Logo Yazilim Sanayi Ve Ticaret A.s. · BIST:LOGO
Logo Yazilim Sanayi Ve Ticaret A.s — Logo Yazılım Sanayi ve Ticaret A.Ş. — Investor Presentation (April 2026)
38 slides from Logo Yazilim Sanayi Ve Ticaret A.s's investor presentation, April 2026
Slide 1: Investor Presentation
Investor Presentation April 2026 Genel Kullanım - General
Slide 2: Disclaimer
Disclaimer This presentation contains information and analysis on financial statements as well as forward-looking statements that reflect Logo management’s current views with respect to certain future events. Although it is believed that the information and analysis are correct and expectations refl
Slide 3: Logo at a glance: Türkiye's long-standing Enterprise Application Software leader
Logo at a glance: Türkiye’s long-standing Enterprise Application Software leader $135 M 230,000+ 2025 IFRS revenues Customers (IAS29 adj.) 86% 1,000+ Recurring invoiced revenue share Business partners in 2025 52% 900+ SaaS invoiced revenue share Employees in 2025 3 Genel Kullanım - General
Slide 4: Our software solutions and services
Our software solutions and services ERP eServices Enterprise resource e-Invoice, e-Archive planning invoice, e-Ledger, e-self emp. Invoice, fintech HR and Payroll Functional solutions Human capital Customer relationship management and payroll management (CRM), Business flow, Business intelligence (B
Slide 5: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 5 Genel Kullanım - General
Slide 6: Attractive Turkish software market
Attractive Turkish software market ERP adoption improving but still behind EU27 and Software’s share in Turkish IT market is expanding OECD average (%) 20% 17% 16% 15% 16% EU27 OECD Türkiye 38% 42% 33% 34% 43.3 40.3 44% 29.7 37% 45% 42% 51% 50% 36.1 33.2 13.9 2020 2021 2022 2023 2024 2017 2023 Softw
Slide 7: Logo market positioning: Longstanding SME leadership
Logo market positioning: Longstanding SME leadership with products serving the mission critical need across the lifecycle Employees #Firms ERP adoption Volume contribution Revenue contribution Competitors Large enterprise (250+) 10.8k 1 1 Medium (50–249) 48.7k 2 2 2-3 Small (10–49) 306k 3 3 Micro (<
Slide 8: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 8 Genel Kullanım - General
Slide 9: Accelerated SaaS transition
Accelerated SaaS transition Growth in SaaS revenues SaaS revenues (w/out IAS adj.) 2025 2,958 M TL 2024 1,693 2023 870 2017-2025 2022 413 SaaS revenue CAGR 2021 236 share up 3x in 8 74% 2020 153 years 2019 83 2018 47 2017 36 9 SaaS: eServices, fintech, Retail (Diva retail), İşbaşı, Peoplise, Wings S
Slide 10: SaaS solutions
SaaS solutions Total eService platform and leader SaaS solution for reliable SaaS solution for SaaS solution for MicroSMEs: in digital transformation and sustainable retail recruitment, on-boarding basic accounting software 217,000+ customers operations and talent engagement and e-invoicing services
Slide 11: Servitization strategy
Servitization strategy Subscription Subscription Subscription Subscription Web enabled Cloud 2025 2026e 28,000+ 36.000+ Small segment Small segment ERP customers ERP customers Sales model LEM (Annual license maintenance) Cloud ERP One-time license 2025 2026e One-time 2,800+ 4.000+ customers customer
Slide 12: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 12 Genel Kullanım - General
Slide 13: Strong financial performance
Strong financial performance Double-digit USD based growth Türkiye Türkiye Invoiced revenues (w/out IAS adj.) IFRS revenues (w/out IAS adj.) Delivering sustainable profitability: $M $M 35% average EBITDA margin CAGR 18% CAGR 19% 6.6x growth in 165 EBITDA 142 144 per employee 122 121 96 97 66 68 74 C
Slide 14: Strong financial performance
