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oda_ExplanationTextBlock| | Following certain misleading news reports and posts concerning our Company's financial results for the first nine months of 2026, it has been deemed necessary to make the following disclosure. According to our inflation-adjusted financial statements disclosed on the Public Disclosure Platform (PDP) on 26 October 2026, profit before tax from continuing operations increased by approximately 26% compared with the same period of the previous year, reaching TRY 83,183,631.00. As stated in Footnote 20 to the relevant financial report, "The Company recognizes deferred tax assets and liabilities in respect of temporary differences arising between its statutory financial statements prepared for tax purposes and its financial statements prepared in accordance with Turkish Financial Reporting Standards." The recognition of potential future tax obligations as a "deferred tax expense" in the current financial statements results in a reported net loss for the period despite a profit before tax. Furthermore, our Company regularly distributes at least 50% of its distributable profit to its shareholders, and the relevant earnings from real estate are subject to domestic minimum corporate income tax at a rate of 10%, conditional upon fulfilment of the profit distribution requirement. However, as future profit distributions cannot be assumed in advance under the applicable accounting standards, deferred tax is calculated using the 30% rate applicable to undistributed profits. This accounting entry does not mean that tax is actually paid at a rate of 30% and does not give rise to a cash outflow in the relevant period. Meanwhile, the income statement prepared in accordance with the Tax Procedure Law and disclosed on the PDP on 27 October 2026 also reports a net profit of TRY 83,587,933.60 for the same period. In this context, there have been no adverse developments in our Company's operating profitability. Respectfully announced to the public and our valued investors. 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. | ||||||||
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.
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