority of the General Assembly, the company’s governing body. Since the General Assembly meeting for the fiscal year 2025 (January 1 - December 31, 2025) has not yet been held as of the date of preparation of the financial statements, the profit distribution table for 2024 has not been prepared. (**) As of December 31, 2025, there is no “Non-Distributable Profit for the Period” under equity arising from 25% of real estate sales revenue pursuant to Article 5/1-e of the Tax Procedure Law (December 31, 2024: 6.572.222 TL). An amount of 75.137.000 TL, allocated for employee profit-sharing provisions in accordance with IAS 19, has been added to the profit for the period as of December 31, 2025 (2024: 29.977.516 TL). (***) The consideration was based on the unconsolidated profit. ****) Due to the fact that 20% of the company’s capital has been reached, no legal reserves have been set aside. (*****) At the Company’s Ordinary General Assembly Meeting held on March 26, 2025, it was decided that 595.703.670 TL of the net profit for the year 2024 would be distributed as cash dividends to shareholders, and the remaining amount would be allocated as retained earnings. The amount added to retained earnings has been presented under the “Extraordinary Reserves” item in the profit distribution table. 222 MİLLÎ REASÜRANS 2025 Annual Report Millî Reasürans Türk Anonim Şirketi The accompanying notes are an integral part of these consolidated financial statements. (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) Consolidated Statement of Profit Distribution For the Year Ended December 31, 2025