Marti Revenue Increases 110%, Delivers 61% Gross Profit Margin for Full-Year 2025

About this update from Marti Technologies, Inc.

Performance Well in Excess of Targets, Including Revenue, Adjusted EBITDA, and Gross Profit Margin ISTANBUL, April 13, 2026 --( BUSINESS WIRE )--Türkiye’s leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE American: MRT) today announced its financial and operational results for the full year ended December 31, 2025. Financial and Operational Highlights for the Full Year 2025 "2025 was a truly breakthrough year for Marti," said Oguz Alper Oktem, Founder and CEO. "We more than doubled our revenue, reduced our operating loss by over half, and demonstrated the power of our model as revenue scaled faster than costs at every level. We’re entering 2026 with strong momentum and believe we have a clear, accelerating path toward profitability." "Marti's ride-hailing service now spans 20 markets across Türkiye, covering cities that represent approximately 80% of the country's GDP — a nationwide footprint built in a single year," continued Mr. Oktem. "By March 2026, we reached 3.8M all-time unique ride-hailing riders and 490 thousand all-time registered ride-hailing drivers, surpassing our own targets. We’re raising the bar again to target 4.3M riders and 530 thousand registered drivers by mid-2026 — reflecting strong demand on the ground and our expanding reach beyond Istanbul and into high-growth regional markets." Mr. Oktem continued, "In 2025, Marti further evolved into a true multi-service platform with the launch of our same-hour delivery service. Built on our existing infrastructure and driver network, we believe this expansion will unlock meaningful additional growth opportunities well beyond ride-hailing." "Our monetization engine is working," continued Mr. Oktem. "Gross profit margin improved from negative 15% to over 61% in a single year, reflecting our efficiency gains as we scale. In 2026, our priorities are clear: develop cross-service synergies, achieve positive Adjusted EBITDA, and maintain continued operating leverage. We believe the path to sustainable profitability is not just visible – it’s rapidly coming into focus." Financial Highlights for Full Year 2025 Revenue Gross Profit Adjusted EBITDA Consolidated Financial and Operational Highlights in 2025 Operational Highlights Financial Highlights Financing June 30, 2026 All-time Unique Ride-Hailing Rider and Registered Driver Targets Marti is reaffirming its June 30, 2026 all-time unique ride-hailing rider and registered driver targets, as summarized below: Full Year 2026 Guidance Marti is reaffirming its full year 2026 guidance, as summarized below: The full year 2026 guidance provided herein is based on Marti’s current estimates and assumptions and is not a guarantee of future performance. The 2026 guidance is subject to significant risks and uncertainties, including the risk factors discussed in the Company's reports on file with the Securities and Exchange Commission ("SEC"), that could cause actual results to differ materially. There can be no assurance that the Company will achieve the results expressed by this guidance. This press release does not include a reconciliation of forward-looking Adjusted EBITDA to forward-looking GAAP Net Income (loss) because Marti is unable, without making unreasonable efforts, to provide a meaningful or reasonably accurate calculation or estimation of certain reconciling items which could be significant to Marti’s results. Conference Call Information Marti will host a conference call today to discuss its financial and operational results for FY’25. See details below. A supplemental investor deck can be accessed from the Company’s investor relations website ( https://ir.marti.tech/ ) where it will remain available for six months. Non-GAAP Financial Measures Certain financial information and data contained herein are not presented in accordance with generally accepted accounting principles of the United States ("GAAP") including, but not limited to, adjusted EBITDA, adjusted EBITDA margin, and certain ratios and other metrics derived therefrom. We define these metrics as follows: Adjusted EBITDA is calculated by adding depreciation, amortization, taxes, financial expenses (net of financial income) and one-time charges and non-cash adjustments, to net income (loss). The one-time charges and non-cash adjustments are mainly comprised of customs tax provision expenses resulting from the one-time amendment of customs duties and lawsuit provision expense which Marti did not consider the provision to be reflective of its normal cash operations. Adjusted EBITDA margin is calculated as Adjusted EBITDA divided by revenue. These non-GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing the Company’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to revenue, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. You should be aware that the Company’s presentation of these measures may not be comparable to similarly titled measures used by other companies. The Company believes these non-GAAP measures of financial results provide useful information for management and investors regarding certain financial and business trends relating to the Company’s financial condition and results of operations. The Company believes the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing the Company’s financial measures with other similar companies, many of which present similar non-GAAP financial measures to investors. These non-GAAP financial measures are subject to inherent limitations as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non-GAAP financial measures and accordingly, should always be considered as supplemental financial results to those calculated in accordance with GAAP. This financial information and data contained herein