The financial results presentation of our Company for the period 01.01.2026–31.03.2026 is made available to our investors on our corporate website (www.vestelinternational.com).
Ms. Zeynep Tarhan, our Chief Human Resources Officer, has submitted her resignation via her petition dated April 30, 2026, to be effective as of June 30, 2026. Respectfully announced to the public.
Vestel Beyaz Eşya Sanayi ve Ticaret AŞ completed the sale of a TL 88,080,000 commercial paper with fixed coupon payment with a maturity of 132 days to domestic qualified investors, the transfer of the securities to the customer accounts will be completed today. The debt instrument offers an annual simple interest rate of 49%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
175,000,000 nominally valued corporate bond, which was sold to qualified investors on April 25, 2025 with a maturity of 370 days and with the ISIN Code of TRSVEST42613, was redeemed as of today (April 30, 2026) with completion of the fourth coupon payment amounting to TL 23,718,625 and the principal payment of TL 175,000,000.
The second coupon payment amounting to TL 14,161,303,80 on the TL 123,480,000 nominally valued corporate bond which was sold to qualified investors on October 27, 2025 with a maturity of 374 days and trades with the ISIN Code of TRSVESTK2610, was made as of today. The interest rate for the third coupon payment has been set as 11.4685%.
The Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi has adopted the following resolution:
Considering the assessment made by the Audit Committee dated 16/04/2026 regarding the selection of the independent auditor; it was unanimously resolved by the members present at the meeting that, in order to audit the financial reports of the Company for the fiscal year between 01.01.2026–31.12.2026 in accordance with the principles determined under the Turkish Commercial Code No. 6102, the Capital Markets Law No. 6362 and the relevant legislation, and to carry out other activities within the scope of these laws and related regulations, an independent audit services agreement shall be executed with PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi, having its registered at Kılıçali Paşa Mah. Meclis-i Mebusan Cad. No 8 İç Kapı No 301 Beyoğlu/İstanbul and registered with the Istanbul Trade Registry under number 201465-0, shall be elected as the independent audit firm, and that this matter shall be submitted to the approval of the shareholders at the 2025 Ordinary General Assembly Meeting.
This resolution has been adopted unanimously by the members of the Board of Directors present at the meeting.
The Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi has adopted the following resolution:
In the 2025 fiscal year of our Company, according to the financial statements prepared in compliance with the formats determined by the Public Oversight, Accounting and Auditing Standards Authority ("POA") and the Capital Markets Board ("CMB"), based on the Turkish Financial Reporting Standards ("TFRS") enacted by POA in accordance with the CMB Communiqué No. II-14.1 on "Principles of Financial Reporting in Capital Markets", and audited by PwC Bağımsız Denetim ve Serbest Muhasebecilik Mali Müşavirlik A.Ş., a net loss for the period of 6,321,583,000 TL has been incurred; and a net loss for the period of 5,710,550,455 TL has been incurred based on the financial statements prepared within the framework of the relevant provisions of the Tax Procedure Law No. 213 ("TPL").
Based on the foregoing, the Board of Directors has resolved, by the unanimous vote of the members present at the meeting, to submit to the approval of the shareholders at the Ordinary General Assembly Meeting for the fiscal year 2025 the proposal not to distribute dividends, as there is no distributable profit for the period in the Company's financial statements.
The Board of Directors of Vestel Beyaz Eşya Sanayi ve Ticaret Anonim Şirketi has adopted the following resolution :
Upon consideration of the assessment of the Audit Committee of our Company dated 16/04/2026, it has been resolved unanimously by the members of the Board of Directors present at the meeting that, in order to perform the mandatory sustainability assurance audit of the sustainability reports to be prepared in accordance with the Türkiye Sustainability Reporting Standards for the 2026 fiscal year, which contain information regarding the Company's sustainability activities and performance and are complementary to its financial statements, within the scope of the Assurance Engagement Standards published by the Public Oversight, Accounting and Auditing Standards Authority, PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi, having its registered office at Kılıçali Paşa Mah. Meclis-i Mebusan Cad. No 8 İç Kapı No 301 Beyoğlu/İstanbul and registered with the Istanbul Trade Registry under number 201465-0, shall be elected as the independent audit firm, and that this matter shall be submitted to the approval of the shareholders at the 2025 Ordinary General Assembly Meeting.
This resolution has been adopted unanimously by the members of the Board of Directors present at the meeting.
With the decision of our Company's Board of Directors dated 16.04.2026 and numbered 2026/28 ; it has been decided to hold the Ordinary General Assembly Meeting of our Company for the year 2025 on Thursday, May 14, 2026 at 13:00 at Raffles Istanbul Zorlu Center Levazım Mahallesi Vadi Caddesi No: 2/170 34340 Beşiktaş/İstanbul.
TL 594,950,000 nominally valued commercial paper, which was sold to qualified investors on 27 October, 2025 with a maturity of 170 days and trades with the ISIN Code of TRFVEST42610 , was redeemed as of today (April 15, 2026) with completion of coupon payment amounting to TL 124,695,570.50 and the principal payment of TL 594,950,000