Hitit Bilgisayar Hizmetleri A.s. · BIST:HTTBT
Hitit Bilgisayar Hizmetleri A.s — FY2025 Earnings Presentation
27 slides from Hitit Bilgisayar Hizmetleri A.s's earnings presentation, 2026
Slide 1: Shaping the Future of Aviation and Travel Technology
Shaping the Future of Aviation and Travel Technology 2025 December Results Presentation www.hitit.com
Slide 2: Hitit At a Glance
Hitit At a Glance West Africa’s largest, One integrated #1 global leader in Europe’s second Modern and solution suitable new-gen IATA largest, and the scalable cloud for all airlines, ARM/NDC world’s third largest* platform with airline reservation from the smallest technology integrated AI system p
Slide 3: Crane Partner Community
Crane Partner Community We meet the needs of Partners in 48 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 2025: Scaling and Value Creation 2025 EBITDA Margin Passenger volumes +3 New, Sales Revenues +3% vs 2024 over 2024 -7 Suspended Partners +22% over 2024 within 2025 41.9M USD 43% +26% 68 Partners Sustainable Recurring Revenue Model Operating Leverage and Cost Discipline Scaling the S
Slide 7: 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 8: Financial and Other Important Developments
Financial and Other Important Developments Innovative Technology Investments In 2025, our R&D and technology investments reached a total of USD 20.6 million, and our investment-to-revenue ratio realized at 49%. The investments made are increasing operational efficiency, putting downward pressure on
Slide 9: 2025: Sustainable and Scalable Growth
2025: Sustainable and Scalable Growth Financial Performance (in USD) As of the end of 2025, EBITDA amounted to USD 17.9 million, with an EBITDA margin of 43%. Revenue growth has translated into profitability, and the effect of operating leverage has been maintained. 2025 serves as confirmation of th
Slide 10: Forward-Looking Evaluations
Forward - Looking Evaluations In 2026, while maintaining growth momentum, the company will focus on sustainable value creation by strengthening its transition from the investment phase to the operational efficiency phase through economies of scale and cost discipline. Within this framework, as of th
Slide 11: Financial Overview
100,0 90,0 80,0 Financial 70,0 Overview 60,0 50,0 31.12.2024 Functional currency is USD since 31.12.2025 01.01.2020. 40,0 $6,8 million net cash position as 30,0 of December 31, 2025 %63 ROIC as of December 31, 2025: 13% 20,0 %60 %43 %40 10,0 - Net Sales (USD Million) Gross Profit (*) (USD EBITDA Equ
Slide 12: Revenue Composition and FX Resilience
Revenue Composition and Currency breakdown (2025) FX Resilience 14% Approximately 77% of sales come from foreign currency revenues (USD or EUR). 25% The high SaaS weight and foreign currency-based revenue composition provide natural 23% protection against exchange rate risk and support sustainable p
Slide 13: Cost Composition and Natural Hedge Structure
Cost Composition and Natural Hedge Structure Approximately 62% of costs are in TL. The Company has a natural hedge structure against FX volatility, and the flexibility of its cost structure supports margin sustainability. Cost Breakdown1 Cost Breakdown2 Currency Distribution USD 32,915k by 2025 USD
Slide 14: Key New Developments
Key New Developments Hitit Payment Orchestration (HPO) Developments Airline Retailing ( Hitit Oxygen) Developments Throughout 2025, Hitit processed over $11.5 billion worth of payment Airline Retailing is a flagship project being led by IATA to facilitate transactions on behalf of its Partners via 9
Slide 15: Industrial KPIs
Industrial KPIs Change Trends in Key Indicators Revenue Passenger Kilometers (RPK) Revenue Passenger Kilometers (RPK) and Evolution over Last 5 Years Available Seat Kilometers (ASK) Changes in 2025 Source: IATA Air Passenger Market Analysis – December 2025
Slide 16: Balance Sheet
Balance Sheet Balance Sheet (USD ‘000) 31.12.2024 31.12.2025 Cash and cash equivalents 8,552 11,870 Financial assets 3,698 1,014 Trade receivables 9,584 9,648 Prepaid expenses 3,047 2,856 Current income tax assets - 511 Other current assets 771 138 Total current assets 25,652 26,037 Property, plant
Slide 17: Income Statement
Income Statement Income Statement (USD ‘000) 1 January- 31 December 2024 1 January- 31 December 2025 Net sales 34,238 41,908 COGS (-) ( 17,719) ( 21,351) Gross profit before D&A 20,692 26,408 Depreciation and amortization 4,173 5,851 Gross profit after D&A 16,519 20,557 Gross profit margin 48% 49% M
Slide 18: 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 19: Corporate Social Responsibility Projects
Cor porate 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. Education Gend
Slide 20: Corporate Social Responsibility Projects
Cor porate 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 Spo
Slide 21: Sustainability Initiatives
Sustainability Initiatives At Hitit, we have taken an important step in our sustainability journey by publishing our first Sustainability Report. In the report, we presented our efforts towards environmental protection, contributing to society, and adopting a transparent management approach within a
Slide 22: Appendix
Appendix Shareholder Organizational High The Crane Structure Structure and Employee Family Current Values Seniority and Satisfaction
Slide 23: Shareholder Structure
Shareholder Structure As of December 31, 2025 %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 24: 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 25: High Employee Seniority and Satisfaction
High Employee Seniority and Satisfaction Senior IT Staff According to 2025 LinkedIn data, while the average seniority in the top 10 software companies in Türkiye is Seniority and retention of employees above the industry 3.9 years, this figure is 5.45 years for Hitit employees. average Experienced M
Slide 26: Crane Solutions
Crane Solutions We provide turn-key solutions for every step of the way in air travel.
Slide 27: 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.S. — FY2025 Earnings Presentation on 6ix