Marti Technologies (MRT) investor relations material

Market opportunity and positioning

• Operates the leading urban mobility app in Türkiye, serving a $9–$12 billion annual market opportunity.

• Only at-scale ride-hailing operator in the country, with 3.4 million unique riders and 450,000 registered drivers as of December 2025.

• Presence in 20 of Türkiye’s largest cities, covering about 80% of national GDP.

• Ride-hailing annual revenue potential in Türkiye is estimated at $4 billion, with significant room for market expansion.

• Türkiye’s urban mobility market is underdeveloped compared to other major economies, with high congestion, low metro density, and limited taxi penetration.

Growth drivers and expansion plans

• Shifted from investment to monetization in ride-hailing, with monetization starting in October 2024 and dynamic pricing launched in January 2025.

• Outperformed rider and driver growth targets, aiming for 3.8 million unique riders and 485,000 drivers by March 2026.

• Growth driven by organic expansion, new city launches, loyalty programs, and improved user experience.

• Plans to increase take rate through new subscription packages and commission models, aligning with global benchmarks.

• Exploring expansion into delivery and financial services, as well as international markets.

Financial performance and guidance

• Revenue nearly doubled from $18.7 million in 2024 to $34 million projected for 2025, with $70 million guidance for 2026.

• Adjusted EBITDA expected to improve from $(19.3) million in 2025 to $1 million in 2026, signaling a path to profitability.

• Monetization and operational efficiencies are expected to drive significant financial improvement.

• Well-capitalized with backing from major U.S. and European institutional investors.