13.05.2026
Odine Increased Sales by 174% in the First Quarter
Odine reported a 38% increase in gross profit to TRY 127 million in the first quarter of 2026 compared to the same period last year and aims to further increase its sales and profitability throughout the rest of the year, supported by its investments and strong liquidity position.
Providing consultancy, systems integration, and AI-powered software and service solutions for digital infrastructures, Odine generated TRY 651 million in net sales revenue in the first three months of 2026. This figure represents a 174% increase compared to the same period in 2025, driven by the company’s growth strategy focused on sovereign cloud architectures and artificial intelligence technologies. The company’s gross profit increased by 38% year-over-year to TRY 127 million, while its gross profit margin reached 19.48%.
The impact of Odine’s strategic R&D investments, carried out throughout 2025 and expected to contribute significantly to future revenue and profitability, began to be reflected in the company’s financial results during the first quarter of 2026. Supported by seasonal demand growth and the acceleration of project closures in the coming quarters, the positive contribution of these investments to revenue generation and profitability is expected to become more visible throughout the year.
Improvement in Operational Performance
Commenting on the first quarter results, Odine CFO Ali Yöney stated:
“The positive impact of the strategic investments we made in line with our long-term and sustainable growth objectives has started to become visible in the first quarter of the year. Supported particularly by the organic and inorganic investments and R&D initiatives carried out throughout 2025, our sales revenues recorded strong year-over-year growth, while our operational performance also improved.
Historical trends in the sector indicate that demand growth and project closures tend to accelerate in the upcoming quarters of the year. In this context, we expect the contribution of our strategic investments, which have already started to be reflected in our financials during the first quarter, to become more evident throughout the remainder of 2026.
The strong revenue growth and net profitability performance achieved in the first quarter of 2026 represent key outcomes of our long-term growth strategy. As Odine, we remain committed to continuing our R&D investments that will strengthen our competitiveness and support our sustainable growth. We believe that our technology-focused business model will make a strong contribution to long-term profitability and operational efficiency.”
With its strong cash position, positive working capital, and solid equity structure, Odine continues to pursue its long-term growth vision focused on sovereign cloud architectures, multi-cloud management, AI-powered orchestration technologies, and next-generation digital infrastructures. The company’s strategic initiatives aimed at strengthening its global organizational structure, accelerating R&D investments, patent-focused innovation approach, and international technology collaborations are expected to further enhance Odine’s competitiveness in global markets.
Further Info: Odine Investor Relations investorrelations@odine.com / info@odine.com
