HİTİT BİLGİSAYAR HİZMETLERİ A.Ş.

Investor Presentation • Aug 11, 2025

Shaping the Future of Aviation and Travel Technology

2025 June Results Presentation

www.hitit.com

The 2nd largest PSS provider in Europe & Africa and 3rd largest in the world *

One integrated solution suitable for all airlines, from the smallest to the largest

1 global leader in new -gen IATA ARM/NDC technology standards

Modern and scalable cloud platform with integrated AI

Crane Partner Community

We meet the needs of Partners in different business models all over the world

Visualization of Hitit Partner aircraft movements within a 24-hour period based on FlightRadar 24 data

Visualization of destinations served by Hitit Partners based on live airport data within Crane systems

2025 2 nd Quarter Sales Revenues +31% over 2024 2 nd Quarter

+1 New, -1 Suspended Partners

within 2025 2 nd Quarter

EBITDA Margin -1% vs 2024 2 nd Quarter

Passenger volumes over 2024 2nd Quarter

Integrations with different banks and alternative payment systems

Sales volume generated by Hitit Partners in 2024

Countries with border and customs systems integrated with Hitit

85+ 102 \$8,5 billion

Airports served through Crane DCS in 160 countries

850+

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 2 nd Quarter 2025.

The effects of these investments, which reduce our costs and increase our revenues, are being realized as they are accomplished.

The joint field research project between Hitit CS Netherlands and VU Amsterdam University School of Business and Economics has been concluded and the results published.

In addition to Hitit Partner airlines in the region, the research project also interviewed 25 different travel agencies and tour operators and provided valuable competitive and go-to-market insights for Crane PSS, Hitit Oxygen and ADS. These results are now being evaluated by relevant Hitit teams.

Cash and cash equivalents at the end of 2 nd Quarter 2025 is \$16 million. The cash amount excluding lease liabilities and bank loans for the same period is \$5,9 million dollars.

As of the end of the 2 ndQuarter 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 / domestic breakdown being 60% and 40%, respectively.

As a result of the contracts signed and sales made in the previous periods, 3 new implementation projects were completed in the 2nd Quarter of 2025, the relevant systems were put into use and started to generate revenue. As of the end of 2nd Quarter further implementation projects and new product additional development activities are ongoing for 9 more Partners.

As of the end of 2 nd Quarter 2025 we serve 72 Partners in 50 countries on 6 continents.

As of the end of the 2 nd Quarter 2025, sales revenues increased by 31% compared to the same period of the previous year and reached \$19,8 million.

As of the end of the 2 nd Quarter 2025, the number of passengers, which is the basis of SaaS revenues increased by 36% compared to the same period of the previous year. Both new acquisitions and increase within the business volumes of existing partners have effect in this overall increase.

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 monitors the developments regarding the projections announced above. Where necessary, the company will publish updates on such developments.

Functional currency is USD since 01.01.2020.

\$5,9 million net cash position as of June 30, 2025

(*) Based on cost of sales except amortization.

Approximately 77% of sales are in foreign currency (USD or EUR)

Geographical breakdown (2025)

Currency breakdown (2025)

	2024-06M		2025-06M
Revenue Breakdown(USD)	USD	%	USD	%
SaaS	9,513	63%	13,319	67%
Software Development and Maintenance	3,713	24%	4,771	24%
IaaS and Projects	1,933	13%	1,716	9%
Total	15,159	100%	19,806	100%

SaaS: Software as-a-Service IaaS: Infrastructure-as-a-Service

PSS	ADS	Other
85%	4%	11%

SaaS Share (%)

Approximately 58% of costs are in TL

(1) Cost breakdown including amortization expenses

(2) Personnel expense includes amortization expense resulting from capitalization of personnel expense

(3) Consists of consultancy, rent and office expenses

Currency Distribution

By 2 nd Quarter 2025

Maintaining its global leadership position in the IATA Airline Retailing Maturity (ARM) Index, Hitit recently launched its new OOMS solution with the "Hitit Oxygen" brand.

In a series of public release activities coordinated with IATA, a global webinar hosted in May was attended by 45 airlines from all around the world. This was followed by the actual launch event in June at IATA's Geneva headquarters with over 200 airline attendees where Hitit Oxygen went officially live.

