INTERNAL AUDIT

Since its establishment, we have structured our Internal Audit Department to report to the Audit Committee, which is composed of independent members of the Board of Directors. Through this structure, we aim to add value to our Company and support the continuous improvement of our operations.

We carry out our audit and advisory activities with an independent and objective approach and based on a risk-focused methodology. At the initial stage of the audit process, we perform comprehensive analyses for each business function, taking into account both national and international risks. During this process, we also evaluate the opinions and recommendations of our stakeholders and members of the Executive Committee through various meetings. Based on the findings obtained, we establish our annual audit plan.

Within the scope of our audit activities, we test the adequacy of our internal control system and also conduct assessments regarding the functioning of our risk management and corporate governance processes. The findings identified as a result of our audits are reported to the Audit Committee together with the action plans received from the audited units. In addition, our recommendations for improvement are communicated to the relevant senior management through comprehensive audit reports.

All audit activities are conducted in full compliance with the international quality standards established by the Institute of Internal Auditors (IIA), as also confirmed by the independent audit firm.

In 2025, in line with our annual audit plan, we conducted a total of 15 process audits. Five of these audits were carried out in collaboration with the audit teams of our key stakeholders, enabling us to evaluate the processes from a more holistic perspective. In addition, three process audits were completed using digital tools and big data analytics techniques.

Within the scope of ethical reviews, we conducted detailed evaluations under four different topics and provided advisory services in two areas aligned with our strategic priorities. The findings and recommendations derived from all audit and advisory activities are regularly shared with senior management, the Audit Committee, and the Board of Directors. We closely monitor the progress of improvement initiatives launched based on these findings and provide periodic progress reports.

In 2025, we held a total of 12 committee meetings, including meetings of the Board of Directors and the Audit Committee. In addition, alongside our existing big data analytics tools, we initiated new collaborations with technology companies to support the automation and digital transformation of our audit processes and carried out initiatives aimed at digitalizing certain stages of our audit activities.