11.11.2025
Odine’s Sales Increased by 77% in the First 9 Months
Standing out with its innovative solutions in digital transformation, Odine closed the first nine months of 2025 with strong sales growth, a solid liquidity position, and positive working capital. Supported by its investments and robust liquidity, Odine aims to further improve its profitability in the final quarter of the year.
Maintaining its investment momentum and digital transformation–driven growth strategy throughout 2025, Odine accelerated its expansion. In the first nine months of the year, the company increased its net sales by 76.65% compared to the same period of 2024, reaching TRY 891.6 million. Gross profit stood at TRY 132.5 million, with a gross margin of 14.85%. Odine also sustained its strong liquidity position, with the current ratio improving from 2.51 at the end of 2024 to 2.57, and the cash ratio increasing from 1.34 to 1.39.
Commenting on the financial results, Odine CFO Ali Yöney stated:
“During the first nine months of 2025, we made significant investments in line with our long-term growth strategies. The loss recorded in this period was mainly driven by the postponement of certain planned projects to the final quarter of the year. Historical trends indicate that the sector generally delivers stronger performance in the last quarter. We are currently in a period of substantial investment, and we expect to realize the benefits of these investments in the coming periods. We also remain committed to our R&D investments.”
Expenses related to Odine’s strategic R&D investments, expected to contribute significantly to future revenue and profitability, combined with seasonality effects such as increased demand and project completions shifting to the final quarter, support the expectation of improved revenue and profitability in the last quarter of the year.
With its strong cash position, positive working capital, and solid equity structure, Odine continues to pursue its long-term value creation vision. The company’s experienced leadership team and accelerating R&D investments are expected to further strengthen its competitiveness in global markets.
Further Info: Odine Investor Relations investorrelations@odine.com / info@odine.com
