Milli Re 2025 Annual Report

Audited TL Note Current Period 31 December 2025 (*) Prior Period 31 December 2024 (*) I. PROFIT DISTRIBUTION 1.1. CURRENT YEAR PROFIT (*) 9,851,556,205 5,927,059,183 1.2. TAX AND FUNDS PAYABLE 35 1.2.1. Corporate Income Tax (Income Tax) 35 1.2.2. Income tax deduction 1.2.3. Other taxes and Duties A NET PROFIT / (LOSS) (1.1 – 1.2) 9,851,556,205 5,927,059,183 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 5,927,059,183 1.6. FIRST DIVIDEND TO SHAREHOLDERS (-) (985,155,620) (595,703,670) 1.6.1. Holders of shares (985,155,620) (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 (-) (75,137,000) (29,977,516) 1.8. DIVIDENDS TO FOUNDERS (-) 1.9. DIVIDENDS TO BOARD OF DIRECTORS (-) 1.10. SECOND DIVIDEND TO SHAREHOLDERS (-) (214,844,380) 1.10.1. Holders of shares (214,844,380) 1.10.2. Holders of Preferred shares 1.10.3. Holders of Redeemed shares 1.10.4. Holders of Participation Bond 1.10.5. Holders of Profit and Loss sharing certificate 1.11. SECOND LEGAL RESERVE (-) (124,213,700) 1.12. STATUTORY RESERVES (-) 1.13. EXTRAORDINARY RESERVES (***) 1.14 OTHER RESERVES (-) 1.15 SPECIAL FUNDS 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 0.1481 0.0899 3.2. HOLDERS OF SHARES (%) 14.81 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 profit for the period ended 31 December 2025 does not include “Retained Earnings for the Period”, which arises from 25% of the immovable sales revenues pursuant to Article 5/1-e of the Tax Procedure Law, which is followed up under shareholders’ equity. (31 December 2024: TL 6,572,222). Provision for dividends to personnel in the amount of TL 75,137,000, which has been set aside pursuant to TMS 19, has been added to the profit for the period ended 31 December 2025 (2024: TL 29,977,516). (**) Due to the fact that 20% of the Company’s capital has been reached, no legal reserves have been set aside (Second legal reserves have been set aside pursuant to TCC Article 519/2). (***) At the Company’s Ordinary General Assembly Meeting convened on 26 March 2025, it has been resolved to pay out TL 595,703,670 from out of the net profit for the period booked on the Company’s 2024 operations and to set aside the remaining amount as previous year profit. The amount that has been added to previous year’s profit was shown under the “Extraordinary Reserves” item in the profit distribution table. Dividend Distribution Proposal 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 93