Strong financial performance Growth in recurring revenues Recurring revenues / Invoiced revenues Türkiye 100% 90% 2011-2025 80% TL Recurring revenues 70% 60% CAGR: 76% 50% 40% 86% 80% 73% 67% 66% 67% 30% 55% 58% 59% 48% 52% 20% 41% 32% 10% 20% 7% 0% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Slide 15: Investment highlights
Investment highlights Attractive Turkish software market and strong market positioning Accelerated SaaS transition Strong financial performance Strategic levers for sustainable growth 15 Genel Kullanım - General
Slide 16: Logo ecosystem's evolution
Logo ecosystem’s evolution Becoming Türkiye’s enterprise application platform: Logo positioning as a marketplace and Business Partners as MSPs 2000s-2030s 2030s 1980s-1990s Integrated solutions & Managed Service License re-sellers Consultancy & Providers (MSP) on and software Cloud enablement Logo’s
Slide 17: Servitisation and infrastructure transformation
Servitisation and infrastructure transformation Re-architecting of legacy products inline with servitisation strategy Platform 4.0 App Fintech ▪ Enhanced customer experience Launcher integration services ▪ Deeper customer insights driving stronger AI supported market positioning reporting service Ed
Slide 18: Servitisation and infrastructure transformation
Servitisation and infrastructure transformation Cloud-native platform to service all customers ▪ Seamless User Experience Cloud Platform Next-generation ERP with intuitive design for effortless adoption AI supported Fintech ▪ AI-Powered Business Insights reporting integration Cloud platform delivers
Slide 19: AI's impact on ERP domain; AI in action at Logo
AI’s impact on ERP domain AI in action at Logo ▪ AI is enabling ERP, not replacing it ▪ Smarter, Faster AI tools expand ERP’s value creation potential ▪ AI integrated Low-Code/No-Code Solutions ERP platforms with integrated workflows, consistent ▪ AI-Powered First-Level Support with a data, and deep
Slide 20: Fintech platform unlocking new opportunities
Fintech platform unlocking new opportunities Leveraging tech infrastructure and big data to provide embedded finance services enabling further growth Open banking platform • Online bank statement • Money transfer (PISP: Payment Initiation Service Provider) • POS (Point of Sales) transaction transfer
Slide 21: 2025 results
2025 results Genel Kullanım - General
Slide 22: Operational Highlights: The Engine of Growth
Operational Highlights: The Engine of Growth • The PaaS Advantage: Our R&D investments prioritize the enhancement of Logo’s Platform-as-a-Service enabling Business Partner Ecosystem to innovate directly on Logo’s ERP infrastructure, decoupling our growth from internal headcount. • Next-Generation ER
Slide 23: Strong Execution Amid Macro Headwinds
Strong Execution Amid Macro Headwinds • Real growth in revenues, supported by high double-digit growth in SaaS Consolidated (B TL) revenues • Deferred income- revenues to be recorded in coming periods - increased +5% +9% +1% +215% to 2.8B TL, +11% y/y, supported by Saas revenue growth • Resilient Op
Slide 24: IAS29 impact on Balance Sheet
IAS29 impact on Balance Sheet Non-monetary assets and liabilities, and equity is indexed with inflation Asset Liabilities Current Assets Short and long-term Liabilities +73,336,404 TL -864,530,122 TL Major impact is from Major impact is from contract prepaid expenses liabilities (LEM, eService coins
Slide 25: Strong eService growth continues
Strong eService growth continues MRR up by 27% y/y Leading player in e-government solutions; e-Invoice, e-Archive, e-Ledger, e-Dispatch with 217K customers from 2.4M USD to $- 3.1M USD # of customers Non-Logo customer acquisition reached 40,6K MRR (w/o IAS29) (thousand) M USD in 2025 with 24% y/y CA
Slide 26: Logo İşbaşı: Strong, Consistent SaaS Momentum
