Hitit Achieves 29% Growth in the First Nine Months of 2025, Reaching $31.2 Million in Revenue

Global aviation and travel technology provider Hitit (HTTBT) maintained its steady growth momentum according to the nine-month financial results. As of September 30, 2025, the company’s sales revenue increased by 29% year-over-year, reaching $31.2 million. Completing the period with an EBITDA of $12.7 million and a 41% margin, 77% of Hitit’s revenue was generated in foreign currencies and 23% in Turkish lira. The company’s international revenue share stood at 60%, while cash and cash equivalents totaled $11.3 million, and net cash amounted to $5.4 million.

Hitit’s CEO Nevra Onursal Karaağaç stated, “We are at the heart of aviation with 73 partners across 51 countries on six continents, serving over 850 airports. Our passenger numbers increased by 29%, and our Hitit Oxygen solution reached a daily transaction volume of 1 billion.”

Karaağaç also spoke about the new Hitit Payment Services Platform (HPO), saying, “HPO is an innovative solution that allows airlines and travel agencies to integrate with multiple payment providers, banks, and alternative payment methods. We successfully completed our first transaction. This system will offer our clients operational ease and cost efficiency while creating new revenue models for Hitit.”

Deputy General Manager of Finance Sezer Tuğ Özmutlu added, “In the first nine months of 2025, we increased our sales revenue by 29% to $31.2 million, with 77% of sales in foreign currencies. Our EBITDA reached $12.7 million, with a margin of 41%. Throughout 2025, we invested $13.5 million in R&D and $1.7 million in licenses, hardware, and equipment. These investments help us reduce costs while boosting revenue. We aim to close the year with strong performance.”