also includes certain projections of non-GAAP financial measures. Due to the high variability and difficulty in making accurate forecasts and projections of some of the information excluded from these projected measures, together with some of the excluded information not being ascertainable or accessible, the Company is unable to quantify certain amounts that would be required to be included in the most directly comparable GAAP financial measures without unreasonable effort. Consequently, no disclosure of estimated comparable GAAP measures is included and no reconciliation of the forward-looking non-GAAP financial measures is included. About Marti: Founded in 2018, Marti is Türkiye’s leading mobility app, offering a wide variety of transportation services. Marti operates a ride-hailing service that matches riders with car, motorcycle and taxi drivers; offers delivery services; and operates a large fleet of rental e-mopeds, e-bikes, and e-scooters. All of Marti’s offerings are serviced by proprietary software systems and IoT infrastructure. For more information, visit www.marti.tech . Cautionary Statement Regarding Forward-Looking Information This press release contains statements that are not based on historical fact and are "forward-looking statements’’ within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. For example, statements about the anticipated growth of Marti’s service offerings, including the numbers of unique riders and registered drivers of the ride-hailing service, launch and growth of its package delivery business, the expected geographic expansion of services to additional cities, the full year 2026 guidance, the revenue opportunity of Türkiye’s market, and the expected future performance, operational efficiencies, potential size and market opportunities of Marti and its ride-hailing, delivery, and two-wheeled electric vehicle services, are forward-looking statements. In some cases, you can identify forward looking statements by terminology such as, or which contain the words "will," "aim," "anticipate," "believe," "continue," "could," "estimate," "expect," "forecast," "future," "intend," "may," "plan," "possible," "predict," "project," "seek," "should," "target," "will," "would" and variations of these words or similar expressions. Such forward-looking statements are subject to risks, uncertainties and other factors. Actual results may differ materially from the expectations expressed or implied in the forward-looking statements as a result of known and unknown risks and uncertainties. These forward-looking statements are based on estimates and assumptions that, while considered reasonable by Marti and its management, are inherently uncertain and are subject to a number of risks and assumptions. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond Marti’s control, are difficult to predict, and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements. Known risks and uncertainties include but are not limited to: (i) our ability to implement business plans, forecasts, and other expectations, and identify opportunities, (ii) the risk that we may not be able to effectively manage our growth, including our design, research, development, and maintenance capabilities, (iii) the risk of downturns in the highly competitive tech-enabled mobility services industry, (iv) our ability to build our brand and consumers’ recognition, acceptance, and adoption of our brand, (v) the impact of geopolitical tensions and international conflicts, including the military conflict occurring in the Middle East, on the global economy, inflation, energy and commodity prices and our business, (vi) volatility in the price of our securities due to a variety of factors, including without limitation changes in the competitive and highly regulated industries in which we operate or plan to operate, variations in competitors’ performance and success and changes in laws and regulations affecting our business, (vii) the outcome of any legal proceedings that may be initiated against us or our directors or officers, (viii) technological changes and risks associated with doing business in an emerging market, (ix) risks relating to our dependence on and use of certain intellectual property and technology, (x) our ability to maintain the listing of our securities on the NYSE American Stock Exchange (xi) our ability to grow our business profitable, including our ride-hailing, delivery and two-wheeled electric vehicle businesses, and (xii) other factors or risks discussed in the Company’s filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investors Relations section of the Company’s website at https://ir.marti.tech . Investors should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the SEC as most of the factors are outside the Company’s control and are difficult to predict. As a result, the Company’s actual results may differ from its expectations, estimates and projections and consequently, such forward-looking statements should not be relied upon as predictions of future events. The Company cautions not to place undue reliance upon any forward-looking statements, including its 2026 guidance and ride-hailing targets, which speaks only as to management expectations and beliefs as of the date they are made. The Company disclaims any obligation or undertaking to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law. Consolidated Balance Sheets Consolidated Income Statements Consolidated Statement of Cash Flows Non-GAAP Reconciliations - Consolidated Adjusted EBITDA and Adjusted EBITDA Margin (in thousands $, except percentages)   View source version on businesswire.com: https://www.businesswire.com/news/home/20260413075684/en/ Contacts Investor Contact Marti Technologies, Inc. Turgut Yilmaz [email protected]

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