The financial statements and the annual report of our Company for the period 01.01.2025 – 31.12.2025 have been publicly disclosed today. The relevant documents, together with the financial results presentation for the related period, are available on our Company's website (www.vestelinternational.com) for the information of our investors.
With respect to the news published on 25 February 2026 by Bloomberg concerning the Company, the following statement has been made pursuant to Article 17 of the Communiqué on Material Events (II-15.1), which regulates the obligation to verify news and rumors.
The Company's financial liabilities, cash flow projections and debt management strategies are disclosed in its publicly announced financial statements and the related notes thereto.
Within this framework, in line with its financial risk management policies, the Company continues to conduct its activities with financial institutions in the ordinary course of business.
The third coupon payment amounting to TL 4,718,816,55 on the TL 35,050,000 nominally valued corporate bond which was sold to qualified investors on May 27, 2025 with a maturity of 394 days and trades with the ISIN Code of TRSVSTL62616 , was made as of today. The interest rate for the fourth coupon payment has been set as 17.9014%.
The second coupon payment amounting to TL 4,746,191,52 on the TL 39,660,000 nominally valued corporate bond which was sold to qualified investors on August 25, 2025 with a maturity of 367 days and trades with the ISIN Code of TRSVSTL82614 , was made as of today. The interest rate for the third coupon payment has been set as 11.9672%.
The first coupon payment amounting to TL 2,700,742,06 on the TL 24,340,000 nominally valued corporate bond which was sold to qualified investors on November 26, 2025 with a maturity of 386 days and trades with the ISIN Code of TRSVSTLA2613 , was made as of today. The interest rate for the third coupon payment has been set as 10.7261%.
DRC Derecelendirme Hizmetleri A.Ş. has assessed the consolidated structure of our Company and assigned a Long-Term National Credit Rating of "TR BBB+" and a Short-Term National Credit Rating of "TR A-3", with a "Stable" outlook.
SAHA Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri AŞ ("SAHA"), which is authorised to provide rating services in Turkey in accordance with the Capital Markets Board's ("CMB") Corporate Governance Principles, revised Vestel Elektronik's Corporate Governance Rating from 9.62 (96.22%) to 9.67 (96.66%) as of 13.02.2026.
The Company's Corporate Governance Rating has been determined as a result of the evaluations made under four main headings (Shareholders, Public Disclosure and Transparency, Stakeholders, Board of Directors) in accordance with the CMB's Corporate Governance Principles. The breakdown of the Company's Corporate Governance Rating by sub-section is given in the below table.
The report is available in the attachment as well as on our Company's website at https://vestelinternational.com/investor-relations.
This statement was translated into English for informative purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure, the Turkish version shall prevail.
Vestel Elektronik Sanayi ve Ticaret AŞ completed the sale of a TL 224,480,000 commercial paper with fixed coupon payment with a maturity of 133 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 44%. Ak Yatırım Menkul Kıymetler AŞ has acted as the financial intermediary for the issue.
750,000,000 nominally valued corporate bond, which was sold to qualified investors on January 29, 2025 with a maturity of 379 days and with the ISIN Code of TRSVSTL22610, was redeemed as of today (February 12, 2026) with completion of the fourth coupon payment amounting to TL 98,301,750 and the principal payment of TL 750,000,000.
Effective as of 19 January 2026, Mr. Gökhan Sığın has been appointed as CEO of Vestel Group of Companies. A short biography is presented below.
This is respectfully submitted for the information of the public.
Mr. Gökhan Sığın holds a Bachelor's degree in Mechanical Engineering from Boğaziçi University and an MBA degree from the University of Bristol, United Kingdom. He began his professional career in 1997 as Assistant Project Manager at Lister Peter Motor Company. After joining BSH in 1999, he assumed senior executive roles in the fields of planning and sales. During his tenure at BSH, he served as CEO for the Middle East between 2015 and 2018, CEO for Türkiye between 2018 and 2023, and CEO responsible for Emerging Markets between 2023 and 2025.