European Pump Price Comparison

Income Statement (Million TL) Q2 Q2 H1 H1 Million TL % % 2022 2021 2022 2021 • Net Sales COGS Gross Profit 17,737 Operating Expenses -2,047 135,785 33,688 303% -118,048 -30,724 284% 498% 196% 2,964 -691 212,326 53,509 -189,285 -49,018 23,041 4,491 413% -3,097 -1,248 148% 297% 286% Loss from other operations are Income/Loss from other operations -3,531 -325 986% -5,029 Operating Profit 12,159 1,948 524% 14,915 1,334 -1,910 163% 1018% Inc./Loss from Equity pick ups 126 50 149% 335 60 457% Details of Income Statement Y-o-y increase in Opex is mainly driven by logistics expenses increasing to 1 bn TL due to higher sales and TL depreciation in Q2'22. mainly due to FX losses from trade payables, offset by reciprocal inventory gains in gross profit. Operating Profit Before Fin. Income/Loss 12,285 1,999 515% 15,251 1,394 994% . Financial Income/Expense -1,332 -702 90% -3,236 -1,058 206% Opet's contribution is recorded under income from equity- Profit Before Tax 10,953 1,297 745% 12,015 337 3469% Net Profit (excluding minority interest) 10,611 1,700 524% 11,507 939 1125% EBITDA *(mn. TL) 16,066 2,512 540% Inventory Gain/Loss (mn. TL) 2,931 1,407 108% EBITDA* (mn. TL) CCS 13,134 1,105 1089% 20,733 7,034 13,700 3,681 463% 2,919 141% 763 1696% of which are offset by pickup. Financial Income and Expenses consist of hard currency balance sheet items' FX gains/losses and related FX derivative gains/losses, balance reciprocal inventory gains. Sep-22 Financials Investor Presentation *On CMB reports. EBIT includes extra items such as FX impacts of trade receivables and payables. In our EBITDA calculation. FX related items are excluded from EBIT in line with international practices. www.tupras.com.tr 28

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