Hitit Bilgisayar Hizmetleri A.s. · BIST:HTTBT
Hitit Bilgisayar Hizmetleri A.s — H1 2026 Earnings Presentation
29 slides from Hitit Bilgisayar Hizmetleri A.s's earnings presentation, Jun 30, 2026
Slide 1: Shaping the Future of Aviation and Travel Technology
Shaping the Future of Aviation and Travel Technology 2026 June Results Presentation www.hitit.com
Slide 2: Hitit At a Glance
Hitit At a Glance West Africa’s largest, Europe’s second One integrated #1 global leader in Modern and largest, and the solution suitable new-gen IATA scalable cloud world’s third largest for all airlines, ARM/NDC platform with airline reservation from the smallest technology integrated AI system pr
Slide 3: Crane Partner Community
Crane Partner Community We meet the needs of Partners in 47 different business models all over the 68 COUNTRIES world PARTNERS 6 CONT.
Slide 4: Empowering Global Aviation
Empowering Global Aviation Visualization of Hitit Partner aircraft movements within a 24-hour period based on FlightRadar 24 data
Slide 5: Empowering Global Aviation
Empowering Global Aviation Visualization of destinations served by Hitit Partners based on live airport data within Crane systems.
Slide 6: Hitit by Numbers
Hitit by Numbers Integrations with Countries with border Airports served Sales volume different banks and and customs systems through Crane DCS in generated by Hitit alternative payment integrated with Hitit 160 countries Partners in 2025 systems 91 123 900+ $11.5 billion
Slide 7: Financial and Other Key Developments
Financial and Other Key Developments Technology and product investment Liquidity and capital discipline USD 10.4 mn investment 7.6 mn USD cash Investment-to-revenue ratio: 45% 3.8 mn USD net cash ▪ R&D and product-development spending continues to support a scalable ▪ Strong operating cash flow gene
Slide 8: Hitit by Numbers
Hitit by Numbers Growth remains intact, SaaS scalability is being preserved, and margins are normalizing modestly from a high base while the business model and cash position remain robust. Revenue EBITDA Net profit Passenger volume Partner USD 23.0 mn USD 9.1 mn USD 4.4 mn +12% 68 +16% vs. 6M 2025 4
Slide 9: 6M 2026: Sustainable Growth
6M 2026: Sustainable Growth In the second quarter of 2026, growth continued to be volume-driven while profitability was maintained; the scaling and efficiency- focused growth approach was reinforced. Revenue growth EBITDA margin Revenue currency mix Operating footprint +16% 40% 79% FX 68 partner/47
Slide 10: Forward-Looking Expectations (USD)
Forward-Looking Expectations (USD) Management guidance has been updated in line with prevailing market conditions, while the sustainable growth approach remains intact, with a continued focus on profitability, cash generation, and recurring revenue quality. Revenue growth EBITDA margin 15 % - 20 % 4
Slide 11: Financial Snapshot
Financial Snapshot Net cash Revenue EBITDA ROIC USD 3.8 mn USD 23.0 mn USD 9.1 mn 12% As of 30 June 2026 +16% vs. 6M 2025 40% margin Capital efficiency Investor perspective ▪ Use of USD as the functional currency helps simplify interpretation of reported results. ▪ The net cash position provides fin
Slide 12: Revenue Mix and FX Resilience
Revenue Mix and FX Resilience SaaS share Software development & Project-based revenue FX revenue ratio maintenance 25% 71% 22% 7% 79% 6M 2026 revenue mix Recurring TRY/ EUR mix Lower share | lower visibility Predominantly USD and EUR 11% 64% Mn USD 20 16,2 Revenue breakdown 2025-6M 2026-6M Share 15
Slide 13: Cost Structure and Natural Hedge
Cost Structure and Natural Hedge Total cost TRY-denominated cost Largest cost item FX protection USD 18,978K 64% Personnel FX revenues | TRY costs As of end-June 2026 Natural hedge advantage Primary driver of the cost base Supports margin resilience Cost Breakdown1 Cost Breakdown2 Currency Distribut
Slide 14: Key New Developments
Key New Developments Agency Distribution System (ADS) Developments Payment Orchestration Platform Developments ADS coverage has been extended via integrations with railways, The migration of the Hitit Payment Orchestration Platform (HPO) to the cloud has additional service content, hotel concierge s
