Milli Re 2025 Annual Report

6 Tangible assets Movement in tangible assets in the period from January 1 to December 31, 2025 is presented below: January 1, 2025 Addition Foreign currency translation effect (*) Transfers Valuation differences December 31, 2025 Cost/Fair Value: Investment properties (Note 7) (**) 5.336.521.000 201.331.560 - - 2.158.244.904 7.696.097.464 Buildings for own use 317.622.500 - - - 184.681.346 502.303.846 Machinery and equipment 280.935.328 54.439.208 - (104.209) - 335.270.327 Furniture and fixtures 84.901.462 47.564.652 1.759.733 (2.168.555) - 132.057.292 Land Vehicles 36.462.802 79.326.701 1.699.343 (5.930.901) - 111.557.945 Other tangible assets (including leasehold improvements) 106.204.900 8.800.021 - - - 115.004.921 Leased Assets 328.088.484 56.995.708 6.076.775 (1.870.779) - 389.290.188 Construction in progress (**) 42.855.711 700.886.395 - - - 743.742.106 6.533.592.187 1.149.344.245 9.535.851 (10.074.444) 2.342.926.250 10.025.324.089 Accumulated depreciation:: Buildings for own use 192.706 2.509.721 - (2.426.836) - 275.591 Machinery and equipment 147.233.175 49.327.773 - (1.737) - 196.559.211 Furniture and fixtures 44.798.081 17.708.621 1.712.173 (1.849.455) - 62.369.420 Land Vehicles 8.033.289 18.041.964 237.103 (4.656.735) - 21.655.621 Other tangible assets (including leasehold improvements) 46.840.973 16.052.661 - - - 62.893.634 Leased Assets 127.423.780 77.704.075 4.945.145 (1.699.924) - 208.373.076 374.522.004 181.344.815 6.894.421 (10.634.687) - 552.126.553 Net book value 6.159.070.183 9.473.197.536 (*) Foreign currency translation effect resulted from Singapore Branch (**) The ongoing investments account includes costs related to the heating and cooling group and the renovation of the real estate. 277 Notes to the Consolidated Financial Statements As of December 31, 2025 Millî Reasürans Türk Anonim Şirketi GENERAL INFORMATION FINANCIAL RIGHTS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY AND SENIOR EXECUTIVES RISKS AND ASSESSMENT OF THE GOVERNING BODY ACTIVITIES AND MAJOR DEVELOPMENTS RELATED TO ACTIVITIES RESEARCH & DEVELOPMENT ACTIVITIES FINANCIAL STATUS FINANCIAL INFORMATION (Currency: Turkish Lira (TRY)) (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)