Slide 1: Türkiye’s Mobility Super App
Türkiye’s Mobility Super App Earnings Presentation Fiscal FY 2025Year 2025 NYSE American: MRT Car-Hailing | Motorcycle-Hailing | Taxi-Hailing | E-BikeCAR-HAILING | E-Moped | E-Scooter | Motorcycle-deliveries MOTORCYCLE-HAILING | Car-deliveries TAXI-HAILING 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 FY 2025
Key messages of FY 2025 Our Services Successfully scaled into a true multi-service mobility platform • Expanded ride-hailing footprint to 16 additional cities during the year, reaching 20 cities Ride-hailing nationwide, and significantly increasing addressable market and network density • Successful
Slide 5: Marti by the numbers
Marti by the numbers #1 urban mobility app in Türkiye (iOS & Android)1 160.2M all-time 7.4M all-time trips2 unique platform consumers2 3.8Mall-time unique 490K 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: Key Messages
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 6
Slide 7: Although the youngest operator, 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 30.4% Kocaeli 4.1% Sakarya Sams
Slide 8: Marti’s ride-hailing service is exceeding growth targets
Marti’s ride-hailing service is exceeding growth targets Unique Ride-hailing Riders Registered Ride-hailing Drivers (thousands) (thousands) Target1 Target1 4,300 530 490 3,802 450 3,384 382 2,756 327 2,280 262 292 1,932 223 1,663 171 1,396 138 1,101 107 499 690 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 202
Slide 9: Our multi-service offering is further 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 consumers more than single service consumers2 in 2025 35% 15% % of car-hailing consumers % of car-hailing consumers Singl
Slide 10: Remarkable gross profit margin expansion driven by revenue growth and AI-enabled cost reduction
Remarkable gross profit margin expansion driven by revenue growth and AI-enabled cost reduction initiatives Strong revenue growth and operational efficiency Key drivers of gross profit margin expansion drove $26.9M gross profit uplift, with margin swinging from (15%) to 61% o First full year of mone
Slide 11: Numerous growth drivers for our platform
Numerous growth drivers for our platform Continued organic growth Launch of new cities and countries in existing cities o Additional urban population to o Growing urban demand serve in Türkiye o Expanding number of drivers o Underpenetrated cities in Türkiye’s o Loyalty program incentives neighborin
Slide 12: Ride-hailing annual revenue potential is estimated at $4 billion
Ride-hailing annual revenue potential is estimated at $4 billion Number of daily trips before and after ride-hailing introduction (thousands) # of daily taxi trips before ride-hailing introduction Annual Revenue Potential $4 billion # of daily taxi and ride-hailing trips 10 years after ride-hailing
Slide 13: Key Messages
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 13
Slide 14: 2024 vs. 2025 Financial Results
2024 vs. 2025 Financial Results 2024 2025 ∆ Comments Increasing number of ride-hailing trips driven by growing usage in existing Trips (in millions) 31.71 50.84 60.3% cities plus new city launches Unique Platform Consumers (in millions) 2.13 3.08 44.3% Increasing number of ride-hailing consumers Tri
Slide 15: Guidance
Guidance Revenue Adjusted EBITDA2 ($ in millions) ($ in millions) 2025 Guidance 2025 Actual 2026 Guidance1 +$30.8 $1.0 +78% $1.0 $70.0 +$5.2 +15% $39.2 $(12.1) $34.0 $(17.0) +$13.1 +$4.9 2025 Guidance 2025 Actual 2026 Guidance1 1. The Company’s 2026 guidance is based on a number of assumptions that
Slide 16: Key Messages
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 16
Slide 17: Consolidated Income Statements
Consolidated Income Statements ($ in thousands) 2024 2025 Revenue 18,660 39,241 Operating expenses: Cost of revenues (21,549) (15,253) General and administrative expenses1 (49,249) (28,051) Selling and marketing expenses (9,348) (12,954) Research and development expenses (1,963) (3,007) Other expens
Slide 18: Consolidated Balance Sheets
Consolidated Balance Sheets ($ in thousands) December 31, 2024 December 31, 2025 Total current assets 11,418 13,940 Cash and cash equivalents 5,149 7,806 Accounts receivable, net 204 504 Inventories 2,030 1,991 Other current assets 4,035 3,639 Total non-current assets 8,961 15,862 Property and equip
Slide 19: Consolidated Balance Sheets (cont’d)
Consolidated Balance Sheets (cont’d) ($ in thousands) December 31, 2024 December 31, 2025 Total current liabilities 11,322 14,389 Short-term financial liabilities, net1 4,556 3,695 Accounts payable 1,651 4,077 Operating lease liabilities 484 620 Deferred revenue 1,845 2,129 Accrued expenses and othe
Slide 20: Consolidated Statement of Cash Flows
Consolidated Statement of Cash Flows ($ in thousands) 2024 2025 Cash flow from operating activities Net loss (73,881) (41,446) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 8,691 3,587 Loss on disposal of assets -- 32 Share-based, compensat
Slide 21: Consolidated Statement of Cash Flows (cont’d)
Consolidated Statement of Cash Flows (cont’d) ($ in thousands) 2024 2025 Cash flow from investing activities Purchase of property and equipment (332) (485) Purchase of intangible assets (707) (56) Net cash used in investing activities (1,039) (542) Cash flow from financing activities Repurchases of
Slide 22: Key Messages
Key Messages Operational Highlights Financial Highlights Consolidated Financials Non-GAAP Reconciliations 22
Slide 23: Non-GAAP Reconciliations - Consolidated
Non-GAAP Reconciliations - Consolidated ($ in thousands, except percentages) 2024 2025 Net loss (73,881) (41,446) Net loss margin (396)% (106)% Depreciation and amortization 8,691 3,587 Financial income (1,408) (1,351) Financial expense 9,980 15,646 Customs tax provision expense -- -- Lawsuit provis
Slide 24: Marti Investor Relations
MARTI INVESTOR RELATIONS investor.relations@marti.tech