Based on data from Hitit, IATA and T2RL, Hitit Oxygen is currently the largest and most comprehensive live OOMS solution on the market and is leading the industry with a predicted 12 million passengers within its first year of operation.

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 integrated into Crane PSS later in the year.

Change Trends in Key Indicators

Balance Sheet

	3 0.0 6.2025
-	2
	-

Balance Sheet (USD '000)	31.12.2024	3 0.0 6.2025
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 and equipment	4,053	4,231
Intangible assets	40,520	46,495
Financial assets	500	-
Deferred tax assets	667	1,008
Prepaid expenses	2,699	2,673
Other non -current assets	60	66
Total non -current assets	48,499	54,473
Total assets	74,151	83,731
Trade payables	2,619	1,485
Bank loans	4,542	8,555
Lease liabilities	197	377
Current tax liabilities	268	431
Deferred income	1,199	1,375
Other current liabilities	2,005	2,148
Total current liabilities	10,830	14,371
Lease liabilities	673	1,229
Deferred income	2,876	3,566
Provision for employment termination benefits	396	477
Total non -current liabilities	3,945	5,272
Share capital	23,908	23,908
Share premium on capital stock	14,272	14,272
Legal reserves	1,100	1,440
Actuarial loss on defined retirement benefit plans, net of taxes	(87)	(87)
Currency translation difference	(234)	(234)
Profit for the year	8,491	4,713
Retained earnings	11,926	20,076
Total equity	59,376	64,088
Total liabilities and equity	74,151	83,731

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 sales expense(-)	(1,400)	(1,628)
General administrative expense(-)	(2,449)	(3,663)
Other operating income	871	729
Other operating expense(-)	(569)	(1,162)
Operating profit	3,348	3,891
Income from financial investment activities	658	1,476
Finance expense (-)	(406)	(1,176)
Finance income	11	971
Profit before tax	3,611	5,161
Income tax expense	327	(448)
Net Profit	3,938	4,713
Depreciation and amortization	(2,814)	(4,131)
EBITDA	6,155	7,948
EBITDA Margin	41%	40%

1 January- 30 June 2025
19,806 (10,192)
12,301
2,687
9,615
49%
(1,628)
(3,663)
729
(1,162)
3,891
1,476
(1,176)
971
5,161
(448)
4,713
(4,131)
7,948
40%

Steps to strengthen equal opportunities in our industry through our employment policies and collaborations with NGOs.

Efforts to protect biodiversity and promote environmental sustainability.

Aiming to mitigate the effects of climate change through our R&D efforts and enhance energy efficiency in our operations and services.

Projects in collaboration with national and international institutions and organizations.

Educational projects in technology, sports, and sustainability; efforts to bridge the digital divide; and academic collaborations.

Rackets Up Türkiye Championship was held in Istanbul with champions from local tournaments in the project's implementation regions. They competed in the Junior, Youth, and Star categories. Alongside their

trophies, winners—who also explored Istanbul during a two-day tour and activity program—received prizes supporting their education.

In an effort to contribute to equal opportunities in education, the company signed a cooperation protocol with the Darüşşafaka Society, one of Türkiye's most established educational institutions. Through this partnership, the aim is to support the formal education and athletic development of successful students in need.

Our company has joined the Özyeğin University Artificial Intelligence Platform. Through this valuable collaboration, we aim to contribute to shaping Türkiye's AI roadmap while also taking strong and sustainable steps to advance our technology.

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.

Appendix

Shareholder Structure

Organizational Structure and Current Values

The Crane Family

Use of IPO Proceeds

Shareholder Structure

As of June 30, 2025

Özkan Dülger

Free Float

%26,597

Organizational Structure and Current Values

General Management

Total Number of Employees*

Gender

Education

* Total of permanent staff and contracted consultants.

High Employee Seniority and Satisfaction

Experienced Management Staff

The average seniority of mid and senior- level managers reaches 10.3 years, so the hard-won expertise and corporate memory of Hitit are preserved and transferred.

Senior IT Staff According to 2025 LinkedIn data, while the average seniority in the top 10 software 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

Crane Solutions We provide turn-key solutions for every step of the way in air travel.

Crane PAX
Crane IBE
Crane MA
Crane ALM
crane.cM

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www.hitit.com

THANK YOU

Reşitpaşa Mah. Katar Cad. No: 4/1 ARI Teknokent 2 İç Kapı No: 601 34469 Maslak, İstanbul, Türkiye