New Risk • Apr 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺179m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m (₺2.2m revenue, or US$49k). Minor Risk Market cap is less than US$100m (₺1.10b market cap, or US$24.4m). Announcement • Mar 26
Hub Girisim Sermayesi Yatirim Ortakligi A.S., Annual General Meeting, Apr 28, 2026 Hub Girisim Sermayesi Yatirim Ortakligi A.S., Annual General Meeting, Apr 28, 2026. Location: crowne plaza istanbul oryapark inkilap mahallesi, kucuksu caddesi, no: 58, 34768, umraniye, istanbul Turkey New Risk • Mar 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₺179m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺179m free cash flow). Earnings have declined by 55% per year over the past 5 years. Revenue is less than US$1m (₺2.2m revenue, or US$50k). Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (₺1.36b market cap, or US$30.6m). 
