13.05.2025
Odine Reports 93% Year-on-Year Growth in Q1 Net Sales Revenue
Odine, a global technology partner specializing in sustainable network transformation, has announced a strong financial performance for the first quarter of 2025. The company’s net sales revenue rose by 93% compared to the same period last year, reaching TRY 238 million.
Driven by a bold R&D vision and a technology-centric growth strategy, Odine recorded a 302% increase in gross profit, reaching TRY 92 million, and a 219% rise in EBITDA, reaching TRY 52.8 million. With a current ratio of 2.90 and a cash ratio of 2.28, the company continues to maintain a healthy liquidity position and positive cash flow, supported by its low-debt financial structure.
Focused on Innovation and Long-Term Growth
Ali Yöney, CFO of Odine, stated:
“Our focus on high value-added services, strong management principles, and the talented professionals who have joined our team enabled us to achieve robust results this quarter. We will continue to accelerate the development of innovative solutions and long-term investments through our R&D-driven approach.”
By expanding the scope and impact of its R&D initiatives, Odine continues to strengthen its global competitiveness. The company is focused on scaling its innovation capacity and building a resilient organizational structure with new expert talent, reinforcing its commitment to shaping the future with next-generation technologies.
Further Info: Odine Investor Relations investorrelations@odine.com / info@odine.com
