Logo Yazilim (LOGO) Investor Presentation summary

Business overview and market position

• Leading enterprise application software provider in Türkiye, with strong presence in Romania and India through subsidiaries and JVs.

• Offers ERP, HR, CRM, WMS, eServices, fintech, and SaaS solutions, serving over 210,000 customers in Türkiye.

• Holds 26% market share in Turkish EAS market, with #1 position in SME segment.

• Recurring revenue base at 82%, with SaaS revenue share at 59%.

• 900+ employees, 45% women, and a broad ecosystem of 5,000+ people.

Financial performance and growth

• IFRS revenues for 2024 reached $97.4 million, with an 11% CAGR from 2013–2025e.

• Q1 2025 invoiced revenue grew 5% y/y, EBITDA up 33% with a 40% margin, and net income at TL 730 mn (70% margin, aided by one-off FX gain).

• Recurring revenue rose 15% y/y, SaaS revenue up 33% y/y, now 59% of total.

• Strong cash position, with net cash at TL 684 mn and high liquidity.

• Dividend payout ratio increased to 64% in 2024, with a 4.25% yield.

Strategic initiatives and SaaS transition

• Accelerated shift to SaaS and subscription models, especially in small ERP segment.

• eService and fintech platforms drive embedded finance and open banking services.

• Specialized SaaS products (İşbaşı, Diva Retail, Peoplise, CaptainBiz) show strong ARR and user growth.

• Share buy-back programs and gradual reduction in Total Soft ownership to 15% by 2027.

• Ongoing R&D investment and digital transformation consultancy services.