Hitit Bilgisayar Hizmetleri A.s. · BIST:HTTBT
Hitit Bilgisayar Hizmetleri A.s — Q2 2025 Earnings Presentation
26 slides from Hitit Bilgisayar Hizmetleri A.s's earnings presentation, Jun 30, 2025
Slide 1: Shaping the Future of Aviation and Travel Technology
Shaping the Future of Aviation and Travel Technology 2025 June Results Presentation www.hitit.com
Slide 2: The 2nd largest PSS provider in Europe & Africa
The 2nd largest One integrated #1 global leader in Modern and PSS provider in solution suitable new-gen IATA scalable cloud Europe & Africa for all airlines, ARM/NDC platform with and 3rd largest from the smallest technology integrated AI in the world * to the largest standards
Slide 3: Crane Partner Community
Crane Partner Community 50 72 COUNTRIES We meet the needs of Partners in different business models all over the PARTNERS 6 CONTINENTS world
Slide 4: Visualization of Hitit Partner aircraft movements within 24 hours
Visualization of Hitit Partner aircraft movements within a 24-hour period based on FlightRadar 24 data
Slide 5: Visualization of destinations served by Hitit Partners
Visualization of destinations served by Hitit Partners based on live airport data within Crane systems
Slide 6: 2025 2nd Quarter highlights
2025 2nd Quarter EBITDA Margin Passenger volumes +1 New, Sales Revenues -1% vs over 2024 2nd Quarter -1 Suspended Partners +31% over 2024 2nd Quarter within 2024 2nd Quarter 2025 2nd Quarter
Slide 7: Key operating indicators
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 2024 systems 85+ 102 850+ $8,5 billion
Slide 8: R&D investments and cash position
In line with the projects being carried out within the Teknokent regulations, $8,7 million dollars for R&D along with $1,6 million dollars for license, hardware, and fixtures were invested as of 2nd Quarter 2025. The effects of these investments, which reduce our costs and increase our revenues, are
Slide 9: 2nd Quarter 2025 EBITDA and sales results
As of the end of the 2nd Quarter 2025, the EBITDA amount was $7,9 million USD and the EBITDA margin was realized as 40%. Sales were realized 77% in foreign currency, 23% in TL, with the international / As of the end of the 2nd Quarter 2025, sales revenues domestic breakdown being 60% and 40%, respec
Slide 10: 2025 year-end targets
In addition to the product and service production, sales and marketing activities carried in line with its growth strategy, the company continues its investments to achieve its goals. Within this framework, as of the end of 2025, below targets are expected on a USD basis; The company meticulously mo
Slide 11: Net sales, gross profit, EBITDA and equity
100,0 90,0 80,0 70,0 60,0 50,0 30.06.2024 Functional currency is USD since 30.06.2025 01.01.2020. 40,0 $5,9 million net cash position as 30,0 of June 30, 2025 20,0 %62 10,0 %58 %40 %41 - Net Sales (USD Million) Gross Profit (*) (USD EBITDA Equity Million) (USD Million) (USD Million) (*) Based on cos
Slide 12: Currency and revenue breakdown
Currency breakdown (2025) 12% Approximately 77% of sales are in foreign currency (USD or EUR) 25% 23% 2024-06M 2025-06M USD 11% 65% EUR 64% TL Revenue Breakdown(USD) USD % USD % SaaS 9,513 63% 13,319 67% Software Development and 3,713 24% 4,771 24% Geographical breakdown (2025) Maintenance IaaS and
Slide 13: Cost breakdown
Approximately 58% of costs are in TL Cost Breakdown1 Cost Breakdown2 Currency Distribution USD 15,482k by 2nd Quarter 2025 USD 15,482k by 2nd Quarter 2025 By 2nd Quarter 2025 5% 2% 4%%1 11% 4% 5% 9% 8% 10% 9% 8% 27% 17% 39% 13% 23% 14% 12% 24% 66% 55% 55% 55% 51% 66% 54% 67%58% 18% 67% 17% 17% 76% C
Slide 14: Hitit Oxygen launch and Payment Orchestration
The ongoing development of Hitit Payment Orchestration (HPO) is nearing Phase 1 completion and undergoing user testing as of the end of Q2. HPO will first go live on ADS and is then slated to be further Maintaining its global leadership position in the IATA Airline integrated into Crane PSS later in
Slide 15: Change Trends in Key Indicators
Change Trends in Key Indicators Revenue Passenger Kilometers (RPK) Evolution 2024 / 2025 Q1 Regional RPK Growth Impact (YoY)
Slide 16: Balance Sheet
Balance Sheet Balance Sheet (USD ‘000) 31.12.2024 30.06.2025 Cash and cash equivalents 8,552 12,785 Financial assets 3,698 3,635 Trade receivables 9,584 9,470 Prepaid expenses 3,047 3,116 Current income tax assets - 2 Other current assets 771 250 Total current assets 25,652 29,258 Property, plant an
Slide 17: Income Statement
Income Statement Income Statement (USD ‘000) 1 January- 30 June 2024 1 January- 30 June 2025 Net sales 15,159 19,806 COGS (-) (8,264) (10,192) Gross profit before D&A 8,785 12,301 Depreciation and amortization 1,890 2,687 Gross profit after D&A 6,894 9,615 Gross profit margin 45% 49% Marketing and s
Slide 18: Sustainability steps and collaborations
Steps to strengthen Aiming to mitigate Efforts to protect Projects in Educational equal opportunities in the effects of biodiversity and collaboration projects in our industry through climate change promote with national technology, sports, our employment through our R&D environmental and and sustai
Slide 19: Rackets Up Türkiye and education collaborations
Rackets Up Türkiye Championship In an effort to contribute to equal was held in Istanbul with champions Our company has joined the Özyeğin opportunities in education, the company from local tournaments in the University Artificial Intelligence signed a cooperation protocol with the project’s impleme
Slide 20: Borsa İstanbul Sustainability Index inclusion
Our company has been included in the Borsa İstanbul Sustainability Index as of January 1, 2025, and is currently working on the preparation of its Sustainability Report accordingly.
Slide 21: Appendix
Appendix Organizational Shareholder The Crane Use of IPO Structure and Structure Family Proceeds Current Values
Slide 22: Shareholder Structure
Shareholder Structure As of June 30, 2025 %36,82 %23,19 %4,71 %4,34 %4,34 %26,597 Pegasus Hava Fatma Nur Dilek Hakan Özkan Free Float Taşımacılığı Gökman Ovacık Ünlü Dülger A.Ş.
Slide 23: 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* Gender Education 2025
Slide 24: High Employee Seniority and Satisfaction
High Employee Senior IT Staff Seniority and According to 2025 LinkedIn data, while the average seniority in the top 10 software Satisfaction companies in Türkiye is 2.77 years, this figure is 5.5 years for Hitit employees Seniority and retention of employees above the industry average Experienced Ma
Slide 25: Crane Solutions
Crane Solutions We provide turn-key solutions for every step of the way in air travel.
Slide 26: 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. — Q2 2025 Earnings Presentation on 6ix