Summary Info
2024 Dividend Distribution Proposal
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Decision Date
27.02.2025
Type of Cash Dividend Payment
2 Installment
Currency Unit
TRY
Stock Dividend
Will Not Be Paid
Cash Dividend Payment Amount and Rates
Share Group Info
Payment
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
Withholding Rate (%)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, THYAO, TRATHYAO91M5
1. Installment
3,4420289
344,20289
15
2,9257245
292,57245
A Grubu, THYAO, TRATHYAO91M5
2. Installment
3,4420289
344,20289
15
2,9257245
292,57245
A Grubu, THYAO, TRATHYAO91M5
TOTAL
6,8840578
688,40578
15
5,8514490
585,1449
C Grubu, İşlem Görmüyor, TRETHYA00012
1. Installment
3,4420289
344,20289
15
2,9257245
292,57245
C Grubu, İşlem Görmüyor, TRETHYA00012
2. Installment
3,4420289
344,20289
15
2,9257245
292,57245
C Grubu, İşlem Görmüyor, TRETHYA00012
TOTAL
6,8840578
688,40578
15
5,8514490
585,1449
Dividend Dates
Payment
Proposed
Ex-Dividend Date
Final
Ex-Dividend Date
Payment Date
Record Date
1. Installment
16.06.2025
18.06.2025
17.06.2025
2. Installment
02.09.2025
04.09.2025
03.09.2025
(1) The date that the dividend will be paid and the share will start trading without dividend right (proposed).
(2) The date that the dividend will be paid and the share will start trading without dividend right (finalized).
(3) Date of entry to the accounts of the shareholders whose shares are traded on the stock exchange.
(4) Date of determination of the right holders of the type of shares traded on the stock exchange.
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
A Grubu, THYAO, TRATHYAO91M5
0
0
C Grubu, İşlem Görmüyor, TRETHYA00012
0
0
Additional Explanations
In accordance with the provisions of the Turkish Commercial Code and the Capital Markets Board (CMB) Communiqué No. II-14.1, the consolidated financial statements of our Company for the fiscal period of 01.01.2024-31.12.2024 prepared in compliance with the International Financial Reporting Standards ("IFRS") and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş., indicate a distributable current period net profit of 113,378,000,000 TRY, whereas the distributable net profit based on the financial statements prepared under the Tax Procedure Law (TPL) is 137,493,301,830 TRY.

Since the Total Legal Reserve amount exceeds 20% of the paid-in capital no primary legal reserve was set aside from the profit generated in 2024.

Taking into account profits in previous years and other reserves, the distributable net profit amounts to 342,120,000,000 TRY in the IFRS records and 626,944,291,307 TRY in the TPL based financial records.

Pursuant to the Capital Markets regulations, the amount of dividends to be distributed must also have a corresponding balance in the TPL based financial records. Accordingly, the lower of the distributable dividend amounts calculated under IFRS and TPL was determined as the maximum distributable dividend. In this context, the maximum amount of dividend that our Company can distribute for the fiscal period of 01.01.2024- 31.12.2024 is 342,120,000,000 TRY.

Pursuant to the CMB's Principle Decision No 22.7 (dated 07.03.2024 and numbered 14/382), the General Assembly must be informed regarding the offsetting of index differences arising from prior year losses due to inflation adjustments applied to both IFRS and TPL based financial statements. Since our Company prepares its IFRS financial statements in USD, inflation accounting was not applied to IFRS financial statements. In the TPL based financial records, no offsetting transactions was made in the equity accounts.

In this context, for submission to the consideration and approval of the shareholders at the Ordinary General Assembly Meeting:

It has been deemed appropriate to distribute 9,500,000,000 TRY as dividends from the 113,378,000,000 TRY distributable net profit for the fiscal period of 01.01.2024- 31.12.2024, based on the consolidated financial statements prepared in accordance with IFRS and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş .In this regard, the dividend distribution to A and C group shareholders is planned to be made in two equal installments on June 16, 2025, and September 2, 2025. Furthermore, a secondary legal reserve of 943,100,000 TRY will be set aside from the distributed dividends, and the remaining 102,934,900,000 TRY, following the allocation of dividends and legal reserves, will be transferred to prior years' profits.

The Dividend Distribution Table for the year 2024 is presented in the attachment.
Supplementary Documents
Appendix: 1
Kar Payı Dağıtım Tablosu 2024.pdf
Appendix: 2
Profit Distribution Table 2024.pdf
DIVIDEND DISTRIBUTION TABLE
TÜRK HAVA YOLLARI A.O. 01.01.2024/31.12.2024 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
1.380.000.000
2. Total Legal Reserves (According to Legal Records)
2.497.177.332,47
Information on privileges in dividend distribution, if any, in the Articles of Association:
NONE
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
121.442.000.000
138.803.648.009,16
4. Taxes Payable (-)
8.064.000.000
1.310.346.179,46
5. Net Current Period Profit
113.378.000.000
137.493.301.829,7
6. Losses in Previous Years (-)
0
0
7. Primary Legal Reserve (-)
0
0
8. Net Distributable Current Period Profit
113.378.000.000
137.493.301.829,7
Dividend Advance Distributed (-)
0
0
Dividend Advance Less Net Distributable Current Period Profit
0
0
9. Donations Made During The Year ( + )
0
0
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
113.378.000.000
137.493.301.829,7
11. First Dividend to Shareholders
9.500.000.000
69.000.000
* Cash
9.500.000.000
69.000.000
* Stock
0
0
12. Dividend Distributed to Owners of Privileged Shares
0
0
13. Other Dividend Distributed
0
0
* To the Employees
0
0
* To the Members of the Board of Directors
0
0
* To Non-Shareholders
0
0
14. Dividend to Owners of Redeemed Shares
0
0
15. Second Dividend to Shareholders
0
9.431.000.000
16. Secondary Legal Reserves
943.100.000
0
17. Statutory Reserves
0
0
18. Special Reserves
0
0
19. Extraordinary Reserves
102.934.900.000
0
20. Other Distributable Resources
0
0
Dividend Payment Rates Table
Share Group
CASH DIVIDEND AMOUNT (TL) - NET
STOCK DIVIDEND AMOUNT (TL)
TOTAL DIVIDEND AMOUNT (TL) / NET DISTRIBUTABLE CURRENT PERIOD PROFIT (%)
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (TL)
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL - NET (%)
A Grubu
8.074.999.999,94
0
7,12
5,8514
585,14
C Grubu
0,06
0
0
5,8514
585,14
TOTAL
8.075.000.000
0
7,12
5,8514
585,14
Dividend Rate Table Explanations