Slide 1: Türkiye’s Mobility Super App – Earnings Presentation Q1 2026
Türkiye’s Mobility Super App Earnings Presentation Q1 2026 FY 2025 NYSE American: MRT Car-Hailing | Motorcycle-Hailing | Taxi-Hailing | E-BikesCAR-HAILING | E-Mopeds |MOTORCYCLE-HAILING E-Scooters | Motorcycle deliveries | Car TAXI-HAILING deliveries E-BIKE E-MOPED E-SCOOTER
Slide 2: Disclaimers
Disclaimers Forward Looking Statements This presentation, together with other statements and information publicly disseminated by the Company, contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Ex
Slide 3: Key Messages
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 3
Slide 4: Key messages of Q1 2026
Key messages of Q1 2026 Our Services Continued execution of multi-service mobility platform strategy • Ride-hailing continued to drive growth across 20 cities, with strong performance both in Ride-hailing Istanbul and non-Istanbul markets car-hailing • Consumer and driver adoption of delivery servic
Slide 5: Marti by the numbers
Marti by the numbers #1 urban mobility app in Türkiye (iOS & Android)1 176.4M 7.8M all-time all-time trips2 unique platform consumers2 3.9Mall-time unique 496K all-time registered ride-hailing riders3 ride-hailing drivers3 1. Number one urban mobility and ride-hailing app in Türkiye across iOS and A
Slide 6: Operational Highlights
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 6
Slide 7: Marti is the leading urban mobility app in Türkiye
Although the youngest operator, Marti is the leading urban mobility app in Türkiye Marti is the most downloaded Marti operates in 20 of Türkiye’s largest cities, urban mobility app in Türkiye1 representing ~80% of national GDP2 Rank Company Years of Operation Istanbul 29.2% Kocaeli 3.8% Sakarya Sams
Slide 8: Multi-service platform strategy continued to drive higher consumer adoption and usage
Multi-service platform strategy continued to drive higher consumer adoption and usage Trips Unique Platform Consumers (millions) (millions) +93% +89% 20.0 3.0 18.0 2.5 16.0 14.0 16.6 16.2 15.1 2.0 12.0 2.0 2.1 10.0 10.8 1.5 1.7 8.0 6.0 8.9 8.4 1.0 1.3 1.0 1.1 4.0 0.5 2.0 -- -- Q4 2024 Q1 2025 Q2 202
Slide 9: Ride-hailing service contributing to platform growth and consistently exceeds targets
Ride-hailing service contributing to platform growth and consistently exceeds targets Unique Ride-hailing Riders Registered Ride-hailing Drivers (thousands) (thousands) Target1 Target1 4,300 530 3,887 496 450 3,384 387 2,811 327 2,280 262 292 1,932 223 1,663 171 1,396 139 1,101 107 499 690 Q4 2023 Q
Slide 10: Multi-service offering strengthened by the launch of deliveries
Our multi-service offering is further strengthened by the launch of deliveries Multi-service consumers complete more trips and spend Strong multi-service usage among ride-hailing consumers1 more than single service consumers2 in Q1 2026 Single service consumers Multi-service consumers 33% 14% % of c
Slide 11: Financial Highlights
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 11
Slide 12: Q1 2025 vs. Q1 2026 Financial Results
Q1 2025 vs. Q1 2026 Financial Results Q1 2025 Q1 2026 ∆ Comments Increasing number of ride-hailing trips driven by growing usage in existing Trips (in millions) 8.39 16.22 93.3% cities and new city launches Unique Platform Consumers (in millions) 1.09 2.06 88.9% Increasing number of ride-hailing con
Slide 13: Revenue growth significantly outpaced cost of revenues growth
Revenue growth significantly outpaced cost of revenues growth, improving profitability Revenue vs Cost of Revenues Revenue (USD, thousands) Cost of revenues (USD, thousands) +156% 39,241 Revenue 20,030 18,660 15,427 Q1 YoY Growth 6,023 (3,804) (4,327) (21,549) (15,253) (24,085) +14% Cost of Revenues
Slide 14: Revenue growth drove profitability and margin improvement
Revenue growth drove profitability and margin improvement Profitability: Gross Profit & Adjusted EBITDA Gross Profit (USD, thousands) Adjusted EBITDA1 (USD, thousands) Gross Profit Margin (%) Adjusted EBITDA Margin2 (%) 72% +400% 37% Gross Profit 23,988 11,100 Q1 YoY Growth 2,219 (4,055) (2,889) (3,
Slide 15: 2026 Guidance: On track to achieve revenue and Adjusted EBITDA targets
2026 Guidance: On track to achieve revenue and Adjusted EBITDA targets Revenue Adjusted EBITDA2 ($ in millions) ($ in millions) +$30.8 +78% $70.0 2025 Actual 2026 Guidance1 $1.0 $(0.5) Q1 20263 $39.2 $(12.1) 15% 22% of 2025 of 2026 +$13.1 Actual Guidance Q1 2026 Q1 2025 $15.4 $6.0 2025 Actual 2026 G
Slide 16: Consolidated Financials
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 16
Slide 17: Condensed Consolidated Statements of Operations
Condensed Consolidated Statements of Operations ($ in thousands) January 1 - March 31, 2025 January 1 - March 31, 2026 Revenue 6,023 15,427 Operating expenses: Cost of revenues (3,804) (4,327) General and administrative expenses1 (6,688) (7,485) Selling and marketing expenses (1,248) (2,043) Researc
Slide 18: Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets ($ in thousands) December 31, 2025 March 31, 2026 Total current assets 13,940 9,857 Cash and cash equivalents 7,806 4,765 Accounts receivable, net 504 624 Inventories 1,991 1,924 Other current assets 3,639 2,545 Total non-current assets 15,862 15,176 Property an
Slide 19: Condensed Consolidated Balance Sheets (cont’d)
Condensed Consolidated Balance Sheets (cont’d) ($ in thousands) December 31, 2025 March 31, 2026 Total current liabilities 14,389 10,933 Short-term financial liabilities, net1 3,695 1,779 Accounts payable 4,077 1,958 Operating lease liabilities 620 658 Deferred revenue 2,129 2,361 Accrued expenses a
Slide 20: Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows ($ in thousands) January 1 - March 31, 2025 January 1 - March 31, 2026 Cash flow from operating activities Net loss (10,069) (7,427) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 989 854 Share
Slide 21: Condensed Consolidated Statements of Cash Flows (cont’d)
Condensed Consolidated Statements of Cash Flows (cont’d) ($ in thousands) January 1 - March 31, 2025 January 1 - March 31, 2026 Cash flow from investing activities Purchase of property and equipment (174) (131) B. Net cash used in investing activities (174) (131) Cash flow from financing activities
Slide 22: Non-GAAP Reconciliations
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 22
Slide 23: Non-GAAP Reconciliations
Non-GAAP Reconciliations January 1 – January 1 – January 1 – January 1 – January 1 – ($ in thousands, except December 31, December 31, December 31, March 31, March 31, percentages) 2023 2024 2025 2025 2026 Net loss (33,815) (73,881) (41,446) (10,069) (7,427) Net loss margin (169)% (396)% (106)% (167
Slide 24: Marti Investor Relations
MARTI INVESTOR RELATIONS investor.relations@marti.tech