13.05.2025
Odine’s Net Sales Revenue Increased by 93% in the First Quarter
Odine, which has been providing software solutions and engineering services to national and international companies since 2000, increased its net sales revenue by 93% year-on-year in the first quarter, reaching TRY 238 million. Driven by its innovation-focused R&D initiatives and technology-driven approach, the company raised its gross profit by 302% to TRY 92 million and its EBITDA by 219% to TRY 52.8 million during the same period.
Maintaining a strong financial structure, Odine improved its current ratio to 2.90 and its cash ratio to 2.28, while continuing to sustain positive cash flow with a low leverage profile.
Investing in the Future Through R&D and Talent
Odine CFO Ali Yöney commented:
“Our focus on high value-added services, strong management approach, and the talent we have brought into our organization enabled us to deliver a solid financial performance in the first quarter. In line with our R&D-driven strategy, we will continue to develop innovative solutions and pursue long-term investments without slowing down.”
With a strong focus on innovation, Odine continues to expand both the scope and depth of its R&D investments to strengthen its global competitiveness. By onboarding highly skilled professionals and further enhancing its organizational structure, the company is focused on increasing its capacity to develop innovative products and services.
Further Info: Odine Investor Relations investorrelations@odine.com / info@odine.com
