Pursuant to the Board of Directors' resolution dated December 17, 2025 (No. 2025/42), the Company had resolved to postpone the public disclosure of inside information regarding ongoing negotiations with a U.S.-based company. This decision was taken in accordance with Article 6 of the Communiqué on Material Events (II-15.1) of the Capital Markets Board, in order to safeguard the Company's legitimate interests, maintain competitive conditions during the negotiation process, and avoid any potential misguidance of investors. Necessary measures were implemented to ensure the confidentiality of such information during the postponement period.
At the Board of Directors meeting held on March 24, 2026, it was resolved by majority vote to disclose the aforementioned inside information, as the negotiation process has been successfully concluded with the execution of the agreement and the reasons for postponement have ceased to exist.
In this context, the audit and production assessment process, which commenced on January 9, 2026 with a U.S.-based company, has been completed, and a contract was signed on March 24, 2026 for the supply of first-phase requirements.
In addition, separate from the aforementioned agreement, the Company has also entered into new agreements on the same date with three other U.S.-based companies.
Under these agreements, the Company has secured orders for the supply of power transformers with capacities ranging from 60 MVA to 300 MVA, amounting to a total of USD 768,864,700 (Seven hundred sixty-eight million eight hundred sixty-four thousand seven hundred U.S. Dollars). This corresponds to TRY 34,032,719,535, based on the Central Bank of the Republic of Türkiye's FX buying rate of 44.2636.
Deliveries are scheduled to commence in 2026 and are expected to be completed by the third quarter of 2028.
The total contract value corresponds to 96.4% of the Company's revenue as of year-end 2025.
This announcement is respectfully submitted to the public and our investors.
An English translation of this disclosure is provided herein. In case of any discrepancy between the Turkish and English versions, the Turkish version shall prevail.