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Related Companies
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Related Funds
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English
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oda_MaterialEventDisclosureGeneralAbstract|
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Evet (Yes)
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Hayır (No)
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oda_DateOfThePreviousNotificationAboutTheSameSubject|
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04.03.2025; 29.04.2025; 29.08.2025
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Hayır (No)
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On March 3, 2025, a flood occurred at the Company's facility in Indonesia, causing damage to certain inventories and property, plant and equipment. Discussions with the insurance company regarding scrap values, repair and replacement options, and the final compensation amounts are still ongoing. An impairment loss of USD 5.5 million (TRY 209.8 million) related to the affected inventories and USD 20.6 million (TRY 789.6 million) related to property, plant and equipment has been recognized under "Other Expenses" in the third quarter financial statements. Proceeds from the sale of scrap inventories amounting to USD 1 million , and insurance income of USD 20 million (totaling TRY 806.3 million ) that was finalized in 2025, have been recognized under "Other Income" in the third quarter financial statements. The insurance policy of PT Indo Kordsa covering the flood-related incident provides coverage up to USD 50 million , including compensation for property damage and business interruption for up to twelve months.
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