Slide 15: Industrial KPIs
Industrial KPIs Change Trends in Key Indicators Aviation Fuel Exports (Million Barrels / Day) Sources: IATA Economics, S&P Global Energy Platts, S&P Global Commodity Insights, Business Insider
Slide 16: Industrial KPIs
Industrial KPIs Change Trends in Key Indicators Regional Revenue Passenger Kilometers (RPK) Evolution (YoY %) Source: IATA Economics Global Outlook for Air Transport (June 2026)
Slide 17: Industrial KPIs
Industrial KPIs Change Trends in Key Indicators Breakdown of Regional Contributions to Global RPK Evolution (YoY %) Source: IATA Economics Global Outlook for Air Transport (June 2026)
Slide 18: Balance Sheet
Balance Sheet Total assets Equity Cash Bank loans USD 88.0 mn USD 73.7 mn USD 7.6 mn USD 2.6 mn As of 30 June 2026 Strong capital base Period-end balance As of 30 June 2026 Selected balance sheet items (USD mn) 31.12.2025 30.06.2026 Cash and cash equivalents 11.87 7.56 Balance-sheet commentary Trade
Slide 19: Income Statement
Income Statement Net sales Gross margin EBITDA Net profit USD 22.96 mn 44% USD 9.14 mn USD 4.43 mn +16% vs. 6M 2025 6M 2025: 49% 40% margin -6% vs. 6M 2025 Summary income statement $23 (USD mn) 2025-6M 2026-6M YoY change $20 Net sales 19.81 22.96 16% COGS (-) $9 (10.19) (12.90) 27% $9 EBITDA $5 $4 8
Slide 20: Our Projects for a Sustainable World
Our Projects for a Sustainable World Gender Equality Climate & Energy Sport Health Education Steps to strengthen Aiming to mitigate Contribution to the Projects in Educational equal opportunities in the effects of wider adoption of collaboration projects in our industry through climate change sports
Slide 21: Corporate Social Responsibility Projects
Corporate Social Responsibility Projects We integrate sustainability into our production, business processes, and social projects. By continuously reviewing our ESG strategies, we embrace a sustainability approach that is committed to society, the environment, and ethical principles. Gender Equality
Slide 22: Corporate Social Responsibility Projects
Corporate Social Responsibility Projects We integrate sustainability into our production, business processes, and social projects. By continuously reviewing our ESG strategies, we embrace a sustainability approach that is committed to society, the environment, and ethical principles. Rackets Up (Uça
Slide 23: Appendix
Appendix Shareholder Organizational High Employee The Crane Financial Structure Structure and Seniority and Family Statements Current Values Satisfaction
Slide 24: Shareholder Structure
Shareholder Structure As of June 30, 2026 36.20% 22.81% 4.71% 4.34% 4.34% 27.60% Pegasus Hava Fatma Nur Dilek Hakan Özkan Free Float Taşımacılığı Gökman Ovacık Ünlü Dülger A.Ş.
Slide 25: Organizational Structure and Current Values
Organizational Structure and Current Values General Management Application Financial Product Transportation Delivery Infrastructure Sales & Human Technology Engineering Affairs & Strategy Solutions & Operation Marketing Resources & Security Purchasing Total Number of Employees* Leadership Team Gende
Slide 26: High Employee Seniority and Satisfaction
High Employee Seniority and Satisfaction Senior IT Staff According to 2026 LinkedIn data, while the average seniority in the top 10 software companies in Türkiye is Seniority and retention of employees above the industry 3.7 years, this figure is 5.8 years for Hitit employees. average High Employee
Slide 27: Crane Solutions
Crane Solutions We provide turn-key solutions for every step of the way in air travel.
Slide 28: Financial Statements
Financial Statements Balance Sheet (USD ‘000) 30.06.2026 31.12.2025 1 January- 30 June 1 January- 30 June Income Statement (USD ‘000) 2026 2025 ASSETS Net sales 22,960 19,806 Cash and cash equivalents 7,559 11,870 COGS (-) (12,900) (10,192) Financial assets 511 1,014 Trade receivables 10,956 9,648 G
Slide 29: THANK YOU
www.hitit.com THANK YOU Reşitpaşa Mah. Katar Cad. No: 4/1 ARI Teknokent 2 İç Kapı No: 601 34469 Maslak, İstanbul, Türkiye
Hitit Bilgisayar Hizmetleri A.Ş. — H1 2026 Earnings Presentation on 6ix