PASHA BANK ANNUAL REPOT 2024

Note Current Period 31/12/2024 Prior Period 31/12/2023 A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating Profit Before Changes in Operating Assets and Liabilities 95,679 171,172 1.1.1 Interest received 1,509,965 718,907 1.1.2 Interest paid (1,083,708) (388,255) 1.1.3 Dividend received 5,560 275 1.1.4 Fees and commissions received 84,598 89,984 1.1.5 Other income 11,409 2,711 1.1.6 Collections from previously written-off loans and other receivables 25,222 245 1.1.7 Payments to personnel and service suppliers (197,093) (100,949) 1.1.8 Taxes paid (125,725) (75,676) 1.1.9 Other (5.6.2) (134,549) (76,070) 1.2 Changes in Operating Assets and Liabilities 870,066 1,198,868 1.2.1 Net (increase)/decrease in financial assets at fair value through profit or loss 16,966 (7,126) 1.2.2 Net (increase)/decrease in due from banks 95,864 141,693 1.2.3 Net (increase)/decrease in loans (1,200,362) (405,096) 1.2.4 Net (increase)/decrease in other assets (5.6.2) (7,162) (5,085) 1.2.5 Net increase/(decrease) in bank deposits - - 1.2.6 Net increase/(decrease) in other deposits - - 1.2.7 Net increase/(decrease) in financial liabilities at fair value through profit or loss - - 1.2.8 Net increase/(decrease) in funds borrowed 684,873 391,921 1.2.9 Net increase/(decrease) in matured payables - - 1.2.10 Net increase/(decrease) in other liabilities (5.6.2) 1,279,887 1,082,561 I. Net Cash Provided from Banking Operations 965,745 1,370,040 B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net Cash Provided from/(Paid For) Investing Activities (581,087) (274,996) 2.1 Cash paid for the purchase of associates, subsidiaries and joint ventures - - 2.2 Cash obtained from the sale of associates, subsidiaries and joint ventures - - 2.3 Cash paid for the purchase of tangible and intangible asset (11,968) (31,234) 2.4 Cash obtained from the sale of tangible and intangible asset 419 30 2.5 Cash paid for the purchase of financial assets at fair value through other comprehensive income (223,479) (484,824) 2.6 Cash obtained from the sale of financial assets at fair value through other comprehensive income 33,264 409,630 2.7 Cash paid for the purchase of financial assets at amortised cost (457,552) (209,092) 2.8 Cash obtained from sale of financial assets at amortised cost 78,229 40,494 2.9 Other - - C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net Cash Provided from Financing Activities 81,361 (591,076) 3.1 Cash obtained from funds borrowed and securities issued 2,425,762 754,081 3.2 Cash used for repayment of funds borrowed and securities issued (2,328,834) (1,344,619) 3.3 Equity instruments issued - - 3.4 Dividends paid (15,002) - 3.5 Payments for finance lease liabilities (565) (538) 3.6 Other - - IV. Effect of Change in Foreign Exchange Rate on Cash and Cash Equivalents (5.6.2) 143,251 157,131 V. Net Increase/(Decrease) in Cash and Cash Equivalents (I+II+III+IV) 609,270 661,099 VI. Cash and Cash Equivalents at the Beginning of the Period (5.6.1) 1,670,982 1,009,883 VII. Cash and Cash Equivalents at the End of the Period (V+VI) (5.6.1) 2,280,252 1,670,982 140 PASHA Yatırım Bankası A.Ş. The accompanying notes are an integral part of these financial statements. (Amounts are expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.) PASHA Bank 2024 Annual Report Unconsolidated Statement of Cash Flows For the Year Ended 31 December 2024