Logo İşbaşı: Strong, Consistent SaaS Momentum Offering basic accounting software and e-invoicing services MRR (w/o IAS29) USD ‘000 300 • Expanding micro-SME footprint across Türkiye 250 • Strong digital adoption in invoicing and core 200 accounting 150 • ARPU uplift driven by improved new customer 1
Slide 27: Logo Diva Retail
Logo Diva Retail SaaS solutions for reliable and sustainable retail operations: a new generation CX in retail MRR (w/o IAS29) M USD 0.60 0.50 0.40 0.30 0.20 0.10 0.00 • 118 customers with 8.7K user locations Mar-24 Jun-24 Mar.'25 Jun-25 Sep-25 Feb-24 Aug-24 Sep-24 Jan.'25 Aug-25 Oct-24 Oct-25 Jul-24
Slide 28: Peoplise
Peoplise SaaS solution for recruitment, assessment, on-boarding and talent engagement needs of enterprises MRR (w/o IAS29) USD ‘000 120 100 80 60 40 Moderation in a Slower Recruitment Market 20 0 • 156 customers • ARPU: USD 6.2K, down 13% due to market-wide slowdown • ARR softening as churn reflects
Slide 29: Recurring Revenue Growth Ensuring Predictability
Recurring Revenue Growth Ensuring Predictability Sustainable revenue growth supported by SaaS transition Recurring Invoiced Revenues Strong growth with M TL transition to subscription Recurring Invoices/ -7% -1% +19% +9% +68% model in the small ERP Total SaaS segment Total Invoiced revenue % 31% gro
Slide 30: Operating Expenses
Operating Expenses Increased sales commissions with stronger Türkiye eService sales, as expected B TL R&D expenses – as % of IFRS Revenues S&M expenses – as % of IFRS Revenues 35% 35% 26% 29% 5.3 5.8 5.8 5.3 8% 1.9 2.0 24% y/y 1.4 1.7 y/y increase increase 2024 2025 2024 2025 Total Revenue R&D Expen
Slide 31: Effective Financial Management Delivering Strong Cash Metrics
Effective Financial Management Delivering Strong Cash Metrics Net cash Cash to be received from Strong FCF EPS* (LTM) Total Soft share sale WC/Invoiced revenue TL B TL B TL % End-2027: €12.9 mn +226% y/y +87% y/y +54% y/y 22% 1.37 19% 16.0 1.17 0.73 0.76 4.9 2024 2025 2024 2025 2024 2025 2024 2025 E
Slide 32: 2026 Guidance
2026 Guidance Logo Türkiye expectations: • 12.2% invoiced revenue real growth w/ IAS29 adj. • 11.6% IFRS revenue real growth w/ IAS29 adj. • EBITDA margin of ~ 31% w/ IAS29 adj. Economic indicator expectations for 2026 budget: • 2026 year-end inflation is 23% • Average USD/TL rate for 2026 is 48,5 (
Slide 33: Appendix
Appendix Genel Kullanım - General
Slide 34: Dividend track record
Dividend track record 2025 2022 2023 2024 proposed Pay-out ratio 36% 35%* 64%* 33% Yield** 2,85% 4,51% 4,25% 3,83% Gross amount 8,0 $ M 13,6 $ M 13,2 $ M 11,4 $ M 150 TL M 400 TL M 500 TL M 500 TL M *Based on statutory records. ** Genel Kullanım - GeneralBased on PDP disclosure date. 34
Slide 35: Share buy-back programs
Share buy-back programs 2012- 2023- 2024- 2023 2024 2027 Treasury shares Treasury shares Treasury shares 4,90% 4,90% -> 6,20% 1,26% Max fund 10,6 $ M 3,4 $ M 600 TL ≈ 17,4 $ M 2012 - 2015 12.July.2018 - 30.Dec.2021 30.Dec.2021 - 17.Nov.2023 17.Nov.2023 ->17.Nov.2024 18.Dec.2024-> 18.Dec.2027 5% shar
Slide 36: Shareholder structure
Shareholder structure Logo Teknoloji Freefloat ve Yatırım A.Ş. 64.60%** 35.40%* Logo Yazılım San. ve Tic. A.Ş. Logo Infosoft Logo Ödeme Total Soft S.A. Business Technology Hizmetleri 70%*** Private Ltd. **** (Logo Payment) 75.86% 100% ABS SRL 80% ABS SRL* 34.02% belongs to M. Tuğrul Tekbulut. Other;
Slide 37: Our ESG performance
Our ESG performance LSEG Corporate ESG score governance rating A- 9.5/10.0 BIST BIST Sustainability Corporate governance Index Index 37 since 2017 since 2009 Genel Kullanım - General
Slide 38: Thank you.
Thank you. Logo Investor Relations Team investor@logo.com.tr +90 262 679 8000 Genel Kullanım - General
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