Our company has signed a new business agreement within the scope of its project transportation activities on the Turkey-Azerbaijan railway line.
Under the agreement, we will transport railway tracks purchased by Azerbaijan Railways from a manufacturing company in Turkey, which will be used for railway rehabilitation and construction works.
According to the project transportation agreement, 18,400 tons of rail materials are scheduled to be transported by rail during the last three months of 2024, with our company expected to generate approximately 1,700,000 USD in revenue. The loading and transportation operations are planned to commence in the first week of October.
For the 2025 calendar year, the goal is to transport 50,000 tons of rail material under the same scope.
With the realization of this and similar project transportation activities, a significant increase in our business volume and revenue is expected.
We present this information to our investors and the public.
This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.