Odine's EBITDA increased by 64% in the last 12 months.

Foreks - Odine has prioritized technology and innovation in 2024, increasing its net sales revenue by 56% compared to the previous year, reaching 1.2 billion TL. The company's gross profit rose by 62% to 622 million TL, with a gross profit margin of 51.83%. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by 64% to 493 million TL, while net income for the period increased by 61% to 402 million TL.

Liquidity performance improved significantly. In the fourth quarter, Odine maintained strong financial indicators, enhancing its liquidity ratios by increasing the current ratio from 1.6 to 2.51, and the cash ratio from 0.5 to 1.34. With a robust cash position and positive cash flow, the company continues to accelerate its R&D investments. In addition to its R&D centers in Istanbul and Izmir, Odine has established OdineLabs Inc. in the United States, a significant step in its global growth strategy. This new structure aims to strengthen Odine's R&D functions while expanding collaborations with global technology giants.